An Overview
Risk management is an important subject in both the financial and public sectors. A successful risk management system incorporates expert knowledge from the fields of mathematics, statistics, actuarial science, finance, computing and engineering. This synergy of interdisciplinary knowledge distinguishes risk management from more traditional subjects.
The Risk Management Science programmes offered by the Department of Statistics at the Chinese University of Hong Kong have played leading roles in the development of the risk management discipline in Hong Kong. The highly successful Master of Science Programme in Risk Management Science was launched in 2003 and has been well received by the public. The Programme incorporates interdisciplinary knowledge from mathematics, statistics, actuarial science, finance, computing and engineering into risk management. Graduates are equipped with state-of-the-art risk management expertise that will allow them to play a leading role in the industry.
To be considered as a qualified applicant, one should
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be a Bachelor’s degree holder with Second Honours Class or above in Business, Science, Finance, Economics, Engineering or related disciplines,
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fulfil the English Language Proficiency Requirement stipulated by Graduate School (more information on that requirement is available on the Graduate School website at https://www.gs.cuhk.edu.hk/admissions/admissions/requirements) and
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preferably possess knowledge of business, economics and/or finance though not compulsory.
Programme of Study
Part-time Mode
It is a two-year part time taught master degree programme. Students should satisfy the following requirements in order to obtain the degree.
(i) Course Requirement
Students are required to complete a minimum of 24 credits in order to graduate.
First year Core courses: 9 credits; Elective courses: 3 credits
Second year Core courses: 6 credits; Elective courses: 6 credits
Total: 24 credits
Suggested Study Plan:
1st Term of Year 1: RMSC5002, RMSC5101, RMSC6004
2nd Term of Year 1: RMSC5004, RMSC5102, STAT6104, STAT6105, STAT6108
1st Term of Year 2: RMSC5003, RMSC6001, STAT5103
2nd Term of Year 2: RMSC5001, RMSC6002, RMSC6006
Note: Students should take at least 2 elective courses at RMSC6000 level or above, or at STAT5000 level or above.Course descriptions can be found at http://www.sta.cuhk.edu.hk/Programmes/PostgraduateStudies/PostgraduateCourseList.aspx.
(ii) Other University Requirements
(a) Students much fulfill the Term Assessment Requirement of the Graduate School. For details, please refer to Section 13.0 “Unsatisfactory Performance and Discontinuation of Studies” of the General Regulations Governing Postgraduate Studies which can be accessed from the Graduate School Homepage http://www.gs.cuhk.edu.hk/.
(b) A student must achieve a cumulative grade point average (GPA) of at least 2.0 in order to graduate.
Full-time Mode
The full-time MSc RMSC programme is a one-year full time taught master degree programme. Students should satisfy the following requirements in order to obtain the degree.
(i) Course Requirement
Students are required to complete a minimum of 24 credits in order to graduate.
| Core courses: |
15 credits |
| Elective courses: |
9 credits |
| Total: |
24 credits |
Suggested Study Plan:
| 1st Term: |
RMSC5002, RMSC5003, RMSC6004, (RMSC5101 or RMSC6006) |
| 2nd Term: |
RMSC5001, RMSC5004, RMSC5102, (RMSC6001 or RMSC6002) |
Note: Students should take at least 2 elective courses at RMSC6000 level or above, or at STAT5000 level or above.Course descriptions can be found at http://www.sta.cuhk.edu.hk/Programmes/PostgraduateStudies/PostgraduateCourseList.aspx.
(ii) Other University Requirements
(a) Students much fulfill the Term Assessment Requirement of the Graduate School. For details, please refer to Section 13.0 “Unsatisfactory Performance and Discontinuation of Studies” of the General Regulations Governing Postgraduate Studies which can be accessed from the Graduate School Homepage http://www.gs.cuhk.edu.hk/.
(b) A student must achieve a cumulative grade point average (GPA) of at least 2.0 in order to graduate.
Application Procedure
Applicants can submit online applications at Graduate School webpage (http://www.gs.cuhk.edu.hk/page/ApplicationforAdmission).
Scanned copies of the supporting documents should be uploaded to the Online Application System for Postgraduate Programmes. For the list of required supporting documents, please refer to Graduate School website https://www.gs.cuhk.edu.hk/admissions/admissions/documents-required.
Application Deadline
The application deadline for 2021/22 admission is 28 February 2021.
General Enquiries
For general enquiries, please contact us at
Tel: (852) 3943-1746
Fax: (852) 2603-5188
Email: mscrms_admission [at] sta.cuhk.edu.hk
Tuition Fee
Part-time Mode: Tuition fee is HKD 79,000 per year for 2021/22 admission
Full-time Mode: Tuition fee is HKD 158,000 per year for 2021/22 admission
Academic Partnership with GARP
The M.Sc. in Risk Management Science programme is an Academic Partner of the Global Association of Risk Professionals (GARP).
“GARP is very pleased to announce the addition of The Chinese University of Hong Kong to the GARP Partnership for Risk Education. The M.Sc. in Risk Management Science offered by the Faculty of Science is a highly rigorous program. The curriculum offered is interdisciplinary in its approach, and provides its students a solid grounding in mathematics, finance, statistics etc., ensuring they will be well positioned to pursue the FRM designation and to assume strategic roles within the global risk management profession."
Dr. Chris Donohue, Managing Director
Head of Research & Educational Programs, GARP |
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Continuing Education Fund (CEF)
RMSC5003 Risk Measures #
CEF Course Code 33Z117715
RMS5102 Simulation Techniques in Risk Management and Finance #
CEF Course Code 33Z124703
#
This course has been included in the list of reimbursable courses under the Continuing Education Fund
This course/ The mother course (Master of Science in Risk Management Science) of this module is recognized under the Qualifications Framework (QF Level 6)