Why a Taught Master’s Programme Dedicated to Family Wealth Management?

The Wealth Management industry saw strong growth in recent decades, and despite greater market uncertainty in the last few years, demand for professionals to manage wealth continues to grow. In particular, families are increasingly seeking advice on how to holistically manage their wealth, business and legacy. While there are many finance and accounting postgraduate programmes in Hong Kong and the region, the Master of Family Wealth Management degree at HKU fills a gap in specialized knowledge that caters to the unique needs of family offices, high-net-worth families and private wealth management.

 

Why HKU and the Hong Kong Institute for the Humanities and Social Sciences?

The Hong Kong Institute for Humanities & Social Sciences is housed in May Hall, a declared historical monument at the heart of HKU’s main campus. The majority of FWM’s classes are envisioned to be conducted inside May Hall.

As a leading research and teaching institution in Asia, HKU brings together top academics across multiple disciplines – business, finance, social sciences, history, culture and psychology. Situated in Hong Kong, one of the global wealth management hubs, HKU enables its students to take advantage of the confluence of capital markets and academia.

The Hong Kong Institute for Humanities and Social Sciences (IHSS) has a focus on research and teaching in finance, family business, business history, and culture. Its academic staff and affiliates have long been known as leading experts in these fields. IHSS Director Zhiwu Chen was a founding partner of hedge fund company, Zebra Capital Management, and has advised many family offices, hedge funds, private equity funds, and investment institutions. Master of FWM participants will have exposure to an academic team with strong credentials in fields relevant to the programme, as well as practitioners who have many years of industry experience across various professions.

With the above institutional backing, the Master of Family Wealth Management programme is well placed to draw from and bring synergies to other HKU departments and offerings, such as the Master of Finance, Master of Economics, and Master of Social Sciences in the field of Nonprofit Management programmes.

 

Who Should Apply?

The Master of FWM programme is suitable for a wide range of prospective students. Potential student profiles may include, but not limited to:

  • Recent university graduates looking to complement their undergraduate majors with more well-rounded post-graduate studies; for example, a psychology or engineering major looking to acquire financial market knowledge, a finance major looking to better understand family psychology, or an economics major looking to expand into history and finance.
  • Early career professionals looking to expand horizons or upgrade skills, such as tax consultants, lawyers, private bankers, investment advisors, fund managers, looking to better understand the entire spectrum of their clients’ needs.
  • Younger members of families seeking insights on family wealth management, succession planning, family business development, and governance.

At the heart, the programme caters to those who are passionate about managing family wealth and family office, regardless of their prior education and work.

 

What are Key Facts for 2024-2025 Entry into the Programme?

The Master of FWM is a full-time, one-year master’s programme.

  • The inaugural class intake is targeted to be approximately 70 students
  • Session dates:
    • Students are expected to be on campus by last week of August 2024
    • Programme end date tentatively scheduled for first week of July 2025
    • Students pursuing an internship option will also finish in July 2025
    • All courses will be conducted on 6-week modules.
  • Tuition for the programme is HKD $350,000, charged semi-annually.
  • Application deadlines:
    • Round 1: 29 February 2024, 12:00 noon (GMT +8)
    • Round 2: 30 April 2024, 12:00 noon (GMT +8)

Learn more about Admissions