MSc Financial Mathematics and Statistics



What will I learn?

Programme Aims and Objectives


This programme is offered by the Department of Mathematics of City University of Hong Kong. The programme emphasizes the development of students’ ability to evaluate and develop financial business and statistical models. It also provides students with the theoretical knowledge necessary for complex financial and insurance operations. Furthermore, the programme enhances their mathematical and computational skills in Financial Mathematics and Risk Management.

Graduates should be able to price various modern financial and insurance products and to assess and manage financial and insurance risks. The programme will significantly enhance the competitiveness of its graduates in the job market. It is expected that students majoring in Financial Engineering, Actuarial Science, Mathematics, Statistics, Physics, Engineering, Computing and Information Technology, etc. as well as professionals from both finance and insurance industries will benefit from this master degree programme.

Unique Features

The programme aims to produce analytical graduates with business awareness as well as solid background in financial engineering and risk management, and to equip students with relevant theoretical knowledge as well as statistical and computational skills in a global business context.

Students will conduct research projects with faculty members. Through classroom learning and interaction with their supervisors, students will understand the new cutting-edge techniques and develop their interests in research. Such experience will serve as the foundation for students to pursue a PhD degree.

Graduates will be equipped with mathematical skills, contemporary finance theory and information technology knowledge, and be ready for a professional career in finance/statistical industries.

Which department am I in?

College of Science

Study options

Full Time (Normal Study Period: 1 year (2-3 semesters), Maximum Study Period: 2.5 years)

Tuition fees
HK$156,600.00 (16,61,468) per year
HK $5,220 per credit
Start date

Expected September 2023


City University of Hong Kong

Tat Chee Avenue,

Kowloon City, Hong Kong, Kowloon

Entry requirements

For students from United States

Applicants must hold a bachelor's degree of one of the universities in Hong Kong or of an overseas institution recognized for this purpose by the University; or hold such other qualifications as deemed acceptable by the University as equivalent. English Language Requirements: a TOEFL score of 550 (paper-based test) or 79 (internet-based test); or an overall band score of 6.5 in International English Language Testing System (IELTS); or band 6 in the Chinese mainland's College English Test; or other equivalent qualifications

For international students

To be eligible for admission, you must satisfy the General Entrance Requirements and the following programme specific entrance requirement:

  • have a first degree or a postgraduate degree in science and engineering (Mathematics, Physics, Statistics, Computer Science, Engineering, etc.), or in a related discipline (Economics, Finance, Actuarial Science); or equivalent.

Applicants whose entrance qualification is obtained from an institution where the medium of instruction is NOT English should also fulfill the following minimum English proficiency requirement:

  • TOEFL score 550 (paper-based test) or 79 (internet-based test); or
  • Overall band 6.5 in International English Language Testing System (IELTS); or
  • Score 450 in the new College English Test (CET-6) of Chinese mainland or a pass in the old CET-6 test; or
  • Other equivalent qualifications.​

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


Get in touch