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Postgraduate Programs 2019/20
Master of Science Program in Financial Mathematics
Award Title

Master of Science in Financial Mathematics

Program Short Name

MSc(MAFM)

Mode of Study

Both full- and part-time

Normative Program Duration

Full-time : 1.5 years
Part-time : 3 years

Program Fee

HK$210,000

Program Advisor

Program Director:
Prof Kani CHEN, Professor of Mathematics

Financial mathematics, the application of mathematical solutions to problems in finance, is an amalgam of mathematics, statistics, finance theory and computer science. As the discipline brings efficiency and rigor to financial markets, instruments and the investment process, it has become increasingly important in regulatory concern. The MSc program focuses on preparing students to be professionals in contemporary finance and wealth management. The curriculum is continuously enhanced with relevant and up-to-date courses in quantitative finance, offering new courses in machine learning, Blockchain technology, and algorithm trading, among others, to connect to the rapid changes in the regional markets. On completion of the program, students are expected to have comprehensive knowledge of financial products, solid understanding in risk management and trading strategy, and the ability to construct and apply quantitative models.

On successful completion of the program, graduates will be able to:

  1. Design and evaluate quantitative models for derivatives pricing, portfolio management and trading strategies;
  2. Formulate appropriate risk monitoring procedures in financial transactions and perform effective scenario simulation using statistical techniques in risk assessment;
  3. Devise computer systems for analysis of financial data and design numerical methods for calibration of model parameters from market data;
  4. Make appraisal of dynamics of financial markets and formulate quantitative strategies to seek investment opportunities in fund management; and
  5. Analyze problems from finance in quantitative terms and develop strategies for effective solution of the problems.
  1. Minimum Credit Requirement

    36 credits 
     

  2. Required Courses  

    At least 27 credits
     

MAFS 5010
MAFS 5020
MAFS 5030
MAFS 5040
MAFS 5110
MAFS 5130
MAFS 5140
MAFS 5210
MAFS 5220
MAFS 5230
MAFS 5240
MAFS 5250
MAFS 5260
MAFS 5270
MAFS 6010
MATH 5311
MATH 5520

 

  1. 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.
     

MAFS 6100

 

Last update: 31 July 2018

To qualify for admission, applicants must meet all of the following requirements. Admission is selective and meeting these minimum requirements does not guarantee admission.
 

1. General Admission Requirements of the University
  • 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.

2. English Language Admission Requirements

Applicants have to fulfill English Language requirements with one of the following proficiency attainments:

  • TOEFL-iBT: 80

  • TOEFL-pBT: 550

  • TOEFL-Revised paper-delivered test: 60 (total scores for Reading, Listening and Writing sections)

  • IELTS (Academic Module): Overall score: 6.5 and All sub-score: 5.5 (for 2019/20 Fall Admissions)

  • IELTS (Academic Module): Overall score: 6.0 and All sub-score: 5.5 (for 2018/19 Spring Admissions)


Applicants are not required to present TOEFL or IELTS score if

  • their first language is English, or

  • they obtained the bachelor's degree (or equivalent) from an institution where the medium of instruction was English.

3. Program-Specific Admission Requirements
  • A bachelor's degree in Mathematics, Engineering or Physical Sciences

Apply online before the application deadlines.

 

Application Fee

HK$500

Application Deadlines

For 2019/20 Fall Term Intake:

Non-local Applicants*
Full-time: 1 Feb 2019
Part-time: 1 Feb 2019

 

Local Applicants
Full-time: 1 Feb 2019
Part-time: 1 Feb 2019

* Applicants who need a student visa/ entry permit to study in Hong Kong, are considered as Non-Local Students. For details on student visa/ entry permit requirements, please click here.