CITY UNIVERSITY OF HONG KONG · HONG KONG
MSc Financial Mathematics and Statistics
Master's · Taught in en
At a glance
12 mo
Duration
6.0
IELTS
€21k
Tuition / yr
en
Language
Master's
Level
- 1 yearFull-time study period
- 30-31Credit units required
- Evening/Saturday classesFlexible schedule
- Research opportunitiesPotential for PhD foundation
- Applied and computational focusDepartment strength
The MSc in Financial Mathematics and Statistics program equips students with the skills to develop and evaluate financial, business, and statistical models. It provides a strong theoretical foundation for complex financial and insurance operations, enhancing mathematical and computational abilities in financial mathematics and risk management. Graduates will be prepared to price financial products and manage financial and insurance risks, significantly boosting their competitiveness in the job market. The program is ideal for those with backgrounds in Financial Engineering, Actuarial Science, Mathematics, Statistics, Physics, Engineering, Computing, or professionals in the finance and insurance industries. It aims to produce analytical graduates with business acumen, a solid grounding in financial engineering and risk management, and relevant theoretical knowledge alongside statistical and computational skills for a global business context. Unique features include research projects with faculty, offering insights into cutting-edge techniques and fostering research interests, which can serve as a foundation for PhD studies. The Department of Mathematics at CityUHK specializes in applied and computational mathematics with a strong faculty of active researchers.
Curriculum
Students are required to complete a minimum of 30 or 31 credit units, comprising 15 credit units of core courses and 15 or 16 credit units of elective courses.
- Core Courses
- Financial Mathematics in Derivative Markets
- Statistical Data Analysis
- Stochastic Analysis in Finance
- Advanced Stochastic Analysis in Finance
- Statistical Modelling for Data Mining
- Elective Courses
- Applied Partial Differential Equations
- Numerical Partial Differential Equations
- Project
- Dissertation
- Statistical Methods and Calibration in Finance and Actuarial Science
- Stochastic Interest Rate Models
- Programming and Computing in Financial Engineering
- Introduction to Statistical Learning
- Special Topics
- Statistical Analysis of Financial Big Data
- Reinforcement Learning and Its Applications in Finance
- Times Series Analysis (Department of Biostatistics)
- Corporate Finance (Department of Economics and Finance)
- Credit Risk Management (Department of Economics and Finance)
Frequently asked questions
- What are the tuition fees for non-local students for the MSc Financial Mathematics and Statistics program?
- The tuition fee for non-local students is HK$190,000 per academic year. An acceptance fee of HK$15,000 is also required upon accepting the offer.
- How many credit units are required to complete the MSc Financial Mathematics and Statistics program?
- You are required to complete a minimum of 30 or 31 credit units, consisting of 15 credit units of core courses and 15 or 16 credit units of elective courses.
- What is the duration of the MSc Financial Mathematics and Statistics program?
- The program has a full-time study period of 1 year.
- What are the academic and English language entry requirements for this program?
- You need a first degree or postgraduate degree in science, engineering, mathematics, statistics, computer science, economics, finance, actuarial science, or a related discipline. For English proficiency, a TOEFL score of 79, IELTS overall of 6.0 (may require an interview), or CET-6 score of 450 is required.
- When is the application deadline for the MSc Financial Mathematics and Statistics program?
- The application deadline is February 28, 2026. However, applications are reviewed on an ongoing basis from before the deadline until places are filled, so early application is encouraged.
- What kind of career opportunities can graduates expect after completing this program?
- Graduates are prepared for professional careers in finance and statistical industries, equipped with skills in mathematical modeling, finance theory, and IT knowledge to enhance their job market competitiveness.
Entry requirements
First degree or postgraduate degreeIn science and engineering (Mathematics, Physics, Statistics, Computer Science, Engineering, etc.), or in a related discipline (Economics, Finance, Actuarial Science), or equivalent.
TOEFL (Internet-based)79
IELTS6.0 overall (may require interview)
CET-6450
TOEFL and IELTS scores are valid for two years. 'TOEFL iBT Home Edition', 'TOEFL MyBest Score', 'IELTS Indicator', 'IELTS One Skill Retake' and 'IELTS Online' are not accepted. For IELTS, an overall band score of 6.0 may require an interview.
Fees
Tuition (international)HK$190,000 per academic year
Tuition (home)HK$47,000 (2026/27) - HK$49,500 (2027/28)
LivingHK$50,000 – HK$60,000 per academic year
Tuition fees are subject to annual review. Acceptance Fee for Non-local Students: HK$15,000.
How to apply
1. Check EligibilityEnsure you meet the general and programme-specific entrance requirements, including academic qualifications and English proficiency.
2. Prepare DocumentsGather academic transcripts, degree certificates, English proficiency test results (TOEFL/IELTS), and any other required documents.
3. Submit ApplicationComplete and submit the online application form. For non-local students, the application fee is HK$450 (up to 3 programme choices).
4. Attend Interview (if required)Applicants with an IELTS score of 6.0 may be required to attend an interview for English proficiency assessment.
5. Receive OfferIf successful, you will receive an admission offer. For non-local students, an acceptance fee of HK$15,000 is required upon accepting the offer.
Frequently asked questions
What are the tuition fees for non-local students for the MSc Financial Mathematics and Statistics program?
+
The tuition fee for non-local students is HK$190,000 per academic year. An acceptance fee of HK$15,000 is also required upon accepting the offer.
How many credit units are required to complete the MSc Financial Mathematics and Statistics program?
+
You are required to complete a minimum of 30 or 31 credit units, consisting of 15 credit units of core courses and 15 or 16 credit units of elective courses.
What is the duration of the MSc Financial Mathematics and Statistics program?
+
The program has a full-time study period of 1 year.
What are the academic and English language entry requirements for this program?
+
You need a first degree or postgraduate degree in science, engineering, mathematics, statistics, computer science, economics, finance, actuarial science, or a related discipline. For English proficiency, a TOEFL score of 79, IELTS overall of 6.0 (may require an interview), or CET-6 score of 450 is required.
When is the application deadline for the MSc Financial Mathematics and Statistics program?
+
The application deadline is February 28, 2026. However, applications are reviewed on an ongoing basis from before the deadline until places are filled, so early application is encouraged.
What kind of career opportunities can graduates expect after completing this program?
+
Graduates are prepared for professional careers in finance and statistical industries, equipped with skills in mathematical modeling, finance theory, and IT knowledge to enhance their job market competitiveness.