Financial crises in the past have stimulated not only public interest in risk management, but also their awareness of its importance in today’s investment environment. A good understanding of risk management is vital to many companies. Risk Management Science is a highly quantified, scientific and methodological subject. This programme is designed to fulfil the growing demand of expertise in this area.
The programme, administered by the Department of Statistics, is designed for students seeking a career in financial and insurance institutions and having a strong aspiration in the scientific methodologies. Statistics constitutes an indispensable component of risk management since it provides the theoretical and practical underpinnings of risk management models. As risk management is an interdisciplinary subject, students of this programme not only receive a solid training in statistics, but also a comprehensive exposure to other subjects such as finance, economics, accounting, mathematics, and computer science. The core programme comprises of courses from various departments such as numerical methods, portfolio managements, financial economics, data structures, and accounting principles.