(Jointly offered by Department of Statistics and Department of Finance)
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|Admission||Quantitative Finance and Risk Management Science (JS4276)|
The BSc in Quantitative Finance and Risk Management Science Programme (QFRM) is jointly administered by the Department of Finance and the Department of Statistics. It combines the strengths and features of two well-established and highly successful programmes from the respective departments: the Quantitative Finance programme and the Risk Management Science programme. QFRM is one of the top programmes among all quantitatively related ones in Hong Kong in terms of admission credentials.
QFRM provides state-of-the-art training in business and finance, risk management science, mathematics and statistics, and computing applications. Students are also required to take Faulty Package and Capstone.
Faculty Package and Capstone
- University Mathematics
- Economics for Business Studies I & II
- Banking and Finance Practicum
- Financial Markets
- Investment Analysis and Portfolio Management
- Financial Management / Financial Management: Foundations and Analysis
- Foundations in Financial Accounting / Introductory Financial Accounting
- Risk Management and Insurance
Risk Management Science
- Introduction to Risk Management
- Simulation Methods for Risk Management Science and Finance
- Statistical Modelling in Financial Markets
- Risk Management with Derivatives Concepts
- Stochastic Calculus for Finance and Risk
- Computer Principles and Programming(C / C++ / Java /Visual)
- Business Information Systems / Data Structures and Applications / Fundamentals in Information Systems
Mathematics and Statistics
- Linear Algebra I
- Advanced Calculus I
- Basic Concepts in Statistics and Probability I & II
- Introduction to Stochastic Processes
- Applied Regression Analysis
- Multivariate Techniques with Business Applications
- Actuarial Science
- Time Series
By offering comprehensive academic and professional training, QFRM aims to nurture competent finance and risk management professionals who can work in investment banking, corporate and commercial banking, consulting, accounting and financial services, as well as in general management. QFRM also enables students to build up a solid theoretical background for pursuing further study at the Master or Ph.D. levels.
The internship programme allows students to acquire on-the-job training with the participating companies. Internships provide valuable opportunities for students to gain exposure to the professional environment, outside the classroom. QFRM students on average completed 3 internships prior to graduation. Some examples of the internship partners are:
AIA / Bain & Company / Bank of America Merrill Lynch / Bank of China / Bank of East Asia / Barclays Capital / BNP Paribas / CASH Algo / CFA Institute / Commerzbank / Ernst & Young / Eurex Frankfurt AG / Goldman Sachs Hang Seng Bank / HSBC / HKEX / Hong Kong Monetary Authority / J.P. Morgan & Chase / Morgan Stanley / PWC / Royal Bank of Scotland / State Street Global Markets / Standard Chartered Bank / UBS Securities / Western Asset Management Company
LAM Tsz Yu
The QFRM programme is an all-rounded curriculum that provided all of the necessary skills and opportunities for me to explore the financial industry. I received rigorous financial and mathematical training through lectures and projects during my 4-year study. Meanwhile, I participated in various trading competitions, case competitions and internships, which allowed me to put my programming skills and the financial theories I learnt to use. Working at HKEx is highly dynamic, especially with its growing business opportunities and its mission to shape market development. It is a place where you meet professionals from all over the world and work on the cutting edge of the financial market.
YUEN Kin Long
QFRM has been hugely rewarding and resourceful for my academic, career and professional development, through its solid training and support, which are well positioned to help me secure the semester internship at Morgan Stanley. I was an off-cycle semester intern, at both the Corporate Derivative Trading Desk and Exotic Derivative Trading Desk within the Institutional Equities Division of Morgan Stanley. Every day was dynamic and was full of challenges due to dynamic market and highly sophisticated aspects of each trading desk. Thanks to the quantitative and financial training of the QFRM programme, I was able to handle the steep learning curve and understand the complex derivative structures, the pricing models and risk profiles of each of the structures.
TSUI Yu Cheong
A trader has always been a fancy job to a lot of people including me. I am grateful for having a chance to work in JP Morgan as a Global Markets Internship, doing equities facilitation trading which aims to provide liquidity for hedge fund clients to trade in bigger size. I also got another chance to join Jane Street as its Quantitative Trading Internship, and seek trading opportunities through mathematical models. The experiences I got from the two internships were indeed quite different, but generally having a solid financial foundation and statistical knowledge helped me a lot to nail these opportunities. QFRM is exactly the program that equipped me with relevant skill sets and directed me into the industry.