M.Sc. in Risk Management Science

An Overview

Risk management is an important subject in both the financial and public sectors. A successful risk management system incorporates expert knowledge from the fields of mathematics, statistics, actuarial science, finance, computing and engineering. This synergy of interdisciplinary knowledge distinguishes risk management from more traditional subjects. 

The Risk Management Science programmes offered by the Department of Statistics at the Chinese University of Hong Kong have played leading roles in the development of the risk management discipline in Hong Kong. The highly successful Master of Science Programme in Risk Management Science was launched in 2003 and has been well received by the public. The Programme incorporates interdisciplinary knowledge from mathematics, statistics, actuarial science, finance, computing and engineering into risk management. Graduates are equipped with state-of-the-art risk management expertise that will allow them to play a leading role in the industry.

Admission Requirements

To be considered as a qualified applicant, one should 

  • be a Bachelor’s degree holder with Second Honours Class or above in Business, Science, Finance, Economics, Engineering or related disciplines, 

  • fulfil the English Language Proficiency Requirement stipulated by Graduate School (more information on that requirement is available on the Graduate School website at https://www.gs.cuhk.edu.hk/admissions/admissions/requirements) and

  • preferably possess knowledge of business, economics and/or finance though not compulsory.

Programme of Study

It is a two-year part time taught master degree programme. Students should satisfy the following requirements in order to obtain the degree.

(i) Course Requirement 

Students are required to complete a minimum of 24 credits in order to graduate.

First year                            Core courses: 9 credits;  Elective courses: 3 credits
Second year                       Core courses: 6 credits;  Elective courses: 6 credits
Total: 24 credits

Suggested Study Plan: 
1st Term of Year 1:            RMSC5002, RMSC5101, RMSC6004
2nd Term of Year 1:           RMSC5004, RMSC5102, STAT6104, STAT6105, STAT6108  
1st Term of Year 2:            RMSC5003, RMSC6001, STAT5103
2nd Term of Year 2:           RMSC5001, RMSC6002, RMSC6006
Note: Students should take at least 2 elective courses at RMSC6000 level or above, or at STAT5000 level or above.Course descriptions can be found at http://www.sta.cuhk.edu.hk/Programmes/PostgraduateStudies/PostgraduateCourseList.aspx.

(ii) Other University Requirements

(a) Students much fulfill the Term Assessment Requirement of the Graduate School. For details, please refer to Section 13.0 “Unsatisfactory Performance and Discontinuation of Studies” of the General Regulations Governing Postgraduate Studies which can be accessed from the Graduate School Homepage http://www.gs.cuhk.edu.hk/.

(b) A student must achieve a cumulative grade point average (GPA) of at least 2.0 in order to fulfill the graduation requirement.


Application Procedure

Applicants can submit online applications at Graduate School webpage (http://www.gs.cuhk.edu.hk/page/ApplicationforAdmission).

The supporting documents should be returned to the Division of Statistics, Room 119, Lady Shaw Building, The Chinese University of Hong Kong, Shatin, Hong Kong. Please write your “Application No.” generated for your application when sending the hard copies of the supporting documents. For the list of required supporting documents, please refer to Graduate School website http://www.gs.cuhk.edu.hk/page/ApplicationforAdmission.


Application Deadline

The application deadline for 2020/21 admission is 28 February 2020.


General Enquiries

For general enquiries, please contact us at 

Tel: (852) 3943-1746
Fax: (852) 2603-5188 
Email: mscrms_admission [at] sta.cuhk.edu.hk


Tuition Fee

Tuition fee is HKD 75,800 per year for 2020/21 admission (Subject to University Approval)


Academic Partnership with GARP

The M.Sc. in Risk Management Science programme is an Academic Partner of the Global Association of Risk Professionals (GARP). 

“GARP is very pleased to announce the addition of The Chinese University of Hong Kong to the GARP Partnership for Risk Education. The M.Sc. in Risk Management Science offered by the Faculty of Science is a highly rigorous program. The curriculum offered is interdisciplinary in its approach, and provides its students a solid grounding in mathematics, finance, statistics etc., ensuring they will be well positioned to pursue the FRM designation and to assume strategic roles within the global risk management profession." 

Dr. Chris Donohue, Managing Director
Head of Research & Educational Programs, GARP  

Continuing Education Fund (CEF)

The course "RMSC 5003 - Risk Measures" has been included in the list of reimbursable courses under the Continuing Education Fund. Eligible applicants may submit unlimited number of claims for reimbursement of fees up to a maximum sum of HK$20,000 within one year upon successful completion of CEF reimbursable courses and before reaching the age of 71.


Information on Course of Study: 

 Name of Institution CUHK 
 CEF Institution Code        002
 CEF Course Title Risk Measures
 CEF Course Code 23Z03304-8