HKU HKU Dept of Statistics & Actuarial Science, HKU

Bachelor of Science (Major in Risk Management) (BSc)

2020 BSc graduate (Major in Risk Management)

"When I reflect on my four years in the University of Hong Kong BSc(4) program, I conclude that the experience not only made me a better student, but also prepared me to be a confident, independent and open-minded girl. Through the BSc Program, I met the professors with a wide range of knowledge. Also, with the incredibly supportive classmates and teamwork opportunities, these form a wonderful memory in my life, and the best educational experience I’ve had. Having been shaped in part by the collegial and creative, yet rigorous, environment at HKU, I found myself able to communicate, innovate, and collaborate in ways that enabled me to build a successful communications consulting practice, independent thinking ability and eventually to get my dream job – the investment analyst in an Asset Management Firm in central."

William LAM
2018 BSc graduate (Major in Risk Management)

"I am currently a senior investment consultant of a listed company. I am in charge of algorithmic trading and wealth management for high-net-worth clients. I have obtained professional qualifications, including Financial Risk Manager (FRM), Certified Professional Wealth Manager (CPWM) and Certified Anti-Money Laundering Specialist (CAMS).

Throughout my four years of study at HKU, I have acquired extensive knowledge and skills in risk management. I have learnt probability and statistics, financial instruments and portfolio management, credit risk and market risk analysis that are applicable to my work. For example, I hedge market risks with options; construct optimal portfolios for clients; and evaluate investment performance using various risk metrics. Thanks to the summer course about programming skills for data analysis offered by the Department of Statistics and Actuarial Science (SAAS), I have mastered SAS, Excel VBA and SQL that enable me to perform financial modeling and make prudent investment decisions.

I am grateful to SAAS for the Career Advising Program (CAP) that provides me with career talks, company visits, alumni sharing, CV consultation and mock interviews, so I can familiarize myself with the risk management industry and better prepare for job hunting. With such fruitful resources, I have a clearer and more expedient career path to achieve my life goals "

Desmond CHU
2014 BSc graduate (Major in Risk Management)

"I am very grateful that risk management major equipped me the scientific mindset and analysis skills for me to succeed in external business environment. The long-term success of a business hinges on the objective analysis rather than subjective insights, therefore, using a data-driven approach to make evidence-based decisions can always help in growing leadership skills. The 4-year risk management program helped me to develop solid data analysis skill with all rounded training in data analytical tools, such as R, SAS, etc which is very helpful after my graduation so that I have seamless transition to external business context. The design of program consists of a very balance for practical and theory learning. Together with best-in-class quality of professors and support, I always believe the program is really the best option for my bachelor degree study"

Stephanie Wenxin LIANG
BSc graduate (Major in Risk Management)

"What I find most valuable about the BSC – Risk Management program as I reflect on my studies 3 years after graduation is that the program has equipped me with necessary analytical and statistical capabilities to understand the whys and hows behind the financial theorems and metrics. In my current job as a corporate banking associate, on daily basis I would need to deal with different products and clients with different risk profiles. While I’m not expected to develop my own models for risk measurement, it’s crucial to understand the risks associated with each client/product and how it’s being measured and reflected into various metrics. In the banking industry or the financial industry in broader sense, having a general understanding of different risk types arising from various types of investments, and at the same time having the capability to deep dive into technicalities of managing / hedging risk effectively would be very important and valuable skillsets that Risk Management students are privileged to have.

In addition, similar to all other programs offered by HKU, there is much flexibility on electives / second major or minor selection, where students may select courses as they like to supplement necessary skillsets for their ideal career or fulfill personal interests. Student can also conduct research guided by experienced professors under SAAS Risk Management program if they want to pursue further studies, or undertake internships as supported by the faculty if they would like to start their career journey sooner. I was lucky enough to try both research and internships during my 4 years at HKU as supported by the faculty and those experiences had indeed helped me make informed decisions on my career path after graduation. I have no regrets for my time spent in HKU under BSC Risk Management program and do hope that you could feel the same and explore your 'possibilities' as well."

CHAN Tsz Yan
2013 BSc graduate (Major in Risk Management)

"Having completed an undergraduate degree in Risk Management 10 years ago, I can confidently say that it has been instrumental in shaping my career path. Today, I am working as a trader in a bank, and my knowledge of risk management has proven to be invaluable in this role.

Risk management is a critical component of the financial industry, and it is essential to have a deep understanding of the various risks associated with different financial instruments. My undergraduate studies provided me with a comprehensive understanding of risk management principles, including credit, market, operational, and liquidity risks. These have proved to be essential in my career as a trader.

As a trader, I am constantly making decisions that have the potential to expose the bank to various risks. My risk management background has allowed me to make informed decisions and manage these risks effectively. For example, I am able to identify and assess the potential risks associated with different financial products, enabling me to make informed decisions on whether to invest in them or not.

Furthermore, my risk management background has also given me a better understanding of the regulatory environment in which banks operate. This knowledge has allowed me to ensure that the bank I work for remains compliant with the relevant regulations, reducing the risk of regulatory fines and reputational damage.

Overall, my studies in Risk Management have been instrumental in shaping my career in the financial industry. They have provided me with the knowledge and skills necessary to manage risks effectively, make informed investment decisions, and ensure regulatory compliance. I am grateful for the foundation that my undergraduate studies provided me, and I believe that they will continue to be valuable throughout my career."

Timothy YU
2012 BSc graduate (major in Risk Management)

Timothy is the cofounder of Snapask, a mobile application which has connected more than two million users with 250,000 educators across different countries, and has also amassed over $20 million in funding along the way. The success of Snapask has earned Timothy a place in Forbes Asia's inaugural 30 under 30 list in 2016.


 Aims and Features

The Risk Management (Programme Code: 6901) curriculum aims to provide students with the skills and expertise to enable them to acquire the theory and methodology behind the scientific process of risk management, with application to actuarial science, finance and other 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 emphasise 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 discrete-time models in finance, stochastic calculus with financial applications, and financial time series modeling.

Through participating in experiential learning activities including research-based projects, industrial internships and overseas exchanges, students could enhance their knowledge in risk management and exposure in managing risk in practice, and improve their thinking and communication skills.

The Major caters for students with good mathematics background and is designed to meet a steadily rising demand for risk analysts in government or private consulting firms, and business, finance, insurance, IT, marketing research industries. Meanwhile, Minor in Risk Management is an excellent complement to a degree in other fields.

For more information, please read our Programme Brochure for 2023-24.

For the collection of Facebook posts and stories about the Major, please click #HKU6901BScRiskManagement.

     Study Programme Total number of students in 2022-23 (from year 1 to 6)
     6901 Bachelor of Science (Major in Risk Management) 146
Updated on NOV 1, 2022




Programme Brochure
click here