Program Overview

MSc in Quantitative Finance (NUS-SJTU MQF) Program Details

The MSc in Quantitative Finance (NUS-SJTU MQF) is a graduate program offered jointly by the National University of Singapore (NUS) and Shanghai Jiaotong University (SJTU). This program provides advanced training in quantitative finance, aiming to equip students with a strong background in mathematics or quantitative finance to follow the syllabus with ease.

Admission Requirements

To be eligible for the program, applicants must possess or expect to obtain an Honours degree (or a 4-year Bachelor’s degree) in a discipline with strong quantitative training, such as:

• Mathematics
• Statistics
• Economics
• Finance
• Computer Science
• Engineering
• Physical Sciences
• Equivalent degrees with a strong mathematical background

Additional requirements include:

• English proficiency: Applicants whose medium of undergraduate instruction is not English must pass TOEFL (minimum score required is 85) or IELTS (minimum score required is 6.0). The validity of each test score is 2 years from the date of examination.
• Candidature Period: Full-Time, 1 – 2 years (2 – 4 semesters)

Application Procedure

The application procedure involves the following steps:

1. All applicants should apply online via the Graduate Admission System.
2. Applicants should browse the User Guide before applying.
3. All supporting documents must be uploaded (in .pdf format) by the application closing date. Official English translations should accompany supporting documents that are not in English.
4. Applicants no longer need to send hardcopies of the supporting documents as these documents can be uploaded into the application portal for retrieval.
5. Fraudulent/Inaccurate/incomplete applications will not be processed.
6. Applications and/or payment received after the closing date will not be processed for that intake.
7. No candidate may concurrently be a student for more than one degree or register as an NUS candidate of another university/institute.
8. Shortlisted candidates may be required to sit for an interview. They will be informed of the details in due course.

Supporting Documents

The following supporting documents are required:

• Identification: Singapore NRIC (for Singapore Citizens or Singapore Permanent Residents) or Passport Information Page (Front) (for International Applicants)
• Academic Records: University Transcript, Degree Scroll / Student Status Letter
• English Proficiency: Valid TOEFL/IELTS Score
• Financial Proof: Bank Statement / Payslip / Sponsor’s Letter

The following documents are not required:

• Referee Reports
• GRE/GMAT Report
• Personal Statement

Application Timeline

The application timeline is as follows:

• Application Period: 1 October (previous year) – 15 March
• Closing Date: 15 March
• Application Outcome: By 30 June

Course Fees

The course fees for the program are as follows:

• Application Fees: SGD 100 (online, non-refundable, and payable when submitting application materials)
• Tuition Fees:
  • August 2022 intake: CNY 220,000
  • August 2023 intake: CNY 260,000
  • August 2026 intake: Program fees are currently under review
• Miscellaneous Student Fees (MSF): A mandatory fee levied by NUS for all students enrolled in its programs, which includes registration fee, examination fee, computer account fee, and class fee (copyright)
• Per Course Fees:
  • August 2022 intake: CNY 22,000
  • August 2023 onwards: CNY 26,000

Payment of Fees

The payment of fees involves the following:

• Application Fees: Payable when submitting application materials on the GDA website
• Tuition Fees: Paid directly to SJTU
• Miscellaneous Student Fees (MSF): Paid to NUS in SGD via telegraphic transfer or online via credit card (VISA/AMEX)

FAQ

Frequently Asked Questions about the program include:

• How does this program differ from the regular MSc in Quantitative Finance program offered by NUS?
• I’m very interested in this program but I do not have a degree in mathematics or quantitative finance. Am I eligible to apply?
• I do not have an Honours degree (i.e., only a 3-year Bachelor’s degree or its equivalent). Am I eligible to apply?
• Must I sit for TOEFL and GRE tests?
• Do you accept copies of test results for TOEFL test?
• May I be exempted from sitting for TOEFL test since it is not available in my province/country?
• Can I submit the test result after the application closing date, if there are no test dates available before the closing date?
• Must I submit referees’ reports/letters?
• Should I submit all supporting documents?
• When will I know the outcome of my application?
• I have been admitted to the program but due to unforeseen circumstances, I may not be able to complete matriculation and commence study as planned. Can I defer my admission to the next intake?
• I have problems continuing or completing the program. Can I drop out from it?
• Is there a closing date to apply for deferment, leave of absence, or withdrawal?
• Are there any scholarships available for this program?

Affiliation

The program is affiliated with:

• Institute for Mathematical Sciences
• Risk Management Institute
• Centre for Quantitative Finance
• Centre for Data Science and Machine Learning
• Singapore Mathematical Society
• Southeast Asian Mathematical Society
• NUS SIAM Student Chapter
• NUS Mathematics Society