®

Master of Science in
Finance

Academic Rigor and Best Practices in

Investment Management & Financial Analysis
Contents

3 About HKUST Business School

5 Message from the Academic Director

6 Program

11 Feature Faculty

13 International Exchange

15 Students & Alumni

17 Student Testimonials

19 Careers & Enrichment

20 Campus Life

21 Admissions
About HKUST Business School

Established in 1991, the School of Business and We are recognized as one of the youngest and most

Management at the Hong Kong University of Science respected business schools in Asia. Our programs are

and Technology (HKUST Business School) is young, highly regarded for their cutting-edge design and

dynamic and very well respected for the quality of its delivery, and are consistently ranked among the very

programs and the impact of its research. best in the world by international media.

We are the first business school in the region to be

accredited by both the US-based Association to

Advance Collegiate Schools of Business (AACSB

International) and the European Quality Improvement

System (EQUIS). The degrees offered by the HKUST

Business School are recognized globally.

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Finance
 Financial Times 2007, 2009-2013, 2016-2018, 2020, 2022
Executive MBA Rankings 2007, 2009-2013, 2016-2018, 2020, 2022
Joint EMBA Program by QS 2017 & 2019
WORLD NO. 1
Kellogg-HKUST Executive MBA Program

Financial Times 2008-2021

Global MBA Rankings 2010-2021
WORLD TOP 22
HKUST MBA Program

University of Texas at Dallas

Business School Research Rankings 2005-2022
ASIA NO. 1
HKUST Business School

QS Business Masters Rankings 2018-2022

ASIA NO. 1
WORLD TOP 33
HKUST Master of Science in Finance Program*

Times Higher Education

Young University Rankings 2018-2020
WORLD NO. 1

QS World University Rankings 2022

WORLD TOP 34
HKUST Business School
*The Master of Science in Finance (MFin) program grew out from the integration of the
MSc in Investment Management (MSc IM) and MSc in Financial Analysis (MSc FA)
programs and receiving its first cohort in academic year 2020/21.

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Finance
Message from the Academic Director

Our MSc in Finance (MFin) program prepares you for the exciting challenges that await you as a finance professional.
We cover all of the critical areas in investment management and financial analysis. You will learn modern techniques
and frameworks that sharpen your financial decision-making skills. Our world-class faculty and experienced industry
practitioners will inspire you to tackle real-life finance problems with analytical rigor and creativity, and you will learn
how to develop innovative, value-creating solutions to practical problems.

Our MSc program builds on the excellence of HKUST's Department of Finance, which is renowned for its research
since its inception in 1991. It is the only finance department in the Asia-Pacific region whose research activities have
been consistently ranked in the top 30 globally over the last three decades. You might well learn a few cutting-edge
ideas from our faculty even before they are incorporated into the finance industry.

Our MSc programs have a proud history of excellence for more than 20 years. Historically, our MSc in Investment
Management (MSc IM) program has operated on a part-time
basis since 1996; the MSc in Financial Analysis (MSc FA) program
was added in 2002; the full-time MSc IM program was launched
in 2014. Since 2020-21 intake, both of our prestigious programs
namely MSc IM and MSc FA programs have been integrated into
our exciting new MSc in Finance (MFin) program. We have
streamlined the programs while keeping the strengths of both.
These programs have trained and graduated well over 2,000
students, many of whom have taken up key roles and been
impactful figures in the finance industry. Our alumni tell us that
our MSc programs are the most important investment they have
made in their careers. Come join their ranks through the MFin
program!

Hong Kong sits at the very center of finance for Asia and much of
the world and at the confluence of East and West. It is an exciting
and dynamic city, constantly adjusting to the rapidly-changing
world of finance. Our rebranded MFin program will help you
develop a global view of finance, and jump-start your career in
the finance industry.

Prof. Zhanhui CHEN

MFin Academic Director

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Program

Program Design
Our Master of Science in Finance (MFin) program grew out of the integration of the MSc in Investment Management
(MSc IM) and MSc in Financial Analysis (MSc FA) programs in 2020. Both programs have been widely recognized by
finance professionals as premier academic programs.

The new program has been designed to provide rigorous training for students interested in professional careers in
the finance industry. The curriculum is structured to meet the growing and specialized demands of the industry.

The program begins with a solid foundation of courses in corporate finance, investment analysis, empirical methods,
fixed-income securities, and financial derivatives, which are the core subjects in the Chartered Financial Analysts
(CFA), Chartered Alternative Investment Analyst (CAIA), and Financial Risk Management (FRM) examinations
curriculums.

The MFin program offers a wide range of elective courses to equip students with the cutting-edge finance knowledge
and skills required for career advancement and continual professional development.

During the program, enrichment activities and luncheon talks are organized to provide students with platforms for
networking with industry practitioners in Hong Kong. In addition, study tours can be arranged during the semester
break. Study tours help students to understand the industry landscape, develop applied skills in industry and
company analysis, and network with industry practitioners outside Hong Kong.

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Program Curriculum
Students must complete a minimum of 30 credits (15 courses) of coursework to graduate, including 10 credits of core
courses (5 courses) and 20 credits of elective courses (10 courses) offered by MSc in Finance program.

Core Courses
Corporate Derivatives Empirical Methods Fixed Income Investment
Finance Analysis in Finance Analysis Analysis

Elective Courses
Students may choose to declare ONE concentration (Investment Management or Financial Analysis) by
taking five designated elective courses or graduate without electing a concentration by taking any 10
elective courses.

Sample elective courses offered under each concentration

Investment Management Financial Analysis

Commodities, Trade Financial Modeling Advanced Topics in Financial Data Analysis

Finance and Financial Management
Infrastructures

Equity Investment Green Finance: Markets Advanced Venture Venture Capital and
Management and Institutions Capital Investing Private Equity

Equity Valuation Market Microstructure Asia’s Stock Markets Mergers, Acquisitions

and Restructuring

ESG Investing Risk Management for Decision Making in Real Estate Financing
Financial Institutions Financial Institutions

FinTech Analytics Wealth Management Family Business VC Entrepreneurships

*The above elective courses and concentrations offered in each academic year are subject to change
at the discretion of MSc Programs Office and student demand.

Sample Study Plan

1-year
Fall Term (Sept – Dec) Spring Term (Feb – May)
• Core courses • Elective courses
• Elective courses

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CORE COURSES (10 CREDITS)
FINA 5120 Corporate Finance (2 credits) FINA 5250 Empirical Methods in Finance (2 credits)
Valuation of cash-flow streams (PV of cash flow This course covers the techniques of empirical
streams, annuities, and perpetuities), valuation of investigation in finance. Students are introduced to
bonds, valuation of stocks using dividend discount recent empirical findings based on asset pricing and
models, capital budgeting decisions (NPV, IRR, corporate finance models. The course includes a
payback), capital structure, limits to the use of debt selection of econometrics and their financial
(trade-off models), estimation of the cost of debt and applications. Students apply these techniques using a
equity, WACC, and terminal value. programming language.

FINA 5210 Investment Analysis (2 credits) FINA 5290 Derivatives Analysis (2 credits)
It develops the concepts and analytical skills needed Basic characteristics of derivatives instruments such
to build and analyze investment portfolios and solve as forwards, futures, options, and swaps. Topics
real-world problems. This course first introduces the include the pricing of futures and forward contracts,
background for investments, e.g., financial markets forward-spot basis risk, option strategies, put-call
and investment instruments. Then it explores the risk parity, and an introduction to the Black-Scholes
and return characteristics that lead to diversification model. The development and use of interest rates
benefits, modern portfolio theory, asset pricing and currency swaps are also discussed.
theory, and factor investing. The course also
investigates how asset prices reflect information and FINA 5360 Fixed Income Analysis (2 credits)
the informational efficiency of financial markets. Includes techniques in fixed-income portfolio
management and the introduction of fixed-income
derivatives. Topics include term-structure theories,
yield-curve fitting techniques and yield-curve trading
strategies, portfolio performance evaluation, floating
rate securities, forward-rate agreements, bond and
interest rate futures, and interest rate swaps.

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SAMPLE ELECTIVE COURSES
FINA 5140 Advanced Topics in Financial Management FINA 5220 Equity Investment Management (2 credits)
(2 credits) Investment Management Concentration
Financial Analysis Concentration The course covers the complete investment process
Valuation of projects (advanced capital budgeting); including constructing investment objectives, outlining
estimating cost of capital; risk assessment of projects; investment policies, choosing asset allocations,
decision tree analysis; real option valuation of monitoring investments, and measuring performance.
projects; warrants and convertibles; leasing; dividend Practical issues relating to investment style, active
policy. management, and passive management are discussed.
Advanced techniques in portfolio construction such
FINA 5190 Family Business (2 credits) as the Black-Litterman model and multi-factor models
Financial Analysis Concentration are covered.
This course is tailored for individuals who are currently
working in or are contemplating to work in a family FINA 5230 ESG Investing (2 credits)
business, either as a family member or a non-family Investment Management/ Financial Analysis
executive. The material covered also gives greater Concentration
understanding of the dynamics of family business for This course puts together a collection of industry
current or future private and investment bankers, cases, projects, and academic papers on Sustainable
family office professionals, accountants, lawyers and Investing, also known as ESG investing, which it is an
other service professionals working closely with investment approach that integrates three additional
families of wealth in the region. factors — environment (E), social (S) and governance
(G), into security analysis and portfolio allocation.
Students learn that financial analysis with ESG
integration provides the basis for more informed
investment decisions.

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SAMPLE ELECTIVE COURSES
FINA 5240 FinTech Analytics (2 credits) their portfolios. Furthermore, this course will enable
Investment Management/ Financial Analysis students to absorb the analytical arguments in the
Concentration technical publications - the in-house research notes of
The course is based on the open-source Python financial institutions and in practitioner oriented
language that provides a wide variety of statistical journal - that deal with alternative investments and to
and graphical techniques, and is well-suited for data apply them.
manipulation, calculation, and graphical display. The
remainder of the course covers a general introduction FINA 5470 Mergers, Acquisitions & Restructuring
to Python, and then illustrates the use of specific tools (2 credits)
such as matrix manipulation, optimization, random Financial Analysis Concentration
numbers and simulation, etc. with financial This course focuses on the design, analysis, and
applications. implementation of financial strategies aimed at
repositioning and revitalizing companies. Corporate
FINA 5390 Venture Capital & Private Equity (2 credits) value creation by restructuring a company or by
Financial Analysis Concentration undergoing a business combination.
Private Equity (PE), including Venture Capital (VC),
has become an increasingly important asset class for FINA 5600 Real Estate Financing (2 credits)
most institutional investors. This course shall focus on Investment Management/ Financial Analysis
the most recent developments of the VCPE industry Concentration
and also provide an overview to the participants. This This course focuses on how real estate financing is
course shall examine how PE and VC work, mitigate undertaken and the key considerations for the
risks, and generate returns and will also discuss the borrower and the lender. It focuses on the key steps in
processes ranging from screening to exiting deals, a transaction life-cycle and requires participants to
including fund governance. prepare basic cash-flow models, approval memos,
and negotiate term-sheets. The course also includes
FINA 5410 Market Microstructure (2 credits) additional case studies on hedging and considerations
Investment Management Concentration of cross-border real estate financings.
The course is designed to provide students with an
overview of how supply equals demand in real-world FINA 5840 Financial Modeling (2 credits)
financial markets. After taking this course , students Investment Management Concentration
would be able to appreciate the frictions existing in This is a course about financial modeling. The goal is
actual financial markets - bid-ask spreads, trade to make financial models that provide useful answers
impact on price, brokerage commissions, quantity to questions concerning the economy. Selected
limitations, time delays, market manipulation, etc. - topics that lend themselves to financial modeling are
and be able to devise trading strategies that minimize covered, such as (but not limited to) loan amortization
these frictions. schedules, valuation and private equity, equity
derivatives, mutual fund performance and style
FINA 5450 Hedge Funds (2 credits) analysis, fixed income derivatives, and optimal
Investment Management Concentration portfolio selection.
The course aims at to give students a solid
understanding and workable knowledge of the
techniques that should be part of the tool kit of
anyone investing in, analyzing and/or advising private
and institutional clients on the inclusion of alternative *The above elective courses may be subject to change at the
investments - and more specifically hedge funds - in discretion of the MSc in Finance Program Office.

Master of Science in
Finance 10
Featured Faculty

Recognized as one of the few institutions in the Asia Pacific region that is known internationally for its high standing
in the world of research, the HKUST Business School is blessed with a strong and internationally renowned faculty.
Besides being a group of active researchers, many of them are well-known leaders in their specific academic fields.
The MFin program has also recruited a number of industry practitioners to teach electives in their areas of expertise.
Students are therefore assured that they can learn both state-of-the art academic theories as well as the most current
market practices from our program. Below is a partial list of teaching faculty for the MFin program.

Prof. Chu ZHANG Prof. Utpal

Head/Chair Professor BHATTACHARYA
(PhD, University of Chicago)
Chair Professor,
Executive Editor,
Research Interest Financial Management
Asset pricing theories and (PhD, Columbia University)
empirical studies; Financial
markets and institutions in Research Interest
China and Japan The dark side of financial
markets

Prof. Yingying LI Prof. Zhanhui CHEN

Professor Associate Professor/
(PhD, University of Chicago) Academic Director of MFin
Program
Research Interest (PhD, Tsinghua University,
Asymptotic statistics;
Texas A&M University)
Financial econometrics; Research Interest
Financial risk management;
Theoretical and empirical
High-frequency data;
asset pricing, in connection
Volatility estimation and
with macroeconomics,
market microstructure;
corporate finance,
Statistical inference for
insurance, FinTech, and
stochastic processes
sustainable finance

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Prof. Abhiroop Prof. Peter MACKAY
MUKHERJEE Associate Professor
(PhD, Purdue University)
Professor/
Associate Director,
Center for Asian Financial Research Interest
Markets Corporate finance;
(PhD, Yale University) Financial institutions and
management; International
Research Interest finance; Real options; Risk
Frictions in financial management
markets - institutional,
informational or behavioral

Prof. Jialin YU Prof. George

Associate Professor/ PANAYOTOV
Academic Director of Associate Professor
HKUST-NYU Stern (PhD, University
MSGF Program of Maryland)
(PhD, Princeton University)
Research Interest
Research Interest Investments; Risk
Investments; Behavioral management; Asset
finance; Chinese financial pricing; Derivatives; Hedge
markets funds

Prof. Veronique Prof. Entela

J A LAFON-VINAIS BENZ-SALIASI
Associate Professor of Adjunct Associate Professor
Business Education (PhD, University
(MSc Business Management, of Lausanne)
HEC/Masters in International
Law, La Sorbonne) Research Interest
Pricing venture capitalist
contracts; Asset allocation;
Research Interest Credit risk pricing
Credit & Debt Markets
with focus on Asia; ESG,
CSR & SRI, sustainability
issues, FinTech

Master of Science in
Finance 12
International Exchange

HKUST business school is recognized as one of the The MFin program currently offers students an
youngest and most respected business schools in exchange opportunity to Aalto University Business
Asia. Our MFin program is highly regarded for the School (Aalto), IE Business School (IE) and London
cutting-edge design and delivery and high-quality Business School (LBS). Selected MFin students can
students, and is consistently ranked among the very study at Aalto, IE or LBS from April to July. In turn,
best in the world by international media. To promote LBS students study at HKUST in the Fall Term, where-
the global vision, we partner with leading business as Aalto and IE students study at HKUST in the Spring
schools to nurture the future leaders of financial Term. Students can complete around 3–5 courses at
industry. partner schools during the exchange and no extra
tuition fee will be charged for the international
exchange program. Students are only required to
cover their costs for accommodation, course materi-
als, living expenses, insurance, etc.

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Aalto University School of Business (Finland)
With an established track record of conducting high quality research, Aalto has dedicated over a century to educating
the influential leaders of tomorrow. As the leading business school in Finland, the School provides students with a
multidisciplinary, international learning experience.

IE Business School (Spain)

The IE campus is situated in the heart of the vibrant city of Madrid. It was founded in 1973 by entrepreneurs and
innovators, so it has always been ahead of the curve.

London Business School (United Kingdom)

Founded in 1964, LBS is a business school and a constituent college of the federal University of London. Widely
considered to be one of the world’s best business schools, LBS aspires to live by its motto to “have a profound impact
on the way the world does business”.

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Students & Alumni

The MFin program admitted around 180 students in 2022-23 intake. The students from both full-time and part-time
modes are from diverse educational backgrounds and nationalities. Over 70% of the class graduated with diverse
undergraduate majors from universities outside of Hong Kong.

Country of First Degree Institution

Japan 1%
Ireland 1% Macao SAR, China 1%
Germany 1% Malaysia 1%
Canada 5%

United Kingdom 6% Mainland China 39%

Australia 7%
United States
18%

Hong Kong SAR, China 20%

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The alumni of the last three intakes have secured their first jobs after completing the MFin program. Over 95% of our
graduates are working in Hong Kong and Mainland China while the others are working in Europe and other parts of
Asia Pacific.

The alumni have embarked on their journeys in Banking and Finance (82%). Their job functions also span across
Finance, Sales and Marketing, Consulting, etc.

Job Industries
Healthcare 2%
Fintech 2%
Energy 2%
Accounting Services 2% Real Estate 2%

Technology 4%
Ecommerce 4%
Financial Services 82%

Job Location Job Functions

Other countries/ regions 1% Operations/Logistics 2%
Information Technology 2%
Accounting 2%
Others 4%
General Management 4%
Mainland
Hong Kong China
49% 50% Marketing/ Finance
Sales 6% 73%

Consulting
7%

List of Employers
Alibaba China Construction Bank DBS Jefferies LLC
Allianz Global Investors CICC Goldman Sachs KPMG
Bank of America China Merchants Securities Guotai Junan Securities Macquarie Group
Bank of China Citibank Haitong Securities Merrill Lynch
Barclays Bank CITIC Capital/ Securities Huatai Financial Holdings Morgan Stanley
Black Rock CLSA HSBC Natixis
BNP Paribas Credit Suisse ICBC Securities Nomura
Boston Consulting Group Deutshe Bank J.P. Morgan Pricewaterhouse Coopers

Master of Science in
Finance 16
Student Testimonials

Zhuowei ZHANG (2021-22 Intake, Full-time)

Company & location: China Securities International, Hong Kong
Current position: Associate

It’s been a great and fruitful experience. I have found all the professors and staff to
be incredibly friendly during the whole curriculum. Despite the difficulties posted by
COVID-19, the school managed to provide a memorable and constructive
experience towards the degree and career future.
The programme is a well-designed mix of not only academic theories, but also
realistic industry insights. Moreover, the excellent career services such as
mock-interviews and one-to-one coaching are credibly informative and highly helpful
in building career plans and securing an ideal job.
Sincerely grateful for all the professors and college staff for their unwavering support
throughout our journey at the university. I would without hesitation to recommend
HKUST to anyone.

Yuxiang ZHAO ( 2021-22 Intake, Full-time)

Company & location: China International Capital Corporation, Hong Kong
Current position: Analyst, Debt Capital Market

The prestigious MSc in Finance Programme has equipped me with cutting-edge

knowledge and practical techniques that are both essential in job seeking and also
future work. You will enjoy communicating with professors from different cultural
background with extensive experience in research and industry in such a scenic
campus.
Besides, over 2000 alumni throughout the financial field will enable you a strong
network, and they are willing to offer precious advice when you are not clear about
your future path. In a word, you will never regret joining MSc in Finance Programme!

Edison KE (2018-19 Intake, Full-time)

Company & location: ByteDance, Shanghai
Current position: Strategy & Investment Senior Manager, Emerging Market

The program’s well-designed curriculum equipped me with a wide range of academic

knowledge and pragmatic skills in finance and investment. Professors with
prestigious academic backgrounds and rich industry experience have a deep
understanding of the latest investment industry trends and always put cutting-edge
academic research and textbook theories to real-world practice.
The career service, shared with HKUST’s top-tier MBA program, was absolutely the
best amongst all MSc programs that I’ve heard of. Especially the one-on-one career
coaching with Director-level employees of famous financial institutes provided us
with tailored plans and strategies for breaking into our dream industries.
I’m grateful for the days and nights spent with my classmates in the sea-view library
and 24-hours breakout rooms, in which I learned a lot and made many good friends.
The program office was very supportive. The staff responded to our requests in a
timely manner and helped us to solve all sorts of problems. I’m really happy that I
made the right decision in joining this program!

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 Sienna CHEN (2017-18 Intake, Full-time)
Company & location: BNP Paribas, Hong Kong
Current position: Investment Banking Analyst

During my study, I was positively influenced by my classmates, who came from

diversified backgrounds. They shared their experiences and knowledge with me;
networking with excellent students and professors have pushed me further. The
program provides different kinds of career services such as company visits,
recruitment talks, soft-skill training, one-on-one coaching, an informative recruiting
board, etc. The excellent career services and competitive peers were important
factors that helped me succeed in securing a job.

Jay HA (2016-17 Intake, Full-time)

Company & location: Citi, Hong Kong
Current position: Senior Associate

The program was a great combination of financial theories and practicality. It gave
me a fresh perspective on current issues and the intricacies of the financial sector.
The diversity and the intensity of the program enabled me to start a career in Hong
Kong.
The courses and the professors helped me to chalk out my career path. For instance,
the “Sustainable Investing” class sparked my interest in the field of sustainability
within the financial sector, which led me to a part time internship at Robeco.
I believe such experience has been a huge factor in my landing a job at Natixis C&IB,
which stresses social sustainability in its business model.
The support from the MSc Programs Office was great. Whenever I needed help or
had a question, the team was always there to assist me. Without such support, I
believe I would have wasted a huge amount of time gathering information and
figuring things out.

Clément DUMUR (2014-15 Intake, Full-time)

Company & location: Credit Suisse, Switzerland
Current position: Vice President

The program has been an incredible experience. As a foreigner in Hong Kong, I have
been able to learn about a new culture and at the same time to drastically improve
my knowledge of finance. The quality of the teaching faculty and the course contents
are flawless and focus on academic excellence.
One of my favorite classes was “Trading in Equity Markets” with Prof. Mohammed
Apabhai, Director of Citigroup Trading Strategies. It was a perfect mix between
technical knowledge and practical views about the industry. The HKUST campus is
wonderful, and it was a real privilege to study in that environment. HKUST taught me
to never have dreams, but to always have goals.

Polina DZYUBA (2014-15 Intake, Full-time)

Company & location: Macquire Group, New York
Current position: Senior Associate, Infrastructure and Real Assets

As a foreigner in Hong Kong with no local language skills, I initially experienced

several difficulties while looking for a job here. My career advisor was very helpful
in preparing me for interviews and I was very lucky to have her assistance.
Everything I learned during the program was extremely important and helpful. I
was well-prepared even for the most challenging interview questions.

Master of Science in
Finance 18
Careers & Enrichment

HKUST’s MFin program helps prepare students to One-on-one career coaching, as well as career-related
embark on their careers. HKUST Business School’s training/workshops, are provided for students when
MSc Career & Professional Development team they join HKUST.
provides guidance and service for all full-time MSc
The MSc Programs Office also arranges various
students, which includes:
enrichment activities and luncheon talks for students.
• Identifying students’ unique career-related These form a platform for networking with industry
interests, values, and capabilities; practitioners and senior management from industry in
• Enhancing their job searching skills, preparing Hong Kong and Mainland China.
them for the workplace, and teaching them career-
In addition, a study tour may be arranged for students
management strategies;
during the semester break. The tour helps students to
• Accessing opportunities for internships and full-
better understand the industry landscape, develop
time employment with a diverse group of
applied skills in industry and company analysis, and
recruiting firms and organizations.
network with industry practitioners outside of Hong
Kong.

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Finance
Campus Life

HKUST is more than just a place at which to learn. We rooms, workshops and a darkroom, karaoke and
aim at developing our students to their full potential, music rooms, and a performance stage.
preparing them for career success. We focus on
Public transport is easily accessible, with the city
creating a unique learning experience for each of our
center less than 30 minutes away. HKUST is near Hang
students and developing future business leaders in
Hau, home to an impressive range of restaurants,
Asia for the world.
various malls, major supermarkets, a wet market, and
Spread over 60 hectares in a beautiful setting in Clear the Tseung Kwan-O Public Hospital. Just ten minutes
Water Bay, the HKUST campus provides students with from the main campus by bus is Sai Kung, famous for
a relaxing environment in which to study and grow. its seafood restaurants, water sports facilities —
Students enjoy all the benefits of a full-scale university including both Hong Kong’s major yacht clubs — and
campus in a relaxing environment. country parks with a wealth of hiking, mountain
biking, and camping possibilities.
Student amenities such as banks, medical clinics, a
supermarket, a bookstore, postal services, a hair
Lee Shau Kee Campus
salon, a souvenir shop, and choices of Asian and
Western catering outlets are located on campus. The Lee Shau Kee Campus — including the Lee Shau
Other facilities include a five-story library with over Kee Business Building and the Institute for Advanced
700,000 books, periodicals, microfilms and 300 Study — was built in 2013. Located atop HKUST’s
electronic databases, computer barns, wireless main campus, the Lee Shau Kee Campus occupies an
Internet access, a language-learning center, a area of around 10 hectares, representing about 15%
self-access center with multimedia resources, of the total campus.
swimming pools, a fitness center, tennis courts, an
The HKUST Business School is located in this building.
athletic track, and a soccer pitch.
Students can enjoy state-of-the-art teaching and
A wide range of amenities is also provided to learning facilities and an exclusive area to work on
encourage extra-curricular activities and to generally group projects or assignments.
enhance the quality of campus life. These include
conference and meeting rooms, common and quiet

Master of Science in
Finance 20
 Admissions

Admission Requirements Other Expenses

Travel and living expenses in Hong Kong are not
Applicants of the program should satisfy all of the
included in the tuition fee.
following requirements:
On-campus accommodation at HKUST is not
A Good First Degree
available due to heavy demand. Students will have to
Applicants must possess a Bachelor’s degree with
explore short-term, off-campus accommodation.
satisfactory academic performance from a recognized
university or approved institution. Scholarships
English Proficiency Program Admission Scholarships
Applicants whose first language is not English, and Admission scholarships may be awarded to
whose Bachelor’s degree or equivalent qualification* candidates believed to be outstanding contributors
was awarded by an institution where the medium of to the program, academically and otherwise.
instruction was not English, are required to fulfill the
minimum English Language requirements in TOEFL/ Program Academic Excellence Scholarships
IELTS examination. This Scholarship aims to promote academic
excellence and ensure timely completion of the
*A qualification with a duration equivalent to a full-time
Bachelor’s degree (i.e., at least three years)
program, taking into account academic performance,
learning attitude, and contributions to student life
GMAT/GRE and the program.
Applicants are required to have a satisfactory GMAT/
GRE score. Applications may also be processed prior Dean’s MSc Admissions Scholarships
to the receipt of a final GMAT/GRE result. Kindly The Business School established the Scholarship for

provide the date of your scheduled exam in the outstanding HKUST UG final year students and

application. graduates in two years admitted to the School's MSc

programs.
Relevant Work Experience
Applicants for the part-time study mode should have MSc Diversity Excellence Scholarships
at least one year of full-time post-qualification work The Business School has newly launched the

experience. Work experience is not required for the Scholarship to support outstanding international

full-time study mode, but applicants with relevant applicants who are determined to study in the top

work experience are given preference. business school in the Asia hub, share their cultural
outlook and enrich the class diversity in the MSc
The key selection criteria will be assessed through Programs.
written and/or online application documents and
through a personal assessment interview. Targeted TPg Programmes Fellowships
Scheme
The University Grants Committee (UGC) has awarded
Program Fee and Expenses
the HKUST MSc in Finance as one of the eligible
Program Fee programs in the Targeted Taught Postgraduate
The total program fee for the intake is HK$408,000.* Programmes Fellowships Scheme for the academic
The program fee covers tuition of up to 34 credits of year 2023/24. All local Hong Kong residents pursuing
courses, textbooks and course materials for the core either full-time or part-time study in MFin may apply
courses, and some enrichment activities. for the fellowships.
Master of Science in *Subject to change
21
Finance
Application Deadlines and Application Materials
Procedures
Your application should include the following
We invite applications for the MFin program from materials:
September onwards for the intake. Admissions are
• Completed online application form, including a
on a rolling basis. We recommend that non-local
personal statement
applicants apply as early as possible to allow sufficient
time for student visas, personal preparations, and • CV/resume with photo
arrival in Hong Kong.
• Transcript and degree certificate of undergraduate
Application deadlines for the 2024-2025 intake are as studies
follows:
• Official GMAT/GRE score report, or proof of
scheduled exam date

Phase Full-Time Part-Time • Documentary proof of other professional

qualifications (if applicable)
1 15 October 2023 17 December 2023
• Official TOEFL/IELTS score report (if applicable)
2 3 December 2023 18 February 2024
• Two academic referees

3 14 January 2024 14 April 2024 • Application fee

4 3 March 2024

Consideration of phase 4 applications will depend on

the availability of places. Only applications with the
complete set of application materials will be
considered.

Apply Online NOW!

Master of Science in
22
Finance
Academic Rigor and Best Practices
in Investment Management
& Financial Analysis
HKUST Business School
Master of Science in Finance

Lee Shau Kee Business Building

HKUST Business School
The Hong Kong University of Science & Technology
Clear Water Bay, Kowloon, Hong Kong

Phone: (852) 3469 2209

Email: mfin@ust.hk
Website: www.mfin.ust.hk

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