Department of Finance. First Major Selection BSc in Quantitative Finance 2015/2016

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1 Department of Finance First Major Selection BSc in Quantitative Finance 2015/2016 1

2 Department of Finance UG Team Department Head: Prof. Vidhan Goyal UG Committee: Prof. Alminas Zaldokas (Chair) Prof. Darwin Choi Prof. George Panayotov Prof. Xuewen Liu UG Coordinator: Prof. Ekkachai Saenyasiri Program Assistant: Ms. Venus Tai 2

3 What is Finance? Finance is at the core of so many successful companies that no CEO aspirant can afford to avoid schooling in it... This will help you understand, among other things, how your company raises and allocates capital. It will also make clear why that new product your team has designed might not be launched, despite its sensational showing in test markets: The numbers indicate that most likely the returns on the item will never clear the hurdle rate that will cover the cost of capital it requires and deliver a profit as well. - Really important things you need to know (to advance your career today), Fortune magazine, January 15,

4 BSc in Quantitative Finance Program Prepares you for quantitative careers in finance. Provides a strong analytical background for careers in asset/investment management/trading/risk management/financial information technology. Helps you develop an understanding of quantitative models of financial markets drawing on tools from a variety of areas such economics, statistics, mathematics, computer science and information technology. 4

5 When Compared to BBA FINA, BSc QFIN has More Statistics Mathematics Computer/Programming Less Courses from other business disciplines such as Marketing and Management 5

6 Compare to Other UG Programs BSc in QFIN vs. BSc in Economics and Finance QFIN: More Courses in Finance / Math / Computer Programming QFIN: Fewer courses in Economics BSc in QFIN vs. BSc in Risk Management and Business Intelligence (RMBI) QFIN: More courses in Finance RMBI: More focus on Risk Management, Data Mining, Math, Computer Programming Courses 6 6

7 BSc QFIN Major Selection (for school-based admission route) Requirements CGA 3.0 or above B- or above in MATH1012/1013/1020/1023 C+ or above in LANG 1002 & 1003 Ranking Criteria Holistic assessment based on CGA, selected course performance, CV profile, interview performance, personal statement. 7

8 Program Highlights Finance program with enhanced quantitative skills on Statistics, Mathematics and Programming Most related to: Investment & portfolio management Development & pricing of equity & debt securities and derivatives & structured products World-class research faculty and close connections to Hong Kong s financial firms Access to latest financial software such as Thomson Reuters, Bloomberg and Morningstar Direct 8

9 Value-Enhancing Support from the Department of Finance Ample career training Workshops on CV writing, interviewing and communication skills tailored for finance industry Company visit opportunities Mentorship opportunities with finance professionals QFIN alumni sharing sessions Partnerships with CFA Institute: Department of Finance nominates around 5-10 UG students each year for CFA Awareness scholarships Chartered Alternative Investment Analyst (CAIA) Professional Risk Managers International Association (PRMIA) 9

10 Value-Enhancing Support from the Department of Finance Finance Speaker Series by industry experts We have finance professionals coming to campus every semester to equip students with industry knowledge and talk to them 10

11 Our Students 78 students in total from year 2, 3 and 4 (as of November 2015) 11

12 Exchange Study of Final Year QFIN Students, Class of 2016 (27 Students) University Number of students Boston College, USA 2 Carnegie Mellon University, USA 1 City University, U.K. 1 Harvard University (Visiting), USA 1 New York University, USA 2 Peking University, China 1 University of Califonia, Berkeley, USA 1 University of Califonia, Davis, USA 1 University of Illinois at Urbana Champaign, USA 1 University of Minnesota, USA 1 University of New South Wales, Australia 1 University of Pennsylvania, USA 2 University of Southern California, USA 1 University of Texas at Austin, USA 3 University of Virginia, USA 1 University of Wisconsin Madison, USA 1 Washington University in St. Louis, USA 1 Decided not to study abroad 5 Total 27 12

13 2015 Summer Internships of Final Year QFIN Students, Class of 2016 (27 Students) Company Number of Students J.P. Morgan 4 HSBC 4 Goldman Sachs 2 Boston Consulting Group in Seoul 1 China Renaissance Securities (Hong Kong) 1 CITIC Securities 1 Citigroup Global Markets 1 Credit Suisse 1 DBS Bank 1 FXCM 1 Haitong International Securities 1 Jefferies 1 OCBC 1 Scotiabank 1 SDIC Fund Mangement Co 1 Shanzhai City 1 Standard Chartered Bank 1 State Street Asia Ltd 1 UBS 1 United Overseas Bank 1 Total 27 13

14 Competitiveness & Well Rounded Students Recent competitions won by teams with QFIN member(s) Champion. SCMP/IFPHK Financial Planner Awards 2014 Champion. CIMA Global Business Challenge 2014 Champion. Asia Investment Banking Conference Case Competition 2014 Champion. Credit Suisse INSPIRE, Investment Banking Competition 2014 Champion. AXA Tomorrow s Leaders Competition 2014 Champion. CFA Institute Research Challenge Hong Kong 2014 Champion. Forex Master Trading Challenge 2015 Champion. KPMG & Qlik Risk Insight Challenge 2015 Champion. Alcoa Mergers & Acquisitions Case Competition, 2015 Champion. SCMP/IFPHK Financial Planner Awards 2015 Champion. CFA Institute Research Challenge Hong Kong

15 Champions

16 Connect with Current Students and Alumni 16

17 Career Prospects of BSc QFIN Students Potential employers Investment banks Asset management firms Commercial banks Insurance companies Consulting firms, Regulators, etc 17

18 Career Prospects of BSc QFIN Students Possible jobs Equity analysts Fixed-income analysts Derivatives sales and traders Risk control and trading system support 18

19 Bloomberg (21 September 2015) After the retail sector, financial services are the biggest employer in Hong Kong, according to government data 19

20 Distribution of BSc QFIN Graduates by Employment Status Population: 17 Respondents: 16 Source: 2014 Graduate Employment Survey 94% Full time employed 6% Further studies 20

21 Distribution of BBA FINA Graduates by Employment Sector Respondents: 15 Source: 2014 Graduate Employment Survey 14 Commerce & business 1 Government & related organizations 21

22 AIA Accenture Bain & Co Bank of China Barclays Capital Blackrock Bloomberg Bank of China Citibank Credit Suisse Daiwa Capital Mkt DBS Deloitte Deutsche Bank Goldman Sachs Hang Seng Bank HSBC JP Morgan KPMG Macquarie Capital MTR Nomura OCBC PWC Royal Bank of Scotland Rabobank Merrill Lynch Standard Chartered Bank Silverhorn Swire Group Tower Watson UBS Uniliver Bank of America Fidelity Fortis Bank Bank of Tokyo Mitsubishi Securities and Futures Commission of Hong Kong Value Partners And many more EMPLOYERS 22

23 Gross Monthly Income of BSc QFIN Graduates (in HKD per month) BSc QFIN School of Business & Management Mean 28,421 19,437 Median 25,000 15,000 Minimum 13,000 7,000 Maximum 92, ,000 Source: 2014 Graduate Employment Survey 23

24 Who should apply to join QFIN Program? Excellent Work Ethic Maturity Teamwork Positive Attitude Integrity/Honesty Courtesy Students with a strong desire to work in the finance industry Students with strong mathematical backgrounds Students with an exceptional analytical and communication skills 24

25 Information and Enquiries Website: BSc QFIN Program Coordinator Prof. Ekkachai Saenyasiri, BSc QFIN Program Officer Ms. Venus Tai, 25