Key Information

• Duration: 1.5 years (full-time)/ 2.5 years (part-time)
• Intake/Start date: Fall term / September

Admission Criteria

To be eligible for admission to the Master of Science in Financial Mathematics program, candidates must:

• Comply with the General Admission Requirements for Taught Postgraduate Programs;
• Hold a bachelor's degree in mathematics, engineering, physical sciences, or equivalent qualification from a recognized university or tertiary institution;
• Satisfy the University English language requirements (as specified below)

Program Fee

The program fee for the 2025/26 Intake is HK$250,000 for 36 credits. This applies to both full-time and part-time students. Students who wish to enroll for extra credits or need to retake any courses in the program are required to pay an extra fee of HK$ 6,945 per credit.

English Requirements

• Test of English as a Foreign Language (TOEFL)
  • Paper-based test (PBT) score of no less than 550
  • Internet-based test (iBT) score of no less than 80
• International English Language Testing System (IELTS)
  • overall score of 6.5 (raised from 6.0 previously) with no sub-score lower than 5.5
• You do not need to present TOEFL or IELTS score if
  • your first language is English, or
  • your bachelor's degree (or equivalent) is from an institution where the medium of instruction is English.

Application Documents Required

Please see this complete Checklist of Documents Required for submitting your application. Scanned copies of documents should be uploaded to the Online Admissions System at the application stage.

After accepting an admission offer, you will need to submit the official documents, or certified true copies of the official documents (for irreplaceable documents only), by the date specified on the offer letter.

Interview Timeline and Details

Normally, successful applicants may receive interview/ exam invitations via email, which contain information regarding the interview format and date (either online or face-to-face). On certain occasions, some applicants will receive direct offers if their application materials show exceptional suitability for this MSc program. 

Please note that applications for this programme are considered on a rolling basis so you should apply as soon as possible due to competition for places.

Offer Acceptance

Admission offers will usually be issued from December to May. Please see this Guide on the procedures for accepting your offers. Make sure all the official transcripts and other necessary documentation are sent directly by the issuing authorities by the deadline stipulated in the offer letter/ Document Checklist.

Financial Aids and Essential Information for Prospective Students

Our program (MAFM) is one of the chosen programs to receive Targeted Taught Programmes (TPg) Fellowships by the University Grants Committee (UGC). See the below information to learn more about the fellowship scheme:

• UGC general guidelines on Targeted Taught Postgraduate Programmes Fellowships Scheme
  
• Places allocated for MAFM students: 6 (2025/26 cohort)
• Find out how to apply: math.msc@ust.hk

All applicants (2025/26 cohort) will be considered for the MAFM Admission Scholarships: 

• No separate application is required.
• The program committee will evaluate the full profiles of the candidates, and the selection is highly competitive.
• Students who have been awarded other government scholarships or fellowships (except student financial assistance) for pursuing the same program will not be considered.
• Only newly admitted students for the corresponding cohort are eligible. Scholarship recipients will be notified upon admission. 

For questions regarding application procedures, offer acceptance, and the online admission system, please refer to the university's FAQ for prospective students.

For non-local students, please refer to the university's guide on student visa applications and the guidelines for non-local students working in Hong Kong.

For current HKUST undergraduate students who are considering an accelerated pathway to start TPg studies immediately upon graduation, please refer to the Integrated Bachelor-Master Pathway. 

Living Expenses (Estimated)

* Accommodation standards and rents vary considerably
^ Calculations based on HK$40/meal on campus
More details about living in Hong Kong