Programm Course Name
MSc in Wealth Management (MWM)
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12-
month duration
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S$65,400
Tuition fee (Inclusive of GST)
Goods and Services Tax (GST) is a tax collected on behalf of the Singapore Government and will be charged at the prevailing rate
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APPLICATION CLOSES
May (July/August intake)
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PRE-REQUISITE
Bachelor's Degree
GMAT / GRE / SMU Admissions Test
TOEFL / IELTS (if the medium of instruction of your undergraduate studies was not English) -
WORKING EXPERIENCE
Minimum post-degree work experience of 2 years (waived for applicants who have passed CFA Level 1)
About the Master of Science In Wealth Management (MWM)
The Master of Science in Wealth Management (MWM) is ranked first in Asia and third in the world by the Financial Times in its 2022 Masters in Finance post-experience ranking. It incorporates a unique overseas experience in Switzerland and United States, where you learn from top practitioners and academics, and are hosted by leading financial institutions who support this global programme.
Why pursue the MWM?
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1
Industry relevance with an Asian focus
Benefit from a progressive curriculum, constantly reviewed to reflect industry standards, as well as the knowledge and expertise of luminary industry professionals.
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2
First in Asia, Third in the world
Find value in Asia’s most established Wealth Management masters ranked 1st in Asia and 3rd in the world by the Financial Times (FT) 2022 ranking Masters in Finance post-experience ranking.
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3
Tri-continental study experience
Develop a global outlook with study stints in Singapore (SMU), United States of America (The Wharton School of Management) and Switzerland (University of St.Gallen).
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4
Accelerate growth and widen horizons
Expand your network and stay connected through relevant internships and career placements with established companies and financial institutions. Leverage the MWM Alumni Group's vibrant and supportive community, which offers meaningful connections, mentorships, and opportunities for growth.
Class Profile
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Gender12 : 13
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Average Age31
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International Students68%
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Nationalities16
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Average Years of Work Experience6.6
Testimonials
Angela Koh
Executive Director, UBS
Class of 2019
Class of 2019
Xu Jing
Senior Vice President, DBS Treasures Private Client
Class of 2019
Class of 2019
Industries that MWM Graduates Work In
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Audit / Accounting4%
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Financial Services (Banks)51%
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Financial Services (Asset/Investment Management)19%
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Financial Services (Others)11%
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Technology7%
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Others8%
Programme Details
Programme Calendar
The programme comprises of five study blocks where classes will be conducted on Wednesday evenings, Fridays, Saturdays and Sundays. Students are required to attend an overseas segment at University of St. Gallen (HSG) and Wharton School of the University of Pennsylvania for two consecutive weeks during the fourth study block.
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Jul |
Aug |
Oct |
Jan |
Mar |
Apr-May |
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Prepatory Modules |
Study Block I |
Study Block II |
Study Block III |
Study Block IV |
Study Block V |
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Internship*** |
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Study Trip |
Role-play |
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Jul |
Aug |
Oct |
Jan |
Mar |
Apr- |
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Prepatory Modules |
Stuidy Block I |
Study Block II |
Study Block III |
Study |
Study Block V |
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Internship*** |
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Study Trip |
Role-play |
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The graduation requirement is 15 Credit Units (CUs) and a minimum CGPA of 2.5. The core curriculum consists of 15 CUs.
*The programme reserves the right to amend as deemed appropriate and dates are subject to change
**Partner universities are subject to change
***Internship is optional and can be done any time during the period of study
Programme Information
MWM offers a specialised curriculum in global wealth management with an Asian focus. It is the first MSc in Wealth Management programme in Asia and is completed within 12 months. You will undergo a preparatory module designed to prepare you before the first study block, and the programme will culminate in the completion of an individual project on a research topic of your choosing.
Upon successful completion of the programme, you will be awarded a Master’s degree by SMU and certificates from eminent universities in Switzerland and USA. The programme is delivered by experienced faculty made up of senior academics with industry experience and successful wealth professionals with academic exposure. Classroom learning is complemented by case studies, team activities, pre-course assignments, computer-aided learning, simulations, industry talks, site visits and field trips. The programme’s modular structure allows you to meet your professional and personal obligations while pursuing an academic degree.
Scholarships are available based on merit for selected participants and you will have the opportunity upon application to intern in various financial institutes during a one-year period. This programme is recognised by the CFA Institute and CAIA as a collaborative partner.
Preparatory Modules
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Jul Prep & Induction |
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Jul Prep & Induction |
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Core Modules
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Aug Study Block I |
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Oct Study Block II |
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Jan Study Block III |
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Mar - Apr Study Block IV |
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May - Jun Study Block V |
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Aug Study Block I |
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Oct Study Block II |
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Jan Study Block III |
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Mar - Apr Study Block IV |
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May - Jun Study Block V |
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University of St. Gallen: Market Specialisation: Landscape of Swiss PB and Cross Banking (4); Family Business & Family Office (6); Wealth Planning (6); Visit to Sovereign Wealth Fund (4); 2 CUs Wharton School: Commodities (3); Advanced Asset Management (3); Behavioural Finance (3); Real Estate (3); Visit to Fund Manager (2); 1 CU
*The programme reserves the right to amend as deemed appropriate
If you do not have a background in wealth management, you will be encouraged to take up internships. Our Postgraduate Career Services will assist you as far as possible to secure placements.
- A number of corporations are offering to host potential candidates as interns in their respective organisations for different durations, ranging from three months to the entire length of the 12-month programme.
- The exact number of internships will vary over time.
- If you are keen to participate in the internship scheme, you must indicate your interest in your application form.
- Terms and conditions apply specifically for each internship. The sponsoring corporations generally determine these terms and conditions.
It is envisaged that internships will incorporate some or all of the following activities:
- Exposure to different aspects of wealth management
- Briefings and tours of departments
- Brief assignments during rotations through departments
- Attachment to a senior officer as mentor
Companies that have offered internships to our students include ABN AMRO, APS Asset Management, Bank Julius Bär, Bank of Singapore, BNP Paribas Private Bank, Capital International, Citi Private Bank, DBS, Deutsche Bank Private Wealth Management, GIC, HSBC Private Bank, Lion Capital, Morgan Stanley, NTUC Income, OCBC Bank, Pioneer Investment Management, Standard Chartered Bank, State Street Global Advisors, Temasek, UBS AG, UOB Asset Management and United Overseas Bank.
Events
How to Apply
Application Period
| INTAKE | APPLICATION DEADLINE |
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August 2024 |
Now to end-May 2024 (Admissions are awarded on a rolling basis) |
Please read the instructions carefully before completing your application. Supplementary instructions are given in each section of the application form. Once you have completed the form, we suggest you keep a copy for your records. Your application will only be processed when we have received all the documents and payment.
- At least 2 years of working experience in any industry (post-bachelor degree)
Waived for applicants who have passed CFA Level 1. - Good undergraduate degree (in any field)
- Candidates who are keen to stay at the frontier of global investing and have a passion for a career in wealth management.
- A good GMAT (try a GMAT mini quiz) / GRE / *SMU Admissions Test (SMUAT) score (click here to view the SMUAT Factsheet)
- A valid TOEFL / IELTS score is required if the medium of instruction of your undergraduate studies was not English.
- An updated Resume
- Your official academic transcripts of all educational institutions attended.
- Certified True Copies of CFA / ACCA certificates (if any)
- 2 Personal Statements (approximately 500-600 words each) on the following topics:
- Explain your career and personal aspirations, and your motivation for pursuing the MSc in Wealth Management (MWM) programme.
- Discuss one of the following topics:
- Describe your greatest weakness and how you have tried to overcome it.
- Describe your outstanding talents, skills and inherent abilities that are not reflected in your academic qualifications and records.
- 2 Referee Reports - Submit 2 complete sets of referee details during the online process of applying for the SMU MWM. The application portal will automatically send an email to your referees and collect your recommendation forms on your behalf once you have submitted the application.
- Copy of NRIC/FIN/Passport (in PDF or JPEG format.
- Any other supporting documents.
* SMU UG Alumni with cumulative GPAs of 3.40 or better, and non-SMU candidates from local Autonomous Universities (NUS, NTU, SMU, SUSS, SUTD and SIT) with cumulative GPAs of 3.50 or better will not require a GMAT or GRE score for admission. An undergraduate GPA is valid for five years after graduation. Contact our Admissions Advisor to find out more.
After Submitting Your Application
The Admissions Team will follow up with your application within 3-5 working days. More information on how to practice and sit for the SMU Admissions Test will be provided during this time.
Important Notes:
- Verification of original documents is required upon matriculation into the programme. Failing to do so may result in applicants having to withdraw from the programme.
- If you have not taken the SMU Admissions Test/GMAT/GRE, you may first submit your online application and arrange for the test to be taken as soon as possible.
- Shortlisted candidates will be invited for an online interview within two weeks of the application.
Once you have submitted your application and have received the application number confirmation email, you can use the Applicant Self Service functions to check your application status or update your contact information.
Please refer to the Applicant's Self Service Guide.
Want to Know If You are Eligible for the Programme?
If you would like us to assess your suitability for the MWM programme, please contact our Admissions Advisor and we will contact you within three working days.
Programme Fees
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Application Fee* |
Registration / Advance Tuition Fee* |
Tuition Fees |
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S$100 inclusive of GST |
Amount payable upon acceptance to the programme. The registration fee covers matriculation, examination fees, orientation activities, library and computer account. |
S$65,400 (inclusive of GST)
Fees are subject to change from year to year |
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Application Fee* |
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S$100 inclusive of GST |
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Registration Fee* |
Amount payable upon acceptance to the programme |
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Tuition Fees for AY 2024 |
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S$65,400 (inclusive of GST)
Fees are subject to change from year to year |
*All fees are non-refundable and non-transferable. The Advance Tuition fee of S$7,000 will contribute to the first billing of the tuition fee. The remaining tuition fees would be payable over 3 billings, over the duration of the programme. The tuition fee does not include meals, air travel, travel insurance, living and accommodation expenses incurred for the overseas exchange. Singapore Management University reserves the right to alter tuition and other fees as deemed appropriate. SMU alumni will be entitled to a S$5,000 discount off the tuition fee. 9% GST of the discounted tuition fee will apply.
*Goods and Services Tax (GST) is a tax collected on behalf of the Singapore Government and will be charged at the prevailing rate.
BILLING SCHEDULE
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Billing |
Payment Schedule |
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S$7,000 |
At Admission |
| Remaining Tuition Fees | Start of Programme |
| By the 4th Month | |
| By the 7th Month |
Scholarships and Financial Aid
Academic Excellence | Global Awareness | Leadership* | Impact on Asia* | Women in Business*
* Denotes scholarships that students can apply for upon admissions into the programme.
These scholarships entail award amounts up to 30% of the tuition fee, with no bonds attached.
The SMU MWM will offer the Academic Excellence Award to high-quality candidates with exceptional academic performance. Awards are based on academic merit, final grades and admissions test score.
- Tier One: Awardees must have achieved an excellent admissions test score* (equivalent to GMAT score of 700 and above) and have demonstrated outstanding academic achievement.
- Tier Two: Awardees must have achieved an excellent admissions test score* (equivalent to GMAT score of 680 and above) and have demonstrated outstanding academic achievement.
*One of two standardised tests: SMU Admissions Test or GMAT
The SMU MWM programme is committed to crafting a very diverse and global academic environment that will contribute to your personal and professional journey.
The Global Awareness Award is given to individuals who will contribute to classroom diversity and enrich the learning experience of students by way of their cultural, personal or professional backgrounds.
With the Leadership Award, the SMU MWM programme recognises individuals with strong leadership capabilities who have exhibited outstanding leadership capabilities and potential during their studies, community or organisation. Applicants must demonstrate strong leadership potential in personal and professional instances.
The Admissions Scholarship Committee will assess the following:
- Interview Performance
- Essay: “Please explain in 500 words why you consider yourself a leader"
- Leadership quality recognition such as:
- In the workplace: demonstrated career progression, line management progression, professional recognition such as awards, project success and team leadership
- Leadership qualities during student days: e.g. Chairperson of an interest group, class representation, etc.
- Attainment of any non-academic awards and scholarships.
The SMU MWM is creating a significant impact in Singapore, extending now to Asia. We look forward to welcoming students who can demonstrate achievements in their professional, social and personal life that have created an impact on Asia, such as:
- Professional development or personal projects that have contributed positively to Asian regions or companies.
- Entrepreneurial projects with an Asian focus.
- Increased the awareness of Asia in other locations.
The Admissions Scholarship Committee will assess the following:
- Interview Performance
- Essay: “Please explain in 500 words the professional development, entrepreneurial or personal projects of an Asian focus, that have contributed positively to Asian regions or companies or have increased awareness of Asia in other locations."
- Impact: reach of impact, entrepreneurial projects, awards and helping the increased awareness of Asia will be taken into consideration.
With the Women in Business Award, the SMU MWM aims to recognise exceptional women who have demonstrated outstanding leadership capabilities or potential in their professional or personal endeavours. Applicants must have successfully received an admissions offer.
The Admissions Scholarship Committee will assess the following:
- Interview Performance
- Essay: “Please explain in 500 words why you should be awarded with the Women in Business Scholarship”.
- Leadership quality recognition such as:
- In the workplace: demonstrated career progression, line management progression, professional recognition such as awards, project success and team leadership.
- Leadership qualities during student days: e.g. Chairperson of an interest group, class representation, etc.
- Attainment of any non-academic awards and scholarships.
The SMU MWM is committed to building a pipeline of mid-career financial professionals from private banks. The MWM Talent Development Scholarship is awarded to eligible individuals who are currently working for a private bank or related financial institution with at least 5 years of financial/wealth management experiences.
MWM Tuition fees: $60,000 (before GST)[1] ; $65,400 (after GST)
MWMTD Scholarship quantum: $18,000 (inclusive of GST)
Terms & Conditions of the Scholarship:
- Bond free
- All application documents must be submitted to Singapore Management University by the application deadline, and successful candidates must matriculate and start the MWM in the same applied intake.
- No deferment, withdrawal, leave of absence during the one-year study is allowed.
Candidates are automatically submitted for consideration for MWMTD scholarship upon meeting the scholarship and application criteria. Scholarship is awarded on a highly selective and competitive basis.
[1] Exclude accommodation, airfare and living expenses during the 2-week overseas study block in Switzerland and USA.
Estimated SGD$5,000 (inclusive of GST) required for these expenses.
Fees Illustration
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Scenario A |
Scenario B |
Scenario C |
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Full Tuition Fee (excluding GST) |
S$60,000 |
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Corporate Partner Discount* |
$12,000 |
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| Corporate Partner Discount** |
S$9,000 |
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| Alumni Discount or Referral Discount*** |
S$5,000 |
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MWMTD Scholarship |
S$18,000 |
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Effective Fees (including GST) |
S$34,320 |
S$37,590 |
S$41,950 |
* If 2 or more company-sponsored (fully / partially) candidates from the same organisation are enrolling in the same intake, each will enjoy a 20% discount.
** If a company which has previously sponsored (fully/partially) an employee, and the same company is sponsoring (fully/partially) another employee into the programme at a subsequent intake, that employee will enjoy a 15% discount off the total tuition fee.
*** Graduates from SMU undergraduate or postgraduate programmes are eligible to obtain a S$5,000 discount when applying to the MWM programme. Alternatively, candidates with a referee report completed by a SMU student/alumni during application, in accordance with the admissions criteria, are eligible to obtain a S$5,000 discount when applying to the MWM programme.
IBF-STS funding will range from $17,000^ to $19,000^ for Singapore Citizens and Singapore PRs who have successfully completed the SMU MWM programme. Eligible students will receive the funding as a reduction to their third billing of tuition fees.
^ The fees are subjected to prevailing conditions and requirements as set by Institute of Banking and Finance. Singapore Management University reserves the right to amend as deem appropriate.
Not applicable
Alumni Discount
SMU is committed to lifelong learning. SMU alumni are eligible for a $5,000 discount.
Referral Discount
Candidates with a referee report completed by a student / alumni of SMU, in accordance with the admissions criteria, are automatically eligible to obtain a $5,000 discount of the total tuition fee.
If two or more company-sponsored (fully/partially) candidates from the same organisation are enrolling in the same intake, each will enjoy a S$12,000 discount.
If a company that has previously sponsored (fully/partially) an employee sponsors (fully/partially) another employee into the programme at a subsequent intake, that employee will enjoy a S$9,000 discount of the total tuition fee.
Established in honour of Singapore's former Prime Minister Mr Lee Kuan Yew, this Scholarship is Admissions - Scholarships synonymous with prestige and a commitment to serve Singapore. It recognises outstanding individuals with strong academic aptitude and the inclination to serve and contribute to the Singapore society at large.
Eligibility criteria:
- A Singapore citizen with at least a Second Upper Honours Degree or equivalent Degree
- Excellent track record of leadership and service within or beyond applicant's profession
You have the option to pursue a Master's or PhD Programme at local or overseas universities. There is no restriction on the course of study.
Applicants who wish to pursue a Master's Programme in General Management should preferably have at least four years of working experience. Public Officers are required to submit their applications through Chief Executive Officers or Permanent Secretaries.
In addition to the one-off sum of S$10,000, private sector awardees will receive an annual allowance of S$50,000, while public sector awardees will receive S$10,000 if they are concurrently sponsored by their organisations.
For more information and application form/procedures, please click here: Lee Kuan Yew Scholarship.
- A number of corporations have scholarships available for their own staff. Potential candidates from these companies should check with their HR departments.
- A number of 'open' scholarships are available to potential candidates on a competitive basis. Interested candidates must indicate their interest in their application forms. Scholarship decisions will be made after students have been admitted to the programme.
- Scholarships may defray-partial or in full the tuition fee of the candidate.
- Terms and conditions may apply specifically for each scholarship. The sponsoring corporations generally determine these terms and conditions.
FAQ
FAQ
The curriculum is designed in consultation with the wealth management industry. A number of companies and private banks regularly provide invaluable professional advice and input. SMU is responsible for the academic content, teaching, facilities, resources and quality of the MSc in Wealth Management for the Singapore components; while eminent unversities in Switzerland and USA manage the overseas study blocks.
The delivery methods include case studies, pre-course assignments, computer-aided learning and simulations, as well as evening talks, site visits and field trips. There are overseas study blocks conducted by eminent unversities in Switzerland and USA. There will be site visits and field trips to private banks.
Beyond the classroom, there are internship opportunities with asset management firms or private banks where participants will gain practical exposure to the wealth management industry.
This is an academic programme with ample professional content. To ensure there is breadth and depth, the faculty will comprise academically-competent teachers from SMU who have had exposure to professional investment management, and industry professionals with an academic bent.
A typical class has participants from China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Thailand, US and Europe.
A1 Applicants will require a good university degree, and two or more years of working experience in any industry. For applicants with less than two years of working experience, preference will be given to those who attain a pass in the Chartered Financial Analysts (CFA) Level 1 examination. An admissions test (GMAT/GRE/ SMU Admissions Test) is a compulsory requirement for admission to this programme. All shortlisted candidates need to go through panel interview by the Admissions Committee.
We look for candidates who have the potential to be successful in the wealth management industry. The Admissions Committee adopts a holistic approach in selecting candidates. Your work experience, past performance, first degree, admissions test score, and your drive and motivation will be taken into consideration.
We have not set a minimum GMAT/GRE score. We adopt a holistic approach to applications for admission to this programme.
Yes, you can retake GMAT/GRE but retaking the test is only recommended if you believe you have under-performed significantly at the first attempt. However, please be well prepared before you go for your GMAT/GRE test as both can only be taken once a month.
If the rest of your application is completed, you can send it to us, even if you have not taken the GMAT /GRE . You should send us your unofficial score as soon as you receive it and arrange with the test centre for the official score report to be sent to SMU. SMU GMAT institution code is F8D-7V-34 and the GRE institution code is 5757.
Applicants are allowed to take the SMU Admissions Test as an alternative to the GMAT or GRE. For more details on the SMU Admissions Test, please write to your Admissions Advisor at mwm@smu.edu.sg.
GMAT/GRE score is valid for 5 years after the test date.
The list below is a sample list of companies which have hired our students:
- ABN AMRO
- APS Asset Management
- BNP Paribas Private Bank
- Capital International
- DBS
- Deutsche Bank Private Wealth Management
- Fortis Private Banking Singapore
- Government of Singapore Investment Corporation
- HSBC Private Bank
- Morgan Stanley
- NTUC Income
- OCBC Bank
- Pioneer Investment Management
- State Street Global Advisors
- Temasek Holdings
- The Citigroup Private Bank
- UBS AG
- UOB Asset Management
According to our statistics, more than 85% of our graduates have managed to move successfully to financial industry.
We encourage students to take up internships during their course of study. Our Office of Career Services organises career fairs and networking sessions throughout the year, and job postings are emailed to students regularly.
SMU will apply for the entry visa and student pass for international students. We will send you the in-principle approval letter for your entry into Singapore when we receive it from the Immigration and Checkpoints Authority (ICA).
A medical examination is required for all student pass applicants. If you are a new applicant and not in Singapore, the medical examination can either be done in your home country or in Singapore by a qualified doctor. The doctor must record and certify the results of the medical examination in the designated medical report form. The medical report should not be issued more than 3 months from the submission date of your application. You may download a copy of the medical form here.
SMU has an accommodation@Havelock where postgraduate students may consider renting it.
There is a number of privately-managed student hostels near SMU.
If you prefer to reside in private apartments, you may want to engage the serviceof a property agent to help you find an apartment. There will be an agent’s fee for the service rendered. Usually the lease will be for a period of at least one year.
Yes. Students have to surrender their student's pass for cancellation at the Student's Pass Unit, 4th floor, ICA Building, or at the checkpoints when departing Singapore.
When you cancel your Student’s Pass at ICA, you will be granted a short stay of about 2 weeks in Singapore. If you would like to have a longer stay to look for jobs upon completion of the programme, you may wish to submit an application for one-year (non-renewable) long term social visit pass at the Social Visit Pass Unit for consideration.
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