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. The ability to extract meaning from data and possess a thorough understanding of risk management has become vital to financial institutions. This programme is designed to fulfil the increasing demand for talent in this area.

Our programme is suitable for students who want to pursue a career in the financial industries, and who are interested in quantitative and mathematical methodologies. It is specifically designed 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. Our students receive solid training in statistics and other foundational 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, various enrichment activities such as alumni talks and seminars, research-based projects and industrial practicums provide in-depth professional training and act as a bridge between the classroom and industry.

Our graduates are well equipped for positions in risk management, finance, banking, insurance and related areas in which the quantitative and analytical skills of risk management are required. Postgraduate programmes are offered to students who intend to pursue further study.