URL Path for Pages
master-applied-finance/admissions
Admission cycle for Aug 2024 intake will commence in September. APPLY NOW
MAF Part-Time / Full-Time
The total fees as follows:
| Application Fee | Registration Fee* | Tuition Fee |
| S$100 (incl. GST) | S$400 (incl. GST) - (Singaporean and PR) S$500 (incl. GST) - (International Applicants) | S$50,760 (incl. GST) |
*Payment for the registration fee is made upon the acceptance of offer. An advance fee of S$5,000 is also required for acceptance of an offer, which forms part of the full tuition fee.
The remaining tuition fee is paid over three equal billings over the duration of the programme. The fees are due and payable within 30 days of the billing.
For the avoidance of doubt, the Deposit shall form part of the total tuition fees for the MAF programme and SMU will not refund the Deposit should a student withdraw from the MAF programme at any time after accepting the offer.
Please note that the programme fees are subject to change without prior notice.
Goods and Services Tax (GST) is a tax collected on behalf of Singapore Government and will be charged at the prevailing rate.
To learn more about our programmes, please explore our online resources and attend our upcoming virtual talks and webinars. If you have any questions or uncertainties, feel free to connect with us at maf@smu.edu.sg .
You will receive an email from SMU informing you to check your Statment of Account via the OASIS system once billing has been processed. If you did not receive this email, kindly check with your programme administrator.
Please make sure that your inbox has sufficient space to receive these communications.
We accept cheque or credit card payments.
Payment by Cheque
Please issue the cheque payable to 'Singapore Management University'. Write your name, programme, and mobile number clearly on the back of your cheque.
You may mail or submit your cheque personally to our Office of Finance.
SMU Administration Building
Level 12, Office of Finance
81 Victoria Street
Singapore 188065
Payment by Credit Card
Please fill in the credit card payment form and fax it to Office of Finance at 6828 0220.
Yes. If you are paying with multiple cards, please complete more than one form and indicate the amount clearly on the form.
If fees are not paid, or only partially paid by the payment due date as communicated to you by SMU, a late payment penalty charge of S$100 will be imposed.
Admission cycle for Aug 2024 intake will commence in September. APPLY NOW
INTERNATIONAL STUDENTS
We welcome international students to apply for the MAF programme. Applicants must show proficiency in the English language. Applicants whose medium of instruction in their undergraduate studies was not English must sit for either TOEFL or IELTS .
International students must possess a valid student's pass to be able to study at SMU. SMU will assist in the application of student passes for all international students studying full-time in SMU.
LIVING EXPENSES IN SINGAPORE FOR INTERNATIONAL STUDENTS
The living costs you incur will depend on your lifestyle. An international student may expect to incur the following per month:
| Accommodation | Meals | Transportation | Miscellaneous |
| S$400 – S$2,000 | S$300 – S$500 | S$150 – S$300 | S$500 – S$1,500 |
ACCOMMODATION
International students are encouraged to secure their own accommodation in Singapore before arrival. The SMU campus is conveniently located in the city and is well-served by public transport. You may refer to our Student Life page for more information on accommodation.
Admission cycle for Aug 2024 intake will commence in September. APPLY NOW
Scholarships, Financial Aid & Discounts
AGL Irudayaraj Scholarship* | Academic Excellence | Global Awareness | Leadership Potential* | Community Impact* | Impact on Asia* | Women in Business* | Mapletree Postgraduate Scholarship*
* Denotes Scholarships that students can apply for upon admissions into the programme
Students may apply for our SMU MAF Programme Scholarships upon admission. These scholarships have no bonds attached.
Mapletree Postgraduate Scholarship*
The Mapletree Postgraduate Scholarship is funded by a donation from Mapletree, made for the purpose of education and towards enhancing the Mapletree Real Estate Programme at the Lee Kong Chian School of Business. Scholarship awardees must complete the Real Estate track within the MAF programme.
The Admissions Scholarship Committee will assess the following:
1) Interview Performance
2) Essay: “In 600 words, explain why you should receive the Mapletree Postgraduate Scholarship. You should elaborate on your interest in real estate, relevant career plans, and past or current exposure to the industry if any"
AGL Irudayaraj Scholarship*
The AGL Irudayaraj Scholarship is established by Professor Gerard George (Donor), Dean at the Lee Kong Chian School of Business at SMU, and his wife Mrs. Hema George. The Scholarship is named in honour of Professor George’s father-in-law who passed away in 2018. Mr AGL Irudayaraj was an entrepreneur and a champion for underprivileged Tamil Christian minorities in India, helping them in his own big and small ways. The scholarship is a tribute to his kind, selfless and enduring efforts in helping others towards a better life.
The purpose of the AGL Irudayaraj Scholarship is to motivate outstanding postgraduates of Indian ethnicity at the University to greater heights of academic excellence.
The Admissions Scholarship Committee will assess the following:
1) Interview Performance
2) Essay: “Please describe in 500 words why you should receive the AGL Irudayaraj Scholarship. You should elaborate on your leadership experience, community involvement and financial need, if any."
Academic Excellence
The SMU MAF will offer the Academic Excellence Award to high-quality candidates with exceptional academic performance. Awards are based on academic merit, final grades and GMAT score.
- Tier One: Awardees must have achieved a GMAT of 720 or above.
- Tier Two: Awardees must have achieved a GMAT of 700 or above.
Global Awareness
SMU MAF Programme is committed to crafting a very diverse and global academic environment that will contribute to the student’s personal and professional journey.
The Global Awareness Award is given to individuals who will contribute to the class room diversity and enrich the learning experience of students by way of cultural, personal or professional backgrounds.
Leadership Potential*
The SMU MAF Programme recognises individuals with strong leadership potential who have exhibited outstanding leadership potential during their studies, community or organization with a Leadership Potential Award. Applicants must demo strate strong leadership potential in personal and professional instances.
The Admissions Scholarship Committee will assess the following:
1) Interview Performance
2) Essay: “Please explain in 500 words why you consider yourself a leader"
3) 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.
Community Impact*
The SMU MAF Programme nurtures keen minds profoundedly committed to leave a positive impact on their community. The "Community Impact Award" recognizes individuals who have contributed to society through outstanding community work (e.g. voluntarism, social, non-paid work, etc.) and have impacted through their actions members of their community/society in a positive manner.
The Admissions Scholarship Committee will assess the following:
1) Interview Performance
2) Essay: “Please share an example of how you have impacted your greater community and what you think is the best way to serve society"
3) Impact of Community Work: Frequency and Reach. Awards and Recognitions or notable achievements will be considered.
Impact on Asia*
The SMU MAF 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:
1) Interview Performance
2) 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."
3) Impact: reach of impact, entrepreneurial projects, awards and helping the increased awareness of Asia will be taken into consideration.
Women in Business*
The SMU MAF aims to recognise exceptional women with the “Women in Business” Award, those 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:
1) Interview Performance
2) Essay: “Please explain in 500 words why you should be awarded with the Women in Business Scholarship”.
3) 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.
For enquiries, please contact our team at maf@smu.edu.sg.
MAS administers the Finance Scholarship Programme, which seeks to develop a pipeline of specialist leaders in targeted fields such as quantitative finance, risk management, actuarial science and applied finance. It comprises two tracks, the company and individual tracks where MAS co-funds with Singapore-based financial institutions or outstanding individuals to enable Singaporeans to pursue the best specialist postgraduate education at a world-renowned university. Upon graduation, scholars will play a pivotal role as an expert in their chosen area of specialization in a Singapore-based financial institution. Becoming leaders in the industry, they will contribute to the growth of Singapore’s financial sector.
To find out more regarding the Finance Scholarship Programme, please refer here.
This loan carries a low interest rate of 3.02% p.a. For more information, please call 6333 7777.
For enquiry, please contact:
Yvonne Tan
Contact details: 9646 8808 / (65) 6661 2157
Email:Yvonnesg.tan@cimb.com
This study assistance loan carries an interest rate of 4.60% p.a. For more information please call 6333 0033.
The application must be with a joint applicant who is a Singaporean or Singapore PR.
For enquiry, please contact:
Cheong Yu Shan / Sandy Chenxu,
Direct Sales Management, Community Financial Services
DID: (65) 9691 5134 / 9221 5148
Email: yscheong@maybank.com.sg / wpchenxu@maybank.com.sg
For more information please call +65 6595 9723.
For enquiry, please contact:
Jessica Tay, Senior Personal Relationship Banker, Retail Banking
Mobile: +65 9857 9631
Email: jessica.tay@rhbgroup.com
For more information please call 1 800 363 3333.
SBI provides student loans exclusively for students from India who have secured admission in selected educational institutions for higher studies in Singapore. Your loan is secured against a Standby Letter of Credit (SBLC) issued by SBI branch in India, backed by mortgage of property or cash deposits in India.
Please address all your queries on this matter directly to
studentloan@sbising.com.
Admission cycle for Aug 2024 intake will commence in September. APPLY NOW
APPLYING ONLINE
Please read the sections How to Apply and Applicant's Guide to Admission before making your application online.
For New Applicant
You need to first register for an account with SMU before you can submit an online application form. Click on "Create New Account" below to proceed.
For Existing Applicant
If you have already created an account with SMU, please go directly to the Login page to continue with your application.
For Existing Applicant
(Account created before 7 November 2022)
SMU has launched a new application portal on 7 November 2022. If you have already created an account with SMU before that, you can continue with your application using the Login button below.
Admission cycle for Aug 2024 intake will commence in September. APPLY NOW
Application Period
| INTAKE | APPLICATION DURATION |
| Aug 2023 | Online application has started! |
General Instructions
Please read the following 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 record. Please complete the application form accordingly and attach copies of the documents as instructed. Your application will only be processed when we have received all the documents and payment.
Completing the Online Application Form
Proceed here to start your online application now.
While filling in your application, take note that you will be required to submit the following:
- Current Resume (in PDF or Microsoft Word Document format)
- One Personal Statement (in PDF or Microsoft Word Document format):
- Copy of NRIC / FIN / Passport (in PDF or JPEG format)
- Two Referee Reports (Email will be sent to your referees via the Online Portal when you submit your application successfully.)
Personal Statement Question (in approximately 500-600 words):
Explain your career and personal aspirations, and your motivation for pursuing the MSc in Applied Finance (MAF) programme.
After Submitting Your Application
Once you have submitted your Online Application, EMAIL the following documents to our Admissions Team at maf@smu.edu.sg:
- Photograph (please submit online using the Applicant’s Self-Service Functions – see below)
- Official GMAT/GRE Scores & Report (if available) - See below for more information.
- Applicants may take the SMU Admissions Test in place of a GMAT or GRE. Download this factsheet to learn more about the SMU Admissions Test.
- Official IELTS/TOEFL Score (required if the medium of undergraduate studies was not done in English language)
- Certified True Copies of Degree Scroll and Academic Transcripts
- Certified True Copies of CFA / ACCA certificates (if any)
Be sure to indicate your Full Name and Application Number on the Email Title.
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 GMAT or GRE, you may first submit your online application and arrange for the test to be taken as soon as possible. Do include the date of your test as well.
- SMU UG Alumni with cumulative GPAs of 3.40 or better, and Non-SMU candidates local Autonomous Universities (NUS, NTU, SMU, SUSS, SUTD, SIT) with cumulative GPAs of 3.50 or better will not require a GMAT or GRE score for admissions. An undergraduate GPA is valid for 5 years after graduation. Speak with your Admissions Manager to find out more.
Shortlisted candidates will be invited for an interview.
Admissions Test & Score Reports
An Admission Test is required for admission to the MQF programme. You may choose to take the GMAT (Graduate Management Admission Test)/ GRE (Graduate Record Examinations General Test), or the SMU Admission Test. If you have taken the GMAT or GRE, it must be taken within the last five years at the time of submitting your application.
Applicants are strongly encouraged to attempt the SMU Admission Test if they do not have a GMAT/GRE Score Report. Details of this test will be provided to applicants who submitted their applications successfully.
For more information about the SMU Admissions Test, please click here.
Students who did not attempt their undergraduate studies in English are required to attempt the IELTS (International English Language Testing System) and TOEFL (Test of English as a Foreign Language). It must be taken within the last two years at the time of submitting your application.
For all the abovementioned tests, you may first email the unofficial score to the Admissions Team while requesting for the test centre to send the official score to SMU.
Official Score Reports can be sent via the following Institution Codes:
| TESTS | INSTITUTION CODES |
| GMAT: | F8D-7V-27 |
| GRE: | 5757 (Department Code: 4102) |
| TOEFL: | 9014 (Department Code: 82) |
Referee Reports
Two referee reports are required for admission to the MAF programme, and can be submitted online via the Application Portal.
Alternatively, your referees may submit their recommendations via the PDF version (download here), or via recommendation letters delivered to SMU by hardcopy or email.
Of the two personal references, one should typically be from a current or previous employer, a colleague, or someone else who knows you well at work; the other referee could be someone who taught you at university or college, or another person who knows you in a professional capacity.
APPLICATION FEE
Applications received without the application fees will not be processed. Payment for the application fee can be made via credit card (VISA or MasterCard) when submitting your application.
Please call (+65) 6828 0663 for your receipt (quote your name, the course and your online application number).
Applicant Self Service
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 MAF programme, please deposit your resume here and we will contact you shortly.
