Master of Science in Financial Mathematics
MSc(MAFM)
Both full- and part-time
Full-time : 1.5 years
Part-time : 3 years
HK$180,000
Program Director:
Prof Kani CHEN, Professor of Mathematics
The Master of Science (MSc) Program in Financial Mathematics aims to prepare students from quantitative disciplines with science or engineering backgrounds for rewarding careers in Hong Kong’s financial sector. The curriculum includes mathematical, statistical and computational methods for security pricing, asset allocation, speculative trading, and risk management, and offers comprehensive coverage on financial markets and valuable insights on the performance of various pricing models in market practice. This program upgrades students’ knowledge in probability, statistics and stochastic calculus to a level beyond the bachelor’s degree in mathematics, trains students with theories, tools and skills of programming for quantitative investment and risk management.
Graduates from the program are suited for jobs in trading and market making of derivatives, financial product development, investment decision making, and risk management.
On successful completion of the program, graduates will be able to:
- Design and evaluate quantitative models for derivatives pricing, portfolio management and trading strategies;
- Formulate appropriate risk monitoring procedures in financial transactions and perform effective scenario simulation using statistical techniques in risk assessment;
- Devise computer systems for analysis of financial data and design numerical methods for calibration of model parameters from market data;
- Make appraisal of dynamics of financial markets and formulate quantitative strategies to seek investment opportunities in fund management; and
- Analyze problems from finance in quantitative terms and develop strategies for effective solution of the problems.
To qualify for admission, applicants must meet all of the following requirements. Admission is selective and meeting these minimum requirements does not guarantee admission.
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Applicants seeking admission to a master's degree program should have obtained a bachelor’s degree from a recognized institution, or an approved equivalent qualification.
Applicants have to fulfill English Language requirements with one of the following proficiency attainments:
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TOEFL-iBT: 80
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TOEFL-pBT: 550
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IELTS (Academic Module): Overall score: 6.0 and All sub-score: 5.5
Applicants don't need to present TOEFL or IELTS score if
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their first language is English, or
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they obtained the bachelor's degree (or equivalent) from an institution where the medium of instruction was English.
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A bachelor's degree in Mathematics, Engineering or Physical Sciences
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Minimum Credit Requirement
36 credits
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Required Courses
At least 27 credits
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Elective Courses
Up to 9 credits
The elective courses can be any mathematics courses at 4000-level or above, or any courses outside the department at 5000-level or above, and/or MAFS 6100.
Last update: 20 January 2020
