MSc Financial Engineering

The programme targets at helping students acquire advanced quantitative skills to analyze sophisticated derivative models, price and evaluate the risk of complex financial instruments, and develop appropriate risk management strategies.

Applicants must:

• hold a bachelor’s degree from a recognized university; and
• preferably possess more than 1 year of work experience in the industry; and
• have a strong foundation in quantitative analysis.

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:

• a score of 79 (Internet-based test) in the Test of English as a Foreign Language (TOEFL)^@#; or
• an overall band score of 6.0 in International English Language Testing System (IELTS)^@##; or
• a score 490 in the new College English Test (CET-6) of Chinese mainland; or
• other equivalent qualifications.

^@TOEFL and IELTS scores are considered valid for two years. Applicants are required to provide their English test results obtained within the two years preceding the start of the University's application period. 'TOEFL iBT Home Edition', 'TOEFL MyBest Score', 'IELTS Indicator', 'IELTS One Skill Retake' and 'IELTS Online' are not acceptable. 

^# Applicants are required to arrange with the Educational Testing Service (ETS) to send their TOEFL results directly to the University. The TOEFL institution code for CityUHK is 3401.

^## Applicants are required to arrange for sending their IELTS result(s) via the IELTS Results Service e-delivery to the University. Please note that applicants with an overall band score of 6.0 will be required to pass an interview for English proficiency conducted by the concerned academic unit. Interviews for other applicants may not be required.

Core Courses

Students are required to take 8 required core courses (total 24 credit units).

• Corporate Finance
• Derivatives and Risk Management
• Investments
• Stochastic Calculus for Finance
• Professional Seminars in Finance
• Financial Computing
• Fixed Income Securities
• Option Pricing

Electives

Students can choose 2 electives (total 6 credit units) from the list below:

• Advanced Corporate Finance
• Asset Management and Hedge Fund Strategies
• Credit Risk Management
• Financial Econometrics
• Financial Systems, Markets and Instruments
• Fintech and AI in Finance
• International Financial Management
• Sustainable Finance
• An elective in the following disciplines offered by the departments of the College of Business to suit students’ interests and career development needs: Accounting, Decision analytics and Operations, Economics and Finance, Information Systems, Management, and Marketing

Department of Economics and Finance