fbpx

Would you like a Free Profile Evaluation?

Ameer Khatri MBA Consultant

MiF in Singapore & Asia

August 31, 2023

690

Avg. GMAT

23

Avg. Age

S$ 70,000

Avg. Cost of Study

12 – 18 

Months Duration 

 S$ 60,000

Avg. Salary

Table of Contents

Why Study MiF in Singapore & Asia?

Welcome to the world of Singapore’s Master in Finance (MiF) programs, where financial knowledge and global prospects collide. Enrolling in a MiF program in Singapore could be your ticket to a fulfilling and prosperous career if you are a finance enthusiast aiming to succeed in the constantly changing financial business.

Aspired finance professionals can learn about cutting-edge financial practices and be exposed to a variety of financial marketplaces in Singapore, which is known as Asia’s financial hub. The MiF programs in Singapore are meant to give students the critical-thinking abilities, practical knowledge, and analytical skills they need to succeed in the challenging world of finance.

The city-state’s reputation is among the main factors to consider when deciding whether to participate in a MiF program there. You can be sure you’ll obtain a top-notch education that satisfies industry requirements thanks to the many MiF programs offered by prestigious universities and business schools in Singapore that are approved and recognised internationally.

Furthermore, MiF students can interact with renowned financial institutions, international organisations, and cutting-edge fintech firms thanks to Singapore’s advantageous location as an economic hub. The vibrant financial environment of the city offers many chances for networking, internships, and hands-on experience, allowing students to use what they learn in the classroom in practical situations.

The MiF programs in Singapore also provide electives and specialised tracks, enabling students to customise their courses to fit their unique career objectives. Whether asset management, risk management, corporate finance, asset management, investment banking, or fintech are your areas of interest, the varied curriculum options will help you become an expert in your chosen field.

Program Costs + Living Expenses : MiF in Singapore & Asia

SGD 50,000 

Avg. Tuition Fee

SGD 12,600

Avg. Living Cost

SGD 12,00

Avg. Misc, Charges

70,000

Avg. Cost of Study

Singapore is one of the most well-liked locations for earning a MIF because of its excellent education and thriving business community.

Depending on the city you choose to study in, the average MIF fees in Singapore can vary greatly. The typical MIF fees in Singapore range from about 50,000 to 120,000 Singapore Dollars.

The anticipated costs and fees for universities in various parts of Singapore are broken down as follows:

  • Accommodation: The cost of accommodation in Singapore varies depending on the location, type of accommodation, and number of roommates. A shared apartment in the city center can cost around SGD 600-1,000 per month.
  • Transportation: The public transportation system in Singapore is efficient and affordable. A monthly pass for unlimited rides on buses and trains costs around SGD 120.
  • Rent: The cost of rent in Singapore varies depending on the location, size, and type of accommodation. A studio apartment in the city center can cost around SGD 2,000 per month.
  • Other expenses: Other expenses to consider include food, personal care items, entertainment, and travel. A monthly budget of SGD 300-500 for these expenses would be sufficient.

Eligibility Criteria : MiF in Singapore & Asia

You must have a Bachelor’s degree in Finance, Business, or a relevant field to be eligible for a Master’s in Finance program in Singapore & Asia.

 Applicants are expected to have a strong academic background, usually a bachelor’s degree from a recognized university or institution. A competitive GPA or equivalent academic performance is often preferred by admissions committees.

Many universities  require applicants to submit their GMAT, GRE, or TAGE MAGE test scores as part of their application for a Master’s in Finance program. These aptitude tests assess your quantitative, analytical, and verbal reasoning skills.

 As English is the primary language of instruction in most MIM programs, international applicants may need to demonstrate their English language proficiency. This can be done by providing scores from standardized tests like IELTS (International English Language Testing System) or TOEFL (Test of English as a Foreign Language).

  • Valid Passport: You must have a valid passport for the duration of your studies.
  • Degree Certificate(s) or Current Enrollment Certificate: To apply for a Master’s program, you will need to provide either your Bachelor’s degree certificate or a current enrollment certificate if you are in the final year of your undergraduate studies.
  • Official Academic Transcripts: You must submit official academic transcripts from all higher education institutions you have attended, including exchange programs, if any. These transcripts should include your official Grade Point Average (GPA) or equivalent.
  • Résumé (CV): A comprehensive résumé highlighting your educational background, work experience, internships, research projects, and other relevant achievements should be included in your application.
  • Two Completed Online Reference Forms: At least one reference should be completed by a professor who can attest to your academic abilities. The online reference forms should be submitted directly by the referees.
  • Passport-Style Photo: You will need to provide a recent passport-style photograph for identification purposes.
  • Non-Refundable Application Fee: Most universities require the payment of a non-refundable application fee when submitting your application.
  • Statement of Purpose (SOP): A well-written Statement of Purpose explaining your motivation, goals, and reasons for pursuing a Master’s in Finance in France is typically required.
  • Professional Experience Certificates (if applicable): If you have any relevant professional experience, it is advisable to include certificates or documents that validate your work history.
  • Student Visa or Residence Permit: International students will need to obtain a student visa or a residence permit to study in France. The specific visa requirements may vary depending on your country of residence.
  • Bank Statement: You may be required to provide a bank statement or proof of financial means to demonstrate your ability to cover tuition fees and living expenses during your studies.

It is important to carefully review the specific admission requirements of the universities or programs you are interested in, as these requirements may vary. Start the application process well in advance to ensure you have sufficient time to gather all the necessary documents and meet the deadlines.

Financial Aid : MiF in Singapore and Asia

ESSEC ARDIAN FOUNDATION Fellowship

This grant is accessible to all global candidates pursuing the Singapore Track and is granted based on the overall quality of their application, specifically highlighting their academic prowess showcased in their application materials. The fellowship provides coverage for a portion of the total tuition expenses, up to 30%.

CIMB ASEAN Scholarship

This prestigious award is specifically available to exceptionally accomplished students hailing from ASEAN nations where CIMB maintains a presence. The scholarship is all-encompassing, providing full coverage for academic costs, encompassing registration, examination, and tuition fees, along with a stipend to support living expenses.

Singapore International Graduate Award (SINGA)

This scholarship offers complete financial backing for international students from any country enrolling in a PhD program. The scholarship includes comprehensive coverage for tuition fees, a living stipend, as well as funding to support research-related expenses.

NUS Graduate Scholarship for ASEAN Nationals (NUS GSA)

Open to nationals of ASEAN member countries who have secured admission to a full-time Master’s or PhD program at the National University of Singapore (NUS), this scholarship takes care of tuition fees and also provides a monthly allowance.

A*STAR Graduate Scholarship (AGS)

Extended to international students admitted to a full-time Master’s or PhD program in the fields of science, technology, engineering, or mathematics (STEM) at a Singaporean university, this scholarship encompasses tuition fees and includes a monthly stipend.

Career Prospects : MiF in Singapore & Asia

For aspirant finance professionals looking for fulfilling job prospects, a Master’s in Finance from Singapore opens a door to a vibrant and dynamic financial world. Singapore, a centre of the global financial system, provides a wide range of career opportunities for graduates, including positions in investment banking, asset management, corporate finance, risk management, and financial technology.

Professionals with a finance degree from Singapore are well-positioned to prosper in a competitive and changing market because of Singapore’s reputation for competence in financial services and its advantageous location in the Asia-Pacific examines the promising employment and career opportunities available to graduates who complete a Master of Finance in Singapore.

85%

Employed within 3 months of graduation

50- 70K

Avg. Salary

        Most Sought after Jobs

Financial Analyst

        Financial Services Sales Agent

Financial Manager

     Personal Financial Advisor

  Insurance Finance Manager

Visa & Stay Prospects : MiF in Singapore & Asia

Students who have applied and been accepted by their preferred school for a Masters’s in Finance in Singapore must then obtain the required student visa to go to the country to pursue an education. The Singaporean institutions will take the required actions to submit an application for a Student Pass on the student’s behalf at the Singapore Immigration Checkpoint Authority (ICA). The Student’s Pass Online Application Registration (SOLAR) system will be used to apply. Applications must be submitted as early as two months and as late as one month before the start of the course for consideration. Take care of the following:

  • Student Pass: International students who have been accepted to a MiF program in Singapore are required to apply for a Student Pass. The Student Pass is a work visa that allows students to study and work in Singapore.
  • Eligibility requirements: To be eligible for a Student Pass, students must meet the following requirements:
    • Be enrolled in a full-time course of study at a recognized educational institution in Singapore.
    • Have a valid passport and visa.
    • Have sufficient financial resources to support themselves during their studies.
    • Have a clean criminal record.
  • Application process: The application process for a Student Pass can be found on the website of the Singapore Immigration and Checkpoints Authority (ICA). The application must be submitted at least two months before the start of the course.
  • Processing time: The processing time for a Student Pass is typically two weeks.
  • Stay prospects: After completing their studies, international students who have a Student Pass are eligible to apply for a Post-Study Work Pass (PSW). The PSW allows graduates to work in Singapore for up to six months after completing their studies.

Top 5 Colleges for MiF in Singapore and Asia

UniversityDetailsSuggested
Singapore Management University

MSc in Applied Finance

Duration: 12 – 20 months

Format: Full-time/Part-time

Location: Singapore

SMU MiF
NUS Business School

MSc in Finance

Duration: 16 months

Format: Full-time

Location: Singapore

NUS Business School MiF
Nanyang Technological University 

MSc in Finance

Duration: 12 months

Format: Full-time

Location: Singapore

NTU MiF
University of Auckland

Master of Applied Finance

Duration: 15 months

Format: Full-time

Location: Auckland, New Zealand

University of Auckland MiF
University of Canterbury

Master of Applied Finance and Economics

Duration: 12 – 18 months

Format: Full-time

Avg. Working Experience: 0 – 2 years*

Location: Christchurch, New Zealand

University of Canterbury MiF

Application Process & timeline

We strongly advise all our clients to have a proper excel sheet or a timetables mapped out.
Once you are done with GMAT the entire application process usually take 4-6 weeks

Step 1

GMAT / GRE Score

2-3 months.

If you are not sure about what score to target then look at the average score of the schools you want and shoot above the average. 

Step 2

Profile Evaluation

 1-2 weeks.

Get your profile evaluated from a professional consultant and figure out what schools you can target based on your profile

Step 3

Application Prep

3-4 weeks at least. 

Start writing at least 1 month in advance of their 1st deadline. First application usually takes the longest.

Step 4

Interview Prep

1 week

School will notify you and give you roughly 1 week to schedule your interview. Ideally, start your prep ASAP and Do some mock interviews.

FAQs about MiF in Singapore and Asia

Singapore and Asia have rapidly growing financial markets, making them attractive locations for studying finance. These regions offer diverse opportunities for networking, internships, and employment within multinational corporations, investment banks, and financial institutions.

Admission requirements vary by institution but typically include a bachelor’s degree (preferably in a related field), standardized test scores (such as GMAT or GRE), letters of recommendation, a statement of purpose, and relevant work experience. English language proficiency tests like IELTS or TOEFL may also be required for non-native English speakers.

You can enter all types of work experience in the Education and Experience section as well as detailing these experiences on your CV (Resumé).

Many institutions offer scholarships and financial aid to international students. It’s advisable to research and inquire directly with the universities you’re interested in regarding available options.

Some MFin programs require students to complete a thesis or capstone project, while others may offer options for internships, case studies, or practical projects in lieu of a thesis.

What Can We Do For You?

Profile Evaluation

Take our Free Profile evaluation and figure out your strengths and weakness

Application Prep

We help guide our clients through the entire application journey

Interview Prep

Need Help with your Interview Prep? We got you covered via mock interviews

What Our Client Say

Open chat
Hi,
This is Ameer
How can I help you?