Master of Science in Asset & Wealth Management

An elite programme for tomorrow’s industry leaders.

The Master of Science in Asset and Wealth Management (MAWM) is a postgraduate degree programme issued by the Nanyang Technological University (NTU), Singapore. Jointly developed by the Wealth Management Institute (WMI) and Nanyang Business School (NBS) the programme was launched to cater to the growing demand for highly-trained expertise in the asset and wealth management sectors.

Designed to groom future-ready asset and wealth management professionals, this one year programme is aligned to the latest industry skills frameworks established by the Institute of Banking and Finance Singapore (IBF). Supported by WMI’s deep industry links and domain expertise in practice-based asset and wealth management education, along with the strength of a top ranking university, the MAWM presents a leading edge curriculum that stays relevant to current and future industry.

Programme Highlights

The MAWM is a first of its kind in Singapore specialising in asset management and wealth management. The programme is also cross-disciplinary, tapping NTU’s globally renowned strength in computing technology and mathematical sciences, as well as social science and psychology.​ The Master of Science in Asset & Wealth Management is taught by outstanding academics and leading practitioners, and curated to ensure you are future-ready for these industries.

The degree is issued by NTU Singapore, a research-intensive university consistently ranked among the top in the world. Learn more about NTU here.

The programme takes you from Singapore to London and New York* to attend specially curated lectures by global experts at our partner universities Imperial College Business School and NYU Stern Business School. You will also have the opportunity to participate in study visits at top international firms, giving you exposure that will deepen your learning and complement topics taught in class.

* when travel is permitted…

Imperial College Business School

As part of Imperial College London, one of the world’s pre-eminent science-based universities, Imperial College Business School drives business advantage through the fusion of business and technology. By combining innovative thinking with new technology, Imperial College Business School develops practical solutions to real-world issues, benefiting both businesses and society. The School is consistently rated amongst Europe’s best research-led business schools, respected for its cutting-edge research, outstanding suite of postgraduate programmes and transformational Executive Education offering.

New York University Stern School of Business

New York University Stern School of Business, located in the heart of Greenwich Village in Manhattan, New York City and deeply connected with the City for which it is named. One of the nation’s premier management education schools and research centres, NYU Stern offers a broad portfolio of transformational programmes enriched by the dynamism and deep resources of one of the world’s business capitals.

Our unique work-study format is designed to allow you to work while concurrently taking on the challenge of this Master’s Degree. Classes are conducted on alternate weekends, enabling easy participation by working professionals, as well as the flexibility of year-round internship placement for interns. A minimum 3-month internship or industry project is structured as part of the Master’s degree to provide you with the necessary practice experience if you are not already in the industry.

You may choose to complete the programme in a 12 month period, with classes to be held in Singapore on alternate weekends, while the overseas modules conducted in London and New York will run for 2 consecutive weeks. You may also prefer to space out your learning, taking the programme in modules and complete within a period of 3 years.

You will be taught not only by outstanding academics but also leading industry practitioners who are committed to imparting practical knowledge. WMI has also partnered with top financial institutions to host high impact learning visits that are integrated with the programme to provide a truly immersive learning experience.

The MAWM is designed to attract a diverse and distinct cohort of students from Singapore and from further afield, giving you the opportunity to convene and create lasting networks as you study alongside professionals from banks, asset management firms, regulatory institutions, central banks, and other financial institutions from Asia and around the world.

Your Journey

Complete 14 Core Classes

This course is taught in 2 parts. Part 1 (Compliance and Ethics) covers rules and regulations in wealth management as well as ethical conduct. Students will also learn the tools for investment management, namely Bloomberg. They are required to complete the certification test from this service provider. Part 2 (Leadership) extends from the topics taught on ethical conduct in Part 1 to include effective ethical leadership skills in an increasingly uncertain and challenging environment. This part also seeks to train emerging managers and leaders.

The digitalization of financial services is transforming asset and wealth management at an unprecedented pace. It is critical that asset and wealth managers are trained to know their impacts and potential developments to be appropriately future-ready. This course will provide you with an understanding of the importance of having a digital mindset in a fast changing technological landscape. It will trace the evolution of financial technology in the global financial market and how institutions and regulators are adjusting to this disruptive force. These new technologies come with new threats, requiring a good understanding of cybersecurity, digital hygiene and integrity, and best practices in digital risk management.

Building upon the Data-Science and FinTech I course, Data-Science and Fintech II provides a deeper treatment in digital skills and data science in the asset and wealth management sector. This course aims to provide you with the skills to use digital tools to raise their effectiveness in engaging with clients and understanding market trends. You will learn how to use digital tools (within organization guidelines) to create better customer engagements, as well as leverage data analytics and unconventional data to gain better insights into individual client preference and trends in the market. You will also learn about emerging and evolving technologies such as those in advisory, KYC/AML/CFT and mining for unconventional data.

This course is taught in 2 parts.

Part 1 (Investment Products) introduces various investment products and their associated risks. It also provides a framework for deploying them over an investment cycle.

Part 2 (Investment Advisory) covers the roles and obligations of an investment advisor and the process for providing investment advisory. The process starts with knowing the roles and obligations of an investment advisor, the client’s risk profile, needs and product suitability. This is followed by designing the investment solution based on the investment policy statement, managing, reviewing and monitoring the portfolio.s.

This course relies heavily on scenario simulations for a more applied approach to the subject matter.

Wealth Planning is an important element of providing holistic wealth management advice to clients. Each life stage of a client presents unique challenges and opportunities. Understanding this is key to designing wealth planning solutions which incorporate the client’s needs and values. You will learn how to engage clients and their families to help them achieve their long term objectives of wealth preservation, inter-generational wealth transfer and succession planning. You will be taught how to identify your client’s latent wealth planning needs and to develop solutions through an in-depth coverage of topics such as inter-vivos gifts, wills, companies, trusts and foundations. Whatever the wealth planning solution, you will gain relevant and practical insights on how you can be better positioned and differentiated from the competition, by adopting a more holistic approach to your clients’ needs.

It is critical for portfolio managers to have a firm understanding of the fundamental underpinnings of portfolio management in order to make sense of the results that are now so often generated by a machine. This course takes you through the fundamental building blocks of portfolio management. It starts with introducing the modern portfolio theory followed by an examination of its shortcomings and the various augmentations that followed.

Managing the reserves of different institutions requires the knowledge of institution specific constraints and their impacts on the investment process. While investment analysis and management is a common technique, its application to the management of assets for institutional asset owners can be much more complicated. Each type of asset owner – endowments, insurance companies, pension funds and sovereign wealth funds – has its own constraints, which need to be catered for in managing reserves. In this course, you will learn how to deal with the practical aspects of managing assets for institutional asset owners.

Technology and big data are changing the way portfolios are managed. You will acquire the skills to use various tools to analyze data that are pertinent to understanding the market and trading. Taught at Imperial College Business School in London over 5 days, topics include time series predictability in equity and fixed income markets, cross-sectional predictability of equity return, and risk modelling.

Alternative investments play an important diversification role in a portfolio as well as a hedge and a source of potential market outperformance. Taught at New York University’s Stern Business School, this course aims to provide you with a deep understanding of the alternative investment space building on the knowledge you will have acquired on conventional investment products in earlier courses. Topics include hedge funds, private equity, commodities, real estate, and art investment.

A corporate’s financial statement provides important operating data and performance of the company. Financial statement analysis helps investors, regulators, analysts and senior management evaluate the financial health of a company. It is the critical first step in understanding a corporation’s financial standing. The Financial Statement Analysis course provides a framework and a process for evaluating and interpreting financial data, along with other pertinent information, in order to formulate an assessment of a company’s present and future financial condition and performance. The objective of this course is to provide you with the technical and analytical proficiencies for analyzing financial statements for investments, credit and other business decisions.

The first part of the course deals with fundamental issues in corporate finance, including corporate governance, capital structure and dividend policy. The second part covers valuation issues in capital budgeting, merger and acquisition, initial public offering, corporate restructuring, and the need for risk management. The course relies heavily on case studies.

Equity and fixed income are the two most prevalent securities for investors. Having a good knowledge of the framework for valuing them is critical for any investment decision. This course provides you with a blend of theory and practice to analyze equity and fixed income securities. Equity analysis includes various models used for absolute valuation and the principles of relative valuation. Fixed income topics include credit analysis models, yield curve analytics, valuation and determinants of bond price volatility. There will be a strong emphasis on applications through the use of financial platforms Thomson Reuters and Bloomberg.

This course is taught in 2 parts.

Part 1 (Macroeconomics) provides a framework for analyzing the global economy and policies that impact global financial markets. Specifically, major growth drivers for an economy and how monetary policies affect spending and investment decisions. It will also analyze the tools used by different central banks when implementing monetary policy.

Part 2 (Cycles, Crises and Bubbles) provides an analysis of the major frenzies and crashes in the post-war global financial system: Why they happened, policy responses, and why they happened again. It provides a top level understanding of the rhythm of global financial crises. This is followed by analysing conventional and unconventional indicators to spot warning signs of frenzies and crashes.

The efficient market hypothesis in traditional finance often fails to explain how investors make their decisions and why the market sometimes goes through huge swings. Behavioural finance helps to fill these gaps. It is important for wealth and asset managers to understand and apply these behavioural biases in their investment decisions. This course aims to provide an understanding of how behavior biases affect advisor-client interaction, portfolio construction, analyst forecasts and market behaviour. You will first learn the differences between traditional and behavioural finance. This is then followed by an analysis of cognitive and emotional biases and their consequences.

Choose 2 Electives

A High Net Worth Individuals have investments and assets across multiple locations and jurisdictions and have generational transfer needs. Having an international perspective on wealth planning together with a good understanding of family office and business succession is an important element of providing holistic wealth management advice to clients This course extends from the earlier course on Wealth Planning to include international tax concepts for wealth planners, family offices and business succession. You will learn how to engage clients and their families to help them achieve their long term objectives of wealth preservation, inter-generational wealth transfer and succession planning.

The ability to interact with a client, understand their needs, and have a long lasting relationship is critical to being a successful wealth manager. This course covers the critical skills you will require to acquire and build sustainable relationships. It is designed with the objective of achieving a clear understanding of what constitutes a successful client management strategy. The use of role plays and class simulations will be incorporated into the session to provide you with opportunities to practice what you have learnt. Topics include a framework for establishing rapport and techniques for enhancing trust with clients, proven techniques for more effective negotiations, strategies to managing the pipeline, identifying opportunities and expanding connections. The course also covers understanding client segmentation, adopting an entrepreneurial approach to building a client book and how to leverage on internal resources to help your clients.

Having a good understanding of common cross banking needs and how to engage specialists to develop suitable solutions is paramount to deepening client relationships. Cross banking allows for a more holistic approach to serving clients’ needs. You will learn about the common cross banking needs of high-net worth clients and understand the framework for identifying these needs, developing solutions for them and managing their associated risks.

This course builds on the fundamental understanding of Portfolio Management (WM6103) through the extensive use Microsoft Excel to solve problems faced by portfolio managers. Candidates will learn how to design and develop financial models to solve complex financial problems.

This course also builds on the core course on Quantitative Trading Strategies (WM6011) by further developing quantitative skills for investment. Topics covered include data mining to mitigate hidden biases; statistical validation techniques such as back-testing and Monte Carlo analysis. These skills are applied in benchmarking, attribution and performance analysis, and leverage analysis

This course provides an introduction to the functions supporting asset management organizations. Apart from actual investment analysis and portfolio management, the backbone of an asset management organization is investment operations and marketing of investment products. You will learn about the basic processes of settlement and reconciliation, fund administration, legal structures of funds in various countries, and fund passporting schemes. For marketing, the course details the concept of product specialists, due diligence and marketing of fund products.

Industry project or Internship

Full-Time students will be required to fulfil either a minimum three month internship

Part-Time Students will be required to undertake an industry project.

Admission and Calendar

The admission requirements for the Master’s Degree in Asset & Wealth Management are:

  • At least 2 years of working experience
  • A good Bachelor’s degree in a relevant programme
  • Competitive GMAT / GRE score
  • TOEFL score: > 100 or IBT ELTS score: > 6.5, if English was not the medium of instruction used at the undergraduate leve

An admissions interview will be required for shortlisted candidates.

Next Intake Application Opens Interview / Selection Process Application Closes Matriculation Orientation
July 2021 July 2020 November 2020 – March 2021 1 April 2021 June 2021 June 2021

Disclaimer: Travel, accommodation and other incidental expenses are not provided for in the fees. The Wealth Management Institute reserves the rights to alter the fees or make any changes to the programme as appropriate.

Fees and Financial Assistance

Programme Fee International Students (W/GST) Singaporean & Permanent Residents
(W/GST After IBF STS Funding)
Application Fee ​S$100​*
Miscellaneous Fee ​​Up to S$535**​
Tuition Fee S$64,200 ​S$14,087.50***​

*A non-refundable application fee is required upon application.

**A one-time miscellaneous fee will be billed in the first trimester.

*** Fees shown are after IBF STS funding, assuming students meet the minimum academic standards outlined by IBF and enrol in IBF accredited electives. All students are required to pay the full tuition fees (S$64,200). Submission for IBF funding, for individuals, will be processed by the Wealth Management Institute after the official release of marks by NTU. Funding claims will be disbursed by IBF within 9 months from the mark release date. The fees listed are inclusive of GST and are payable in instalments over 3 terms.

Travel, accommodation and other incidental expenses are not provided for in the fees. The Wealth Management Institute reserves the rights to alter the fees or make any changes to the programme as appropriate.

Financial assistance

Monetary Authority Of Singapore (MAS) - Financial Specialist Scholarship (FSS)

Prospective students applying for the MSc in Asset and Wealth Management (MAWM) are eligible for the Financial Specialist Scholarship (FSS), offered by the MAS. The Financial Specialist Scholarship (FSS) (previously known as the Finance Scholarship Programme) is a postgraduate scholarship programme that helps develop specialist leaders in a variety of fields in Singapore’s financial services sector. Candidates must have been offered a place for MAWM prior to submitting their applications to MAS for the FSS.

Click here for eligibility criteria and more information.

Institute Of Banking And Finance (IBF) Funding Subsidies

Singaporeans and Singapore PRs who meet the minimum academic requirements of accredited courses will be eligible for up to 90% funding subsidies.

  • For eligibility criteria and more information regarding the subsidy, please visit:

https://www.ibf.org.sg/programmes/Pages/IBF-STS.aspx

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