The full-time HKU MBA curriculum is designed to provide students with first-class education, real-world experience, deep understanding of Asia and international business and sincere appreciation of cultural sensitivities. The intensive 14-month programme structure is unique in offering students the opportunity to study in four of the world’s economic powerhouses. All students begin the programme with a China immersion course in Beijing, followed by nine months of study in Hong Kong during with they take core courses with an Asia focus and electives. In their final four months, students complete the programme with elective subjects at London Business School (LBS), Columbia Business School (CBS) or Fudan University or remain in Hong Kong depending on the track they have chosen. The detailed programme structure is as follows.
Advanced Corporate Finance
This course consists of three parts. Part I covers financing needs and capital structure. Part II develops tools needed for valuing investment projects and companies. Part III deals with the concepts of options and derivatives and their applications in corporate finance and risk management. The topics to be covered include: Capital Structure: Theory and Practice, Cost of Capital, Valuation: WACC versus APV, Dividend Policy, Convertible Debt, Options, Risk Management, Real Options for Valuation and Strategic Decisions.
Artificial Intelligence for Business Leaders
This course will aim to provide students with an overview of the main branches of Artificial Intelligence (AI) as well as explore use cases and practical business implementation within different industries and technologies to better understand the coming AI Human-centric revolution. Students will be able to identify and leverage AI to enhance and/or disrupt business models and whole industries while keeping in mind social and ethical dimensions for the greater good of the world. The course is also intended to aid the thinking and personal development of students so that they themselves are better able to adapt to the future job market and shape the societal systems of tomorrow.
Branding and Communications
Throughout the course, the concept of branding will be thoroughly examined in a holistic manner. The literatures written by Kotler, Aaker and Levitt will be frequently referenced, balanced by an interpretation of the instructor’s practical experience. Case studies from a global as well as Asian perspective will be cited in order to provide students with relevant insights to brand management in their work place. This course combines the most critical theories as well as the most current marketing topics including “branding in the digital age” and “brand management during economic turmoil”, “CSR and sustainability”, etc.
Business Intelligence and Big Data
With the rapid advances in information technologies, massive amount of data, often known as “big data” are being generated at an unprecedented speed, from various sources such as online transactions, mobile applications, sensors, video-capturing systems, and most notably, social media including blogs, microblogs, Facebook, and forums. There are ample opportunities for business organizations to gain managerial and strategic insights by gathering, cleaning, and analyzing these data, a process known as “business intelligence.” The purpose of this course is to introduce a basic understanding of what business intelligence and big data are and how they can be applied to make intelligent business decisions and strategies. This course focuses on both the technical aspects and the managerial aspects of business intelligence and big data analysis.
Business Lab: Ideas Incubation Programme
The Business Lab provides a unique opportunity for students to pursue their passion for entrepreneurship and innovation, to use the knowledge and tools learned throughout the MBA programme and to develop a solid understanding of the overall start-up setting within a “safe environment”. The concepts introduced throughout the sessions provide the students with a set of successful frameworks and serve as a reality check.
This course focuses on the use of financial statement information to analyze and value firms. This course assumes that you already have a good knowledge of accounting mechanics (e.g., measurement of accruals, the indirect method for preparing statements of cash flows) and corporate finance. Thus, this course does not provide lessons on technical accounting methods or finance principles. In this course, you will learn accounting quality analysis, profitability and risk assessment, forecasting, and the use of valuation models. Accounting quality analysis will advance your knowledge of financial statement adjustments, earnings management practice, management incentives to manage earnings, and a method of detecting earnings management. For profit and risk assessment, you will learn in depth traditional ratio analysis and will investigate the concept and measurement models of expected returns. You will learn a financial forecasting technique that is built upon the balance-sheet equation, accounting ratios, and earnings persistence. You will also learn various valuation models and the concept and measures of free cash flow. This course will be useful if you want to be a financial analyst, financial consultant or an investment banker.
China Business Environment
This course examines the challenges and opportunities that a rising and rapidly changing China has provided for various business corporations, i.e. multinational corporations, domestic state-owned enterprises, entrepreneurial firms. It delineates the complexity of contemporary China with respect to economic, technological, political, social and cultural environments and how it influences corporations in a wide range of industries. Based on in-depth discussions of extensive business cases, it aims to provide students with analytical frameworks of how managers navigate in the China business environment and address the challenges and threats.
The focus of the course is to analyse and examine the China market from the perspective of marketers who are either planning to enter the market or to further increase their market presence. There will be less emphasis on analyzing the success and failure of Chinese enterprises doing business abroad. Nevertheless, selective Chinese enterprises will be studied in the context as a market force that contributes to the intensity of the market competition.
Climate Change, Production and Trade Emerging Challenges for Business
This course aims to provide students with insights into the nature of climate change, and the likely consequences of an absence of sufficient adaptation to climate change and inadequately mitigated man-made global temperature changes. The analysis will be framed in the environmental, socio-political and economic contexts in which the public policy debate is taking place. The approach is necessarily multi-disciplinary. It will look at the economics and political economy of climate change mitigation and adaptation, the physical and social impacts of a hotter earth, and the politics of the allocation of responsibility across nations for addressing the problem. The course will pay attention to national and international policy initiatives on climate change, and the possible implications of policies in this area for international investment and trade. The policy analysis will focus in particular on the implications of this complex set of issues for business.
Corporate Governance and Social Responsibility
This course is to provide a multi-faceted overview of the characteristics and unique challenges of governance strategy and practices in Asia. Corporate governance topics include the institutional environment, corporate ownership, family-and state-owned enterprises, board of directors and corporate transparency. Moreover, the topics of social responsibility, nonprofit organizations and social enterprises will be discussed in-depth to bring this course to a forward-looking conclusion.
Creativity and Business Innovation
In this course students will learn how creativity can be harnessed for the purpose of business innovation. It has become a commonplace that business organizations need to innovate to survive in times of global markets, rapid technological development, hyper-connectivity, sustainability concerns, and shifting consumer preferences. The course objectives are to put the students into the shoes of managers in business organizations supporting or developing powerful innovation processes. They learn to distinguish, appreciate, and develop the business models, people, structures, and processes that enable these innovation processes.
Doing Business on the “New Silk Road”
The course explains the strategies and mechanisms of the Belt and Road Initiative (BRI) and gives an insight to conducting business in the 65+ countries in the 6 development corridors participating. We are covering economic, strategic, legal and practical business issues from highly developed countries to operating in war zones. Starting from the infrastructure projects themselves we are looking holistically into what this means for the economic and social developments, and how the BRI initiative has the potential to re-shape the world.
Entrepreneurship and Ventures
This course aims to provide an overview of the entrepreneurship process by focusing on new venture creation from idea generation, building compelling business model and opportunity recognition to managing new business startup and dealing with the venture capitalists. Students will learn how to develop business models that create new value for customers in a startup venture and will also learn about the values, management, marketing, and financial skills that most often associated with successful entrepreneurial activity. Students then discover and evaluate opportunities, develop possible business models and prepare a venture plan.
Financial Crises, Governance and Regulation
Financial crises have been key drivers of regulatory change. From the Great Depression to the Great Recession, policymakers have redefined the dynamics of the financial services industry in efforts to eradicate undesirable practices and events. The economic destruction caused by the most recent financial crisis spurred dramatic action by governments and their appointed financial sector regulators. External oversight and internal governance models have changed significantly as a result. This course will examine several prominent financial crises and consider the regulatory and governance environment both prior to, and post, the event. The primary cause of the crisis will be first explored; the role of the regulator and its response assessed; and the successes and failures of those responsible for governing finance sector organisations evaluated. The course will prepare students for the complexities of the current regulatory environment and what to expect when the next crisis appears. It will also develop a student’s understanding of the requirements to successfully govern an organisation at the senior executive and Board level.
Global Marketing Management
This course is designed for students looking to deepen their understanding of how to develop marketing strategy through to implementation across global markets. Examining the challenges of entering and operating effectively across international markets, this course covers international marketing objectives, strategies and policies, market selection, distribution channel decisions and management, international marketing mix approaches appropriate to individual markets, and systems of international marketing organisation, planning and control.
Hedge Funds: Strategies, Business Management & Institutions
This course is an in-depth study of the hedge fund industry. We will study hedge fund trading strategies, the business model of hedge funds, hedge fund investors, as well as the institutional and regulatory framework in which hedge funds operate. The course will evaluate and analyse popular hedge fund trading strategies, including equity strategies (activist, market-neutral, long/short, event-driven, etc.), arbitrage strategies (derivatives, convertible, fixed-income, currency and global macro, etc.), and fund of hedge funds. The course will also analyse the hedge fund business model, including: performance evaluation and risk management; fund compensation and contractual features; transaction costs and market impact; as well as fund raising and marketing. In addition, the course will study the institutional relationships hedge funds have with service providers (prime brokers, custodian banks, etc.) and with regulators. We will also discuss public policy implications and the value of hedge funds in society. This course is designed to provide students with the skills necessary to evaluate hedge fund strategies, and to develop, manage, and successfully grow a hedge fund business.
Legal Environment in Asia
This course will provide each student with a solid legal foundation, especially in an Asian context. It is an international business law course specifically designed for students who are or hope to become managers and executives in Asia. We will discuss broad legal principles and how they affect business today, analyzing several cross-border business transactions and court cases. The format of the course is similar to a graduate seminar, requiring students to be well prepared and participate actively in class.
Management Consulting for Consultants and Managers
This course is designed to apply the full range of management and business knowledge to giving professional advice to top-managers. It is a fundamental course for those who work as consultants, prepare for such career, or those who engage with consultants on the client side and want maximize the results of consulting projects. The red line though this course, is to experience and practice every stage of a consulting project in different industry contexts: the lead, the pitch, the client engagement, providing deliverables and final presentation and project closing.
Marketing for Tech-Intensive Industries
This class examines the strategic marketing issues related to high-tech industries, such as customer analysis, segmentation and targeting, product, price, promotion and place. The core of the course is an in-depth analysis of the marketing strategies that companies use to compete in the high-tech industries. This course aims to provide students with a solid understanding of the nature and dynamics of high-tech industries; and with essential knowledge on marketing that allow them to create winning strategies for their organizations competing in this industry.
Mergers and Acquisitions
This course is designed to develop a solid understanding of commonly discussed and applied issues in mergers and acquisitions (M&As). The topics covered in this course include the M&A process, methods of valuing a target firm, valuing synergies, the form of payment and financing, assessing highly levered transactions, governance in M&A, and M&A negotiations. M&A cases will be used in discussing these topics. By going through analyses and discussions of real-life M&As, students will gain experience in the application of financial theories and techniques to evaluate M&A decisions and transactions.
Multinational Enterprises Strategy
This course is designed to broaden students’ understanding of the issues related to the management of multinational enterprises. The emphasis is on the global business environment and its impacts on multinational enterprises’ strategy, structure, and functions. First, the course discusses the political, economic, and cultural environments in which multinational enterprises operate. Second, it examines the strategy and organization of multinational enterprises, including entry strategies, international alliances, organization structures, and control in multinational enterprises. Third, it examines the management of people in multinational enterprises, including motivation and decision-making in the international context.
Negotiation and Influencing Skills for Business
Negotiation is at the very heart of Business practice. It can involve negotiating a salary right up to the complex negotiations involving international trade agreements. The purpose of this course is to look at negotiating strategies to maximise the benefit to all parties concerned. It will involve written and oral negotiation.
Online Business Strategy
This course is designed to allow students of all levels to become familiar with the fundamental role of technological advancements in today’s business environments. As technology becomes increasingly integrated into business processes, managers and leaders alike must be able to understand and communicate the enabling potential of these tools. This course provides an introductory training for such purposes. Topics of this course cover the fundamental challenges faced by businesses operating in the online environment, new opportunities and threats arising from social media, and strategic considerations in offering web-based services and information goods.
Real Estate Finance
The objective of this course is to develop an analytical framework by which students can make sound real estate investment decisions. The main emphases of the course are on theory, concept building, financial modeling, and practical application. In particular, class discussions will cover the following areas in real estate: Real estate markets and investments, appraisals, and development, Institutional aspects of real estate finance, Mortgage Markets, Mortgage-Backed Securities, Real Estate Investment Trusts (REITs), Real Estate Transactions, Valuation of Land, Valuation of Income Producing Properties, Redevelopment of Real Estate.
This course offers to students the concepts and techniques necessary for effective corporates risk management. The purpose of this course is to offer a step-by-step approach to the development of a proper risk management for a company. It will focus on the financial modeling of risk and the effective use of various financial products in risk management. In particular, the course will focus on: identification and measurement of a firm’s exposure to financial risk, use of various financial instruments in managing the firm’s exposure to risks, implementation of risk management programme.
Supply Chain Management
This course focuses on the systems approach to the planning, analysis, design, development, and evaluation of supply chain and logistics management. You will not be learning dry, abstract concepts or theories, but will be given practical situations and case studies from a number of industries to stimulate your thinking for solutions in the analysis of your own organisation’s supply chain operation. The learning contents are designed to be comprehensive and illuminative. If you are merely a consumer or customer, this study will help make you more perceptive and more understanding of the constraints and strengths of supply chain management.
The Emergence of FinTech and its Impact on Global Finance and Banking
The world of global finance, banking and financial services is changing rapidly with the emergence of start‐up financial technologies, commonly referred to as FinTech that may disrupt the status quo. Taught as a series of practical courses and guest lectures by industry entrepreneurs and professionals, the course covers the main pillars of the FinTech start‐up ecosystem in Asia, including peer to peer lending platforms, internet finance, online finance, bitcoin, digital currencies, digital payments, big data, cybersecurity, cryptography, etc and their practical impact on global banking and finance. This course will provide students with the latest empowering and practical knowledge on FinTech enabling them to understand some of the FinTech changes taking place currently in the financial services industry and, most importantly, the trends that will impact the industry in the future. This is a very practical course with a heavy emphasis on guest lectures on the latest industry trends and best practices by industry experts and entrepreneurs rather than theoretical concepts.
This course aims to give students an overview of how trade policy and international rules on the conduct of trade can exert an influence on business decisions. The course will look at the range of trade and trade-related polices that governments typically employ and what the objectives are of these policy interventions. The course will address these matters in relation both to goods and services. It will also examine the evolution of international agreements designed to regulate trade policy, at the multilateral and regional levels. Particular consideration will be given to the implications for business of the considerable growth of a multiplicity of preferential, discriminatory trading arrangements in recent years.
MBA Course Exemption
Exemption of up to four courses may be granted if a candidate can produce evidence, such as transcript and course syllabus, that a course is equivalent in content to another course elsewhere for which a satisfactory grade has been obtained or is holding relevant professional qualifications. Candidates will be required to take alternative courses in lieu of the exempted courses. Please contact the MBA Programme Management Office for details upon application.
*Curriculum structure and course exemption are subject to the University’s approval.