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Operational Research and Risk Analysis, M.Sc.

  • Application Deadline
  • 18 months
    Duration
University rank #91 (QS) ,
The primary aim of this programme is to produce graduates with strong operational research, risk analysis and statistical skills and a thorough understanding of their application in the world of modern operational research and risk analysis. 

About

The programme develops students’ analytical, critical and communication skills, which enables them to pursue a variety of jobs related to operational research and risk analysis, in areas such as logistics service provision, retail, banking, procurement/sourcing and supply chain functions, and modern financial product development and pricing.
 

Operational research, risk analysis, mathematics and statistics are fundamental yet constantly developing subjects. As well as being disciplines in their own right, they form the basis of modern commercial, financial, industrial and technological activities. Mathematical/operational research/statistical models underpin many aspects of operational research and risk analysis today. The secondary aim of the programme is to provide a solid theoretical foundation of operational research, risk analysis and statistics to its students, who will then be able to develop an outlook and powerful methodology that remains valuable in whatever careers they pursue in the fast moving world of business, commerce and finance industry.

Characteristics

Hong Kong is a gateway between East and West. As a global service centre, it plays a major role in interfacing between suppliers and customers around the world. To retain their leading competitive position in serving international markets, it is crucial for Hong Kong businesses to embrace best practices in operational research. As a result, companies are increasingly looking for innovative leaders with the vision and skill to manage their logistics. Moreover, this programme provides training in risk analysis so that graduates can serve policy makers and institutional investors, with foci on various types of financial products such as mutual funds and hedge funds.

Programme Structure

Courses include:

  • Operations Research Methods
  • Probability and Stochastic Models
  • Principles of Risk Analysis
  • Financial Modeling
  • Business Forecasting
  • Simulation and Risk Analysis
  • Advanced Operations Research Methods
  • Optimisation Methods
  • Scheduling
  • Loss Models
  • Mathematics of Finance

Detailed Programme Facts

  • Programme intensity

    You can choose to do this programme part-time or full-time.

    Full-time
    • Full-time duration 18 months
    Part-time
    • Average part-time duration 36 months
    • Intensity Flexible
  • Credits
    30 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    80

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    550

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®
  • Minimum required score:

    6

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

Academic Requirements

General Requirements

  • A Bachelor's degree with Honours in engineering, computer science, basic science, finance, economics or the equivalent (industrial or business experience will be an asset).

Tuition Fee

  • International

    639 USD/credit
    Tuition Fee
    Based on the original amount of 639 USD per credit and a duration of 18 months.
  • National

    511 USD/credit
    Tuition Fee
    Based on the original amount of 511 USD per credit and a duration of 18 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • HK$4,000 per credit for local students
  • HK$5,000 per credit for non-local students

Living costs for Hong Kong

  • 13720 - 23420 HKD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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