G

MASTER OF SCIENCE (MSc)

FINANCIAL
ENGINEERING
IN COLLABORATION WITH CARNEGIE MELLON UNIVERSITY
PROGRAMME M
F
STRUCTURE

E
Our extensive curriculum will be taught over three trimesters in the
full-time programme. Each trimester is divided into two mini terms consisting
of seven weeks each. Students will spend the first five mini terms in
Nanyang Technological University, Singapore, followed by a final term in
Carnegie Mellon University, USA (subject to US visa approval, where applicable).

Part-time students may opt not to go to CMU, subject to the

PERIOD OF CANDIDATURE
University’s approval. If approved, they will take the courses
in NTU. Fees will remain unchanged. Full-time - 1 Year (3 Trimesters)
Part-time - 2 Years (6 Trimesters)

TRIMESTER 1 Mini Term APPLICATION DETAILS

1 (Jul - Sep)
JUL-NOV 2 (Sep - Nov)
Admission for the programme takes place in July
every year. All applications are to be submitted online with all the
necessary educational and other required supporting documents,
and an application fee of
S$100 (inclusive of GST).
TRIMESTER 2
NOV-MAR
3 (Nov - Dec) Application closes end February for July admission.
4 (Jan - Mar)
Admission Process Schedule:

Submission of Online Application

TRIMESTER 3 & Supporting Documents 1 Nov - 28 Feb
Interviews Jan - Apr
MAR-JUN
5 (Mar - Apr)
6 (May - Jun) Admission Offers Apr - May

Recess: Dec-Jan & Apr-May.

Please visit our website for the official academic schedule.
FEES
Application Fee: S$100

Tuition Fees*:
ADMISSION REQUIREMENTS for Academic Year 2017/2018 for both full-time
and part-time are as follows:
• A good undergraduate degree in applied mathematics,
applied science, statistics, computer science, engineering Singapore Citizen S$29,00​0
or economics. Applicants from other fields will be considered Singapore Permanent Resident S$33,750
on a case-by-case basis. Foreigners with 3-year Service Obligation S$42,400
Full Fees S$55,800
• Good GMAT or GRE score
Fees for full-time study are payable in installments over 3 Trimesters.
• Good TOEFL or IELTS score, if the medium of instruction
Fees for part-time study are payable in installments over 6 Trimesters.
during undergraduate studies was not in English

• Minimum 2 years of relevant work experience is preferred * Fees for AY2018/2019 are currently under review. Finalised fees will
but not required be announced in due course. Tuition fees do not include travel and
living expenses for the final term in Carnegie Mellon University, USA.
Estimated cost between S$6,500 and S$8,500 is to be fully borne
by participants.
VIBRANT
LEARNING HUB
Young and research-intensive, Nanyang Technological University (NTU Singapore) is
ranked 11th globally. It is also placed 1st amongst the world’s best young universities.
NTU offers engineering, science, business, humanities, arts and social sciences,
and has a joint medical school with Imperial College London. NTU is also home
to world-class institutes and global research breakthroughs.

1 11
st th
IN ASIA* IN THE WORLD*

1
st
IN THE WORLD AMONG
UNIVERSITIES BELOW AGE OF 50**

NANYANG
BUSINESS SCHOOL
Consistently ranked among the world’s top business schools, Nanyang Business
School (NBS) is dedicated to educating international business leaders. NBS is the
first in Singapore and among a select few in the world to attain accreditations from
both global accreditation bodies, EQUIS (EU) and AACSB (US).

CARNEGIE MELLON
UNIVERSITY, USA
A world-renowned pioneer in the teaching and research of Financial Engineering,
Carnegie Mellon University’s Tepper School of Business is one of the first business
schools to emphasise interdisciplinary thinking. In recognition of consistent
groundbreaking contributions, the U.S. News & World Report 2017 and the
Financial Times rankings for 2016 have placed Tepper School of Business
among top business schools.

Source:
* Quacquarelli Symonds World University Rankings, 2018
** Quacquarelli Symonds Top 50 Under 50, 2018
THE NTU MSc FINANCIAL
ENGINEERING EXPERIENCE
A unique graduate programme, the NTU Master of Science in Financial
Engineering (MFE) empowers you to succeed as a dynamic professional
in the world of high technology finance.

Learn from world-class faculty and seasoned industry WHY FINANCIAL ENGINEERING AT NTU?
professionals how to implement solutions in areas of high
technology finance, such as risk management, product Updated to reflect new economic realities, the MFE programme is
structuring, quantitative trading, quantitative research and an intensive inter-disciplinary and collaborative programme that
financial information technology. Stay ahead of industry equips you with concepts and techniques in Finance, Computer
developments in this multi-disciplinary programme that is Science and Mathematics. It applies sophisticated engineering tools
offered in collaboration with Carnegie Mellon University, USA. to financial problems, utilising complex analytical and quantitative
methods. It aims to create multi-skilled individuals with strong
The programme’s rigorous curriculum emphasises teamwork financial expertise, well equipped to stay constantly ahead of rapid
and communication in real-life corporate settings, seamlessly advances in the financial services industry.
integrating current financial theory and computational methods
with practical knowledge. Close interaction with both faculty
and industry professionals will enable you to amalgamate RESOURCES
real-life experience with academic research to enrich your
Supporting all teaching and research activities in financial
understanding of today’s financial world.
engineering and other areas of high technology finance, our
Financial Trading Rooms are fully equipped with state-of-the-art
terminals, trading simulation software and video-conferencing
Five Highlights of the MFE Programme: facilities, coupled with Bloomberg and Reuters 3000 Xtra. In
addition, the Graduate Studies Career Development Office (GSCDO)

1
7 WEEKS AT CARNEGIE MELLON facilitates job opportunities by providing assistance to students
UNIVERSITY, USA through workshops, seminars and career fairs, as well as to
recruiters and employers in their talent search.

2
EXPERTISE FROM TWO SPEAKER SERIES & VISITING PROFESSORS
NTU SCHOOLS
You will benefit from the knowledge, wisdom and collective
Nanyang Business School (NBS) & School of Physical
experience of our guest speakers and visiting professors. Industry
and Mathematical Sciences (SPMS)
professionals and visiting academics are invited throughout the

3
academic year to teach and conduct seminars.
WORLD-CLASS
FACULTY
ENGINEERING FINANCIAL FREEDOM

4
Graduates from the MFE programme are highly valued and sought
INSIGHTS FROM INDUSTRY after in the financial services industry, with many successfully
PROFESSIONALS carving out a niche in the financial sector, both locally and
internationally. Careers vary but usually revolve around risk
management, quantitative asset management, product structuring,

5
STRONG ALUMNI quantitative trading, quantitative research, financial information
technology as well as other areas in high technology finance.
NETWORK
PROGRAMME
COURSES
The courses in the MFE programme are divided into three groups: FINANCE
Financial Mathematics & Statistics, Finance and Computing.
— Corporate Finance
Preparatory courses in Math, Finance and Computing are
— Asset Pricing Theory
also offered before the start of each academic year. The Math
— Bond Portfolio Management
Preparatory Course is compulsory for all incoming students and
— Equity Portfolio Management
commences end of June.
— Derivative Securities
— Interest Rate Derivatives
Students are required to complete 20 core courses and
— Financial Risk Management
4 elective courses:
— Advanced Risk Management (CMU)
— Term Structure: Theory & Practice (CMU)
FINANCIAL MATHEMATICS & STATISTICS — Seminars on Special Topics
— Calculus & Linear Algebra — Monetary Economics (E)
— Stochastic Modeling in Asset Pricing — Financial Accounting (E)
— Stochastic Calculus for Finance — Exotic Options & Structured Products (E)
— Probability & Statistics — Credit Risk - Measurement & Management (E)
— Linear Financial Models — Advanced Topic in Financial Engineering Studies (E)
— Financial Time Series Analysis — Trading Analytics & Processes (E)
— Numerical Methods for Financial Instrument Pricing (E)
— Simulation Methods for Option Pricing (CMU) COMPUTING
— Advanced Statistical Modeling (E)
— Object Oriented Programming I
— Optimisation in Finance (E)
— Object Oriented Programming II
— Financial Computing (CMU)
Note:
— Financial Engineering Project (CMU)
1. (E) denotes elective courses. All others are core courses.
2. Electives and courses at Carnegie Mellon University (CMU) are
— Programming Web Applications in Finance (E)
subject to change. — Artificial Intelligence Techniques in Finance (E)

I HAD NO DOUBTS ABOUT THE MFE

PROGRAMME AT NBS BEING THE COURSE
OF MY CHOICE BECAUSE IT INTEGRATED
QUANTITATIVE WITH QUALITATIVE FINANCE.
It's a unique mix and such a skill set is really sought after if you are looking to make it on Wall Street.
The programme really helped me in my previous role in IB Technology. I found it so much easier to talk
to the front office people and provide technological solutions to their business needs. Sometimes business
people are really amazed at the skill set I possess, for which I thank Nanyang Business School and
its professors.

Anand Goyal
Class of 2007
Executive Director, Financial Institutions Sales
JP Morgan
MSc
FINANCIAL
ENGINEERING

NANYANG BUSINESS SCHOOL

NANYANG TECHNOLOGICAL UNIVERSITY
50 Nanyang Ave, S3-B3A
Singapore 639798

Email mfe@ntu.edu.sg
Phone +65 6908 3470 / 6790 4758
Web www.mfe.ntu.edu.sg

CONNECT WITH US
facebook.com/NTUNBSGrad
linkedin.com/company/nanyang-business-school
@NanyangBizSch
nanyangbizschool
blogs.ntu.edu.sg/nbsgradstudies

WeChat:
南洋理工NBS

Designed by Method Media Pte Ltd