HONG KONG UNIVERSITY OF SCIENCE AND TECHNOLOGY · HONG KONG
Master of Science in Financial Mathematics
Master's · Taught in en
At a glance
18 mo
Duration
—
IELTS
€27k
Tuition / yr
en
Language
Master's
Level
- 36Minimum Credits Required
- 27Minimum Required Course Credits
- 1.5 years (full-time)Full-time Duration
- 2.5 years (part-time)Part-time Duration
- HK$250,000Program Fee
The Master of Science in Financial Mathematics program at HKUST combines mathematics, statistics, finance theory, and computer science to enhance efficiency and rigor in financial markets. The curriculum is regularly updated to incorporate emerging trends, including machine learning and blockchain technology, ensuring graduates are well-prepared for the evolving quantitative finance landscape. Graduates of this program are equipped to design and evaluate quantitative models for derivatives pricing and portfolio management, implement risk monitoring procedures, and develop sophisticated systems for financial data analysis. The program fosters a strong understanding of financial markets and the ability to formulate quantitative strategies for investment and problem-solving.
Curriculum
The program requires a minimum of 36 credits, with at least 27 credits from required courses. The curriculum covers a wide range of topics essential for quantitative finance, from stochastic calculus and derivatives pricing to risk management and programming for finance.
- Core Courses
- Stochastic CalculusMAFS 5010
- Advanced Probability and StatisticsMAFS 5020
- Quantitative Modeling of Derivatives SecuritiesMAFS 5030
- Quantitative Methods for Fixed-Income InstrumentsMAFS 5040
- Quantitative Analysis of Financial Time SeriesMAFS 5110
- Statistical Methods in Quantitative FinanceMAFS 5140
- Mathematical Models of InvestmentMAFS 5210
- Quantitative Risk ManagementMAFS 5220
- Elective Courses (examples)
- Software Development with C++ for Quantitative FinanceMAFS 5240
- Mathematical Market MicrostructureMAFS 5270
- Financial Markets in Hong Kong and ChinaMAFS 5280
- Portfolio Optimization: Theory and ApplicationMAFS 5310
- Structured Products: Analysis and PricingMAFS 5330
- Machine Learning and Its ApplicationsMAFS 5340
- Computing for Finance in PythonMAFS 5360
- Reinforcement Learning with Financial ApplicationsMAFS 5370
- Entrepreneurship in FintechMAFS 5380
Careers
Graduates are prepared for a variety of roles in the financial industry, leveraging their quantitative skills to analyze markets, manage risk, and develop financial strategies.
- Quantitative Analyst (Quant)
- Derivatives Trader
- Risk Manager
- Portfolio Manager
- Financial Engineer
- Data Scientist in Finance
- Fintech Developer
Frequently asked questions
- What is the total program fee for the Master of Science in Financial Mathematics?
- The program fee is HK$250,000 for the entire program duration, applicable to both full-time and part-time students, and for both face-to-face and online study modes.
- What is the duration of the Master of Science in Financial Mathematics program?
- The program can be completed in 1.5 years on a full-time basis or 2.5 years on a part-time basis.
- What are the typical career paths for graduates of this program?
- Graduates are prepared for roles such as Quantitative Analyst, Derivatives Trader, Risk Manager, Portfolio Manager, Financial Engineer, Data Scientist in Finance, and Fintech Developer.
- What academic background is required to apply for the Master of Science in Financial Mathematics?
- Applicants need a recognized Bachelor's degree in a quantitative discipline like mathematics, statistics, physics, engineering, computer science, economics, or finance, with a strong mathematical foundation.
- How do I apply for the Master of Science in Financial Mathematics program?
- Applications are submitted through the HKUST online application portal. You will need to create an account, complete the application form, upload supporting documents, and pay the application fee.
- Are there any scholarships available for this program?
- General Postgraduate Scholarships are available for outstanding students, and details can be found on the HKUST admissions website.
Entry requirements
Bachelor's DegreeA recognized Bachelor's degree in a quantitative discipline such as mathematics, statistics, physics, engineering, computer science, economics, or finance. A strong foundation in mathematics is essential.
While specific IELTS scores are not listed on the program page, international applicants are generally required to demonstrate proficiency in English. Please refer to the general HKUST admissions requirements for details.
Fees
Tuition (international)HK$250,000
Tuition (home)—
Living—
The program fee is HK$250,000 for the entire program duration. This fee applies to both full-time and part-time students, and for both face-to-face and online modes of study.
How to apply
1. Visit the Application PortalNavigate to the HKUST postgraduate admissions application portal.
2. Create an AccountRegister for an account to start your application.
3. Complete the Application FormFill in all required personal, academic, and program-specific information.
4. Upload Supporting DocumentsSubmit academic transcripts, degree certificates, English proficiency test scores (if applicable), letters of recommendation, and other required documents.
5. Pay Application FeeSubmit the non-refundable application fee.
6. Submit ApplicationReview and submit your application before the deadline.
Scholarships
General Postgraduate ScholarshipsVaries
Hong Kong PhD Fellowship SchemeVaries
Frequently asked questions
What is the total program fee for the Master of Science in Financial Mathematics?
+
The program fee is HK$250,000 for the entire program duration, applicable to both full-time and part-time students, and for both face-to-face and online study modes.
What is the duration of the Master of Science in Financial Mathematics program?
+
The program can be completed in 1.5 years on a full-time basis or 2.5 years on a part-time basis.
What are the typical career paths for graduates of this program?
+
Graduates are prepared for roles such as Quantitative Analyst, Derivatives Trader, Risk Manager, Portfolio Manager, Financial Engineer, Data Scientist in Finance, and Fintech Developer.
What academic background is required to apply for the Master of Science in Financial Mathematics?
+
Applicants need a recognized Bachelor's degree in a quantitative discipline like mathematics, statistics, physics, engineering, computer science, economics, or finance, with a strong mathematical foundation.
How do I apply for the Master of Science in Financial Mathematics program?
+
Applications are submitted through the HKUST online application portal. You will need to create an account, complete the application form, upload supporting documents, and pay the application fee.
Are there any scholarships available for this program?
+
General Postgraduate Scholarships are available for outstanding students, and details can be found on the HKUST admissions website.