MSc – Wealth Management
The Master of Science in Wealth Management (MWM) is ranked first in Asia and third in the world by Financial Times in its 2015 Masters in Finance post-experience ranking. It incorporates a unique overseas experience in Switerland and United States where you learn from top practitioners and academics of the Swiss Finance Institute(SFI) and Yale School of Management(SOM) and be hosted by leading financial institutions who support this global programme.
MWM is a 12-month full-time programme designed to meet the needs of both aspiring and seasoned wealth managers who wish to deepen their skills, knowledge and expertise. The modular structure allows professionals to pursue a Master’s degree while working; those without wealth management experience can embark on an internship to enhance their employability.The programme’s curriculum has also incorporated the relevant examination and certification for private banking.
Upon completion of MWM, the individual will receive a Master’s degree by SMU, be certificated by SFI and Yale SOM, complete Singapore’s Client Advisory and Competency Standards(CACS) Assessment and be certified for private banking in Singapore by the Insititute of Banking and Finance Singapore(IBF). All this within just 12 months across three continents.
Designed in close consultation with the wealth management industry, the curriculum is regularly reviewed to reflect industry developments. There is a careful balance between the theory and practice of wealth management. The programme is taught by experienced faculty and competent industry professionals who share their knowledge and skills generously with the participants. Participants will have ample opportunities to meet their peers and industry captains in seminars, talks, internships and site visits. Participants without wealth management experience are encouraged to take part in the internship programme to gain relevant experience and to enhance their employability.
The programme is also recognised as a partner of the CFA Institute.
- Complete within 12 months over five study blocks (2.5 weeks per study block)
- Specialised curriculum in global wealth management with an Asian focus
- First and only MSc in Wealth Management programme in Asia
- The Master’s degree will be awarded by SMU; certificates will be awarded by SFI and Yale SOM
- Institute of Banking and Finance Singapore(IBF) will issued the private banking certification under the IBF Standards. The IBF Standards is a set of internationally-benchmarked competency standards, developed by the industry, for the industry. Certification under the IBF Standards is an industry endorsed mark of quality that recognises you an individual who exhibits professional excellence, integrity and commitment to the industry.
- Experienced faculty drawn from senior academics with industry experience and successful wealth professionals with academic exposure
- Closely connected with the wealth management industry for engagements in placements, corporate boards, scholarships and guest lecturing
- Modular structure allows participants to meet their professional and personal obligations while pursuing an academic degree
- Pedagogy includes case studies, team activities, pre-course assignments, computer-aided learning, simulations, industry talks, site visits and field trips to complement classroom learning
- A preparatory module designed to prepare students before the first study block
- Completion of an individual project by participants on a research topic of interest
- Scholarships based on merit for selected participants
- Opportunities to intern in various financial institutes facilitated by WMI during the one-year period
- Recognised by the CFA Institute and CAIA as a collaborative partner
GMAT/GRE & IELTS/TOEFL SCORE REPORTS
GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examinations General Test) is mandatory for admission to the MWM programme. It must be taken within the last five years at the time of submitting your application.
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:
|GRE:||2861 (Department Code: 4102)|
|TOEFL:||9014 (Department Code: 82)|
Two referee reports are required for admission to the MWM 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 harcopy 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.
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).
STUDY BLOCK I
BUILDING BLOCKS TO MANAGING WEALTH
FINANCIAL STATEMENT ANALYSISThis course examines key financial accounting and reporting issues relating to corporations as well as the analysis and interpretation of financial statements prepared under international accounting standards. The objective is to attain technical and analytical proficiency in using financial reports to evaluate the operating performance and financial health of companies. Topics include financial ratios, profitability analysis, cash flow analysis, credit risk analysis, business combinations, leases, off-balance sheet transactions, intangible assets, impairment of assets, revenue recognition and foreign exchange accounting.
MACROECONOMICS & GLOBAL FINANCIAL MARKETSThis course provides students with a foundational study of macro-economic concepts and theories necessary to understand and analyze the state and outlook of the global economy and their impact on financial markets. The role of monetary policy and exchange rate policy in managing interest rates, inflation and trade competitiveness will be discussed and the linkages to strategies for investment management will be highlighted. The global economy and its financial markets are keenly interconnected: Expectations of growth and policy changes impact financial markets to the same extent that fluctuations in market prices influence growth and policies.
QUANTITATIVE METHODS FOR INVESTMENT ANALYSISThis course covers basic techniques in data analysis with special reference to investment. A practical orientation will be adopted focusing on identification of appropriate techniques, execution of analysis and sound interpretation of results. Topics include probability distributions, confidence interval estimation, hypothesis testing, correlation and regression analysis, and time series analysis.
ETHICSParticipants will develop an appreciation and understanding of business, financial and personal ethics. It explores business responsibility from rival theoretical and management perspectives. Topics include financial management, product safety, ethics and corporate responsibility, and creating an Ethical environment within the organisation.
STUDY BLOCK II
DEEPENING WEALTH KNOWLEDGE
CORPORATE FINANCEThis course focuses on decisions affecting corporations in the area of investment, financing/dividend payments and operational decisions. It equips participants with conceptual and analytical skills necessary to make both routine and non-routine financial decisions. It covers financial analysis and planning, capital budgeting, cost of capital, capital structure and dividend policy. It will include topics such as IPOs, mergers & acquisitions and corporate restructuring. Cases will be used to illustrate the concepts and tools introduced in the course.
PORTFOLIO ANALYSISThis course focuses on the concepts, analytical tools and process of portfolio management. It will cover the basic concepts of investments, including risk and return, portfolio diversification and performance evaluation. Seminars will also include case studies and the development of appropriate investment policy statements for individuals and institutions. Students will be participating in a simulated investment activity.
ANALYSIS OF EQUITIESThis course provides a blend of theory and practice to analyse equities as an asset class. It covers the process of fundamental analysis as a tool for security selection. It discusses a number of equity valuation techniques for specific industries and/or companies. These include both absolute and relative valuation approaches using asset values, earnings, dividends, cash flows and technical analysis.
ANALYSIS OF FIXED INCOMEThe course focuses on fixed income markets, products and basic analytical tools used in analysing fixed income securities. Topics include term structure of interest rates, yield curve dynamics, duration and convexity, bond portfolio management strategies and credit rating. The coverage includes more advanced array of fixed income instruments including high yield bonds, asset-backed securities, swaps and credit derivatives.
STUDY BLOCK III
SPECIALISATION OF WEALTH NEEDS
ANALYSIS AND APPLICATIONS OF DERIVATIVESThis course covers concepts of derivative pricing for instruments such as forwards, futures, options, and swaps. Participants will develop an understanding of how these instruments work, how they are used, and how they are priced including basic valuation models such as the Black-Scholes model.
PRIVATE EQUITY AND VENTURE CAPITALThis course provides an introduction into the workings of the private equity and venture capital markets. It will discuss the principles of entrepreneurial financing from the perspective of an entrepreneur, and how venture capitalist looking to invest in promising startups. Investment principles and valuation models such as discounted cash flow models, P/E multiples, and alternative-pricing models will be covered.
HEDGE FUND INVESTMENTThis course provides participants with an understanding of theoretical and practical aspects of hedge fund investments, strategies, products and the risk/return of hedge fund investments.
PORTFOLIO MANAGEMENTThis course focuses on fund management practice. It will discuss strategic and tactical asset allocation and active portfolio management. The course will cover more advanced concepts of investments and their applications to meet the needs of sophisticated institutional and individual investors. Seminars will also include interactive discussions and analyses of the contemporary investing scene and global capital markets.
TRUSTS AND INTER-GENERATION WEALTH PLANNINGThe course provides participants an overview of wealth planning including an understanding of multi-jurisdiction legislation for international wealth transfers. Participants will learn to appreciate the use of trusts in inter-generation wealth planning.
STUDY BLOCK IV
GLOBAL WEALTH OUTLOOK
CLIENT RELATIONSHIP MANAGEMENTThe course discusses the building blocks of great client experience, how to go about building a great client book and the investment advisory process.
SPECIAL TOPICS IN WEALTH MANAGEMENTThe course covers topics relevant to wealth management such as family business and the family office.
ALTERNATIVE INVESTINGThe course covers alternative investments include private equity, real estate and commodities. Other topics include behavioural finance will also be discussed.
STUDY BLOCK V
WEALTH EXPANSION AND DEVELOPMENT
STRUCTURED PRODUCTSThis course covers the foundations and use of structured products by banks, financial institutions and investment managers. It covers equity structures, fixed income structures, currency structures, commodity structures and hedge fund wrappers. Some of these structures range from simple derivatives like warrants, option-embedded bonds, equity-linked notes, dual currency options, reverse floaters and similar forms of innovative financial instruments. Participants will develop an understanding of the risk, return and structuring of some of these products, and their use in investment management.
FINANCIAL ADVISERS LAWThis course covers the essential aspects of the law as it affects financial advisers. The topics include the regulation of financial advisers, negligence liability, contractual liability and international legal issues in financial advice contracts.
ADVANCED STUDY PROJECTAll participants are required to complete a project which allows them to apply the concepts and principles of wealth management in a commercial setting.
Participants may focus their final projects in one of the following areas:
- Private Banking
- Asset Management
- Innovative products, processes or services in wealth management
S$5,400 (Singaporeans / Permanent Residents);
S$60,000 (excluding GST)
S$64,200 (including GST)
Tuition Fee includes MCWM course fee of S$32,000.
The tuition fee does not include meals, air travel and accommodation expenses in Singapore and overseas.
* The Singapore Management University reserves the right to alter fees as appropriate.
- A number of corporations including the Government of Singapore Corporation (GIC) and Temasek Holdings 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.
LEE KUAN YEW SCHOLARSHIP
- Applications for the prestigious Lee Kuan Yew Scholarship for postgraduate studies will open in November each year.
- Applicants must be Singapore citizens with an outstanding academic record and leadership qualities. They must have been active in community service or sports.
- The application form is available from the Public Service Commission website.
FINANCE SCHOLARSHIP PROGRAMME (FSP)
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 to www.mas.gov.sg/FSP.
WMI-SMU STUDY LOAN SCHEME
The scheme has been established to assist deserving candidates with a loan that covers up to 50% of their tuition fees, at an affordable rate and repayment schedules.
Please download Application for WMI-SMU Tuition Loan Scheme here.
Please note that the Giro Form is to be completed upon the approval of the loan.
STUDY LOANS FROM BANKS
Study loans are available from the following banks:
- Maybank Education Loan, please click here
- OCBC Education Loan , please click here
- POSB Education Loan , please click here
- RHB Education Loan, please click here
“State Bank of India (SBI) provides student loans exclusively for students from India who have secured admission to selected educational institutions for higher studies in Singapore. Such loans are secured against a Standby Letter of Credit (SBLC) issued by an SBI branch in India, backed by a mortgaged property or cash deposits in India. For further details visithttps://www.sbising.com/student_loans.asp# . Please email all your queries on this matter to [email protected].”