Bachelor of Finance in Asset Management and Private Banking [BFin(AMPB)]
BFin(AMPB) aims to prepare students to enter the rapidly growing fields of asset management and private banking in Hong Kong and the Asia Pacific. The curriculum covers (i) the management of money for institutions and individuals in different asset classes; and (ii) the provision of advice and services in private banking according to the specific needs of High Net-Worth Individual (HNWI) clients. It contains practical-oriented courses taught by teachers with solid experience in the AMPB industry, and offers a variety of enrichment activities relevant to the studies and frequent networking activities with market practitioners in its career-oriented components.
What is Asset Management and Private Banking (AMPB)?
Asset management is the management of money for institutions and individuals in different asset classes, such as stocks and bonds. Private banking is the provision of advice and services, including investment, credit, trusts, etc. according to the specific needs of High Net-Worth Individual (HNWI) clients with liquid assets of US$1 million or more.
Why do we offer an undergraduate programme in AMPB?
There is strong demand for qualified talents in the AMPB industry. According to the Capgemini-RBC Asia Pacific Wealth Report 2015, there has been significant wealth growth in Asia from US$9.7 trillion in 2009 to US$15.8 trillion in 2014, representing a 63% increase over 5 years. The number of HNWIs in Greater China alone has risen considerably, from 0.636 million in 2009 to 1.15 million in 2014, representing an 81% increase over 5 years.
The Asset Management and Private Banking industry was identified by the Financial Services Development Council (FSDC) in its report in January 2015 as one of the industries facing a strong shortage of talents. In response to the call from the industry to expand the pool of talents, the HKSAR Government is devoting its effort to attracting more new blood, to facilitate the long-term sustainable development of the sector.
BFin(AMPB) Curriculum Design and Structure
The four-year curriculum provides flexibility, so students may build on the core curriculum to have an interdisciplinary or multidisciplinary study to suit their career aspirations.
The BFin(AMPB) curriculum is designed with reference to the curriculum requirements of major international and local professional qualifications, such as Chartered Financial Analyst (CFA) and Certified Private Wealth Professional (CPWP). Students may work towards the CFA and CPWP qualifications during their studies.
We place a strong emphasis on relating technical and industry knowledge, as well as legal, regulatory and compliance frameworks, to meet the industry’s needs. Students are required to complete 96 credits in specialised courses including:
- Equity Valuation and Investment Management
- Ethics, Laws, Regulations, and Compliance
- Private Banking and Wealth Management
- Managing Money in Asset Management and Private Banking (Capstone Course)
(Please click here for detailed course descriptions.)
- Career Opportunities Seminar Series by Professional Bodies
- Industry-sponsored Internships
- Mentorship Programme
- Networking Activities with Seasoned Practitioners
- Overseas Exchanges
- Round Table Talks with Market Practitioners
- Thematic Visits to AMPB Firms
In addition to industry-sponsored internships, on August 29 2016, the HKSAR Government announced the launch of the 3-year Pilot Programme to enhance talent training for the asset and wealth management (WAM Pilot Programme). The WAM Pilot Programme targets undergraduate students and in-service practitioners, with a view to nurturing new blood for the sector. BFin(AMPB) students will be assisted with taking up the internship opportunities.
The broad range of practical skills and up-to-date industry knowledge that students acquire in the programme will prepare them for a wide range of careers in the industry, as asset or fund managers, securities analysts, private bankers, investment advisors, trust managers, compliance officers and risk managers.