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Master of Science in Financial Mathematics and Statistics
Programme
Master of Science in Financial Mathematics and Statistics
理學碩士(金融數學與統計)
Award Title
Master of Science in Financial Mathematics and Statistics
理學碩士(金融數學與統計)
Offering Academic Unit
Department of Mathematics
Mode of Study
Combined mode

Normal Period of Study

- 1 year (full-time)
- 2 years (part-time/combined mode)

Maximum Period of Study

- 2.5 years (full-time)
- 5 years (part-time/combined mode)

Credit Units Required for Graduation

30

Programme Aims

This programme aims to:

  1. produce analytic, business-aware graduates with solid background in financial engineering and risk management;
  2. equip students with theoretical knowledge, statistical methods and computational skills for developing financial services within international business context;
  3. integrate mathematical skills acquired in the curriculum with contemporary finance theory and information technology;
  4. develop competence in an ability of applying mathematical and computing techniques to practical problems of quantitative finance; and
  5. train students up to an academically qualified level for a professional career in finance.

Programme Intended Learning Outcomes (PILOs)

Upon successful completion of this Programme, students should be able to:

  1. explain and analyze the basic principles of mathematical finance;
  2. evaluate and investigate contemporary issues on financial business opportunities;
  3. apply mathematical and statistical tools in analyzing sophisticated financial products;
  4. design and evaluate quantitative models for pricing derivative securities, managing trading strategies and simulating market scenarios;
  5. engage in accounting and marketing activities with techniques of risk management and portfolio assessment;
  6. note and critique business issues on interpretation and quantification of financial risks with state-of-the-art methodology; and
  7. undertake general practice of financial engineers in an intellectual manner.

Programme Requirements



1.       Core Courses (15 credit units)
Course CodeCourse TitleCredit Units
MA5616Financial Mathematics in Derivative Markets3
MA5617Statistical Data Analysis3
MA5618Stochastic Analysis in Finance3
MA6629Advanced Stochastic Analysis in Finance3
MA6633Statistical Modelling for Data Mining3

2.       Electives (Minimum 15 credit units from the indicative elective list below)
Course CodeCourse TitleCredit UnitsRemarks
EF5042Corporate Finance3
EF5340Credit Risk Management3
MA5601Applied Partial Differential Equations3
MA6612Numerical Partial Differential Equations3
MA6617Dissertation6
MA6627Stochastic Interest Rate Models3
MA6628Programming and Computing in Financial Engineering3Students are required to take at least one elective from MA6628, MA6630 and MA6631 during their studies.
MA6630Introduction to Statistical Learning3Students are required to take at least one elective from MA6628, MA6630 and MA6631 during their studies.
MA6631Special Topics3Students are required to take at least one elective from MA6628, MA6630 and MA6631 during their studies.
MA6632Statistical Analysis of Financial Big Data3
MS6211Statistical Modelling in Risk Management3

Additional Information

a)   To Visiting Postgraduate Students

 

Certificate of Completion

Visiting postgraduate students are required to participate fully in the selected course(s), including attendance in lectures/tutorials/seminars, completion of coursework, and pass in examinations (if applicable). Those who have successfully completed the selected course(s) and fulfilled the specific requirements set by the department will earn the credits of the selected course(s) and receive a Certificate of Completion.

 

Certificate of Attendance

Visiting postgraduate students are required to attend at least 75% of the lectures/tutorials/seminars of their selected course(s). Upon fulfilling the attendance requirements of the selected course(s), the visiting postgraduate students will be issued a Certificate of Attendance but no credits will be earned. 

 


b)   Credits Transfer

Total credit unit transfer of a student cannot exceed 9 credit units for the whole degree programme and the courses for transfer must be taken by the student within 3 years from the date of application of transfer exercise.