Master of Science in Applied Mathematics for Science and Technology

科 技 應 用 數 學 理 學 碩 士 學 位 / 深 造 文 憑

Programme code: 63022
1. GENERAL INFORMATION
 

Specialism in

Actuarial and Investment Science

Specialism in

Decision Science

(a) Programme title

MSc in Applied Mathematics for Science and Technology
(Actuarial and Investment Science)

( )

MSc in Applied Mathematics for
Science and Technology
(Decision Science)


( )

 
(b) Normal duration and Mode of study

2 years Full-time

(maximum 4 years)

3 years Part-time

(maximum 6 years)

 
(c) Fund Type
Self-Financed
 
(d) Credits Required for Graduation
30 for MSc
 
(e) Programme Leader
Prof. Yang Xiao-qi, BSc, MSc, PhD
Deputy Programme Leader
Assistant Programme Leader

Dr. Chan Chi-pak, BS, MPhil, MS. PhD

 
(f) Programme Aims The main aim of the AIS specialism is to provide students with a solid foundation of actuarial and investment science. Its graduates will become leading professionals in addressing business and societal problems that require identification, quantification, assessment, or management of the financial implications of risk. The Programme aims to provide students with up-to-date theoretical and practical knowledge in statistics, operations research and scientific computing relevant to decision making and practical problem solving in engineering, finance and management. We also teach students essential mathematical modelling as well as computational techniques, to develop generic skills required for solving real-life problems.
 
2. TUITION FEES

The fees listed below may be revised for the 2015-16 academic year.

For local student
s HK$3,200 per credit, i.e. HK$96,000 for MSc Degree award (30 credits).

For non-local students HK$4,000 per credit, i.e. HK$120,000 for MSc Degree award (30 credits).

 
 
3. SCHOLARSHIPS

The Kowloon Investment Scholarships: Approximately 3 scholarships of HK$20,000* each would be awarded to students of the programme every year based on academic merit. (* In academic year 2014/15, the award amount has been increased from $12,000 to $20,000)

 
4. CONTINUING EDUCAITON FUND (CEF)

Eligible applicants will be reimbursed 80% of their fees, subject to a maximum sum of HK$10,000 (whichever is the less), on successful completion of a reimbursable course. The fees for more than one reimbursable course may be reimbursed, subject to the maximum ceiling of HK$10,000 per applicant not being exceeded.

Students of these CEF-reimbursable courses may apply for subsidies from the government via http://www.wfsfaa.gov.hk/cef.

 
5. ENTRANCE REQUIREMENTS

The entrance requirements of the programme are as follows:

Bachelor's degree with honours in engineering, computer science, basic science, business, economics, or equivalent (industrial or business experience is an asset).

Remark: For potential applicants holding a Bachelor degree obtained from a university in Mainland China, please note that The Memorandum of Understanding between the Mainland and Hong Kong on Mutual Recognition of Academic Degrees in Higher Education has been signed in Beijing in 2004. Before making applications, please consult the list of recognized universities in Mainland China from the web page of The Education and Manpower Bureau of the Government of the Hong Kong SAR

http://www.edb.gov.hk/FileManager/TC/Content_2522/mou-annex1.pdf

 
6. IMMIGRATION REGULATION

Non-local students studying a full-time programme at degree level or above with a study period of not less than one academic year will be allowed to take up internship, part-time on-campus employment and summer job effect from 19 May 2008. For detailed information, please refer to the following website: http://www.immd.gov.hk/ehtml/id991.htm#III

 
7. ENGLISH LANGUAGE REQUIREMENT

For applicants who are not native English speakers and whose first degree qualifications are not obtained through the English medium, they are required to obtain one of the following to ensure that our admittees have reached a compatible English language standard:

(i) A Test of English as a Foreign Language (TOEFL) score of 80 or above for the internet-based test, OR a TOEFL score of 550 or above for the paper-based test

(ii) An overall Band Score of at least 6 in the International English Language Testing System (IELTS) 

As the above-mentioned qualifications are by no means exhaustive, Departments have the full discretion to accept other English qualifications as deemed equivalent for admitting applicants to your programmes.

*Updated Information can be obtained from Academic Secretariat via http://www.polyu.edu.hk/study/

 
8. PROGRAMME STRUCTURE
Specialism in Actuarial and Investment Science
Specialism in Decision Science

A student studying for MSc (AIS) award needs to complete:

7 compulsory subjects; and
a dissertation or 3 additional core subjects.

A student studying for MSc (DS) award needs to complete:

 4 core subjects (1 compulsory subject);
 3 other subjects (core or elective#); and
a dissertation or 3 additional core subjects.

List of core subjects:

Optimization Methods
Mathematical Modelling for Science and Technology
Applied Linear Models
Forecasting and Applied Time Series Analysis
Simulation
Optimal Control with Management Science Applications
Decision Analysis
Probability and Stochastic Models##
Statistical Inference##
Mathematics of Finance##
Loss Models and Risk Analysis##
Investment Science##
Life Contingencies##
Credibility Theory##
Mathematics of Derivative Pricing
Insurance and Risk Management
AMA537 Advanced topics in Actuarial Science
AMA546 Statistical Data Mining
AMA590
Dissertation

## compulsory subjects

※ SOA VEE subjects, please see Item (15) below for detailed information

List of core subjects:

AMA502 Operations Research Methods
AMA505 Optimization Methods
AMA506 Graphs and Networks
AMA507 Mathematical Modelling for Science and Technology*
AMA513 Design and Analysis of Experiments
AMA514 Applied Linear Models
AMA515 Forecasting and Applied Time Series Analysis
AMA518 Simulation
AMA522 Scheduling
AMA523 Optimal Control with Management Science Applications
AMA524 Scientific Computing
AMA527 Decision Analysis
AMA528 Probability and Stochastic Models
AMA529 Statistical Inference
AMA530 Mathematics of Finance
AMA531 Loss Models and Risk Analysis
AMA532 Investment Science
AMA533 Life Contingencies
AMA534 Credibility Theory
AMA535 Mathematics of Derivative Pricing
AMA537 Advanced topics in Actuarial Science
AMA542 Advanced Operations Research Methods
AMA546 Statistical Data Mining
AMA590 Dissertation

*compulsory subject

  
# Similar to the scheme-based arrangement, students are allowed to take elective subjects from other postgraduate schemes / programmes, as long as prerequisite requirements are satisfied.

The courses have been included in the list of reimbursable courses for Continuing Education Fund (CEF ) purposes .

 
9. SWITCHING BETWEEN SPECIALISMS
Switching from one specialism to the other will be considered on a case-by-case basis.
 
10. ENQUIRIES

For further information on academic matters, please contact

Prof. Yang Xiao-qi 楊曉琪博士

(Tel: 2766 6954; Email: mayangxq@polyu.edu.hk);

 

Dr. Liu Chun-ling, Catherine 劉春玲博士

(Tel: 2766 6931; Email: catherine.chunling.liu@polyu.edu.hk);

 

Dr. Chan Chi-pak 陳志柏博士

(Tel: 2766 6924; Email: chipak.chan@polyu.edu.hk);

 

Ms. Au Wah-yin, Jojo 歐華燕女仕

(Tel: 2766 6949;Email: jojo.au@polyu.edu.hk);

 

or visit our departmental website: AMA

 
11. INFORMATION FOR ON-LINE WEB APPLICATIONS AND FOR CHINESE MAINLAND APPLICANTS

在 線 申 請 及 內 地 申 請 者 申 請 須 知

 
12. Applications packages can be obtained
 
via website at http://www.polyu.edu.hk/study;
 
13. STUDENT ACCOMODATIONS

For information on accommodations at the student hall, please contact:

The Student Affairs Office (SAO) at sahall@polyu.edu.hk

 
14. PHOTOS OF VERY SPECIAL EVENTS
(Prof. Gerber, Prof. Lin, and Prof. Shiu with teaching team members)
 

15. SOA ISSUES

AMA 63022 Subjects vs SOA Exams

VEE - Validation by Education Experience

 

16. LEAVE APPLICATION

Leave application form (for non-local students only)

 

17. CAREER TALK AND RELEVANT ACTIVITIES

A report on the career talk held on January 2006

The Speaker is a Council member of The Actuarial Society of Hong Kong

A report on the career talk held on April 2006

The 2 Speakers are from the senior management of Shun Hing Group

A report on the career talk held on January 2007

The 2 Speakers are from the senior management of AC Nielsen

A report on the career talks held on April 2008

The Speakers are
1) from the senior management of The Nielsen Company
2) Senior Finance Reporter for "Wealth Blog & Finance Talk" of ATV

A report on the Tour to AIA Career Day 2009
 

A report on the Career Talk held on February 2009

The Speaker Dickson Cheung is the Managing Director and Head of Greater China Sales, Asia Pacific Structured Product of Citigroup

A report on the interactive dialogue session held on May 2009

The Speaker is our Adjunct Professor, the Managing Director and Head of Exotics Trading of Merrill Lynch Asia Pacific

A report on the career talk held on 28 January 2010

The Speaker is Senior Manager of Research Department of Hong Kong Monetary Authority (HKMA)

A report on the career talk held on 20 April 2010

The Speakers are Bank Manager(HK), and her colleagues from Darwin Rhodes Group

A report on the career talk held on 30 November 2010

The Speakers are our Adjunct Professor, Managing Director and Head of Exotics Trading of Merrill Lynch Asia Pacific, and his colleague, Head of Asia FX Quants, Bank of America Merrill Lynch

A report on the career talk held on 26 April 2011

The Speaker is the Head of Asia Pacific, Corporate Equity Derivatives, and Capital Markets Origination of Citigroup

A report on the career talk held on 14 October 2011

The Speaker is the Vice President, Merger and Acquisition Group of Global Investment Bank

A report on the career talk held on 18 November 2011

The Speaker is the General Manager of Professional Qualifications & Membership of The Hong Kong Institute of Bankers

A report on the career talk held on 13 February 2012

The Speakers are Mr. Leslie Tang, Deputy Commission of the Census and Statistics Department, and his fellow colleagues

A report on the career talk held on 9 July 2012

The Speakers are the Programs Manager of the Society of Actuaries, and a FSA, the Manager and Actuary of Regional Office of HSBC Insurance

Member Reception by the Society of Actuaries on 25 March 2013

Professor Yang, our Programme Leader, and a group of our students were invited to attend a reception hosted by the Socieity of Actuaries

 

 
Last updated : October 2015