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PROGRAM

HKUST BUSINESS SCHOOL & DEPARTMENT OF FINANCE

Since its official opening in October 1991, The Hong Kong University of Science and Technology (HKUST) has established itself as an intellectual powerhouse, energizing the community's transformation into a knowledge-based society, and securing a place on the academic world map in record-breaking time.

An innovator in research and teaching, HKUST is the only science and technology research university in Hong Kong, and the only one to offer an all-PhD faculty. The highly reputable Quacquarelli Symonds (QS) Asian University Rankings rated HKUST as the top university in Asia in 2012.

The HKUST Business School is the first business school in the region to be awarded accreditation by both the US-based Association to Advance Collegiate Schools of Business (AACSB International) and European Quality Improvement System (EQUIS). Our programs are consistently ranked among the very best in the world by international media and our faculty is considered to be among the most qualified.

We are also innovators in teaching as exemplified by our being the first and foremost Asian school to offer joint degree programs in partnership with other top international business schools.

Relevant Rankings for HKUST Business School

DEPARTMENT / SCHOOLS RANKINGS
EMBA Ranking (Kellogg-HKUST) No. 1 in the World, by Financial Times 2012
Global MBA Ranking No. 8 in the World, No. 1 in Asia, by Financial Times 2013
No. 3 in Asia, by The Economist 2013
Department of Finance The Department has been consistently ranked No. 1 in research in the Asia-Pacific region and among the top 25 in the world, according to the FMA-ASU Finance research rankings.

NEW YORK UNIVERSITY STERN SCHOOL OF BUSINESS

Located in New York City, an epicenter of global business, New York University's Stern School of Business is a premiere research institution where more than 200 faculty members conduct forward-looking research and consulting with leading corporations around the world.

A proud part of Stern's heritage is its world-renowned finance program. With more than 40 full-time faculty members conducting theoretical and practical research in all key aspects of the field, Stern boasts the largest faculty of any other finance program in the United States. It has been ranked number one worldwide in research productivity by a number of top finance journals. Stern's finance faculty is highly rated in terms of research output, and members sit on the editorial boards of all of the major finance journals.

Among Stern's faculty luminaries are three Nobel Laureates in economics: Robert Engle (2003), known for his time-varying volatility model used by financial markets to measure risk; Michael Spence (2001), whose scholarship focuses on economic policy in emerging markets, the economics of information, and the impact of leadership on economic growth; and Thomas Sargent (2011), whose models on the effect of policy on the economy guide central bankers and policy makers; as well as Edward Altman, whose famous z-score, a mathematical formula which analyzes and predicts bankruptcy risk, is pervasive on Wall Street; Roy Smith, former partner, Goldman Sachs, and Ingo Walter, who together co-authored the best-selling book, Governing the Modern Corporation in 2006; and Martin Gruber and Edwin Elton, whose textbook Modern Portfolio Theory and Investment Analysis is in its seventh edition and has been used as a resource for business students for nearly 30 years. Students in the MSGF Program will have the opportunity to study with several of these Stern faculty members.

NYU Stern's strength in finance is enhanced by its Salomon Center for Research in Financial Institutions and Markets. The Salomon Center conducts new research across a wide array of financial topics and partners with regulatory, government and business communities to bring high profile business leaders and conferences to Stern's campus. The Center specializes in seven areas that correspond with the infrastructure of the markets: Asset Management, Corporate Governance, Credit and Debt Markets, Derivatives Research, Financial Econometrics, Financial Institutions and Macro Finance. Each specialty division is directed by a Stern expert in the field.

Because of the size of the faculty and resources devoted to the finance department, students have access to the breadth of thought reflecting the latest global research findings and market practices. Students also benefit from the unparalleled access to Wall Street and the world's leading practitioners who are adjunct faculty and guest speakers in their classes.

Relevant Rankings for NYU Stern

DEPARTMENT / SCHOOLS RANKINGS
EMBA Ranking (Trium) No. 3 in the World, by Financial Times 2012
Global MBA Ranking No. 19 in the World by Financial Times 2013
No. 11 in the World by The Economist 2012
Finance Department No. 1 in the World by Financial Times 2012