SMU MSc in Applied Finance (MAF): Detailed Overview

Table of Content

Introduction to MAF at SMU

The Master of Applied Finance (MAF) program at the Singapore Management University (SMU) is a prestigious and comprehensive postgraduate degree designed to equip students with the advanced knowledge and skills necessary to excel in the world of finance.

Renowned for its academic excellence and commitment to developing industry-ready professionals, the MAF program provides a well-rounded education in finance, covering areas such as investment management, risk analysis, financial modeling, and more. With a strong emphasis on real-world applications, students are prepared for a wide range of career opportunities in the financial sector.

The program’s distinguished faculty, innovative curriculum, and its location in the heart of Singapore’s financial district make it an ideal choice for those aspiring to advance their careers in finance.Moreover, the MAF program at SMU offers a dynamic and diverse learning environment, fostering global perspectives and collaboration.

650

Avg. GMAT

3-4

Semesters

S$54,500

Avg. Cost of Study

12-20

Months Duration 

S$76,672

Avg. Salary

Why Study MAF at SMU?

41

FT Rankings

Studying the Master of Applied Finance (MAF) at Singapore Management University (SMU) offers a multitude of compelling reasons for prospective students:
  • Academic Excellence: SMU is renowned for its academic excellence and commitment to delivering high-quality business and finance education. The MAF program, known for its rigor and practicality, upholds this tradition and ensures that graduates are well-prepared to excel in the world of finance.

  • Industry-Relevant Curriculum: The MAF program at SMU is designed to be highly relevant to the finance industry, with a curriculum that integrates cutting-edge theories and practical applications. Students gain a deep understanding of financial concepts, risk management, and investment strategies.

  • Global Perspective: SMU is strategically located in Singapore, a global financial hub. The MAF program leverages this location to provide students with a global perspective on finance, preparing them to navigate international financial markets.

  • Faculty Expertise: The program is taught by a distinguished faculty of experts who bring real-world experience and insights to the classroom. Students benefit from the expertise of faculty members who are active in the finance industry.

  • Scholarship Opportunities: SMU offers various scholarships to support talented and deserving students pursuing the MAF program, including scholarships for academic excellence, leadership potential, and community impact.

Program Costs + Living Expenses : MAF at SMU

S$54,500

Avg. Cost of Tuition/Quarter

+ 

S$15,000

Avg. Living Cost/Quarter

S$ 69,500

Avg. Cost of Study

Fees: In addition to paying tuition, students must also pay fees. These fees pay for a range of costs, including student government dues, technology fees, and health insurance for students.

Living costs: Living costs change based on the lifestyle and housing preferences of the student. For a single student living on campus, however, a conservative estimate of living costs is $15,000 per year. Housing, food, transportation, personal, and health insurance costs are included in this.

Supplies and books: The price of books Depending on the student’s course load and academic interests, the cost of books and supplies may vary. However, $500 each quarter is a fair estimate for books and supplies.

Transit: Depending on the student’s commute requirements and available transit options, the cost of transportation varies. However, $200 each quarter is a fair estimate for transportation.

Additional costs: Additional costs could include things like entertainment, travel, and presents. Depending on the student’s particular spending habits, the price of these expenses may vary.

Employment Prospects : MAF at SMU

90%

Employed within 3 months of graduation

S$ 76,672

Avg. Salary

    Most Sought-after Jobs

Investment manager.

Change management engineer

Fashion retail project manager

Capital markets analyst

Consultant

Mergers and acquisitions (M&A)

Graduates of the Master of Applied Finance (MAF) program at Singapore Management University (SMU) typically enjoy promising employment prospects in the field of finance and related industries. Here are some of the key employment prospects and career opportunities available to MAF graduates:

  • Investment Banking: Many graduates find employment in investment banks, working as analysts, associates, or in roles related to mergers and acquisitions, equity research, and capital markets. The MAF program’s strong academic foundation and practical focus make it a strong candidate for such positions.
  • Asset Management: Graduates can pursue careers in asset management, where they manage investment portfolios, evaluate financial instruments, and make investment decisions. Roles may include portfolio managers and investment analysts.
  • Corporate Finance: MAF graduates often find roles in corporate finance, helping large corporations make strategic financial decisions, manage capital, and evaluate investment opportunities. These roles may include financial analysts, finance managers, or CFO positions.
  • Risk Management: With a focus on risk analysis and management within the program, graduates are well-prepared for careers in risk assessment and management in banks, insurance companies, or other financial institutions.
  • Financial Analysis: Positions as financial analysts are common, involving tasks such as financial statement analysis, valuation, and market research. These roles can be found in both financial institutions and corporations.
  • Private Equity and Venture Capital: Graduates may pursue opportunities in private equity and venture capital firms, where they assess investment opportunities, conduct due diligence, and manage investment portfolios.

Eligibility Criteria for MAF at SMU

  • Bachelor’s Degree
  • GMAT / GRE / SMU Admissions Test
  • TOEFL / IELTS (if the medium of instruction of your undergraduate studies was not in English)

Documents required : MAF at SMU

  • Online Application: Students have to submit an online application form at the official website.
  • Application Fee: Students need to submit their application fees.
  • Statement of Purpose: Reasons or intentions for pursuing studies in this program, including a description of prior experience.
  • 3 Letters of Recommendation: Three letters of recommendation are required; one letter must come from an academic source, although Stanford prefers at least two. Recommendations must be submitted online. 
  • Official GRE Test Scores: Students have to submit their GRE Test Scores.
  • ELP Scores: Students have to submit their English language proficiency scores like IELTS, TOEFL, or other test scores.

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Scholarships Available : MAF at SMU

The Master of Applied Finance (MAF) program at SMU offers several scholarships to support and motivate outstanding students pursuing their postgraduate studies. Here are the scholarships available for the MAF program at SMU:

AGL Irudayaraj Scholarship:

  • Established by Professor Gerard George (Donor) and his wife Mrs. Hema George in honor of Mr. AGL Irudayaraj.
  • Designed to motivate outstanding postgraduates of Indian ethnicity at SMU to excel academically.
  • Selection criteria include interview performance, an essay describing leadership experience, community involvement, and financial need (if any), as well as academic excellence.

Academic Excellence Award:

  • Offered to high-quality candidates with exceptional academic performance.
  • Award tiers based on GMAT score:
  • Tier One: GMAT of 720 or above and outstanding academic achievement.
  • Tier Two: GMAT of 700 or above and outstanding academic achievement.

Global Awareness Award:

  • Aimed at candidates who contribute to classroom diversity and enhance the learning experience through their cultural, personal, or professional backgrounds.

Leadership Award:

  • Recognizes individuals with outstanding leadership potential demonstrated during their studies, in their community, or within their organization.
  • Assessment includes interview performance, an essay explaining why the applicant considers themselves a leader, and recognition of leadership qualities in the workplace or during student days.

Community Impact Award:

  • Acknowledges candidates who have made a positive impact on society through outstanding community work, such as volunteerism, social and non-paid work.
  • Selection criteria include interview performance, an essay sharing an example of community impact, and consideration of the frequency and reach of community work, along with awards and recognition.

Specializations & Electives Offered

 

Financial Data Science

Machine Learning & Financial Application

Quantitative Trading Strategies

Fintech for Finance

Financial Analytics & Innovation

 

Sustainable Finance & Alternative Investments

Structured Products

Hedge Funds

PE & VC Investing

Advanced Corporate Finance

Bank Risk Management

Investment Advisory and Wealth Management

Financial Modelling

Real Estate Investments & Finance

Analytics in Finance & Real Estate

Project & Infrastructure Financing

Real Estate Valuation & Taxation​

FAQs about MAF at SMU

The MAF program is a Master of Science in Applied Finance offered by the Lee Kong Chian School of Business at Singapore Management University (SMU). It’s a career-oriented program designed to equip you with the knowledge and skills to succeed in the finance industry.

Yes, the MAF program offers internship opportunities during the final term. This is a great chance to gain practical experience in the finance industry.

Admission requirements typically include a bachelor’s degree in a relevant field, strong academic performance, work experience (may vary), and a good GMAT score.

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