HKU Launches New Master in Family Wealth Management (MFWM) for 2024: Program Overview, Curriculum, Admissions, and Career Prospects

发布时间：Date: 2024-04-30 返回新鲜资讯Back to News

The University of Hong Kong will launch a new Master in Family Wealth Management program in fall 2024, designed to cultivate professionals who can address the complex needs of high-net-worth families, with an interdisciplinary perspective combining finance, investment, and the humanities and social sciences. The one-year program consists of ten courses, including core courses, electives, and a capstone project, deeply integrating family history, cultural ethics, and wealth management to help students fully grasp the multifaceted nature of the family office and wealth management field.

For prospective applicants, it is important to note the first-round application deadline of February 29, 2024, and to prepare application materials such as personal statement, short essays on specific topics, recommendation letters, and language test scores in advance. Upon completing the capstone project or an industry internship, graduates will possess outstanding ability to provide professional advice to high-net-worth families and transmit family legacies, leading to broad career prospects. For more updates on HKU applications and first-hand study abroad information, follow CheersYou（清柚教育）.

The Master in Family Wealth Management program is offered by the Hong Kong Institute for the Humanities and Social Sciences (IHSS), an independent research institute of the University of Hong Kong (HKU) with a long history of research and teaching in the humanities and social sciences. It will welcome its first cohort of students in fall 2024, with the first round of applications closing on February 29. Below is information about the program!

Program Introduction:

As the global wealth management industry evolves, there is a growing demand for professionals who can effectively manage the complex and diverse needs of family offices for high-net-worth families. Beyond finance and wealth management, professionals need comprehensive knowledge encompassing history, ethics, cultural competence, and social responsibility to evaluate and provide advice on complex family wealth management issues. This master’s program emphasizes the intersection of historical roots and cultural dimensions of families, family businesses, and investment markets. The interdisciplinary approach enables students to understand the multifaceted nature of the family office and wealth management field.

Program Duration:

One year, 66 credits across ten courses.

Curriculum:

Ten courses, including six core courses, three elective courses, and one capstone project course.
With the consent of the Programme Directors of both programmes, students can choose one 6-credit elective course from the Master of Nonprofit Management in the social sciences field.
Target class size: 70 students.

Admission Requirements:

Application Timeline:

First-round application deadline: February 29, 2024
Second-round application deadline: April 30, 2024

Application Materials:

Personal documents: CV, educational certificates, transcripts, proof of work experience
2 essays
- A personal statement on your motivation for choosing this programme, i.e., what your career aspirations are and how the programme will help you achieve them (maximum 300 words)
- What "family" means to you (maximum 300 words)
2 recommendation letters (maximum 300 words each)
- From professional or academic referees
- Why the referee believes the candidate is highly suitable for the MFWM programme
TOEFL/IELTS
GMAT/GRE scores (optional); strong GMAT/GRE scores will be given priority

Career Prospects:

After completing the capstone project, students can choose to conduct research on real-world issues faced by family offices and wealth management firms and propose possible solutions, or undertake an internship in the industry.
Graduates of this programme will be well-prepared to meet the evolving needs of high-net-worth families and help clients maximise the opportunity to leave a permanent family legacy.

For more HKU application updates, follow CheersYou（清柚教育） for first-hand study abroad information!

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