Full-time - MSc in Investment Management - Hong Kong University

®

(Full-time)

Contents 03

About HKUST Business School

05

Message from the Academic Director

06

Program

11

Faculty

13

Students & Alumni

17

Careers & Enrichment

18

Campus Life

19

Admissions

About HKUST Business School

Financial Times EMBA Rankings 2007, 2009-2013, 2016

WORLD’s NO. 1

Kellogg-HKUST EMBA Program

Established in 1991, the School of Business and

We are recognized as “Asia’s youngest but most

Management at the Hong Kong University of Science

respected business school” (Financial Times). Our

and Technology (HKUST Business School) is young,

programs are highly regarded for their cutting edge

dynamic and very well respected for the quality of its

design and delivery, and are consistently ranked among

programs and the impact of its research.

the very best in the world by international media.

7i >Ài ̅i wÀÃÌ LÕȘiÃà ÃV…œœ ˆ˜ ̅i Ài}ˆœ˜ ̜ Li awarded accreditation 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 worldwide.

Financial Times Global MBA Rankings 2010-2014, 2016

ASIA’s NO. 1

HKUST MBA Program

University of Texas at Dallas Research Rankings 2005-2017

ASIA’s NO. 1

Financial Times

“Asia’s Youngest But Most Respected Business School” The Economist

“One Of The World’s Best 3WCNKƂGF(CEWNVKGUq

3

Master of Science in M

IInvestment Management

Master of Science in n

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4

Message from the Academic Director

Program Program Design The Master of Science in Investment Management

Chartered Alternative Investment Analyst (CAIA)

*Àœ}À>“]-V­®Ü>ÃwÀÃ̈˜ÌÀœ`ÕVi`ˆ˜£™™È܈̅̅i

and Financial Risk Management (FRM) examinations

part-time study mode. Since its inception, the MSc(IM)

curriculum. Students can also further build on this

«Àœ}À>“ …>à Lii˜ ܈`iÞ ÀiVœ}˜ˆâi` LÞ w˜>˜Vi

broad knowledge base by choosing advanced courses

professionals as a premier academic program.

and specialized electives that lead to concentrations in

In 2014, a full-time study mode was launched as an

Asset Management/ FinTech/ Risk Management.

extension of the well-established part-time program,

During the program, enrichment activities and luncheon

and designed to provide rigorous training for students

talks are organized to provide students with platforms

ˆ˜ÌiÀiÃÌi`ˆ˜«ÀœviÃȜ˜>V>ÀiiÀȘ̅iw˜>˜Viˆ˜`ÕÃÌÀÞ°

in networking with industry practitioners in Hong Kong.

The full-time curriculum is structured to meet the growing and specialized demands of the industry. It begins with a solid foundation of courses in accounting, economics, quantitative and computing skills, investment analysis >˜`w˜>˜Vˆ>`iÀˆÛ>̈ÛiÃ]܅ˆV…vœÀ“̅iVœÀiÃÕLiVÌÃ

In addition, a study tour might be arranged during the semester break. The study tour will help the students to understand the industry landscape, develop applied skills in industry and company analysis, and network with industry practitioners outside Hong Kong.

in the Chartered Financial Analysts (CFA) and The MSc program in Investment Management (MSc(IM))

Since 1996, the Department of Finance has been

will prepare you for the exciting challenges facing a

offering a part-time MSc(IM) program. The program

w˜>˜Vi «ÀœviÃȜ˜>] iëiVˆ>Þ ˆv ޜÕ ܈Å ̜ ܜÀŽ ˆ˜

has trained numerous students, many of whom are now

investments, fund management, securities and wealth

«>ވ˜} ˆ“«œÀÌ>˜Ì Àœià ˆ˜ ̅i w˜>˜Vˆ> ˆ˜`ÕÃÌÀÞ° /…i

management. You will learn the modern techniques and

vՏ‡Ìˆ“i -V­® «Àœ}À>“ Li˜iwÌà }Ài>̏Þ vÀœ“ ̅i

vÀ>“iܜÀŽÃ ̜ ˆ˜VÀi>Ãi ޜÕÀ w˜>˜Vˆ> `iVˆÃˆœ˜ “>Žˆ˜}

faculty’s expertise in offering the MSc program to both

skills. The world-class faculty and leading practitioners

Hong Kong and overseas students.

will show you how to apply the analytical rigor, innovate, and create value in practice. The Department of Finance is world-renowned for its

œ˜}œ˜}ˆÃ>Ì̅iÛiÀÞVi˜ÌiÀœvw˜>˜Vi°/…i-V­® «Àœ}À>“܈…i«ޜÕ`iÛiœ«>}œL>ۈiÜœvw˜>˜Vi] thus preparing you for a career in Hong Kong and beyond.

ÀiÃi>ÀV…iÝ«iÀ̈Ãi°ÌˆÃ̅iœ˜Þw˜>˜Vi`i«>À̓i˜Ìˆ˜ ̅ičÈ>‡*>VˆwVÀi}ˆœ˜̅>̈ÃVœ˜ÃˆÃÌi˜ÌÞÀ>˜Ži`>“œ˜} the top 25 research departments globally. You will likely learn some cutting-edge ideas from our faculty even LivœÀi̅iw˜>˜Viˆ˜`ÕÃÌÀÞˆ˜VœÀ«œÀ>ÌiÃ̅i“°

5

Master of Science in

Investment Management

Prof. Jialin Yu /5E +/CPF/5E +/(##ECFGOKE&KTGEVQT

Master of Science in

Investment Management

6

Program Design

Program Curriculum

The full-time MSc(IM) program commences in September every year. Student can complete all course requirements

Students are required to complete a minimum of 30 credits (15 courses) of coursework in order to graduate, including

in three semesters (16 months) for a total of 38 credits and declare two concentrations: Asset Management, FinTech,

12 credits of core courses (6 courses), 8 credits of required courses (4 courses) and 10 credits of elective courses (5

or Risk Management.

courses) in one concentration. Each course carries 2 credits.

Students have the option to graduate earlier (12 months) for 30 credits to declare one concentration only.

Students can choose to pursue two concentrations by taking an additional 8 credits of elective courses (4 courses). /…iÃi>``ˆÌˆœ˜>iiV̈ÛiÓÕÃ̘œÌ…>ÛiLii˜ÕÃi`̜Ã>̈ÃvÞ̅iÀiµÕˆÀi“i˜Ìœv̅iwÀÃÌVœ˜Vi˜ÌÀ>̈œ˜°

Sample Program Schedule Year / Term

Apart from the elective courses in the MSc(IM) program, students are also allowed to choose courses outside the

MSc in Investment Management Credits Taken MSc(IM) Core courses

(CNN6GTO

(Sept – Dec)

Spring Term

(GDs/C[

Graduation

Year 2

16 Credits

Summer Term (Jun – Aug)

(CNN6GTO

(Sept – Dec)

Graduation

CORE COURSES (12 CREDITS) #%%6#EEQWPVKPI(QWPFCVKQPU ETGFKVU

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Introduction to accounting concepts, preparation and

The course will be based on the open-source Python

ˆ˜ÌiÀ«ÀiÌ>̈œ˜œvw˜>˜Vˆ>ÃÌ>Ìi“i˜Ìð

language which provides a wide variety of statistical

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Required courses

Year 1

Optional

• Accounting Foundations • Corporate Finance • Derivatives Analysis • Empirical Methods in Finance* • FinTech Analytics* • Investment Analysis

i«>À̓i˜Ìœvˆ˜>˜Vi]ÃÕLiVÌ̜̅i>««ÀœÛ>œv̅ičV>`i“ˆV ˆÀiV̜À°

• Equity Investment Management • Fixed Income Analysis

annuities, and perpetuities); valuation of bonds;

Required courses

capital budgeting decisions (NPV, IRR, payback);

• Advanced Derivatives Analysis • Financial Modeling

valuation of stocks using dividend discount model;

14 Credits

Electives I-V Completion of MSc(IM) with ONE optional concentration of Asset Management, FinTech, or Risk Management Elective VI Summer Internship Elective VII-IX Completion of MSc(IM) with TWO concentrations of Asset Management, FinTech, or Risk Management

capital structure; limits to the use of debt (tradeoff models); estimation of cost of debt and equity; WACC; terminal value.

30 Credits

2 Credits 6 Credits 38 Credits

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and graphical techniques, and is well-suited for data manipulation, calculation and graphical display. The wÀÃÌ«>ÀÌœv̅iVœÕÀÃi܈LivœÀ}i˜iÀ>ˆ˜ÌÀœ`ÕV̈œ˜ ̜ *Þ̅œ˜] >˜` ̅i˜ ÕÃi œv ëiVˆwV ̜œÃ ˆŽi “>ÌÀˆÝ manipulation, optimization, random numbers and ȓՏ>̈œ˜] iÌV° ܈ Li ˆÕÃÌÀ>Ìi` ܈̅ w˜>˜Vˆ> applications. A required prerequisite is some familiarity and prior experience with a proper programming language, beyond standard Excel.

Basic characteristics of derivatives instruments such as

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forwards, futures, options, and swaps. Topics include

An

pricing of futures and forward contracts, forward-

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spot basis risk, option strategies, put-call parity

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and introduction to the Black-Scholes model. The

portfolio theory including the capital asset pricing

development and use of interest rate and currency

model and arbitrage pricing theory. The second part

swaps are also discussed.

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income securities. Topics include interest rates and

This course studies the techniques of empirical

yield curve mathematics, duration and convexity.

introduction

to

fundamental

concepts

in

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Master of Science in

Investment Management

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Master of Science in

Investment Management

8

REQUIRED COURSES (8 CREDITS)

SAMPLE ELECTIVES (10-18 CREDITS)

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The course covers the complete investment process

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“>˜>}i“i˜Ì >˜` ˆ˜ÌÀœ`ÕV̈œ˜ œv wÝi`‡ˆ˜Vœ“i

investment

allocations;

derivatives. Topics include term-structure theories,

monitoring investments; and measuring performance.

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Practical issues relating to investment style, active

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management, and passive management are discussed.

rate securities, forward rate agreements, bond and

Advanced techniques in portfolio construction such as

interest rate futures, and interest rate swaps.

policies;

choosing

asset

the Black-Litterman model and multi-factor models are studied.

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Asset Management

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Risk Management •

Corporate Risk Management

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̜ “>Ži w˜>˜Vˆ> “œ`iÃ ̅>Ì «Àœ`ÕVi ÕÃivՏ >˜ÃÜiÀÃ

Mergers, Acquisitions & Restructuring

•

Advanced techniques in option pricing and derivatives

to economic questions. Selected topics which lend

risk management. Topics include the binomial model,

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risk-neutral valuation, extension of the Black-Scholes

as (but not limited to) loan amortization schedules;

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pricing model and option Greeks. The course will also

valuation and private equity; equity derivatives; mutual

include discussion and analysis of options on futures,

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derivatives, and optimal portfolio selection.

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Master of Science in

Investment Management

Master of Science in

Investment Management

10

Faculty iˆ˜}ÀiVœ}˜ˆâi`>Ãœ˜iœv̅ivi܈˜Ã̈ÌṎœ˜Ãˆ˜̅ičÈ>*>VˆwV,i}ˆœ˜̅>̈ΘœÜ˜ˆ˜ÌiÀ˜>̈œ˜>ÞvœÀˆÌÃ…ˆ}… standing in the world of research, the HKUST Business School is blessed with a strong and internationally prominent v>VՏÌÞ° iÈ`iÃLiˆ˜}>}ÀœÕ«œv>V̈ÛiÀiÃi>ÀV…iÀÃ]“>˜Þœv̅i“>ÀiÜiŽ˜œÜ˜i>`iÀȘ̅iˆÀëiVˆwV>V>`i“ˆV wi`ð/…i-V­®…>Ã>ÃœÀiVÀՈÌi`>˜Õ“LiÀœvˆ˜`ÕÃÌÀÞ«À>V̈̈œ˜iÀÃ̜Ìi>V…iiV̈ÛiȘ̅iˆÀ>Ài>ÃœviÝ«iÀ̈Ãi° 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 full-time MSc(IM) program.

Prof. Chu ZHANG

Acting Head/Professor

2J&7PKXGTUKV[QH%JKECIQ Research Interest

Asset pricing theories and empirical studies; Financial markets and institutions in China and Japan

Prof. Utpal BHATTACHARYA

Professor

2J&%QNWODKC7PKXGTUKV[ Research Interest

/…i`>ÀŽÈ`iœvw˜>˜Vˆ>“>ÀŽiÌÃ

1 1 11

Master of Science in M

IInvestment Management

Prof. Vidhan K

GOYAL

Chair Professor

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Prof. Peter MACKAY Associate Professor

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Research Interest

Capital structure; Debt contracts corporate governance; Mergers and acquisitions; Corporate restructuring

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Associate Professor

2J&7PKXGTUKV[QH%JKECIQ Research Interest

Asymptotic statistics; Financial econometrics;; Financial risk management; High-frequency data; Volatility estimation and market microstructure; Statistical inference for stochastic processes

Research Interest

œÀ«œÀ>Ìiw˜>˜Viƈ˜>˜Vˆ> institutions and management; ˜ÌiÀ˜>̈œ˜>w˜>˜ViÆ,i>œ«Ìˆœ˜ÃÆ Risk management

Prof. Kasper Meisner NIELSEN Associate Professor

2J&7PKXGTUKV[QH Copenhagen) Research Interest

Applied microeconometrics; Corporate governance;

˜ÌÀi«Ài˜iÕÀˆ>w˜>˜ViÆ>“ˆÞE

˜ÌÀi«Ài˜iÕÀˆ>w˜>˜ViÆ>“ˆÞE «ÀˆÛ>ÌiÞ…i`wÀ“ÃÆœÕÃi…œ` «ÀˆÛ>ÌiÞ…i`wÀ“ÃÆœÕÃi…œ` w˜>˜Vi

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Associate Professor/ Associate Director, Center HQT#UKCP(KPCPEKCN/CTMGVU

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ÀˆV̈œ˜Ãˆ˜w˜>˜Vˆ>“>ÀŽiÌÇ institutional, informational or behavioral

Prof. Jialin YU

Associate Professor/ Academic Director of /5E +/ (WNNVKOGCPF /5E +/(#2TQITCOU

2J&2TKPEGVQP7PKXGTUKV[ Research Interest

˜ÛiÃ̓i˜ÌÃÆ i…>ۈœÀ>w˜>˜ViÆ ˜ÛiÃ̓i˜ÌÃÆ i…>ۈœÀ>w˜>˜ViÆ

…ˆ˜iÃiw˜>˜Vˆ>“>ÀŽiÌÃ

Master of Science in n

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Students & Alumni /…i ÃÌÕ`i˜Ìà œv ̅i Óä£Ç‡£n ˆ˜Ì>Ži vœÀ“ > }œœ` L>>˜Vi œv `ˆÛiÀÈÌÞ° /…i “>œÀˆÌÞ œv ̅i V>Ãà }À>`Õ>Ìi` vÀœ“

-V­®>Õ“˜ˆœv̅i>ÃÌÓˆ˜Ì>ŽiÃ…>ÛiÃiVÕÀi`̅iˆÀwÀÃ̍œL>vÌiÀVœ“«ï˜}̅i-V­®«Àœ}À>“°"ÛiÀ™ä¯

՘ˆÛiÀÈ̈ià ˆ˜ >ˆ˜>˜` …ˆ˜> ­Çn¯® >˜` œ˜} œ˜} ­x¯® >˜` >LœÕÌ œ˜i‡wv̅ œv ̅i V>Ãà Vœ“i vÀœ“ čÕÃÌÀ>ˆ>]

of our graduates are working in Hong Kong and Mainland China while some are working in India, Italy, Switzerland

Europe, India, SE Asia and USA.

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/…i“>œÀˆÌÞœv̅iÃÌÕ`i˜ÌȘ̅iÓä£Ç‡£nˆ˜Ì>Ži«œÃÃiÃÃ>`i}Àiiˆ˜LÕȘiÃÃ`ˆÃVˆ«ˆ˜iÃ]ÃÕV…>ÃčVVœÕ˜Ìˆ˜}]

/…iˆÀœLv՘V̈œ˜Ãë>˜>VÀœÃȘ>˜Vi]>˜>}i“i˜Ì/À>ˆ˜ii]->iÃE/À>`ˆ˜}>˜` œ˜ÃՏ̈˜}]iÌV°

ˆ˜>˜Vi] Vœ˜œ“ˆVÃ]>˜>}i“i˜ÌE ÕȘiÃÃč`“ˆ˜ˆÃÌÀ>̈œ˜°œÜiÛiÀ]>LœÕÌÓ䯜v̅iÃÌÕ`i˜ÌÃÜiÀivÀœ“˜œ˜‡ business backgrounds, with degrees in areas such as Arts & Humanities, Law and Science/Engineering, etc.

Business Nature

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Education $CEMITQWPFD[ Undergraduate Major (2017-18 Intake)

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13

Master of Science in

Investment Management

Allianz Global Investors

Boston Consulting Group

DBS

KPMG

Bank of America

China Construction Bank

Goldman Sachs

Macquarie Group

Bank of China

Citibank

Haitong Securities

Merrill Lynch

Barclays Bank

CITIC Capital/ Securities

HSBC

Morgan Stanley

Black Rock

Credit Suisse

J.P. Morgan

Natixis

BNP Paribas

Deutshe Bank

Jefferies LLC

Nomura Master of Science in

Investment Management

14

Students Testimonial Clément DUMUR (2014 - 15 Intake)

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The MSc(IM) 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 “Þ Ž˜œÜi`}i œv w˜>˜Vi° /…i µÕ>ˆÌÞ œv ̅i Ìi>V…ˆ˜} v>VՏÌÞ >˜` ̅i VœÕÀÃi Vœ˜Ìi˜Ìà >Ài y>܏iÃà >˜` vœVÕà œ˜ >V>`i“ˆV iÝVii˜Vi° "˜i œv “Þ v>ۜÀˆÌi V>ÃÃià …>à Lii˜ 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 is a real privilege to study every day in this environment. HKUST taught me to never have dreams, but always to have goals.

MSc(IM) program provides 360-degree learning environment, both students and professors are smart which I have learned something new everyday. The elective courses are shared ܈̅œÌ…iÀ-V«Àœ}À>“Ã]̅ˆÃ>œÜ“i̜ܜÀŽ܈̅̅iLiÃÌčÈ>w˜>˜Vi«iœ«iœv̅i future. MSc(IM) program has brought the best learning environment and giving me the opportunity to share an experience with the smartest and most talented students in Hong Kong.

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Polina DZYUBA (2014 - 15 Intake)

%QORCP[NQECVKQP/CESWKTG)TQWR0GY;QTM %WTTGPVRQUKVKQP5GPKQT#UUQEKCVG%QOOQFKVKGUCPF(KPCPEKCN/CTMGVU čÃ>vœÀiˆ}˜iÀˆ˜œ˜}œ˜}܈̅˜œœV>>˜}Õ>}iΈÃ]iÝ«iÀˆi˜Vi`>œÌœv`ˆvwVՏ̈ià ܅ˆi œœŽˆ˜} vœÀ > œL …iÀi >Ì ̅i Li}ˆ˜˜ˆ˜}° Þ V>ÀiiÀ >`ۈÜÀ Ü>à ÛiÀÞ …i«vՏ ˆ˜ preparing me for my interviews and I was very lucky to have her assistance. Everything I learned during the program was extremely important and helpful - I felt well-prepared even for the most challenging interview questions.

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%QORCP[NQECVKQP0CVKZKU*QPI-QPI %WTTGPVRQUKVKQP)TCFWCVG#PCN[UV%QTRQTCVG+PXGUVOGPV$CPMKPI /…i -V­® «Àœ}À>“ Ü>à > }Ài>Ì Vœ“Lˆ˜>̈œ˜ œv w˜>˜Vˆ> ̅iœÀˆià >˜` «À>V̈V>ˆÌÞ° Ì œ«i˜i`“Þ«iÀëiV̈Ûi̜̅iVÕÀÀi˜ÌˆÃÃÕiÃ>˜`̅iÛ>ÀˆïiÃ܈̅ˆ˜̅iw˜>˜Vˆ>ˆ˜`ÕÃÌÀÞ° The diversity and the intensity of the program developed me to be able to start a career in Hong Kong. /…i VœÕÀÃià >˜` ̅i «ÀœviÃÜÀà …i«i` “i ̜ w˜` “Þ V>ÀiiÀ «>̅° œÀ ˆ˜ÃÌ>˜Vi] ̅i -ÕÃÌ>ˆ˜>Li˜ÛiÃ̈˜}V>ÃÃLÀˆ˜}“Þˆ˜ÌiÀiÃ̈˜̅iwi`œvÃÕÃÌ>ˆ˜>LˆˆÌÞ܈̅ˆ˜̅iw˜>˜Vˆ> industry, which led me to a part time internship at Robeco. I believe such experience has Lii˜>…Õ}iVœÀ˜iÀÃ̜˜ivœÀ“i̜>˜`“ލœL>Ì >݈̈à E ]܅iÀi>Ãœ«ÕÌÃi“«…>Èà on sustainability of the society amongst their business. /…i ÃÕ««œÀÌ vÀœ“ -V *Àœ}À>“à "vwVi ˆÃ }Ài>Ì° 7…i˜iÛiÀ  ˜ii`i` …i« œÀ …>` > µÕiÃ̈œ˜]̅iÌi>“Ü>Ã>Ü>ÞÃ̅iÀi̜w}ÕÀiœÕÌ>܏Ṏœ˜œÀ̜>˜ÃÜiÀ“ÞµÕiÃ̈œ˜Ã° Without such support, I believe I would have wasted a huge amount of time gathering ˆ˜vœÀ“>̈œ˜>˜`w}ÕÀi̅ˆ˜}ÃœÕÌ° 15

Master of Science in

Investment Management

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Finance is the most challenging industry, everyday there’s a new level go through, and MSc(IM) program has provided me strong analytical skills, self-starter and result-oriented mindset to face this new and undiscovered challenges. Through different tasks, I have learned how to approach an issue/challenge without knowing the outcome and this has developed my critical thinking skills that are fundamental in this industry.

Evan ZHANG (2014 - 15 Intake)

%QORCP[NQECVKQP,GHHGTKGU..%*QPI-QPI %WTTGPVRQUKVKQP#PCN[UV Ì…>ÃLii˜>}Ài>Ì«ÀˆÛˆi}i̜LiVœ“iœ˜iœv̅iwÀÃÌL>ÌV…œvvՏ‡Ìˆ“iÃÌÕ`i˜ÌÃœv̅i MSc(IM) program. Everything seemed new and exciting, and we were all very keen on specially designed course content. >Ãœ>««ÀiVˆ>Ìi`̅iivvœÀÌÃvÀœ“̅i-V*Àœ}À>“Ã"vwViȘVi̅i>`“ˆÃȜ˜ˆ˜ÌiÀۈiÜð There were clear and thorough instructions for every key step we had to take. I felt well supported during the entire year of my study.

Tianze ZHANG (2015 - 16 Intake) %QORCP[NQECVKQP,2/QTICP*QPI-QPI %WTTGPVRQUKVKQP2TKOG5CNGU#PCN[UV

/…i>V>`i“ˆVÃÌÀÕVÌÕÀiœv-V­®«Àœ}À>“VœÛiÀÃ܈`iÀ>˜}iœvw˜>˜Vi`ˆÃVˆ«ˆ˜iÃÃÕV… >à w˜>˜Vˆ> «Àœ`ÕVÌÃ] µÕ>˜ÌˆÌ>̈Ûi w˜>˜Vi] VœÀ«œÀ>Ìi w˜>˜Vi] …i`}i v՘`à >˜` «ÀˆÛ>Ìi iµÕˆÌÞ]iÌV°/…iˆ˜Ìi˜ÃˆÛiÌÀ>ˆ˜ˆ˜}Ãœv`ˆvviÀi˜Ìw˜>˜Vi«Àœ`ÕVÌÃiµÕˆ««i`“i܈̅ÃÌÀœ˜} Ž˜œÜi`}iˆ˜̅ˆÃwi`>˜`“>`i“iÃÌ>˜`œÕÌvÀœ“̅iˆ˜ÌiÀۈiÜ«ÀœViÃð/…ˆÃvœVÕÃ…>à helped students who are particularly interested in sales and trading. The industry veterans’ lectures from senior and experienced professionals are indeed Û>Õ>Li°>ۈ˜}̅iˆÀVœÕÀÃiÈÃ>£ä䯍œÞ>˜`܅>Ì…>Ûii>À˜i`vÀœ“̅œÃiiVÌÕÀià is unique and invaluable. /…i «Àœ}À>“ œvwVi½Ã ÃÕ««œÀÌ ˆÃ `iw˜ˆÌiÞ œ°£ ˆ˜ œ˜} œ˜} >˜` ޜÕ V>˜˜œÌ }iÌ ̅ˆÃ from any other master programs. Whenever you have any kind of questions, you can treat «Àœ}À>“œvwVi>Ã>Ș}i«œˆ˜ÌœvVœ˜Ì>VÌð9œÕ܈w˜`ޜÕÀ܏Ṏœ˜œÀ̅iÀˆ}…Ì«>Vi ̜}œvÀœ“̅i«Àœ}À>“œvwVi° Master of Science in

Investment Management

16

Careers & Enrichment

Campus Life

The HKUST MSc(IM) program helps prepare students

One-on-one career coaching, as well as career-related

1-/ ˆÃ “œÀi ̅>˜ ÕÃÌ > «>Vi ̜ i>À˜° 7i >ˆ“ >Ì

include conference and meeting rooms, common and

to be ready to start their career. The HKUST Business

training/workshops will be provided for students when

developing our students to their full potential, preparing

quiet rooms, workshops and a darkroom, karaoke and

School’s MSc Career & Professional Development team

̅iލœˆ˜1-/°

people to take the next step toward career success. We

music rooms, and a performance stage.

provides guidance and service for all full-time MSc students, which includes: • Identifying the student’s unique career-related interests, values and capabilities; U ˜…>˜Vˆ˜}œLÃi>ÀV…ˆ˜}ΈÃ]«Ài«>Àˆ˜}vœÀܜÀŽ«>Vi requirements and career management strategies; • Accessing opportunities for internships and full-time i“«œÞ“i˜Ì܈̅>`ˆÛiÀÃi}ÀœÕ«œvÀiVÀՈ̈˜}wÀ“à and organizations.

/…i -V *Àœ}À>“à "vwVi ܈ >Ãœ >ÀÀ>˜}i Û>ÀˆœÕà enrichment activities and luncheon talks for students. These will be a platform for networking with industry

focus on creating a unique learning experience for each of our students, and develop future business leaders in Asia for the world.

Û>ÀˆœÕà “>Ã] “>œÀ ÃÕ«iÀ“>ÀŽiÌÃ] > ÜiÌ “>ÀŽiÌ >˜`

Hong Kong and Mainland China.

Water Bay, the HKUST campus provides students with

the Tseung Kwan-O Public Hospital. Just ten minutes

a relaxing environment in which to study and grow.

from the main campus by bus is Sai Kung, famous for its

-ÌÕ`i˜ÌÃi˜œÞ>̅iLi˜iwÌÃœv>vՏ‡ÃV>i՘ˆÛiÀÈÌÞ

seafood restaurants, water sports facilities—including

campus in a relaxing environment.

LœÌ… œ˜} œ˜}½Ã “>œÀ  Þ>V…Ì VÕLÃp>˜` VœÕ˜ÌÀÞ

In addition, a study tour may be arranged for students during the semester break. The study tour will help students to better understand the industry landscape, develop applied skills in industry and company analysis,

Student amenities such as banks, medical clinics, a

and network with industry practitioners outside of

supermarket, a bookstore, postal services, hair salon,

Hong Kong.

souvenir shop, and choices of Asian and Western

«iÀˆœ`ˆV>Ã] “ˆVÀœw“à >˜` £ää iiVÌÀœ˜ˆV `>Ì>L>ÃiÃ] computer barns, wireless Internet access, a languagelearning center, a self-access center with multimedia ÀiÜÕÀViÃ] Ã܈““ˆ˜} «œœÃ] > w̘iÃà Vi˜ÌiÀ] Ìi˜˜ˆÃ courts, an athletic track and a soccer pitch. A wide range of amenities is also provided to encourage extra-curricular activities, the pursuit of hobbies and generally to enhance the quality of campus life. These

Investment Management

Hang Hau, home to an impressive range of restaurants,

Spread over 60 hectares in a beautiful setting in Clear

ˆ˜VÕ`i > wÛi‡Ã̜ÀiÞ ˆLÀ>ÀÞ ܈̅ œÛiÀ Çää]äää LœœŽÃ]

Master of Science in

center less than 30 minutes away. The HKUST is near

practitioners and senior management from industry in

catering outlets are located on campus. Other facilities

17

Public transport is conveniently available, with the city

parks with a wealth of hiking, mountain biking and camping possibilities.

Lee Shau Kee Campus The Lee Shau Kee Campus— including the Lee Shau Kee Business Building and the Institute for Advanced Study, is built in 2013. Located atop the HKUST’s main campus, the Lee Shau Kee Campus occupies an area of >LœÕÌ£ä…iVÌ>ÀiÃ]Ài«ÀiÃi˜Ìˆ˜}>LœÕÌ£x¯œv̅i̜Ì> campus. The HKUST Business School is located at this business LՈ`ˆ˜}° -ÌÕ`i˜Ìà V>˜ i˜œÞ ÃÌ>Ìi‡œv‡Ì…i‡>ÀÌ Ìi>V…ˆ˜} and learning facilities and an exclusive area for them to ܜÀŽœ˜}ÀœÕ««ÀœiVÌÃœÀ>ÃÈ}˜“i˜Ìð

Master of Science in

Investment Management

18

Admissions Admission Requirements

2TQITCO(GG

Application Deadlines and Procedures

Application Materials

Applicants of the program should satisfy all the following requirements:

The total program fee for the 2018-19 intake is

We invite applications for the MScIM(Full-time)

• Completed online application form, including a

HK$359,000. The program fee covers tuition of up to

#IQQFƂTUVFGITGG Applicants must possess a bachelor’s degree with satisfactory academic performance from a recognized university or approved institution.

'PINKUJRTQƂEKGPE[ č««ˆV>˜Ìà ܅œÃi wÀÃÌ >˜}Õ>}i ˆÃ ˜œÌ ˜}ˆÃ…] >˜` ܅œÃi L>V…iœÀ½Ã `i}Àii œÀ iµÕˆÛ>i˜Ì µÕ>ˆwV>̈œ˜I

2TQITCO(GGCPF'ZRGPUGU

program from September 2017 onwards for the 2018-

personal statement

38 credits of courses, textbooks and course materials

2019 intake. Admissions operate on a rolling basis. We

• CV/resume with photo

for some of the core courses and required courses, and

recommend that non-local applicants apply as early

U /À>˜ÃVÀˆ«Ì >˜` `i}Àii ViÀ̈wV>Ìi œv ՘`iÀ}À>`Õ>Ìi

some enrichment activities.

>à «œÃÈLi ̜ >œÜ ÃÕvwVˆi˜Ì ̈“i vœÀ ÃÌÕ`i˜Ì ۈÃ>Ã]

1VJGT'ZRGPUGU Travelling and living expenses in Hong Kong are not included in the tuition fee.

was awarded by an institution where the medium of

On-campus accommodation at HKUST is not available

ˆ˜ÃÌÀÕV̈œ˜ Ü>à ˜œÌ ˜}ˆÃ…] >Ài ÀiµÕˆÀi` ̜ vՏw ̅i

due to heavy demand. Students will have to explore

minimum English Language requirements in TOEFL/ IELTS examination. I+Õ>ˆwV>̈œ˜ ܈̅ `ÕÀ>̈œ˜ iµÕˆÛ>i˜Ì ̜ > vՏ‡Ìˆ“i bachelor’s `i}Àii­ˆ°i°>̏i>ÃÌÎÞi>Àî

GMAT/ GRE Applicants are highly recommended to have a satisfactory GMAT/GRE score.

4GNGXCPVYQTMGZRGTKGPEG No minimum working experience is required. However,

Your application should include the following materials:

personal preparations and arrival in Hong Kong.

U œVՓi˜Ì>ÀÞ«ÀœœvœvœÌ…iÀ«ÀœviÃȜ˜>µÕ>ˆwV>̈œ˜Ã Application deadlines for the 2018-2019 intake are as

Application Deadline

short-term off-campus accommodation.

1

1 November 2017

Scholarship

2

15 December 2017

3

1 February 2018

with excellent academic performance as well as wellrounded backgrounds.

(if applicable) U "vwVˆ>/" É /-ÃVœÀiÀi«œÀÌ­ˆv>««ˆV>Li®

follows:

Phase

Scholarship will be provided to outstanding candidates

studies U "vwVˆ>č/É, ÃVœÀiÀi«œÀÌ­ˆv>««ˆV>Li®

• Two academic referees • Application fee

Consideration of the phase 3 applications will depend

Student’s eligibility for the scholarship will be assessed

on the availability of places. Only applications with

on a case by case basis after online application is

complete set of application materials will be considered.

submitted and interview is conducted.

any relevant work or business experience will add weight to the application under consideration. The key selection criteria will be assessed through written and/or online application documents and through a personal assessment interview.



Master of Science in M

IInvestment Management

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