Important Update: (Updated 10:04 am, Thursday, June 3)

Our University has announced the learning, teaching and assessment (LTA) arrangements for Semester One, 2021/22. Please click here for details.


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

Sept 2021 Entry
Programme code: 63022

Duration & Credit Requirement

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$6,000 per credit for local and non-local students

Programme Leader(s)

Programme Leader

Prof. Yang Xiao-qi
BSc, MSc, PhD

Deputy Programme Leader

Dr Lou Yijun
BSc, MSc, PhD

Assistant Programme Leader

Dr Guo Xin
BSc, MPhil, PhD

  • Most students of the Actuarial and Investment Science specialism actually complete the study within one year and a half.
  • Switching between specialisms after admission to this MSc programme will be considered on a case-by-case basis. For example, a local student who is enrolled in the Actuarial and Investment Science specialism can transfer to the Decision Science specialism, or vice versa, if he or she fulfils the specialism requirements (application is subject to approval). Non-local students holding student visa should only be registered in full-time programme.

Aims & Characteristics

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

Recognition & Prospects

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


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


Core Areas of Study

Seven Compulsory Subjects (21 credits)

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


Three Core Subjects from the following list or a Dissertation

  • Applied Linear Models
  • Decision Analysis
  • Forecasting & Applied Time Series Analysis
  • Mathematical Modelling for Science & Technology
  • Mathematics of Derivative Pricing
  • Optimal Control with Management Science Applications
  • Optimization Methods
  • Principles of Corporate Finance
  • Simulation
  • Statistical Data Mining


Information on the subjects offered can be obtained at

Entrance Requirements

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

Other Information

Some of the subjects in this programme have been included in the Continuing Education Fund (CEF) list of reimbursable subjects (for course commencement before March 2023).


The CEF list includes:

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



For further information, please contact:
Prof. Yang Xiao-qi, Programme Leader
(tel: (852) 2766 6954; email:;
or Dr Lou Yijun, Deputy Programme Leader 
(tel: (852) 3400 3980; email:;
or Dr Guo Xin, Assistant Programme Leader 
(tel: (852) 3400 3751; email:;
or Ms Jojo Au (tel: (852) 2766 6949; email:; 
or visit our website at

Student Message

Student Message

The specialism in Actuarial and Investment Science provided me with the opportunity to broaden both my theoretical and professional knowledge. With an English teaching environment and classmates from different backgrounds, the 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 learned how to use many popular software packages, such as SPSS and SAS, but also helped me to apply that knowledge. The Department also provided good facilities and a curriculum which was in line 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

Additional Documents Required

Employer's Recommendation


Transcript / Certificate



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

Info Seminar

Info Seminar

No information is available at present.

Programme Leaflet

Programme Leaflet

No information is available at present.