| Major Title |
Major in Risk Management |
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Offered to students admitted to Year 1 in |
2025
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Objectives:
The Major in Risk Management aims to provide students with the skills and expertise in the theory and methodology behind the scientific process of risk management, with application to actuarial science, finance and other related areas of interest. It is designed to provide solid training in the concepts of the risk management process, statistical models and methods of risk management, and good risk management practice. Core courses in the curriculum emphasize fundamental concepts and nature of risk assessment, risk management and governance from different standpoints while elective courses provide either training in specific Risk Management disciplines or an extension of knowledge aiming to give students more modeling, technical and analytical skills in risk management, including data mining, stochastic calculus, and financial time series modeling.
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Learning Outcomes:
By the end of this programme, students should be able to:
| PLO 1 : |
identify and categorize the various risks faced by an organization and be able to demonstrate a critical understanding of generic risk management issues and techniques
(by means of coursework, tutorial classes and/or project-based learning in the curriculum) |
| PLO 2 : |
analyze and assess risk management situations, and be able to deal with qualitative as well as quantitative aspects appropriate to the situation
(by means of coursework, tutorial classes and/or project-based learning in the curriculum) |
| PLO 3 : |
critically evaluate and make effective use of models and techniques for risk assessment and management, and appraise the related ethical issues
(by means of coursework, tutorial classes and/or project-based learning in the curriculum) |
| PLO 4 : |
make informed risk management decisions, employ any techniques necessary to acquire and interpret relevant data and information from different sources and the factors that influence their perceptions of risk identification, risk reduction, risk mitigation and risk transfer
(by means of coursework, tutorial classes and/or project-based learning in the curriculum) |
| PLO 5 : |
communicate and collaborate with people effectively on risk management issues
(by means of coursework, tutorial classes, project-based and/or capstone learning in the curriculum) |
| PLO 6 : |
gain insights into current advances in risk management through either project or industrial training
(by means of coursework, tutorial classes, project-based and/or capstone learning in the curriculum) |
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Impermissible Combinations:
Bachelor of Statistics
Major in Decision Analytics
Major in Statistics
Minor in Risk Management
Minor in Statistics
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Required courses (90 credits)
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Notes:
1. If the same courses are listed as disciplinary core in both this major (as a second major) and the primary major (or programme/professional core) undertaken by a student, the student must make up the number of credits by taking replacement course(s) stipulated by the second major. Double counting of credits is not permissible.
2. Students should have level 2 or above in HKDSE Mathematics Extended Module 1 or 2 or equivalent to take this major. Students who do not fulfill this requirement are advised to first take MATH1011 University Mathematics I.
3. Students who have completed MATH2014 Multivariable Calculus and Linear Algebra to fulfil the requirement of their primary major should apply for course replacement with MATH2101 Linear Algebra I and MATH2211 Multivariable Calculus in lieu.
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Remarks:
Important! Ultimate responsibility rests with students to ensure that the required pre-requisites and co-requisites of selected courses are fulfilled. Students must take and pass all required courses in the curriculum of the declared major in order to satisfy the requirements of the major.
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