July 7, 2016

About Us

The Risk Management Science (RMSC) Programme, offered by the Department of Statistics of the Chinese University of Hong Kong (CUHK), has played a leading role in cultivating talents for the risk management field in Hong Kong since 2000.

The financial crises of the late 1990s not only stimulated public interest in risk management, but also raised awareness of its importance in today’s investment environment. Public awareness of ‘big data’ has grown since early 2000, and the ability to extract meaning from data and to possess a thorough understanding of risk management has become vital to financial institutions. This programme is designed to fulfil the increasing demand for talents in this area.

Our programme is suitable for students who want to pursue a career in the financial industries, and who have a particular aspirations towards scientific methodologies. Our programme aims to equip students with the knowledge and skills to understand risk management from both theoretical and application perspectives in insurance, finance and other related areas. Risk management is an interdisciplinary subject, so in addition to statistics our students will receive a solid training in other foundation subjects including finance, economics, accounting, mathematics and computer science. The core courses in the curriculum cover fundamental theories and concepts in risk management, while elective courses enable students to explore the technical and analytical aspects of risk management, including stochastic calculus for finance and risk, statistical modelling, categorical data analysis and simulation methods with financial applications. In addition, research-based projects and industrial internships offer a bridge to connect the classroom with the industry.

Graduates are expected to be well-equipped for positions in risk management, finance, banking, insurance, IT and related areas, in which the quantitative and analytical skills of risk management are required. Postgraduate M.Phil. programmes are also offered to students who intend to pursue further study.