The Hong Kong University of Science and Technology

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1 The Hong Kong University of Science and Technology August 2014

2 Agenda for today Why a Business PhD? Why HKUST? Open discussion; Q&A

3 Why a Business PhD?

4 What you get from a Business PhD Thrill of research Intellectual stimulation Joy of discovery Job satisfaction Entrepreneurial: Freedom to choose what you want to work on Flexitime Opportunity to travel the world Excellent pay Average starting salary for an assistant professor in Business at a research-focused school ~US$150,000 pa

5 A Business Professor s job profile First and foremost: Research Collect and analyze data Collaborate with likeminded people around the world Write and publish papers Typical duration for a research project from conceptualization to publication: 3-5 years Teaching: Usually 3 classes per year ~168 in-class hours Extra teaching for extra pay Consulting and executive education Optional, for extra pay Usually not recommended for junior faculty

6 A Business PhD student s life course First two years (MPhil program) Lots of coursework to build foundations Talking to professors and attending seminars to discover own interests First steps into research Next two years Work on PhD thesis and related papers Attend conferences, start presenting research Final year Finalize and defend thesis Academic job hunt

7 Fields of study o Accounting o Economics o Finance o Corporate Finance o Asset Pricing o Information Systems o Management o Corporate Strategy o Organization Behavior o Marketing o Consumer Psychology o Quantitative Modeling o Operations Management

8 Why HKUST?

9 Snapshots of HKUST

10 World Class Recognition Ranked No. 1 in Asia by QS 2011, 2012, 2013 Awarded AACSB accreditation since 1999 Top Ranked Programs (Financial Times) o Kellogg-HKUST EMBA No. 1 in the world (2007, ) o MBA No. 1 in Asia ( ) and No. 14 in the world (2014), No. 8 (2013), No. 10 (2012), No. 6 (2011), No. 9 (2010) High Quality Research o No. 1 in Asia and Top 20 in the world (UTD Top 100 World Rankings of Business Schools Based on the Research Contribution, )

11 Research Powerhouse Research Centers in the Business School (12) Center for Asian Financial Markets Center for Business Data Analysis Center for Business Strategy and Innovation Center for Economic Development Center for Experimental Business Research Center for Marketing and Supply Chain Management Hang Lung Center for Organizational Research Shui On Center for China Business and Management Tanoto Center for Asian Family Business and Entrepreneurship Studies Thompson Center for Business Case Studies Tongyi Industrial Group Center For Electronic Commerce Value Partners Center for Investing

12 Institute for Emerging Market Studies Focus on key thematic issues that are important for emerging markets Sustainable growth Macroeconomic policy Capital market development Business management and strategy Human capital Inequality Goals To provide funding for faculty research projects and develop collaborations with research partners worldwide To communicate relevant research findings to the business and public policy communities, for maximum impact on the public discourse about emerging markets. To provide a platform for increasing knowledge, awareness, and exchange of ideas about issues facing emerging markets

13 Institute for Advanced Study Lead innovation and discovery-driven research; Foster collaboration across disciplines; Sponsor regular series of talks, panel discussion, and conference; The IAS Inaugural Lecture was given by Prof Stephen Hawking of Cambridge University, UK in June 2006.

14 International Faculty Faculty composition is among the most international 140+ Faculty with 85% from outside Hong Kong The majority of our faculty come from various prestigious universities around the world, such as: British Columbia Carnegie-Mellon Chicago (Booth) Columbia Cornell Harvard Illinois Indiana Michigan (Ross) MIT (Sloan) NYU (Stern) Northwestern (Kellogg) Ohio State Pennsylvania (Wharton) Princeton Purdue Rochester (Simon) Stanford Texas UC Berkeley UCLA (Anderson) USC (Marshall) Washington Yale

15 A Diverse Mix of Students Undergraduate: Postgraduate: students 35+ nationalities students 40+ nationalities

16 Hong Kong PhD Fellowship Scheme A prestigious award scheme established by the HK Research Grants Council in 2009 Aims at recruiting top quality PhD students from around the globe to pursue doctoral studies in Hong Kong 135 awards per year Benefits (Tax free) Monthly stipend: HK$20,000 Conference travel allowance: HK$10,000 per year Awards renewed annually Application Deadline: 1 December 2014 HKUST Fellowship Website:

17 HKPFS Procedure Apply on HKPFS website ( before deadline Obtain application code number, and enter that code number in HKUST website HKUST department will nominate applicants HKPFS selection panel (RGC) will make admission decision All nominated applicants are guaranteed regular admission HKPFS applicants to HKUST Business School PhD Program Travel grant for round trip economy fare Campus visit: attend department research seminar, meetings with faculty members, and a tour of the facilities

18 Regular Financial Assistance for Business MPhil/PhD students Available to ALL full-time research postgraduates, both local and nonlocal HK$14,350 per month Awards given based on academic merit, English Language proficiency, and suitability for the proposed program of study Academic and professional background Statement of purpose Letters of recommendation GMAT scores Phone / Skype / personal interactions

19 Support for Research Postgraduate Students Research Travel Grant: To attend international conferences Overseas Research Attachment Opportunities: To be a visiting scholar for 4-6 months at top international universities Recent attachments at Wharton, NYU, Columbia, UT-Austin

20 Application deadline for regular admissions Early January 2015 More details and application form: Enquiries:

21 More info about HKUST? Just ask! Website:

22 Thank you!

23 Study Costs Items Tuition fee for full-time research postgraduate programs Budget HK42,100 per annum Accommodation (per month) Utility charges (water, electricity, gas) Textbooks, meals, transportation, clothing etc. HK3,000-4,000 per month HK400 per month HK5,000 per month Exchange rate: 1 HK$ ~ 8 INR

24 Accommodation On-Campus Housing Priority given to non-local students in their first two years of study Hall places allocated subject to room availability Single Rooms $25,000- $29,000 per residential year* Double Rooms $20,000- $22,000 per residential year* (*about 10 months) Off-campus Housing Students may rent their own accommodation in nearby areas. The rental cost is slightly higher than that of on-campus housing. Rental ranges from $7,500 to $12,000 per month for a two-bedroom apartment depending on the environment, location, view and accessibility.

25 Program Requirements Admission Requirements For MPhil: A bachelor s degree from a recognized university, or an equivalent qualification For PhD: A master s degree from a recognized university, or an equivalent qualification Min English Language requirement for non-english speakers: TOEFL PBT 550; ibt 80 or IELTS 6.0 Other specific requirements set by individual programs Graduation Requirements: Coursework Professional Development Course Qualifying Exam Thesis (based on research)

26 HKUST Facts and Figures Established in 1991 as a research intensive university Mission: To advance learning and knowledge through teaching and research, especially at the postgraduate level Vision: To become a leading university with significant international impact and strong local commitment 6 Schools/Office: School of Science (UG & PG) School of Engineering (UG & PG) School of Business & Management (UG & PG) School of Humanities and Social Science (UG & PG) Interdisciplinary Programs Office (UG & PG) HKUST Fok Ying Tung Graduate School (PG) Academic Staff: ~500, 100% with PhDs Student Enrolment: (UG ~ 8800, PG ~ 4200) Language of Instruction: English

27 Research Environment Recent IAS talks given by top-notch speakers in 2014 Topic: Towards a Molecular Definition of Synapse Formation: Neurexins, Neuroligins and More Prof Thomas Südhof, Stanford University; Nobel Laureate in Physiology or Medicine Topic: GFP: Lighting Up Life Prof Martin Chalfie, Columbia University; Nobel Laureate in Chemistry

28 Academic Support Facilities University Library Over 680,000 books, periodicals and microforms Over 35,000 media materials Over 320 electronic databases in a wide range of subjects Over 8,600 full-text e-journals A bilingual Online Library Catalog, with the ability to search other catalogs locally and abroad 5 floors with 1,850 seats, seminar rooms for meetings and instruction, space for group study, reading tables and study carrels for individual use, a fully-equipped classroom and a computer laboratory

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