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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 the identification, quantification, assessment or management of the financial implications of risk.


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.

The focus is on applications and the use of computer 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.


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

  • Advanced Topics in Actuarial Science
  • 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
  • Simulation
  • Statistical Data Mining

Study options

Full Time (2 years)

Tuition fees
HK$90,000.00 (9,14,262) per year
HK $6,000 per credit
Application deadline

Expected April 2023

More details

Start date

Expected September 2022


Faculty of Applied Science and Textiles, The Hong Kong Polytechnic University

The Hong Kong Polytechnic University,

Room TU502 Yip Kit Chuen Building,

Kowloon City, Hong Kong, Kowloon

Entry requirements

For students from United States

To register for the degree of MPhil, a student shall hold: A Bachelor’s degree with first or second class honours of The Hong Kong Polytechnic University or a recognized university; or other academic qualifications which are deemed to be equivalent. PolyU may accept other equivalent qualifications. The decision is made on an individual basis. The requirements for those who do not have a degree for which English was the language of instruction at a recognized university are: An overall score of at least 6.5 (with score for the writing component at 6.0 or above) in the International English Language Testing System (IELTS); OR A Test of English as a Foreign Language (TOEFL) score of 80 or above for the Internet-based test (with a writing score of 23 or above) or 550 or above for the paper-based test (with a score of 4 or above in the Test of Written English). Alternatively, consideration will be given to acceptable scores in other internationally recognized public examinations, such as the Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). All English language test scores are considered valid for five years after the date of the test.

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;
An overall Band Score of at least 6 in the International English Language Testing System (IELTS).


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