Digital Finance PhD Scholarship — The Asian Institute of Digital Finance Scholarship is a fully funded opportunity for PhD candidates in the Digital Financial Technology programme at the National University of Singapore. This scholarship supports students with a passion for FinTech research, providing comprehensive financial support including tuition fees and a monthly stipend for up to four years.
The scholarship is provided by the Asian Institute of Digital Finance (AIDF), a research institute at NUS dedicated to advancing knowledge and innovation in digital finance. AIDF collaborates with the NUS Graduate School for Integrative Sciences and Engineering to offer this interdisciplinary PhD programme.
Asian Institute of Digital Finance Scholarship Benefits
- Full tuition fee subsidies for 4 years
- Monthly stipend: SGD 6000 for Singapore Citizens
- Monthly stipend: SGD 5500 for Singapore Permanent Residents
- Monthly stipend: SGD 3000 for International Students
- CPF on top of stipend for Singapore Citizens
- Maximum candidature of 5 years
Asian Institute of Digital Finance Scholarship Eligibility Criteria
- PhD Students
- Singapore Citizens, Singapore Permanent Residents, All International Students
- Relevant bachelor degree holder (or above) with at least a very good 2nd Upper Honours (or equivalent qualifications)
- GRE Verbal + Quantitative minimum score 320/340
- GRE Analytical minimum score 3.5/6
- Submit GRE or GMAT scores (valid for 5 years from test date)
- TOEFL or IELTS scores for international applicants (exceptions for degrees from NUS, NTU, SMU, SUTD, or English-speaking countries)
- Outstanding research potential and strong research interests in related areas in finance and/or computing
How to Apply for Asian Institute of Digital Finance Scholarship?
- Apply for the scholarship within the admissions application through GradApp
- Fulfill additional scholarship application requirements stated in GradApp
- Refer to the Application checklist
- Nominate a minimum of 2, but not more than 4 referees
Frequently Asked Questions (FAQs)
Here are the most frequently asked questions about the Asian Institute of Digital Finance Scholarship. These answers cover eligibility, benefits, deadlines, and how to apply for this PhD programme in Digital Financial Technology.
What is the Asian Institute of Digital Finance Scholarship?
The Asian Institute of Digital Finance Scholarship is a fully funded scholarship for the PhD (Digital Financial Technology) programme jointly hosted by the NUS Graduate School for Integrative Sciences and Engineering and the Asian Institute of Digital Finance. It provides full tuition and a monthly stipend for up to 4 years.
Who is eligible to apply for this scholarship?
The Asian Institute of Digital Finance Scholarship is for PhD students. Eligible nationalities include Singapore Citizens, Singapore Permanent Residents, and all International Students. Applicants must hold a relevant bachelor degree with at least a very good 2nd Upper Honours or equivalent, meet GRE score requirements, and demonstrate outstanding research potential in finance and/or computing.
What are the financial benefits of the scholarship?
Benefits include full tuition fee subsidies for 4 years and a monthly stipend: SGD 6000 for Singapore Citizens (plus CPF), SGD 5500 for Singapore Permanent Residents, and SGD 3000 for International Students. The maximum candidature is 5 years.
What is the application deadline?
The application deadline for the August intake (Semester 1) is December 15. Applicants should apply through the GradApp portal and fulfill the additional scholarship requirements stated there.
How do I apply for the Asian Institute of Digital Finance Scholarship?
Apply for the scholarship within your admissions application through the GradApp portal. You must fulfill additional scholarship application requirements stated there, refer to the application checklist, and nominate between 2 to 4 referees.
What are the GRE score requirements?
The minimum GRE scores required are 320 out of 340 for Verbal + Quantitative and 3.5 out of 6 for Analytical. GRE or GMAT scores must be submitted and are valid for 5 years from the test date.
Are there English language test requirements?
Yes, TOEFL or IELTS scores must be submitted by all international applicants, except those whose undergraduate or graduate degrees are from NUS, NTU, SMU, SUTD, or from English-speaking countries like Australia, Canada, Ireland, New Zealand, the UK, and the USA.
What are the service commitments for scholarship holders?
Service commitments include AIDF teaching duty/research support, participating in AIDF-based events, and fulfilling the standard requirement under NUS-NGS Graduate Assistance Programme. There are no specific bond requirements.
What coursework is required for the PhD programme?
Students must complete 36 units (7 classes and lab rotation) if without a relevant postgraduate degree, or 24 units (5 classes and lab rotation) if with a relevant postgraduate degree. A required laboratory rotation and a PhD thesis under the advice of AIDF faculty affiliates are also required.
Where can I find more information about the terms and conditions?
More information about the terms and conditions can be found by visiting the provided link on the AIDF website for the PhD in Digital Finance Technology programme. The scholarship details are also available on the official NUS Graduate School scholarships page.
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