Master of Science in Applied Mathematics for Science and Technology (Actuarial and Investment Science)

Sept 2017 Entry
Programme code: 63022

Duration & Credit Requirement

Stream Code


Mode of Study
Normal Duration

2 years

Credits Required for Graduation


Fund Type
Initial Registration Credits

3 for local students
9 for non-local students

Tuition Fee

HK$3,200 per credit for local students
HK$4,000 per credit for non-local students

Programme Leader(s)

Programme Leader

Prof. Yang Xiao-qi
BSc, MSc, PhD

Deputy Programme Leader

Dr Catherine Chun-ling Liu
BSc, MSc, PhD

Assistant Programme Leader

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

  • Switching between specialisms after admission to this MSc programme will be considered on a case-by-case basis. For example, a student who is enrolled in the Decision Science specialism can transfer to the Actuarial and Investment Science specialism, or vice versa, if he or she fulfils the specialism requirements.
  • Most students of the Actuarial and Investment Science specialism actually complete the study within one year and a half.

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 the 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 computer packages to handle real-world data and solve practical problems.

Recognition & Prospects

Our graduates become leading professionals in tackling business and societal problems that require the identification, quantification, assessment or management of the financial implications of risk.


Programme Structure

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

For details of the programme structure, please refer to

Core Areas of Study

Seven Compulsory Subjects (21 credits)

  • Probability & Stochastic Models
  • Statistical Inference
  • Mathematics of Finance
  • Loss Models & Risk Analysis
  • Investment Science
  • Life Contingencies
  • Credibility Theory

Three Elective Subjects from the following list or a Dissertation

  • Optimization Methods
  • Mathematical Modelling for Science & Technology
  • Applied Linear Models
  • Forecasting & Applied Time Series Analysis
  • Simulation
  • Optimal Control with Management Science Applications
  • Decision Analysis
  • Mathematics of Derivative Pricing
  • Advanced Topics in Actuarial Science
  • Statistical Data Mining
  • Dissertation

Information on the subjects offered can be obtained at

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.

Other Information

Some of the subjects in this programme have been included on the Continuing Education Fund (CEF) list of reimbursable subjects.

The CEF list includes:

  • Mathematics of Finance
  • Investment Science
  • Life Contingencies
  • Mathematics of Derivative Pricing


For further information, please contact:
Prof. Yang Xiao-qi, Programme Leader
(tel: (852) 2766 6954; email:;
or Dr Catherine Chun-ling Liu, Deputy Programme Leader 
(tel: (852) 2766 6931; email:;
or Dr Chan Chi-pak, Assistant Programme Leader 
(tel: (852) 2766 6924; email:;
or Ms Jojo Au (tel: (852) 2766 6949; email:; 
or visit our website at

Student Message

The specialism in Actuarial and Investment Science provide me with the opportunity to expand both my theoretical and professional knowledge. With an English teaching environment and classmates from different knowledge backgrounds, this learning experience was rich and established a foundation for my further academic pursuit. The programme not only provided me with the opportunity to study mathematical modelling and learn how to use many popular software packages, such as SPSS and SAS, but it also helped me to apply that knowledge. The Department also provided good facilities and a curriculum consistent with the requirements of the Society of Actuaries, providing a solid foundation for my career development. The journey was challenging but rewarding.

Sun Xuting

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 (Specialism in 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

Employer's Recommendation


Programme Leaflet


Transcript / Certificate



Please state all relevant professional qualifications/examination results obtained, e.g. SOA examination results.

Info Seminar

No information is available at present.