The Master of Science in Finance consists of 10 courses.

Master of Science in Finance
The University of Michigan-Dearborn

A Ladder to Excellence:

Standing proudly as an Asian financial hub, the competition for employment in the local business and financial sectors is certainly fierce. That said, there are still ample career opportunities in the finance field for students in possession of sound academic qualifications. For undergraduates and holders of post-graduate diplomas who want to stand above the crowd, it is natural for them to take another step towards an Master of Science in Finance qualification.

The Master of Science in Finance (MSc in Finance) program is delivered by the College of Business of the University of Michigan-Dearborn. It is a part-time master's program spanning 20 months that meets the high standards of academic excellence by fully integrating theories and practices. Award Parchment issued by the University of Michigan Dearborn to students of Master of Science in Finance program in Hong Kong is identical to that of the program offered in USA.

Tim Lai, Program Leaderof College of Business and Finance, HKU School of Professional and Continuing Education (HKU SPACE) mentioned, “This program is developed by the Department of Accounting and Finance of the College of Business, University of Michigan-Dearborn, which is a fully accredited member of the AACSB International – The Association to Advance Collegiate Schools of Business.. More than 150 graduates gave positive feedback on the valuable and practical knowledge brought forth by this course.”

Local Intelligence, Global Perspective

Face-to-face lectures are taught by highly-qualified instructors who are either PhD holders or CFA charter-holders from both the University of Michigan-Dearborn (UMD) and HKUSPACE. Tim pointed out that while American lecturers can widen students’ horizons with a global perspective and in-depth academic research training, local lecturers will guide them towards real-life business applications of the theories learned. He said, “Hong Kong students are clear about what they wanted and learning how to apply textbook knowledge onto their work is a value that can enhance their competitiveness in the job market. With lectures conducted by both UMD and HKU SPACE, a good balance between interaction and information is attained. This collaboration gives an impetus to the marriage of dynamics of American business education and regional prominence of HKU SPACE.”

Same Curriculum, Same Recognition

The curriculum of the Master of Science in Finance (HK) Program extensively incorporates the Body of Knowledge of the Chartered Financial Analysts (CFA) examinations. This provides a solid foundation for individuals who are interested in pursuing CFA credentials, while providing a broad knowledge base in Finance and related subjects for individuals who aspire to pursue careers in investment management and financial management. “Upon successful completion of the MSc in Finance program, graduates will receive the same degree that is awarded to graduates of the US campus and become part of the alumni family of the internationally renowned University of Michigan. Student may also choose to continue the course in Hong Kong or abroad in Michigan.” Tim added.

Flexible Online Study Option
The exceptional performance of UMD faculty has qualified the College of Business of UMD as one of the 900 schools worldwide to be accredited by AACSB.   This accreditation not only speaks to the quality of the UMD faculty but also to the relevancy and practical nature of the courses offered in the College of Business, UMD.

Being one of the leading providers of quality online business education, The University of Michigan-Dearborn’s College of Business values and promotes global learning exchanges among their students. The Master of Science in Finance (HK) students are offered the option to enroll in a maximum of two online courses along with students from the United States and other countries as part of their study in the MSc in Finance Program. Through the online learning platform, participating MSc in Finance (HK) students are offered valuable opportunities to exchange experiences and perspectives with students across the globe without leaving Hong Kong and to enjoy more flexibility when planning their schedules.

There is one intake in October each year. According to Tim, to maintain alignment with quality standards set by AACSB International, the MSc in Finance is in high demand but only about 40 students are admitted each year. Candidates need to possess an undergraduate degree from an accredited university recognized by UMD and a proficient level of English. The strength of a candidate’s academic background will be heavily considered though not all of the students admitted are working in the finance field. Those who have professional work experience in other areas will be able to embark on their new career in the finance field after graduation.

To be awarded the master’s degree, students are required to complete 6 compulsory and 4 elective courses. Tim emphasized that although the Body of Knowledge of the Chartered Financial Analysts (CFA) examinations is incorporated in the program curriculum, it is very different from those preparatory programs by nature.

"Students will find that the 6 compulsory courses are designed to help them construct a solid foundation of knowledge step by step," Tim explained, "for instance, Applied Statistical Modeling will be delivered as a whole before students are required to take courses of Economic Analysis and Investment Process, so that skills acquired in one course can be put into practice when study for subsequent ones."

As a final note, Tim reiterated that the HKU SPACE Master of Science in Finance is the only program offered by University of Michigan-Dearborn in Hong Kong, and it is naturally a smart choice for those who are in pursuit of career advancement in the finance field.

報讀財務學理科碩士　把握投身金融行業的發展機會

金融業一直是香港經濟支柱，令不少人對金融業感興趣。香港大學專業進修學院與美國密支根大學第爾本分校(University of Michigan-Dearborn) 合作推出財務學理科碩士(Master of Science in Finance)，課程内容涵蓋多方面的財務知識，包括財務管理、企業融資、經濟學、投資管理及各類型的投資產品，如衍生工具及債務等。完成課程後，畢業生可獲得University of Michigan-Dearborn頒授的畢業證書。

美國密支根大學第爾本分校屬世界級大學，更擁有美國國際商管學院促進協會（AACSB）的認可。財務學理科碩士收生要求嚴謹，學員需修畢由美國密支根大學認可的學士（本科）課程，及具備一至兩年工作經驗。約五分之一的學員入學時已擁有碩士學位，平均亦有十年或以上的工作經驗，當中更不乏企業管理層。

學員一般只需二十個月便可完成該碩士課程，而為配合大部分的在職學員，課堂會安排在周末，並以小班教學模式進行。課程主任酈錦添表示，課程會由美國密支根大學第爾本分校與香港大學專業進修學院的導師教授，大部分導師均擁有博士學歷及CFA專業資格。另外，課堂内容着重學生參與和個案研究，而且會採用香港及美國案例。

值得一提的是，學員今年開始可選擇透過網上學習模式修讀部分學科，讓學員可與海外（如美國或歐洲等地）的同學交流。酈錦添說：「通過互聯網，學員能夠跟美國及來自其他國家的學員共同學習，分享彼此對相關個案的看法，擴闊視野。」

課程畢業生將直接獲密芝根大學第爾本分校頒授碩士學歷，並成為其校友網絡的一分子。大部分科目已溶入CFA Body of Knowledge，所以學員修畢此課程後應該具備一定的能力考取專業試。此課程已被列入為持續進修基金認可課程。

零八年畢業生林艾瑩在大學時主修時裝設計，畢業後她因工作接觸到不同行業的人士，發現自己對金融業感興趣，即使已有一個碩士學位的她，仍然決定報讀美國密支根大學第爾本分校的財務學理科碩。

林艾瑩坦言：「當我正在修讀該財務學理科碩士，決定轉行投身金融業，而應徵時我在履歷表提及修讀此課程後，很快便成功轉行。」她表示，課程內容水平甚高，「幸好香港及美國的導師也很樂意解答學生的疑問，讓我們不斷詢問。」她認爲，該課程內容包括實際及豐富的金融知識外，還可以認識到很多金融業人士，有助建立良好的人際網絡，開拓發展空間。

• 1 intake per year in October

• Class Participation
• Assignments
• Examinations
• Group Projects