Master of Science in Financial Mathematics
MSc(MAFM)
Both full- and part-time
Full-time : 1.5 years
Part-time : 2.5 years
HK$210,000
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:
- 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.
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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.
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Remarks
Part-time students may take a maximum of 9 credits in each term.
Last update: 30 January 2023
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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TOEFL-Revised paper-delivered test: 60 (total scores for Reading, Listening and Writing sections)
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IELTS (Academic Module): Overall score: 6.5 and All sub-score: 5.5
Applicants are not required 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
