MPhil-PhD in Finance

CUHK, Hong Kong, Hong Kong SAR

Shortlist

36 monthsProgram duration

5,368 USDTuition Fee/year

YesScholarships

FinanceMain Subject Area

Program overview

Main Subject

Finance

Degree

PhD

Study Level

PHD

Study Mode

On Campus

The MPhil* and PhD Programmes in Finance at The Chinese University of Hong Kong provides students with rigorous training in corporate finance and asset pricing. The programme prepares students to engage in productive and original research in the broad area of finance in leading research universities. The faculty members in the department published widely in top finance journals such as Journal of Finance, Journal of Financial Economics and Review of Financial Studies and top economic journals such as American Economic Review, Journal of Political Economy and Review of Economic Studies.

The Department of Finance pursues five research specialisations:

Behavioural Finance- Behavioural finance studies investors’ deviations from rationality and the subsequent impacts on the markets. Specific research studies include behavioural biases of investors, households, and managers, and how biases interact with market frictions.
Corporate Finance - The corporate finance research concentrates on company financing and investment activities and corporate governance. Specific research topics include capital structure decision, mergers and acquisitions, minority shareholder protection and corporate governance issues in China.
Derivatives - This research area studies derivative assets and markets. Specific research topics include the pricing and investment of derivatives on underlying assets such as equity, commodity, currency, etc., and the hedging of institutions and corporations with derivative products.
Empirical Asset Pricing - This area conducts empirical research on asset pricing. Specific research topics include asset market efficiency and anomalies, price behaviours, implications for portfolio selection, and investment strategies.
Financial Markets and Institutions - The research area covers the instruments traded in the financial markets, the analysis of money and capital markets, and economic and environmental problems related to acquisitions and the use of funds by financial institutions. Specific research studies include the collateralized debt obligation market, bank advertising and the marketing of products and services.

* The MPhil Programme in Finance is not accepting application for 2022 intake.

Program overview

Main Subject

Finance

Degree

PhD

Study Level

PHD

Study Mode

On Campus

The Department of Finance pursues five research specialisations:

Behavioural Finance- Behavioural finance studies investors’ deviations from rationality and the subsequent impacts on the markets. Specific research studies include behavioural biases of investors, households, and managers, and how biases interact with market frictions.
Corporate Finance - The corporate finance research concentrates on company financing and investment activities and corporate governance. Specific research topics include capital structure decision, mergers and acquisitions, minority shareholder protection and corporate governance issues in China.
Derivatives - This research area studies derivative assets and markets. Specific research topics include the pricing and investment of derivatives on underlying assets such as equity, commodity, currency, etc., and the hedging of institutions and corporations with derivative products.
Empirical Asset Pricing - This area conducts empirical research on asset pricing. Specific research topics include asset market efficiency and anomalies, price behaviours, implications for portfolio selection, and investment strategies.
Financial Markets and Institutions - The research area covers the instruments traded in the financial markets, the analysis of money and capital markets, and economic and environmental problems related to acquisitions and the use of funds by financial institutions. Specific research studies include the collateralized debt obligation market, bank advertising and the marketing of products and services.

* The MPhil Programme in Finance is not accepting application for 2022 intake.

Admission requirements

IELTS

6.5+

TOEFL

79+

Bachelor GPA

2.7+

For the Doctor of Philosophy (Ph.D.) stream under the "M.Phil.-Ph.D. Programmes", the applicant shall have:

a master's degree from a recognized university; or
graduated from a recognized university and obtained a bachelor's degree, normally with honours not lower than Second Class; or
graduated from an honours programme of a recognized university with a bachelor's degree, normally achieving an average grade of not lower than "B"; or
completed a course of study in a tertiary educational institution and obtained professional or similar qualifications equivalent to an honours degree.

Due to COVID-19 pandemic, the University accepts, on a temporary basis and for those students who are admitted to postgraduate programmes in the 2021-22 intake, the following online English tests as an alternative to fulfil the University’s English Language Requirements.

TOEFL-iBT Home Edition Overall 79
IELTS Indicator: Overall 6.5
GMAT Online Examination: Band 21 (Verbal)

Program Duration

3 Years

Starting Month(s)

Sep

Candidates are required to submit references or letter(s) of recommendation for acceptance

Candidates are required to submit an essay(s) for acceptance

Domestic Students

Tuition Fee/year

5,368 USD

Tuition Fee (Out of State)

International Students

Tuition Fee/year

5,368 USD

Other Expenses

One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.

In this guide you will find:

Where to look for scholarship opportunities

How to apply to scholarships relevant to you

A list of available scholarships around the world

A scholarship application checklist

Download Scholarship Guide

More programs from the university

CUHK aims to nurture students with both specialised knowledge and wisdom for life. Its bilingual and multicultural curriculum is characterised by a flexible credit unit system. Academic programmes in an array of disciplines are offered by eight Faculties , including Arts , Business Administration , Education , Engineering , Law , Medicine , Science and Social Science . CUHK future proofs its educational offerings by listening to industry and government and introducing innovative new programmes such as Biotechnology, Entrepreneurship and Healthcare Management, Computational Data Science, and Learning Design and Technology. CUHK’s robust programmes are supplemented by the provision of state-of-the-art facilities and resources to ensure students have a world-class experience.

Over the past decades, continual enhancement has resulted in a balanced curriculum of both breadth and depth. With the support of the Centre for Learning Enhancement and Research (CLEAR), CUHK has consistently been recognised by bodies such as Hong Kong’s University Grants Committee for achieving the highest standards of teaching and learning.

Academic Programmes

At CUHK, a wide scope of academic programmes organised in a four-year undergraduate curriculum structure are offered by its eight Faculties . Currently, the University provides more than 150 major and minor programmes.

General Education

General Education forms a key component of undergraduate studies at CUHK. University and College General Education courses are tailored to nurture whole-person development, foster soft-skills and cultivate a strong sense of social responsibility. The University’s General Education programme received the Exemplary Programme Award for Improving General Education from the Association for General and Liberal Studies in 2015 and the Hong Kong’s University Grants Committee Teaching Award in 2016.

Physical Education

As the only publicly-funded university in Hong Kong that offers a required Physical Education programme for undergraduates, CUHK is dedicated to promoting sports to enhance students’ whole-person development.

Co-operative education and mentorship programmes

The university-wide credit-bearing co-operative education programme, Co-op@CUHK , is designed to bridge the gap between tertiary education and the workplace by providing undergraduate students with experiential work-integrated learning opportunities at an extensive network of partner employers. Mentorship programmes at college, faculty, school, departmental or programme levels serve to expand students’ horizons and widen their networks.

Global exchange and internship

CUHK encourages students to participate in global exchange and internship programmes to broaden their horizons and equip students with academic, intercultural, and professional skills which will serve them throughout their professional lives. It also welcomes visiting students from partner institutions around the world, which enriches the diversity of the campus experience and offers international students a unique opportunity to experience Hong Kong.

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The CUHK Graduate School offers over 220 taught and research postgraduate programmes awarding more than 6,000 postgraduate degrees, diplomas and certificates every year. The wide spectrum of programmes aims to prepare students for careers that would allow them to become world leaders in their specialised fields.

CUHK provides cutting-edge learning resources and hostel facilities on a green campus, offering the perfect backdrop for scholars from around the globe to immerse themselves in a culturally diverse and intellectually stimulating environment. A rich array of scholarships and grants are available to enable the world’s best talent to receive exemplary education at the University.

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