HKUST BSc in Risk Management and Business Intelligence

Why RMBI? What is Business Intelligence? What is the relation between "Business Intelligence" and "Risk Management"? Why Courses from Engineering School is included? What is the structure of the program? What are the RMBI new courses? What are Capstone Projects? There are similar programs offered by other universities. What are the edges for RMBI? RMBI does not belong to any of the three schools. Will it affect exchange and internship opportunities? Which type of students are more suitable to apply for the RMBI program? What will be the contents of the interview? Should I put the program in BAND A? What jobs can I choose from after graduation?
Why RMBI? Managing uncertainty may seem a contradiction. But this is the challenge for corporate leaders each and every day as they set out to secure the future. The sub-prime crisis. The threat of a flu pandemic. Disasters don't have to happen locally any more to have a devastating impact on business performance. To assess and minimize risk effectively, it is necessary to analyze and manage the ever-growing volume of data. Given the rapidly changing world we now live in, such skills are increasingly in demand. Focused on all-round academic, professional and personal development, the interdisciplinary RMBI Program is the first in Hong Kong to combine risk management and business intelligence to answer both these market needs in one innovative degree program.
What is Business Intelligence? Business Intelligence is about making appropriate use of data. It is a process that aid corporations to develop business strategies through gathering, storing, analyzing and converting raw corporate data into useful resources (answers) for decision-making.
What is the relation between "Business Intelligence" and "Risk Management"? One of the domains that BI could be applied to is Risk Management. With the information obtained from BI, risk could be assessed thought probabilistic measurement.
Why Courses from Engineering School is included? Feedbacks are received from bank employers that candidates nowadays generally are weak at hard skills. Without practical IT skills, ideas are unable to transform into actual solutions. Therefore in the RMBI program, engineering training is one of the focuses. The program empowers students to Solve problems using soft tools, e.g. carrying out operations in database Have the ability to acquire new computer languages Formulate solution in a step by step manner (algorithm) Build up strong programming skills for data mining (which require a great deal of computer processing)
What is the structure of the program? Suggested Study Pattern First year - Foundation Courses Accounting, Finance, Marketing, Operations Management, Statistics, Mathematics, Programming, English & Chinese Communication Second year - Professional Development Risk Management courses, Business Intelligence courses Enrichment: Internship & Exchange Third year - Applications and Experience Advanced RMBI courses and Case studies Capstone projects Enrichment: FRM / PRM training, Internship
What are the RMBI new courses? New courses are designed and tailor-made for the RMBI students. The six new courses are: Introduction to Risk Management and Business Intelligence Financial Service Operations Management Advanced Data Mining for Risk Management and Business Intelligence Quantitative Methods for Risk Management Risk Management and Business Intelligence Capstone Project I Risk Management and Business Intelligence Capstone Project II
What are Capstone Projects? The Capstone Projects last for 2 semesters (1 year). Students with different strength will be grouped and each team will be assigned to a research project provided by our sponsor companies (such as banks and fund houses). Students have the chance to become consultants and work with mangers on real business problems under the supervision of our professors. These practical assignments strengthen their ability to apply knowledge from different areas in real-world situations and help students to develop project management skills.
There are similar programs offered by other universities. What are the edges for RMBI? The RMBI Program is the first in Hong Kong to integrate risk management and business intelligence. Responding to new needs in the business world, its enterprising interdisciplinary approach builds and synthesizes statistical, mathematical, financial, and information system techniques and tools to develop innovative professional skills. Training also equips students to analyze and handle managerial problems in the business world, enabling graduates to bring multiple perspectives to solution building.
RMBI does not belong to any of the three schools. Will it affect exchange and internship opportunities? RMBI offers unique exchange and internship opportunities for our own students. Students can apply for exchange programs and internships offered by the Schools of Business, Science and Engineering.
Which type of students are more suitable to apply for the RMBI program? We look for students who have good interpersonal skills and who have strong interest in risk management or business intelligence.
What will be the contents of the interview? Focus of the interview will be placed on their basic concept on Risk Management and Business Intelligence and their eagerness for the subjects. Grouped or individual interviews will be conducted in English.
Should I put the program in BAND A? If the program is not placed in BAND A, the chance that the student will be considered is low.
What jobs can I choose from after graduation? Graduates will be well prepared for jobs related to Risk Management and Business Intelligence, such as Risk Officer, Risk Analyst, Risk Manager, Database Marketing Analyst, Customer Analytics Manager and Business Analyst.