In the fast-moving and dynamic financial world of Hong Kong, generic business training is not enough for financial executives to cope with the churn of ever-changing fiscal situations. Specialised training offers a practical way for them to hone their skills and sharpen their competitiveness.
To meet such training needs, an Executive Master of Science in Finance programme has been designed to help executives develop a better understanding of the very latest finance theories as applied in real-life situations. It is a collaborative effort between the City University of Hong Kong's School of Continuing and Professional Education (SCOPE) and the Baruch College of the City University of New York.
Iris Cheuk, programme manager of SCOPE, says that since financial executives do not only compete against locals but also overseas professionals, it is essential for them to acquire updated knowledge of both local and global financial situations to enhance their competence.
While other institutions offer various financial refresher programmes for executives, Ms Cheuk believes the SCOPE programme's added-value lies in the school's strong alumni and specific group assessment mode. Equally significant is its intensive programmer structure which is tailor-made for the needs of busy executives. She points out that they often have difficulty in taking regular courses and are always looking for real-life cases and experiences to boost their financial management knowledge.
Classes for each course are delivered over two weeks to suit participants' busy work schedules. Subjects include essential up-to-date knowledge now used by the most successful professionals in finance such as corporate financial theory and applications, quantitative tools for finance, investment theory and applications, mergers and acquisitions, international financial markets, advanced managerial finance, advanced investment analysis and risk management and control.
The programme intake will be set at a maximum of 35 participants, all of whom should hold a degree and have at least three years' work experience at an executive or management level. However, non-degree holders with over five years' experience at an executive or management level and good alternative qualifications may also be considered.
The City University of New York is the third largest public university system in the US. It has produced 11 Nobel Laureates and many CEOs of major corporations. According to a Standard & Poors survey in the US, more CEOs and top executives in America graduated with first degrees from the university than from any other degree-granting institutions in the nation.
The programme is offered through the university's Baruch College which is rated among America's best graduates schools by the US News and World Report. Additionally, the Financial Management Journal ranks it 38th among the world's top 923 academic institutions for research productivity in finance. Its alumni include Andrew Grove, chairman of Intel Corporation; Henry Kissinger, Nobel Peace Prize winner and former US Secretary of State, and General Colin Powell, also a former Secretary of State. Other alumni include the CEOs of multi-nationals such as Toys 'R' Us and Mattel Inc. Many leading Hong Kong companies also sponsor members of their management staff to study its executive programmes.