Programme Overview

FlexiMasters in Business finance is offered by Nanyang Business School, Singapore,  as part of the FlexiMasters series launched by Nanyang Technological University, Singapore (NTU Singapore).

Our programme is suitable for anyone interested in finance but who had minimal exposure to this field at a tertiary academic level.  Over five graduate courses, you will gain broad exposure to financial topics, including corporate finance and investments, plus newer fields such as fintech and sustainable finance. 

  • Provide you with better access to postgraduate-level training so you can personalise your learning pathway and upskill/reskill in a timely fashion.

  • Enable you to build on your experience, transit and prepare for a career shift, and become future-ready in an ever-changing employment market

  • Earn credits that you can stack towards a postgraduate degree at Nanyang Business School, Singapore

1. Our programme consists of five advanced business courses,  worth a total of 15 academic units (AUs):

  • Five courses, each worth three AUs

2. Each course comprises:

  • An online 9-hour self-paced component
  • A 30-hour in-class component, over four weekends, a mix of in-person and online (with considerations for COVID-19 restrictions). 

3. Qualification

  • FlexiMasters will only be awarded to students attaining 15 AUs for a course with a minimum GPA of 2.5

  • Students attaining 9 AUs for a course with a minimum GPA of 2.5 will be eligible for a Graduate Certificate.

  • A course can be counted towards the award of both a Graduate Certificate and a FlexiMasters. That is, a course that has been counted towards the AU requirements for a Graduate Certificate can be also counted towards its adjoining FlexiMasters. However, the course cannot be reused to fulfil the AU requirements of a different Graduate Certificate or a FlexiMasters.
  • While no pre-requisites are needed to enrol in the course/s, participants with relevant background and/or experience may have a better understanding of their course content.
  • Priority will be given to candidates who choose to complete five courses within this specific FlexiMasters programme.

    February Intake:

    CourseRun Dates
    Financial Management05 Feb, 12 Feb, 19 Feb, 26 Feb 2022
    Financial Statement Analysis12 Mar, 19 Mar, 26 Mar, 02 Apr 2022
    Investments23 Apr, 30 Apr, 07 May, 14 May 2022
    International Economics and Finance 28 May, 04 Jun, 11 Jun, 18 Jun 2022
    Contemporary Finance: Fintech and Sustainable Finance02 Jul, 16 Jul, 23 Jul, 30 Jul 2022

    Venue: Suntec City

    • The course duration is 30 weeks, with four classes per module. Classes are conducted on weekends.
    • The programme has been designed for a blend of in-person and online classes.  
    • Mandatory attendance is required for programme info sessions. (Details will be provided upon successful admittance into the programme.)


    Financial Management


    The objective of this first course is to provide you with a broad understanding of key financial principles, concepts, and analytical tools.

    The topics to be covered include:
    • the time value of money
    • bond and stock valuation
    • capital budgeting
    • risk and return
    • cost of capital
    • corporate financial decisions (including capital structure, dividend distribution policy, and capital raising)
    • an introduction to options. 


    Financial Statement Analysis

    The course aims to equip you with the accounting skills and knowledge essential for understanding and analysing financial statements for business decisions.

    You will learn:
    • The concepts and applications of financial accounting standards on key economic transactions of reporting
    • How to interpret and analyse financial statements
    • How to unravel complex scenarios involving financial instruments, impairment, leases, and income taxes.



    This course provides you with a rigorous introduction to the fundamentals of modern finance and its applications to business challenges in investment. All of which is at the heart of every investment decision, whether that decision is to buy, sell, or hold. Due to globalization and the ever-changing dynamics of the modern financial markets, the pricing of any financial asset has become an ever more complex task. 

    This course will:
    • Guide you through the theory and application of several main investment topics, highlighting the strengths and weaknesses of each valuation model.
    • Teach you valuation, portfolio construction, and evaluation techniques, including how to apply investment techniques using Excel.
    The main topics are: 
    • An introduction to asset classes and financial instruments, including how to trade financial securities
    • Risk and return,  and capital allocation decisions
    • Modern portfolio theory, Capital Asset Pricing Model (CAPM), Arbitrage Pricing Theory (APT), and multi-factor models
    • Performance evaluation of mutual funds and other portfolios

    International Economics and Finance


    This course is an introduction to international economics and finance. It serves to highlight modern economic and financial theories and models, showing how they can impinge on the performance of business and industrial enterprises that operate in a competitive international setting.
    Many companies engage in cross-border business and face important financial questions beyond those found in a purely domestic setting. This course endeavours to provide the basic understanding and tools to analyse, evaluate, finance, and manage international business. This is particularly relevant to highly open economies, such as Singapore, where companies engage internationally.

    In this course, we will:
    • Describe the global financial markets that facilitate international business, explain the key economic links among them, and show why understanding foreign exchange rates is crucial
    • Explain exchange rates and those factors that affect the rates
    • Examine the challenges for companies created by unexpected changes in the exchange rate
    • Discuss how  firms should manage their exposure to currency fluctuations
    • Explore areas of international corporate finance like capital budgeting and financing from the perspective of multinational companies
    By attending this course, you will be prepared for a rewarding career in providing advice, analysis, creative insights, and solutions in economics, finance, and business. 

    Your career options include an economist, business analyst/consultant, financial/risk analyst, or policy development officer; or you may choose to pursue graduate studies in economics, business, or professional designation in finance (e.g. CFA) or accounting (e.g. CPA).

    Contemporary Finance: Fintech and Sustainable Finance


    In recent years, the development of fintech, especially the application of blockchain and AI in finance, has attracted tremendous attention from both industry and academia. Fintech is considered as the core competitiveness of financial institutions. 
    This foundation course lays the foundation for more advanced courses and helps you prepare for a career in the fintech industry.

    Through it, you will:
    • Understand the basics of fintech, including the skills required to develop new applications.
    • Discover the basics of blockchain and AI technologies, plus related practical topics, such as CBDC, crypto-economics, digital asset management.
    • Learn how to use open-source Python packages to design, test, and implement algorithms in finance.
    Sustainable finance integrates environmental, social, and governance (ESG) criteria into business and investment decisions for sustainable outcomes. This includes reducing inequality, improving inclusiveness, reducing pollution, and mitigating and adapting to the adverse effects of climate change.

    Our course is therefore the study of finance and sustainability as an integrated subject beginning with an introduction of financial and investment principles and moving towards financial analysis, financing, valuation, responsible investment and impact investing. 

    The course also covers diverse aspects of sustainable investments and offers tools for effective financial valuation and effective risk assessment. The perspective proposed by this course is motivated by the desire of corporations for continued prosperity, expansion, and, in some cases, even to promote their own survival.


    FlexiMasters in Business Finance can be stacked into MBA (Banking and Finance) at Nanyang Business School, Singapore, and similarly accredited under the following conditions:

    • Up to 9 academic units (AUs) can be transferred to an MBA (Banking and Finance) for the following FlexiMasters courses (or equivalents):

    - Financial Management,
    - Investments,
    - International Economics and Finance.

    • The AUs earned from a FlexiMasters course are valid for up to five years for transfer to a relevant/adjoining programme.
    • Credit transfers are by application only and will be assessed and approved by the relevant programme’s owners.
    • The minimum Grade Point eligible for transfer of credits is 2.5. However, some programme owners may recommend a higher Grade Point.
    • Academic units from a Graduate Certificate or FlexiMasters programme, approved for transfer of credits, will not be included in the Cumulative Grade Point Average for our Masters by Coursework programmes.
    • The course must not have been used for exemption/transfer of credits into another programme

    Admission to Full Nanyang Business School Master’s Programme
    Participants have to meet all required admission standards of the selected Master’s programme.



     Course Fees in SGD
     Fees BEFORE funding & GST Fees AFTER funding & GST
    Singapore Citizens (aged 21-39) / PR (aged ≥21)
    70% Funding
    $20,000.00 $6,420.00
    Singapore Citizens (aged ≥40)
    MCES1 - up to 90%
    $20,000.00 $2,420.00
    SME-sponsored Singapore Citizens / PR
    ETSS2​ - up to 90%
    $20,000.00 $2,420.00
    ​NTU Class of 2020/2021+
    Fee payable to NBS after 70% SSG Funding and use of $3,200 Alumni Credits** and NTU Class of 2020/2021 COVID-19 support​ package
    $20,000.00 $0.00

    1. Under the SkillsFuture Mid-career Enhanced Subsidy (MCES) scheme. For more information, visit the SkillsFuture website here.
    2. Under the Enhanced Training Support for Small & Medium Enterprises (ETSS) scheme. For more information, click here.

    Singapore Citizens, aged 25 and above, and self-sponsored, may use their SkillsFuture Credit to defray part of the net course fee. You can submit their SkillsFuture Credit claims by logging into Please click here for “How do I submit a claim for SkillsFuture credit?” and other FAQs.

    Funding Requirements
    - You must achieve a minimum of 75% attendance for each module.
    - You must complete and pass all assessment components.

    You do not need to contact SkillsFuture or SkillsConnect for funding before course registration. NTU will handle the funding paperwork for both self and company-sponsored applicants. You will be invoiced the net amount after funding and GST.

    **NTU Alumni Course Credits

    All NTU/NIE alumni may utilise their alumni credits of $1,600 to co-pay up to 50% of the nett fee (exclusive of prevailing GST) payable for courses offered by NTU-Continuing Education Training (CET) Units. It is your responsibility to inform us if you wish to utilize alumni credits before the start of the programme. For more info, please click here.

    +NTU Class of 2020/2021

    • Full fee waiver is only applicable for Singaporeans and PR (full-time undergraduate students).
    • Cash payment may be due if you have used up any free CET course or Alumni course credits prior to enrolling in FlexiMasters.
    • There will be no refund of $3,200 Alumni course credits if you withdraw from the programme after successful admission. 

    1. What is the course schedule and duration of the FlexiMasters programme?

    Please look under ‘Course Schedule & Venue’ for the run dates of the classes.


    2. Will I be able to pursue more than 1 FlexiMasters programme?

    There are no restrictions but it’s advisable to take up 1 FlexiMasters at a time as the schedule might overlap. Eventually, all of the applications will be reviewed by the Selection Committee.


    3. I’m only interested in one of the modules in one of the FlexiMasters Programme. Will I be able to pursue that module?

    FlexiMasters is a bundled programme. When you apply for a FlexiMasters programme, it will be considered that you’re applying for all the modules.


    4. How will the credits earned from the FlexiMasters contribute to a NBS Master’s programme?

    FlexiMasters is a stackable programme where credits earned are eligible for credit transfer to a NBS Master’s programme. However, participants are required to meet the admission standards of their selected NBS Master’s programme. For more information about the NBS Master’s Programme, you may visit this link:

    5. What is the course assessment like?

    Course assessment will differ from module to module. This will be determined by the respective teaching faculty. Assessment components will be shared upon successful admittance to the programme. Some of the assessment components may consist of Individual coursework, Group coursework, Quizzes and Class Participation.


    6. When will the course outlines be made available?

    Course outlines will be shared upon successful admittance to the FlexiMasters programme.


    7. Will the cost of a FlexiMasters course be fully waived for students who graduated from the NTU full-time undergraduate class of 2020/2021?

    Course fees are fully waived for students who graduated from the NTU full-time undergraduate class of 2020 & 2021 (subject to participants meeting SSG's funding criteria​ and $3,200 NTU Alumni Course Credits​). For NTU Class 2020 & 2021, they will be eligible for FlexiMasters full funding till June 2022. Terms and conditions will apply for full funding.


    8. Will the cost of a FlexiMasters course be fully waived for International students who graduated from the NTU full-time undergraduate class of 2020/2021?

    As SSG Funding is only applicable to Singaporeans & PR, International students will need to bear 70% of the cost fees. However, they will still be eligible for the $3,200 NTU Alumni Course Credits & Covid 19 Support Package.


    9. Can I still use my Alumni Credit? When does my Alumni Credit Expire? Can I check the balance of my Alumni Credit?

    Kindly email to PACE regarding queries of your Alumni Credit:

    10. Can I get a rough idea of the difficulty level?

    These are advanced graduate Business courses embedded with academic rigour necessary for the academic units in the programme. Due diligence is required to pass the modules in the programme.


    11. If I do not pass the course or any of its components, would the funding still hold? Or would it be revoked?

    In the event you do not pass a course, you will not be eligible for funding. Hence, you will have to pay for any outstanding fees thereafter.


    12. Will there be more details available on the course curriculum, such as the types of software being used and the specific topics covered in each module?

    Once you have successfully enrolled into the programme, more information will be given to you regarding the modules.


    Find out about the FlexiMasters route, the various subsidies and more here

    • There will be an administrative fee of $2,000 for participants who withdraw from the programme after successful admission.
    • Nanyang Executive Education reserves the right to change the date, venue, and mode of delivery due to unforeseen circumstances or prevailing government advisory.
    • Nanyang Technological University will have the final decision on the mode of delivery for the class (either in-person or online) and students will be notified accordingly.
    • There will be no make-up classes for absentees. 
    • Participants who wish to progress to a Master’s Programme upon attaining a Graduate Certificate or a FlexiMasters must submit a separate application for admission and the criteria for admission to the Master’s Programme would apply.
    For more information about this course, please contact us at