Our full-time MSc in Finance programme is delivered intensively over 3 semesters and includes compulsory experiential learning. You are expected to complete 50 Modular Credits (MCs) to graduate.
|AUG – NOV||JAN – APR||MAY – JUL||AUG – NOV|
On Campus (12 MCs)
This first semester on campus provides you with the foundation for the programme:
This module aims to provide students with the foundation to understand the key concepts and tools used in Finance that are necessary for managers to make sound financial decisions. Topics covered include discounted cash flow models, risk and return, capital budgeting, valuation of stocks, as well as an overview of payout policy and capital structure.
This course introduces the designing and implementing of financial models in the computer, with Excel as the main tool. It covers four classes of models: Corporate Finance models, Portfolio models, Option-Pricing models and Bond models. It also covers simulation, some numerical methods, and VBA programming.
The course stresses the theory of accounts, generally accepted accounting principles, and the interpretation of financial statements. The perspective of the course is that of managers and investors as knowledgeable users of accounting information.
This course provides students with fundamental concepts in statistics and analytics, and their basic applications in finance. Students will be exposed to basic concepts in statistics and data analytics, as well as basic data handling and analyses using programming language, such as R and Python.
On Campus (16 MCs)
The second semester provides you with the essential knowledge and skills for a career in finance-related sectors:
This module develops a conceptual framework for corporate decisions, focusing on the responsibilities, concerns, and methods of analysis for CFOs, consultants, and directors of the firm. Topics include capital budgeting, financial modelling, M&A deal structures, syndicated loans, public equity offerings, and dividend policy. The impact of major external constituents, such as private equity and hedge funds, on corporate decisions are also considered.
This is a course in the theory and applications of risk and return in capital markets. This course will present the paradigm by which financial securities are valued and provide a framework for making investment decisions. Topics include the measurement of risk, diversification, optimal portfolio selection, asset pricing models, and market efficiency, as well as empirical evidence pertaining to these theories and practices.
This module focuses on the pricing, hedging, and use of derivatives and fixed income securities. These include bonds, forwards, futures, call and put options, and other derivative securities.
This module is designed to provide students with data analysis tools and conceptual frameworks for analysing international financial markets and capital budgeting. The module covers the following topics: foreign exchange markets; models of exchange-rate determination; international investments; currency and interest rate risk management; international banking; international capital budgeting; political risk and corporate governance in Asia.
Global (2 MCs)
Through an industry internship or applied projects, you will be able to engage in experiential learning in analysing and solving problems faced by peers in the finance industry.
These industry internships and applied projects will also enable you to acquire a variety of interpersonal and collaboration skills, particularly in understanding the impact of your actions on your colleagues and your companies.
These internships and applied projects are primarily self-sourced.
On Campus (20 MCs)
The ultimate semester on campus provides you with the opportunities to explore areas that attract you in greater depth. You will need to complete five elective modules. Some of the modules* that may be offered include:
This is a two-part module. The first part covers topics such as factor models, co-movement in returns, market anomalies, and liquidity considerations. Behavioral patterns in trading by investors and its implications for asset prices will also be discussed. The second part comprises the application of various active investment strategies. Topics include how to research, construct, back-test, combine, and evaluate different alpha generating investment modules and quantitative programmes into a meaningful and practical investment portfolio. Different styles of managers, including strength and weakness, will be introduced and compared. How an investment manager can meet escalating objectives and concerns of investors and regulators will also be discussed.
This module introduces financial data analytics by integrating finance domain knowledge and programming skills together. The module aims to give students an understanding on how technologicals can assist and improve functions in the financial services industry, and equip students with technical tools and programming skills to assist their decision making in the financial services industry. It will also benefit students aspiring to enter the FinTech industry.
This module is structured around the theme of risk management in banks and financial intermediaries. Students will examine how financial intermediaries generate earnings and the nature of risks assumed in their operations. The topics covered include: why financial intermediaries are special, the role of depository institutions, various financial crises, and the management of various risks assumed in financial intermediation, including interest rate risk, credit risk, off-balance sheet risk, and liquidity risk.
This module is designed to equip students with key accounting concepts to gain deep understanding of corporate financial reports. The course enables students to develop essential skills to effectively apply accounting information and investment tools from the value investing perspective.
This module serves as a comprehensive real world examination of the quantitative techniques available and how these might be applied to portfolio management in the investment management industry. Major topics covered include exploring various quantitative tools and models for Estimating Expected Returns, Modelling Risks, Style Analysis & Bench-marking, and Strategic & Tactical Asset Allocation. Lectures will involve frequent interaction with practitioners from the industry hands-on lab projects and real-life examples.
This module covers private equity investment types including venture capital, growth capital, and buyouts. It also includes corporate venturing and cross-border structuring. Topics will cover the entire private equity investment cycle from fund raising and structuring; deal screening, due diligence, and valuation; investment negotiations; post-investment value development; and eventual exits.
*The curriculum is subject to changes. The University reserves the right to revise the curriculum.
You may also choose one of the following specialisations depending on your career objective. To meet the specialisation requirement, you will need to successfully complete at least three elective modules from a particular specialisation out of the five modules that you take in the final semester:
Corporate Finance Specialisation
This is designed for students who want to pursue a career in the areas of capital budgeting, project evaluation, cash management and raising of short-term and long-term capital. Students interested in this track need to have a strong understanding of accounting statements, the tools for raising funds and managing liabilities, financial forecasting, treasury functions, forecasting cash flows, and the impact of tax code on financial choices.
Investment Finance Specialisation
This is designed for students who want to pursue a career in the markets sector, where the focus is primarily on trading and risk management of bonds, stocks, options, swaps and other such financial instruments. Students interested in this track need a thorough and mathematically sound understanding of the principles of valuation and arbitrage. You would also benefit from being able to understand and possibly implement computer models for pricing/hedging such instruments. In addition, you will need to understand the practical aspects of implementing a trading strategy, as well as the relevant institutional and regulatory framework.
If you are looking to start your career in the financial intermediation sector in the areas of banking, investment banking, insurance, and asset management, both of the above skill sets are required. You will also need to have in-depth knowledge of institutions and regulations.
Finance and Technology Specialisation
This is designed for students who want to pursue a career that takes advantage of the technological disruptions in the financial sector. Students interested in this specialisation need to have a strong understanding of the financial sector, a willingness to develop an aptitude in technology, and a keen interest in the intersection of finance and technology.
Requirements for Completion and Graduation
To graduate from our NUS MSc in Finance programme, you must complete the programme requirements and achieve a Cumulative Average Point (CAP) of at least 3.0 (out of 5.0).
To stay and complete the programme, you must maintain a CAP of at least 3.0. In the event that you are unable to maintain a CAP of 3.0 and above, the following scenarios may occur: