opt MiniMasters in Business Finance
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MiniMasters in Business Finance

Course Overview

This course is suitable for students with minimal exposure to finance at the tertiary level. Finance consists of three parts – Financial Management/Corporate Finance, Investments, and Financial Institutions and Markets. 

At the end of this course, you will be equipped with the necessary foundation to undertake any advanced level graduate finance courses.

  • How You will Benefit​

    1. NBS MinimastersTM comprises four advanced business courses totaling 15 AUs
    a. Three 4-AU courses, and 
    b. One 3-AU course 

    2. Each course comprises:
    a. An online, self-paced component: 9 hours (for 3-AU course) or 22 hours equivalent (for 4-AU course), and 
    b. A 30-hour in-class instruction component, taught over two weekends (Sat & Sun), or virtual classroom, (with considerations for COVID-19 restrictions).

    3. Course delivery within one month
    a. First week of on-line, self-study, readings
    b. First weekend of the month is 15 hours of classroom instruction 
    c. Next two weeks of online, self-study, quizzes, case studies
    d. Third weekend of the month is 15 hours of classroom instruction with final test in the last 2.5 hours
    e. Last week of the month: assignments, final test

    4. Qualification
    a. MiniMastersTM will only be awarded to students attaining 15 AUs with mininum CGPA 2.5 and above (subject to change depending on course requirements).
    b. Students attaining 9AUs with minimum CGPA 2.5 and above will be eligible for the Graduate Certificate.

    5. Admissions
    a. Priority will be given to candidates who choose to complete four courses within a specific MiniMastersTM course.
  • Course Schedule and Details
    ​Course ​Month ​Run Dates* ​Instructor ​Contact Hours** ​Academic Units
    Finance Fundamentals ​​Aug ​15-16
    Assoc Prof Lau Sie Ting ​Total 52 hours ​4
    Investments ​Sept ​12-13
    Asst Prof Ru Hong ​Total 52 hours ​4
    International Finance and Emerging Markets ​Oct ​10-11
    Asst Prof Wang Xin ​Total 52 hours ​4
    Derivatives Securities and Risk Management ​Nov ​7-8
    Asst Prof Zhang Jinggong and Asst Prof Zhu Wenjun ​Total 39 hours​ ​3

    *(Classes run on alternate weekends of the mentioned month) 
    **MiniMastersTM will be conducted using a blended model of in-person instruction and online self-study while adhering to the latest MOE safety guidelines. Due to Covid-19, all courses will be delivered 100% online if deemed necessary at any point.
  • Course: Finance Fundamentals
    The objective of this course is to provide a broad understanding of key financial principles, concepts and analytical tools. The topics to be covered include the time value of money, bond and stock  valuation, capital  budgeting, risk and return, cost of capital, corporate financial decisions (capital structure, distribution policy and capital raising), and an introduction to options. It is a necessary first foundation course in finance. ​
  • Course: ​Investments 
  • Course: International Finance and Emerging Markets
    This course aims to provide an in-depth understanding and practical tools to evaluate, finance, and manage international business. The issues and tools discussed are particularly relevant to highly open economies, such as Singapore, where companies will engage in international business. In this course, we will discuss the global financial markets that facilitate international business and explain the key economic and financial linkages among them. The topics to be covered include exchange rate determination, foreign exchange exposure and management, foreign direct investment and cross-border acquisitions, international capital budgeting, global financial crisis, the economic implications and impacts on globalisation of COVID-19.

    Learning Outcomes
    1. Analyse and make managerial decisions in the context of a multinational firm. Understand various kinds of risks that multi-national firms face, and how to manage them.
    2. Understand foreign exchange rate behaviours, factors that may cause appreciation or depreciation of a currency and be able to employ tools to manage foreign exchange rate risks.
    3. Understand the setting of various global financial markets, how they are related, and underlying conditions that may predicate a financial turmoil or crisis.
  • Course: Derivatives Securities and Risk Management
    The objective of this course is to provide a broad understanding in derivative securities and risk management. This course covers the use and pricing of derivatives - from the basic Black-Scholes model to more advanced models and options. Two important quantitative techniques – Monte Carlo and Finite Difference Methods are also discussed. This course will also provide a fundamental understanding of time series analysis with its application in financial modelling and risk management. Quantitative risk management models such as extreme value theory and high-dimensional modelling with copulas will also be introduced. The course emphasises both mathematical derivation and economic intuition and understanding, and provides practical insights through class projects. 
  • Pathway to NBS Master's Programmes
    Participants who attain an NBS MiniMastersTM may choose to stack it towards a Full NBS Master’s programme. Upon meeting admission requirements, participants may choose the following pathway:​

    ​NBS MiniMastersTM  ​Stackable To Full NBS Master's Programme​
    ​​MiniMastersTM in Business Finance

    MBA (Banking and Finance) or

    MBA (Banking and Finance) or MSc (Financial Engineering)

    Accreditation of courses completed under the NBS MiniMastersTM to a Full NBS Master’s programme will be subject to the current accreditation policy:

    a. Transfer credits of up to 12 AUs of courses upon successful admission into a Master’s programme
    b. The grade obtained for the course must be at least a C+ (subjected to change for specific Master’s programme)
    c. The validity period for exemption/ credit transfer of a course is five years from the date of award of the course as reflected in the official result slip/transcript
    d. The course must not have been used for exemption/credit transfer into another programme

    Admission to Full NBS Master’s programme
    Participants have to meet all required admission standards of the selected Master’s programme. 
  • Funding and Fees

    ​Fee before
    ​funding (excluding GST)
    ​Fee after funding
    (excluding GST)​​
    Fee after
    (including GST)
    ​Full Fee S$18,750.00 S$18,750.00​ S$20,062.50​​
    Singapore Citizens / PR​ 
    (aged ≥ 21)​
    Course Fee Grant - up to 70%
    S$18,750.00 ​​S$5,625.00 S$6,018.75
    Singapore Citizens (aged  40)
    MCES1 - up to 90%
    S$18,750.00 S$1,875.00​ S​$2,268.75​
    ​SME-sponsored Singapore Citizens / PR
    ETSS2 - up to 90%
    S$18,750.00 ​S$1,875.00 S$2,268.75
    NTU Alumni
    Fee payable to NBS​ after 70% SSG Funding and use of $1,600 Alumni Credits
    S$18,750.00 S$4,418.75​
    NTU Class of 2020
    Fee payable to NBS after 70% SSG Funding and use of $3,200 Alumni Credits and NTU Class2020 COVID-19 support​*
    S$18,750.00​ S$0,000.00

    1. Under the SkillsFuture Mid-career Enhanced Subsidy (MCES) scheme. For more information, visit the SkillsFuture website here.
    2. Under the Enhanced Training Support for Small & Medium Enterprises (ETSS) scheme. For more information, click here​.
    *​The NTU Class2020 COVID-19 support​ funding is only applicable to the run of this programme in 2020.

    SkillsFuture Credit
    In addition to the above funding, Singapore Citizens aged 25 and above and self-funded may use their SkillsFuture Credits to defray part of the net course fee after funding.

    Participants who wish to use their SkillsFuture Credit can download the SFC Claim form here​. Please submit the SFC claim form via email to nbs_minimasters@ntu.edu.sg at least 1 month before course start date.​​​

    Funding Requirements
    - Participant must achieve a minimum of 75% attendance for the course.
    - Participant must complete a written assessment on the final day of the course

    Participants do not need to contact Skillsfuture or SkillsConnect for funding prior to course registration. NTU will handle the funding paperwork for both self and company-sponsored participants. Participants will be invoiced the net amount after funding and GST.

    Assoc Prof Lau Sie Ting
    College of Business (Nanyang Business School) - Division of Banking & Finance

    Dr. Sie Ting LAU is currently an Associate Professor of Banking and Finance at the Nanyang Business School at Nanyang Technological University in Singapore. Sie Ting joined NTU in June 1992 and received tenure in April 1998. He received his PhD in Finance in May 1992 from the University of Texas at Arlington.

    Sie Ting’s research interests include international stock exchange listing, market microstructure of securities markets, international mutual funds and home bias, and international financial markets. Much of his earlier research focused on the Stock Exchange of Singapore, and he has since become one of the most prolific finance researchers of Singapore Exchange data. His research has been published in reputable finance journals, including the Journal of Finance, Journal of Financial Economics, Journal of Banking and Finance, Journal of International Money and Finance, and Journal of Financial Research—and in other fields’ journals, including Management Science, Contemporary Accounting Research, and Journal of International Business Studies. In 2003, he was awarded the Researcher of the Division in the Nanyang Business School for Research Excellence. As of 2015, based on Google Scholar, his work has been cited more than 1,000 times. Sie Ting is also an ad-hoc referee to more than 10 finance journals and an associate editor of the Singapore Economic Review.

    Sie Ting has been a leading force in university service and institution-building since joining NTU in 1992. Even before his tenure, he was already involved in running research centers, including the Innovation Centre, the Entrepreneurial Development Centre, and the Centre for Research in Financial Services. He was also program director for the Master of Business, PhD coordinator (Banking and Finance), and a member of the school’s 21st Century Vision Team. In 2005, he was asked to head the banking and finance division, and he took up the opportunity to build the research capability of the group, emphasizing quality publications. As a result, based on publications in the top three finance journals, the research ranking of the banking and finance division improved from No. 137 (2005 to 2007) in the world to No. 40 (2008 to 2010). The current ranking is No. 47 (2008 to 2016). Sie Ting stepped down from his role as division head in July 2010 and resumed the position in July 2014.

    In teaching, Sie Ting has taught over 10 different finance courses at the undergraduate, MBA, and PhD levels, and has experience teaching executives and finance practitioners. He also has several years of teaching experience in U.S. universities—as a visiting professor of finance at the University of Memphis and as a graduate teaching associate at the University of Texas at Arlington. He has also supervised and graduated five PhD students.

    To read more abou
    Assoc Prof Lau Sie Ting and his achievements, please click here.
  • Programme Instructors

    Asst Prof Ru Hong

    College of Business (Nanyang Business School) - Division of Banking & Finance

    Dr. Hong Ru joined Nanyang Business School in NTU as an Assistant Professor of Banking & Finance division in 2015. His research interests include financial intermediary, Chinese economy, corporate finance, and household finance. Dr. Ru's researches have been published at top journals and presented at many conferences including AFA, NBER, SFS Cavalcade, and received best paper awards many times. His researches have been covered by Wall Street Journal, Washington Post, NBER Digest, and ABFER Digest. Dr. Ru is also the research director of the Centre for RMB Internalization Studies (CRIS) in NTU. Dr. Ru received his Ph.D. in finance from the MIT Sloan School of Management in 2015.

    To read more abouAsst Prof Ru Hong and his achievements, please click h​ere. 

    Prof Wang Xin

    School of Chemical and Biomedical Engineering

    Prof Wang Xin is currently in the School of Chemical and Biomedical Engineering. He received his Bachelor and Master degrees in Chemical Engineering from Zhejiang University, Ph.D. degree from the Hong Kong University of Science and Technology. He joined NTU in 2005. His research interests include electrochemistry, electrochemical technologies for energy conversion. He has done significant research work in his research areas and published over 200 peer-reviewed journal papers, with total citation over 21000 and H-index of 75. He is a Fellow of the Royal Society of Chemistry(FRSC) and Clarivate Analytics Highly Cited Researcher 2018 (Cross-field), 2019 (Materials Science).

    To read more abouProf Wang Xin and his achievements, please click h​er​e​. 

    Asst Prof Zhang Jinggong

    College of Business (Nanyang Business School) - Division of Banking & Finance

    Jinggong is an assistant professor in Nanyang Business School at Nanyang Technological University, Singapore. He obtained his PhD in actuarial science at the University of Waterloo, Canada, in 2018. Jinggong is an Associate of the Society of Actuaries, and a Society of Actuaries James C. Hickman Scholar 2015-2018.

    To read more abouAsst Prof Zhang Jinggong and his achievements, please click h​er​​e​. 

    Asst Prof Zhu Wenjun

    College of Business (Nanyang Business School) - Division of Banking & Finance

    Wenjun Zhu (Ph.D., FSA, CERA) is an Assistant Professor in Nanyang Business School at Nanyang Technological University, Singapore. She received her Ph.D. in the Department of Statistics and Actuarial Science, University of Waterloo in 2015. As the first student admitted to the PhD program without a Master's degree in the department, Dr. Zhu holds double Bachelor's degree in Economics as well as Mathematics. She is a Fellow of the Society of Actuaries (FSA) and a Chartered Enterprise Risk Analyst (CERA). She is also a winner of the Society of Actuaries James C. Hickman Scholar (2013-15). Before joining NBS, she served as a tenure-track assistant professor in School of Finance at Nankai University (2015-17).

    Dr. Zhu has been publishing in top tier actuarial journals such as the Journal of Risk and Insurance, North American Actuarial Journal, ASTIN Bulletin, etc. She has interdisciplinary research experience in developing effective statistical and quantitative tools in evaluating and managing risks in the fields of insurance and finance. Currently, she is particularly interested in research topics including systemic risks in finance and insurance, predictive analytics, actuarial ratemaking in agricultural insurance, high dimensional modeling with copulas, and longevity risk management.

    To read more abouAsst Prof Zhu Wenjun and her achievements, please click h​er​​​e​. 
  • Venue
    In person training will be held on NTU Campus (50 Nanyang Ave, 639798).
  • Registration Closing Date
    5 August 2020
  • Contact Us
    For enquiries about this course, please contact us at nbs_minimasters@ntu.edu.sg 

MiniMastersTM in Business Finance

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