Master of Science in Financial Engineering
(On Campus)

Empower yourself for the New Millennium
Master of Science in Financial Engineering

Financial engineering is the design, development, and implementation of innovative financial products and of financial processes in the major market segments of currency, interest rates, equities, and commodities, for trading, investment, hedging, and risk management. Within this cross-disciplinary field, finance considers returns, risks and transaction costs, economics brings into focus aspects of equilibrium and preference optimization under incomplete markets, mathematics provides analytics and equivalent martingale measures, physics considers solutions for heat equation PDEs and path integral methods, computational science offers fast computational methods and technology, and engineering considers Fourier transforms, wavelets, neural nets, and visualisation.

Mission

The Master of Science Program in Financial Engineering launched in July 1999 aims at equipping finance and banking industry professionals with current knowledge and skills in financial innovations and risk management. The domain knowledge includes financial product development, price and hedge modelling, investment technology, risk analyses, computational methods, and data support systems for trading.

Career Opportunities

Career opportunities for financial engineers are available worldwide in commercial and investment banks, brokerage and securities firms, treasury and financial planning departments of non-financial corporations, insurance companies, consulting, investment advisory, and accounting firms, government financial agencies and international financial organizations, and financial software and technology businesses.

Administration and Teaching Faculty

The degree is awarded by the NUS Risk Management Institute, administered through the Risk Management Institute and comprises teaching staff from the Departments of Finance and Accounting, Mathematics, Physics, Economics, Engineering, and the School of Computing. It is a multi-disciplinary programme that draws from the established strengths of the various NUS Faculties. There will be opportunities to attend lectures and seminars given by eminent professors from many top universities worldwide. Some modules will also be co-taught by senior bankers and industrialists in the relevant field. There is also a 2 weeks elective module that will be conducted overseas.