What will I learn?

Financial crises during the late 1990s have stimulated not only public interest in risk management, but also their awareness of its importance in today's investment environment. A good understanding of risk management is vital to many companies. Risk management is a highly quantified, scientific and methodological subject that is closely related to statistics. This programme is designed to fulfill the growing demand of expertise in this area which combines theories with applications to provide training to people interested in enterprising in risk management discipline. Graduates of this programme will acquire the state-of-the-art risk management expertise and will play a leading role in the risk management industry in Hong Kong and abroad. Students must complete a minimum of 24 units to graduate.

The programme comprises of coursework, seminars and research. A total of at least 30 units with a written thesis are required for graduation.

Fields of Specialisation

Risk theory, risk measures and value at risk
Time series, statistical modelling of risky processes
Fixed income modeling, credit risk and market risk
Pricing of risky claims

Which department am I in?

Faculty of Science

Study options

Full Time (Normative period: 2 years, Maximum period: 4 years)

Tuition fees

HK$42,100.00 (4,27,672) per year

Start date

Expected September 2022

Venue

The Chinese University of Hong Kong

Shatin,

Sha Tin, Hong Kong, New Territories

Entry requirements

For students from United States

Applicants must have a graduated from a recognized university and obtained a Bachelor's degree, normally with honours not lower than Second Class; or graduated from an honours programme of a recognized university with a Bachelor's degree, normally achieving an average grade of not lower than "B"; or completed a course of study in a tertiary educational institution and obtained professional or similar qualifications equivalent to an honours degree. English Language Requirements: TOEFL: 550 (Paper-based)/79 (Internet-based); IELTS (Academic): 6.5; GMAT (Verbal): Band 21.

For international students

Applicants must satisfy one of the following:

graduated from a recognized university and obtained a Bachelor's degree, normally with honors not lower than Second Class; or
graduated from an honors programme of a recognized university with a Bachelor's degree, normally achieving an average grade of not lower than "B" ; or
completed a course of study in a tertiary educational institution and obtained professional or similar qualifications equivalent to an honors degree.

In addition to the general requirements of the Graduate School, applicants should have majored in Risk Management Science, Mathematics, Statistics, Finance, or a related field.

To fulfill the University’s minimum English language requirements for admission to postgraduate programmes, applicants should have:

obtained a degree from a university in Hong Kong or taken a degree programme of which the medium of instruction was English; or

achieved scores in the following English Language tests2 as indicated:

TOEFL: 550 (Paper-based)/79 (Internet-based);
IELTS (Academic): 6.5;
GMAT (Verbal): Band 21; or

obtained a pass grade in other English language requirements equivalent to HKDSE or

obtained a recognized professional qualification, provided that the examination was conducted in English.

*There may be different IELTS requirements depending on your chosen course.

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Master of Philosophy (MPhil) in Risk Management Science The Chinese University of Hong Kong