Multiple Learning Streams
The Programme offers three streams: 1) Corporate Finance, 2) Financial Engineering and 3) Risk Management. Students may concentrate on one of the three areas, according to their interests and career aspirations.
Students are required to complete a total of 12 courses, including:
Fundamental
Core Courses
Advanced
Core Courses
Stream
Core Course
Elective
Courses
Capstone
Course
Total
Courses
Double Concentration
Students can be awarded their degree with double concentration in any two of the three areas, provided that they have successfully completed all the core courses in both areas, plus two electives. Normally students are able to complete double concentration within one year.
4 | 4 | 2 | 2 | 2 |
Fundamental Core Courses | Advanced Core Courses | Stream Core Courses first concentration + second concentration | Elective Courses | Capstone Courses first concentration + second concentration |
- Corporate Finance and Asset Valuation
- Economics for Financial Analysis
- Financial Statement Analysis and Business Ethical Standards
- Investment Analysis and Portfolio Management
- Corporate Finance and Asset Valuation
Corporate Finance Stream | Financial Engineering Stream | Risk Management Stream |
Mergers, Acquisitions and Corporate Restructuring* | Advanced Option Pricing Models* | Credit Risk* |
- Derivative Securities
- Fixed Income Securities and Interest Rate Modelling
- Mathematical Techniques in Finance
- Spreadsheet Modelling in Finance
- Derivative Securities
2 Elective Courses**
Candidates can choose electives from a list of courses from Master of Finance and other HKU Business School Masters Programmes
Corporate Finance Stream | Financial Engineering Stream | Risk Management Stream |
Advanced Corporate Finance* | Financial Engineering* | Risk Management* |
Remarks:
Not all of the courses listed above will necessarily be offered each year and the above list is subject to further adjustments.
* Can be taken as an elective course, provided that it is not chosen as a core course.
** Up to two elective courses may be taken from other taught postgraduate programmes offered by HKU Business School. Subject to availability and review by the Programme Director based on students' profile, capabilities, and performance in the Master of Finance Programme.
Preparation for CFA Examination
Our programme includes four fundamental courses in Financial Analysis that are based on the Chartered Financial Analysts (CFA) curriculum, specifically designed to broaden the candidates' knowledge of Quantitative Analysis, Financial Statement Analysis, Economics and Fundamentals of Asset Valuation, such as investment valuation and portfolio management. These four courses allow students to gain a solid knowledge base to prepare for all levels of the CFA examination. The Master of Finance faculty come from a variety of educational backgrounds: finance, economics, statistics, mathematics, law, accounting, and computer sciences, as well as other quantitative disciplines.
Course Exemption & Advanced Standing
Course Exemption
Course exemption of up to four required courses, except the capstone course, may be granted (normally by examination) if candidates:
1. Produce evidence, such as a transcript and course syllabus, that a course is equivalent in content to another course taken elsewhere, for which a satisfactory grade has been obtained, or
2. Are holding relevant professional qualifications* which were obtained before admission to the programme.
No credits will be given for the exempted course and candidates shall be required to take an approved alternative course of the same credit value.
Advanced Standing
Advanced standing of up to two (for single concentration) or three (for double concentration) required courses, except the capstone course, may be granted if:
1. The course is completed at a graduate, postgraduate or master level from a recognised programme elsewhere within the last four years before admission to the programme and a good grade in the course was achieved; or
2. The candidate possesses a relevant professional qualification* which was obtained before admission to the programme.
In such cases, no replacement courses will be required and the tuition fees will be adjusted accordingly.
Applications for course exemption and advanced standing are subject to the approval of the Master of Finance Programme Director and committees concerned.
*Remark: Students who have successfully completed Level II or above of the CFA examination can be granted Advanced Standing and/ or Course Exemption of two of the Fundamental Core Courses. Students who have obtained other professional qualifications, including but not limited to ACCA, CGA, CPA, FRM and PRM, can also apply to be exempted from certain core courses.