Words from Programme Director

Welcome to the Master of Family Wealth Management (MFWM) Programme at HKU Business School. Below are the 4 most frequently asked questions by our applicants and we have them answered by Ms. Leung for you to catch a glimpse of the MFWM Programme.

• Q1 Why does history matter in family wealth management?

  Family wealth management is a multifaceted endeavor that extends beyond financial transactions and balance sheets. It involves a comprehensive understanding of familial dynamics, values, and the intricate tapestry of history woven through generations.  History plays a pivotal role in shaping the approach to wealth management within families, influencing decision-making processes, values transmission, and the preservation of legacy.  Therefore, historical lessons enable family managers today to understand the present and plan for the future.

• Q2 Why a taught master’s programme dedicated to family wealth management?

  The wealth management industry saw strong growth in recent decades, and despite greater market uncertainty in the last few years, demand for professionals to manage wealth continues to grow. In particular, families are increasingly seeking advice on how to holistically manage their wealth, business and legacy. While there are many finance and accounting postgraduate programmes in Hong Kong and the region, the Master of Family Wealth Management degree at HKU fills a gap in specialized knowledge that caters to the unique needs of family offices, high-net-worth families and private wealth management.

• Q3 Who should apply Master of Family Wealth Management?

  The programme is suitable for a wide range of prospective students. Potential student profiles may include, but not limited to recent university graduates looking to complement their undergraduate majors with more well-rounded post-graduate studies; for example, a psychology or engineering major looking to acquire financial market knowledge, a finance major looking to better understand family psychology, or an economics major looking to expand into history and finance. Early career professionals looking to expand horizons or upgrade skills, such as tax consultants, lawyers, private bankers, investment advisors, fund managers, looking to better understand the entire spectrum of their clients’ needs.

• Q4 What is the intake size for the programme and how does it benefit the students' learning experience and professional network development?

  Annual intake for the Master of Family Wealth Management programme is limited, and further organised into smaller pods for class discussions and collaboration. This will enable the class to foster a strong sense of fellowship, enriching the graduates’ life-long experience and enhancing their future professional network. The curriculum prioritises teamwork through a compulsory retreat at the start of the programme and coursework throughout the year, building a strong bond amongst students. Students will also be encouraged to self-organise other extracurricular activities to further class camaraderie.