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Master of Science in Mathematics for Finance and Actuarial Science
金融與精算數學理學碩士
Award Title:
Master of Science in Mathematics for Finance and Actuarial Science
金融與精算數學理學碩士
(Combined mode, Non-UGC Funded)
Normal Study Period:
- 1 year (full-time)
- 2 years (part-time/combined mode)
Maximum Period of Study:
- 2.5 years (full-time)
- 5 years (part-time/combined mode)
Minimum overall units = 30 Programme Aims
This programme aims to
1. produce analytic, business-aware graduates with solid background in financial engineering, actuarial science and risk management;
2. equip students with theoretical knowledge, statistical methods and computational skills for developing financial and actuarial services within international business context;
3. integrate mathematical skills acquired in the curriculum with contemporary finance theory and information technology;
4. develop competence in an ability of applying mathematical and computing techniques to practical problems of quantitative finance and actuarial science; and
5. train students up to an academically qualified level for a professional career in finance and actuarial science.
Programme Intended Learning Outcomes (PILOs)
Upon successful completion of this Programme, students should be able to
1. explain clearly the basic principles of mathematical finance and actuarial science;
2. evaluate and develop financial and actuarial business opportunities;
3. apply mathematical and statistical tools in analyzing sophisticated financial products and actuarial operations;
4. develop quantitative models for pricing derivative securities, managing trading strategies and simulating market scenarios;
5. support accounting and marketing activities with techniques of risk management and portfolio assessment;
6. address business issues on interpretation and quantification of financial risks with state-of-the-art methodology; and
7. undertake practice of actuaries and financial engineers in an intellectual manner.
1. Programme Core (15 credit units)
Course Code | Course Title | Credit Units | MA5620 | Actuarial Science | 3 | MA5621 | Mathematical Methods for Finance and Actuarial Science | 3 | MA5622 | Statistical Methods for Stochastic Models in Finance and Actuarial Science | 3 | MA6621 | Programming and Computing in Finance and Actuarial Science | 3 | EF5052 | Investments | 3 |
2. Programme Electives (Minimum 15 credit units from the indicative elective list below)
Course Code | Course Title | Credit Units | MA5601 | Applied Partial Differential Equations | 3 | | MA5623 | Mathematical Models and Methods in Asset
Management | 3 | | MA5624 | Seminars in Mathematics for Finance and
Actuarial Science | 3 | | MA6609 | Statistical Methods in Science and Technology | 3 | | MA6612 | Numerical Partial Differential Equations | 3 | MA6617 | Dissertation | 6 | MA6620 | Advanced Actuarial Science | 3 | MA6622 | Model Calibration in Finance and Actuarial
Science | 3 | MA6623 | Advanced Mathematical Methods for Finance and Actuarial Science | 3 | | MA6625 | Mathematical Methods for Risk Management | 3 | | MA6627 | Stochastic Interest Rate Models | 3 | MA6653 | Special Topics in Actuarial Science | 3 | EF5210 | Option Pricing | 3 |
Students may take a maximum of 3 credits elective in their final year of studies from the following list of specified courses offered by the departments of EF and MS. Course Code | Course Title | Credit Units | EF5080 | Advanced Topics in Financial Engineering | 3 | | EF5157 | Fixed Income Securities | 3 | | EF5340 | Credit Risk Management | 3 | MS6211 | Statistical Modeling in Risk Management | 3 | | MS6215 | Forecasting Methods for Business | 3 | MS6711 | Data Mining | 3 |
Intermediate Award: N/A Additional Notes: a) Notes to Visiting Postgraduate Students
Certificate of Completion
Visiting postgraduate students are required to participate fully in the selected course(s), including attendance in lectures/tutorials/seminars, completion of coursework, and pass in examinations (if applicable). Those who have successfully completed the selected course(s) and fulfilled the specific requirements set by the department will earn the credits of the selected course(s) and receive a Certificate of Completion.
Certificate of Attendance
Visiting postgraduate students are required to attend at least 75% of the lectures/tutorials/seminars of their selected course(s). Upon fulfilling the attendance requirements of the selected course(s), the visiting postgraduate students will be issued a Certificate of Attendance but no credits will be earned.
b) Credits Transfer
Total credit unit transfer of a student cannot exceed 9 credit units for the whole degree programme and the courses for transfer must be taken by the student within 3 years from the date of application of transfer exercise.
Related Links
Department of Mathematics
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