21 Oct 2013
HKUST Business School Launches Two New Full-time Master’s Programs in Accounting and Finance

The Hong Kong University of Science and Technology Business School (HKUST Business School) will boost its postgraduate program portfolio with the launch of two new full-time Master of Science (MSc) programs, namely MSc in Accounting and MSc in Investment Management, in 2014-15.  These programs will be tailored to recent graduates and junior business executives who wish to pursue careers in accounting or investment management.

There is a shortage of high quality talent with advanced degrees in the market, and demand for such programs has been particularly high among accounting and finance professionals in the region, especially in Mainland China. The two new MSc programs will not only help to fill a need for talent, but also equip students with the specialized knowledge and skill sets required to deal with the increasingly complex and sophisticated functions in their respective fields.
The MSc in Accounting (MSAC) is a one-year program for students holding a bachelor degree in business disciplines. The curriculum consists of professional accounting courses that will enable students to enter the Qualification Program (QP) administered by the Hong Kong Institute of Certified Public Accountants (HKICPA).

Students will also take courses in the related fields of finance, information systems, international business and investment, so they can deal with a wide range of situations in the workplace. They are expected to have career opportunities not only in accounting firms, but also financial institutions, multinational corporations, mid-scale firms and state-owned enterprises, particularly those in Mainland China.
Professor Tony Shieh, Academic Director of MSAC, said: “The MSAC program will give students the opportunity to master their discipline in preparation for future success. It is both practical and academically rigorous, and it will groom sophisticated professional accountants who can operate across a variety of business functions.”

The MSc in Investment Management MSc(IM) will capture the growing demand for full-time master’s programs related to finance and also add a new dimension to the School’s portfolio of finance programs. It builds on the well-established part-time MSc in Investment Management program, to provide intensive training for students interested in professional careers in the finance industry. 

The full-time MSc(IM) program begins with a solid foundation of courses in accounting, economics, quantitative and computing skills, investment analysis and financial derivatives, which form the core subjects in the Chartered Financial Analysts (CFA) examination curriculum. There will also be two concentrations – Asset Management and Risk Management. Students may declare one concentration or extend for an extra semester and do both at no extra cost.

Professor Chu Zhang, Academic Director of the full-time MSc(IM), said: “Finance is a fascinating subject, in which economic theories and models meet with practical strategies of designing, issuing and trading financial securities.  Hong Kong, as a financial center, is home to all major international financial institutions, which offer great opportunities for ambitious young people in the field of Finance.   HKUST Business School has helped many young people realize their dreams.”

Classes of both full-time MSAC and MSc(IM) will start in the Fall semester of 2014. Both programs are now open for application. Applicants for the MSAC must have a bachelor's degree in a business discipline from a recognized university or institution. Applicants for the full-time MSc(IM) must have a bachelor’s degree in any discipline from a recognized university or institution, and satisfactory GMAT or GRE results. Both programs also require satisfactory IELTS or TOEFL results if the applicant’s native language is not English, or if their bachelor degree or equivalent qualification was awarded by an institution where the medium of instruction was not English. (Source: http://www.bm.ust.hk/web/en-US/Pages/press-release-detail/145)


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