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What will I learn?

Programme Aims:

The main aim of the Actuarial and Investment Science (AIS) specialism is to provide students with a solid foundation of actuarial and investment science. Graduates will become leading professionals in addressing business and societal problems that require identification, quantification, assessment or management of the financial implications of risk.

Characteristics

The programme provides graduate-level subjects with an emphasis on the advanced methodologies and techniques of actuarial and investment science that are useful to financial and actuarial professionals.

Our focus is on applications and the use of software packages to handle real-world data and solve practical problems.

Recognition & Prospects

Our graduates become leading professionals in tackling business and societal problems that require identification, quantification, assessment or management of the financial implications of risk.

In recent years our graduates in Actuarial and Investment Science specialism have continuously secured internship positions in leading insurance companies and investment banks as actuaries and data analysts in both Hong Kong and Mainland China.

Curriculum

Programme Structure

A student studying for the MSc (AIS) award must complete 7 Compulsory Subjects (21 credits), and 3 Core Subjects (9 credits) or a Dissertation (9 credits).

Core Areas of Study

Seven Compulsory Subjects (21 credits)

  • Credibility Theory
  • Investment Science
  • Life Contingencies
  • Loss Models & Risk Analysis
  • Mathematics of Finance
  • Probability & Stochastic Models
  • Statistical Inference

Three Core Subjects from the following list or a Dissertation

  • Applied Linear Models
  • Decision Analysis
  • Forecasting & Applied Time Series Analysis
  • Mathematical Modelling for Science & Technology
  • Mathematics of Derivative Pricing
  • Optimal Control with Management Science Applications
  • Optimization Methods
  • Principles of Corporate Finance
  • Simulation
  • Statistical Data Mining

Which department am I in?

Faculty of Applied Science and Textiles

Study options

Full Time (2 years)

Tuition fees
HK$97,500.00 (9,90,451) per year
HK $6,500 per credit
Application deadline

Expected April 2023

More details

Start date

September 2022

Venue

The Hong Kong Polytechnic University

ST305, 3/F, Ng Wing Hong Building,

Hung Hom,

Kowloon City, Hong Kong, Kowloon

Entry requirements

For students from United States

Applicants must have a Bachelor's degree from an institution that is recognized by PolyU. In addition, you must meet the entrance requirements that are specified by individual programmes. PolyU may accept equivalent qualifications. The decision is made on an individual basis. A Test of English as a Foreign Language (TOEFL) score of 80 for the Internet based test or 550 for the paper-based test; OR An overall Band Score of at least 6 in the International English Language Testing System (IELTS).

For international students

A Bachelor's degree with Honours in engineering, computer science, basic science, business, economics, or the equivalent (industrial or business experience will be an asset).

If you are not a native speaker of English, and your Bachelor's degree or equivalent qualification is awarded by institutions where the medium of instruction is not English, you are expected to fulfil the following minimum English language requirement for admission purpose, unless otherwise specified by individual programmes concerned:

  • A Test of English as a Foreign Language (TOEFL) score of 80 for the Internet-based test or 550 for the paper-based test;
  • OR
  • An overall Band Score of at least 6 in the International English Language Testing System (IELTS).

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

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About The Hong Kong Polytechnic University

PolyU ranks 66th in the QS World University Rankings and 91st in the Times Higher Education World University Rankings internationally.

  • Recognised worldwide for its academic reputation
  • Enjoys impactful research practices in different fields
  • Boasts world-class facilities
  • Welcomes international students from over 30 countries

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