What will I learn?

Programme Aim and Objectives:

To produce graduates with strong operational research, risk analysis and statistical skills and a thorough understanding of their applications in the world of modern operational research and risk analysis. The education is to develop students’ analytical, critical and communication skills which will enable them to pursue a variety of jobs related to operational research and risk analysis, in areas such as logistics service providers, retail, banking, and procurement/sourcing and supply chain functions and modern financial product development and pricing. Operational Research, Risk Analysis, Mathematics and Statistics are fundamental yet constantly developing subjects. As well as being a discipline in its own right, they form the basis of modern commercial, financial, industrial and technological activities. Mathematical / Operational Research / Statistical models underpin many aspects of operational research and risk analysis today.

To provide a solid theoretical foundation of Operational Research, Risk Analysis and Statistics to its students, who will then be able to develop an outlook and powerful methodology that remains valuable in whatever career they pursue in the fast moving world of business, commerce, finance and insurance.

Characteristics

Hong Kong is a gateway between East and West. Hong Kong, as a global service centre, plays a major role in interfacing between suppliers and customers around the world. To retain its leading competitive position in serving international markets, it is crucial for Hong Kong businesses to embrace best practices in operational research. As a result, companies are increasingly looking for innovative leaders with the vision and skill to manage their logistics. Moreover, this programme helps provide graduates with training in risk analysis who can serve policy makers and institutional investors, with foci on various types of financial products such as mutual funds and hedge funds.

Career Prospect

Graduate would be able to pursue a variety of jobs related to operational research and risk analysis, in areas such as logistics service provision, retail, banking, procurement/sourcing and supply chain functions, and modern financial product development and pricing.

Study options

Full Time (1.5 years)

Tuition fees
HK $5,000 Per Credit

*Price shown is for indicative purposes, please check with institution

Application deadline

Expected May 2021

More details

Start date

Expected September 2021

Venue

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, Finance, Economics or the equivalent. (Industrial or business experience will be an asset).

For applicants who are not native English speakers and whose first degree qualifications are not obtained through the English medium, they are required to obtain one of the following to ensure that our admittees have reached a compatible English language standard:

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).

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About this uni

The high-quality education provided by the Faculty is supported by research work of exceptional quality.

  • Vibrant and dynamic teaching and learning environment
  • Application-oriented teaching and internship opportunities
  • Robust facilities & funding support for research
  • International recognition for the Faculty’s breakthroughs