28 Feb 2020

The MSc programme in Financial Mathematics (MAFM) is one of the chosen programs to receive Targeted Taught Programmes Fellowships by the University Grants Committee (UGC) in the 2020/21 academic year, the first cohort of the scheme. A total of 6 TPg programmes have been approved with 81 fellowships allocated to the university; among them, 10 places are for the MAFM program.

The fellowships would be distributed to students to subsidise their tuition fees subject to a cap of HK$120,000 per student per programme irrespective of the mode of study and study period. It is firmly believed that the fellowship will create a great opportunity for local meritorious students to pursue further studies in the targeted priority areas and be beneficial to the long-term strategic development of Hong Kong.

Assessment Criteria

  1. applications are open to local students only; both full-time and part-time students are eligible;

  2. the award of the fellowships will be based on merits taking into account the students' academic achievements, professional qualifications, relevant working experience and achievements in other areas as well as the proposals submitted by the students; and

  3. to avoid double subsidy, applications from students who are receiving other forms of government scholarship (except student financial assistance) for pursuing the same programme will not be considered.

Application Arrangements

For the first cohort (i.e. 2020/21), the application is by invitation. Students are required to first obtain an offer from the programme before applying for the fellowship. Admission application for the program is through the HKUST Online Admission System (OAS). Please apply by 31 March, if you want to be considered for the fellowship.


For enquiries relating to the scheme, please email us at math.msc@ust.hk.
General information on the fellowship is available at the UGC website: https://www.ugc.edu.hk/eng/ugc/activity/targeted_postgraduate_scheme.html