Faculty of Science

Sept 2024 Entry


2 years




Most students complete the study within one year and a half.

Application Deadline
Local - Full-time
Sept 2024 Entry: Closed
Non-local - Full-time
Sept 2024 Entry: Closed
About Programme
How to Apply
Aims & Characteristics

Programme Aims

The main aim of the Actuarial and Investment Science (AIS) specialism is to provide students with a solid foundation of actuarial and investment science. Graduates will become leading professionals in addressing business and societal problems that require identification, quantification, assessment or management of the financial implications of risk.



Our programme provides graduate-level subjects with an emphasis on the advanced methodologies and techniques of actuarial and investment science that are useful to financial and actuarial professionals.


Our focus is on applications and the use of software packages to handle real-world data and solve practical problems.

Recognition & Prospects

In recent years, our graduates in Actuarial and Investment Science specialism have continuously secured internship positions in leading insurance companies and investment banks as actuaries and data analysts in both Hong Kong and Mainland China.


Programme Structure

A student studying for the MSc (AIS) award must complete 7 Compulsory Subjects (21 credits), and 3 Core Subjects (9 credits) or a Dissertation (9 credits).


For details of the programme structure, please refer to https://www.polyu.edu.hk/ama/study/pg/master-applied-mathematics-aim/.


Core Areas of Study

7 Compulsory Subjects (21 credits)

  • Credibility Theory

  • Investment Science

  • Life Contingencies

  • Loss Models and Risk Analysis

  • Mathematics of Finance

  • Probability and Stochastic Models

  • Statistical Inference


3 Core Subjects from the following list or a Dissertation

  • Advanced Topics in Quantitative Finance

  • Applied Linear Models

  • Decision Analysis

  • Forecasting and Applied Time Series Analysis

  • Mathematical Modelling for Science and Technology

  • Mathematics of Derivative Pricing

  • Optimal Control with Management Science Applications

  • Optimisation Methods

  • Principles of Corporate Finance

  • Quantum Computing for Data Science

  • Simulation

  • Statistical Data Mining


Information on the subjects offered can be obtained at https://www.polyu.edu.hk/ama/study/pg/master-applied-mathematics-aim/curriculum/.

Credit Required for Graduation


Programme Leader(s)

Programme Leader

Dr Lou Yijun
BSc, MSc, PhD

Deputy Programme Leader

Dr Zhang Guofeng
BSc, MSc, PhD

Assistant Programme Leader

Dr Fu Guanxing
BSc, MSc, DSc

Subject Area
Applied Mathematics for Science and Technology (Actuarial and Investment Science)
Entrance Requirements
  • A Bachelor's degree with Honours in engineering, computer science, basic science, business, economics, or the equivalent (industrial or business experience will be an asset).


If you are not a native speaker of English, and your Bachelor's degree or equivalent qualification is awarded by institutions where the medium of instruction is not English, you are expected to fulfil the University’s minimum English language requirement for admission purpose. Please refer to the "Admission Requirements" section for details.


For further information, please contact:
Dr Lou Yijun, Programme Leader
(tel: (852) 3400 3980; email: yijun.lou@polyu.edu.hk);
or Dr Zhang Guofeng, Deputy Programme Leader 
(tel: (852) 2766 6936; email: guofeng.zhang@polyu.edu.hk);
or Dr Fu Guanxing, Assistant Programme Leader 
(tel: (852) 2766 6957; email: guanxing.fu@polyu.edu.hk);
or Mr Tim Tsui, Programme Secretary
(tel: (852) 2766 6947; email: pun-yeuk.tsui@polyu.edu.hk)

or visit our website at https://www.polyu.edu.hk/ama/study/pg/master-applied-mathematics-aim/.

Initial Registration Credits

3 for local students
9 for non-local students

Tuition Fee

HK$8,200 per credit for local and non-local students

Student Message

In the recent years, the actuarial profession has been ranked among the top 10 job choices in some developed countries based on income, work environment, stress levels and career development. However, there is no such thing as an easy career, and a long journey of study and examinations is necessary to become an actuary.


That is why I chose to study in the MSc in Applied Mathematics for Science and Technology (Actuarial and Investment Science) programme. The specialism not only consolidated my knowledge of actuarial and investment science, but also provided me with a way to approach the preliminary exams of the Society of Actuaries.

Wong Wing Fung Martin
Additional Documents Required
Transcript / Certificate


Curriculum Vitae



Please state all relevant professional qualifications/examination results obtained, e.g. Society of Actuaries (SOA) examination results.

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