Risk Management , Acturial Science and quantitative Finance
RMS to QFN They have many things that are similar especially during the first year (or even second year) All three subjects can be regraded as using mathematical and statistical method to solve problem in business and finance(mainly finance actually) First
discuss about Actuarial Science. Both HKU
CUHK have this subject
the major difference is that HKU have it in the Statistics and AS department
and CUHK have it in the Business Fac (Finance Department) as IFA (insurance
finance and actuarial *** ysis) Actually
both have a similar syl. Both need a high admission grade to get in
and CU count more CE
HKU more AL. Some people also pare the internship and the relationshop with the industry
but since I do not know much about this
I canot say much. Only thing can be said is that
HKU Ac have more ppl than CU IFA
though many are from EAS and mainland. Actuarial Science mainly concern with using of mathematical and statistical(more) to solve problem in the insurance file
may be like perium and reserve putation
managment of the liability and asset
financial risk like interest rate. Second about Risk Management Science. In HKU
appear as one of the major of 6901
without quote. CUHK as an individaul program
around 20 ppl each year. Again
the syl doesn't differ much
but CUHK have the RMS code course.....though in HKU also have STAT X8XX. Risk Management Science mainly consist of the study of mathematical and statistical to deal with the risk of finanical institution like banks
funds and e Mainly issue like capaticla reserve for bank
credit risk and market risk management by mathematical method and e Third about Quantitative Finance. Only CUHK
UST have this program. CUHK about 50 EAS last year
27 JUPAS; UST around enty-something.... Again the syl is similar. QFN is mainly about use of mathematical and statistical model to solve problem in derivative pricing
portfolio managment
when many financial institution need these technique. 2008-05-25 20:49:30 補充： Comparing the syl. beeen the programs
I suggest you better go to the websites of these University for details
PLEASE DO NOT BE SO LAZY. IF you are not able to do such simple
university is not for you. So I will here rather talk about this issue briefly. 2008-05-25 20:52:31 補充： Both Ac
RMS
QFN
need student to have rigor math and sta technique
and need basic knowledge about account
economics and finance to understand the probelm arise; in addition
since in practise lots of putation is needed
programming in C/C++ is also needed. 2008-05-25 20:52:41 補充： Most likely all these is in year 1 as core course. Of course
course like investment *** ysis
derivatives pricing
regression(econometrics)
stochastic modeling are also a must and will be in 2nd year
but some may be core and others as elective. 2008-05-25 20:53:17 補充： For Ac
need Actuarial Mathematics
loss model
survival and e For RMS
need derivative pricing
modern financial theory
may be putation method and e For QFN
need ....actually to RMS
but RMS concern more on statistical simulation
risk *** ysis and quantitative *** ysis
2008-05-25 20:53:40 補充： QFN will focus more on pricing and portfolio management by quant method. Actually for ug
these difference(i mean beeen Q&R) is not significant
since it is too difficult for an oridinary undergrad to handle all these; only senior ug and pg will consider these problems. 2008-05-25 20:53:49 補充： The mainly problem should be of concern are the difficulties of enteing the program
the career/internship chance of the department
the future career path/research propects
the teaching quatatily
the acadmically enviornment of the department; and of course
the syllbus of the program. 2008-05-25 20:54:02 補充： CUHK
UST QFN not differ by much
in both entry difficulties and syl. HKU 6901 is much easier than CUHK RMS
but most ppl consider CUHK RMS as much better than HKU one
in both career/research and syllbus. 2008-05-25 20:56:50 補充： CUHK IFA was heard that having better industry relationship than HKU Ac
but HKU Ac seems have more coverage on the SOA examination. 作死佢
居然限我字數
搞到要做咁鬼多剪貼... For further problem
discuss 問啦...Yahoo knowledge好鬼乜
參考: Own educational experience
Own Experience
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