Admissions

Thank you for your interest in the Master of Science in Financial Engineering programme at Nanyang Business School. 

Applicants who wish to apply to the MSc Financial Engineering are required to meet the minimum admission requirements below:​

Admission Requirements

1. A good undergraduate degree in applied mathematics, applied science, statistics, computer science, engineering, economics, or other quantitative fields. We will also consider applicants from other disciplines.
2. A good GMAT or GRE score.* We accept GMAT or GRE test. For GRE, please take the General Test. GMAT/GRE must be taken within the last five years at the time of submitting your application.
   Note: GMAT/GRE scores are optional for NTU's SPMS graduates with Honours (Distinction) degree and above. 
   
3. TOEFL/IELTS for applicants whose first degree was taught in a language other than English
4. ​​Work experience is preferred but not required
   

The institutional code for the following tests are:

• GMAT: V24-ZV-17
• GRE: 3123
• TOEFL: 9705
  

Important: We no longer accept GMAT/GRE and TOEFL/IELTS online test scores taken after 31 December 2023. Only in-person test results taken on/after 1 January 2024 onward are considered valid. 

Application Deadlines:

The application for the July 2026 intake will start in September 2025.

Round 1: 30 November 2025
Round 2: 28 February 2026

To know more about our tuition fees and the various scholarships and grants available, do refer to our tuition fees and financing section. 

Direct Admission To MFE For SPMS Students

Under a special co-operation with the School of Physical and Mathematical Sciences (SPMS) at Nanyang Technological University (NTU), students in Year 3 or 4 enrolled in MATH, MAFI, MACS, MAEO, MADA, MAET, MASN or PHMS with very good academic results, are invited to apply for the direct admission to NTU’s Master of Science in Financial Engineering programme.  

Interested candidates, please contact the MFE admissions team at email: mfe@ntu.edu.sg to know more.

Preparatory Course

Finally, there are preparatory courses  in mathematics, finance, and programming available for you to refresh your knowledge before the programme starts. Please note that the Mathematics Preparatory Course is compulsory, while the other two courses are optional.  

Candidates must meet our Admission Req​uirements in order to join the MSc Financial Engineering. Only completed applications will be assessed. An application is considered complete if we have received all supporting documents, information and application fee.

​​Get Started In 6 Simple Steps

Fee Schedule (Non-CMU Track) (Full-Time)

Note: 
The application fee is S$100 and is strictly non-refundable and transferable.
A one-time miscellaneous fee of $555.20 (including GST) will be billed. This fee is subject to revision at the discretion of the University and final fee payable may differs slightly from the above payment schedule.
¹ The enrolment fee is payable upon acceptance of offer and is non-refundable and transferable. It will be deducted from the full tuition fee.  
² GST is subject to revision at the discretion of the Singapore Government. The current GST rate in Singapore is 9%. 

Fee Schedule (Non-CMU Track) (Part-Time)

Note: 
The application fee is S$100 and is strictly non-refundable and transferable.
A one-time miscellaneous fee of $257.86 (including GST) will be billed. This fee is subject to revision at the discretion of the University and final fee payable may differs slightly from the above payment schedule.
¹ The enrolment fee is payable upon acceptance of offer and is non-refundable and transferable. It will be deducted from the full tuition fee.  
² GST is subject to revision at the discretion of the Singapore Government. The current GST rate in Singapore is 9%. 

Fee Schedule (CMU Track) (Full-Time)

Note: 
The application fee is S$100 and is strictly non-refundable and transferable.
A one-time miscellaneous fee of $555.20 (including GST) will be billed. This fee is subject to revision at the discretion of the University and final fee payable may differs slightly from the above payment schedule.
¹ The enrolment fee is payable upon acceptance of offer and is non-refundable and transferable. It will be deducted from the full tuition fee.  
² GST is subject to revision at the discretion of the Singapore Government. The current GST rate in Singapore is 9%. 
Travel and living expenses  (estimated to be  S$6,500 and S$8,500 respectively) for the  term in Carnegie Mellon University (CMU), USA, will be fully borne by participants. 

Fee Schedule (CMU Track) (Part-Time)

Note: 
The application fee is S$100 and is strictly non-refundable and transferable.
A one-time miscellaneous fee of $257.86 (including GST) will be billed. This fee is subject to revision at the discretion of the University and final fee payable may differs slightly from the above payment schedule.
¹ The enrolment fee is payable upon acceptance of offer and is non-refundable and transferable. It will be deducted from the full tuition fee.  
² GST is subject to revision at the discretion of the Singapore Government. The current GST rate in Singapore is 9%.
Travel and living expenses  (estimated to be  S$6,500 and S$8,500 respectively) for the  term in Carnegie Mellon University (CMU), USA, will be fully borne by participants.  

Tuition Fees Are Payable On A Trimester Basis

Fees for full-time study are payable in instalments over three trimesters. 
Fees for part-time study are payable in instalments over six trimesters.

Tuition fees are subject to review every year. Students in the Part-time programme will be affected by fee revisions (if any) in their second year. Existing students may check your fees at the University's Graduate Admissions website here.

Other Fees

These are additional miscellaneous fees payable at the time of registration and after registration. Please click here to go to the Office of Academic Service's website for the latest details.

The Tuition Fee is to be paid only upon receipt of the bill from the Office of Finance. The bill will be sent to candidates after they have registered formally with the University. The above fees will also be included in the bill.

Candidates who withdraw from the programme within the first two weeks of the first semester shall not be liable for the Tuition Fee, Examination Fee, Amenities Fee and Copyright Fee. Candidates who withdraw from the programme after the second week shall be liable for payment of Tuition Fee, Examination Fee, Amenities Fee and Copyright Fee due for the entire term.

Billing Enquiries

Bills will be sent by the Office of Finance. Students are encouraged to pay fees through GIRO.

MSc Financial Engineering Merit Scholarship

NBS offers partial scholarships to stellar candidates, on a competitive basis. Only applicants who have been offered a place in MSc Financial Engineering programme are eligible for the scholarships. The partial scholarship will go towards off-setting the fees of the programme, and does not cover the living expenses in Singapore, travel and accommodation.

Eligibility Criteria

• Possess excellent academic credentials
• Performed well in the admission interview
• Granted admission to the MSc Financial Engineering programme

How to Apply

• Please complete the scholarship part of the online application, including the scholarship essay. 
• Applicants who wish to be considered for the scholarship should ensure that their scholarship applications are completed (including submission of all supporting documents) by 30 November 2024.
• Scholarship application will only be considered when it is submitted together with the application. 

ASEAN Development Scholarship

This partial scholarship is awarded to nationals of ASEAN member countries (excluding Singapore) as part of NBS’s effort to accelerate economic and social progress in the Member States of ASEAN. Each scholarship quantum is at 100% or 40% of the tuition fee.

Scholarship applicants must possess strong academic records, demonstrated leadership qualities and potential, and for working professionals, a strong career progression. A complete online application including the scholarship section, and required supporting documents must be submitted by the first round application deadline to be eligible for the ASEAN Development Scholarship.

Diversity Scholarship

The Diversity Scholarship aims to cultivate a vibrant community by supporting individuals who bring unique perspectives and experiences to the programme and the NBS community. Diversity encompasses a broad range of dimensions, including but not limited to ethnicity, gender, and cultural heritage. Scholarship applicants are encouraged to define diversity in a way that reflects their personal journeys and experiences. Each scholarship awarded covers 40% of the tuition fees.

Eligibility Criteria

Applicants must showcase a distinctive background, demonstrate how it enhances the broader understanding of diversity, and possess a track record of success in initiatives or activities that promote diversity within their communities or workplaces.

How to Apply

A complete online application including the scholarship section, and required supporting documents must be submitted by the first round of application deadline to be eligible for the Diversity Scholarship.

NTU Alumni Grant

NTU alumni who have completed a bachelor’s or post-graduate degree at NTU are eligible for an alumni grant of 10% of the tuition fees. The subsidy can only be used to offset the tuition fee and cannot be used to offset other costs such as student service fees or miscellaneous fees.

Singapore Citizen & Singapore PR Grant

Singapore Citizens and Singapore Permanent Residents are eligible for a grant of $5000. The subsidy can only be used to offset the tuition fee and cannot be used to offset other costs such as student service fees or miscellaneous fees.

​Loans

Education loans with some leading banks/institutions that offer optimal lending terms to eligible applicants are available. Please note that NTU is not an agent for these banks/institutions and students must apply for the loans directly with the respective banks/institutions and abide by their terms and conditions. 

You may click on the following loans to learn more about the loan eligibility, terms & conditions and application guide.