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FAQ

Stanford Quantitative Finance Program

Frequently Asked Questions

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What are the entry requirements?

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Applications are accepted year-round on a rolling deadline, with up to 50 students enrolled each year. The Stanford Quantitative Finance Program is comprised of 5 courses and can be completed within 9 months with part-time study. Applicants should possess:

• A valid degree from an accredited institution, comparable to a bachelor's degree.

• Recommended three years of post-university work experience. The program also admits fresh undergraduate students with strong academic background.

• A solid quantitative background including linear algebra, numerical analysis, statistics and probability.

• Excellent writing, speaking, and presentation skills (in English),

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How can I apply for the program?

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A completed application packet includes: filled application form, statement of purpose, transcripts, official GMAT/GRE scores, (if taken), and a resume. Additional information may be submitted within the supplementary information section of the application

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What is included in the course fees?

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The program fee covers tuition, books, cases and reading materials, administrative fees, assessment, graduation fee, refreshments. Airfare and hotel accommodation for students residing outside of Hong Kong are not included.

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How much does the program cost?

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The total program fee for the 2015 intake is HKD169,000. Participants are normally billed in one lump-sum payment.

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What is the program delivery? Are there classroom lectures or are courses delivered online?

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The foundation course is delivered online, and the remaining 5 courses are delivered through traditional face-to-face lectures in Hong Kong. This program's part-time schedule will take place over 3 weekday evenings and two weekends every other month, to accommodate students' busy career and work schedules.  Due to this intensive delivery mode students are able to gain a real sense of achievement and progress. In addition to lectures the faculty use computer-based simulations and problem solving activities to further challenge students. All classes take place at the prestigious Admiralty Conference Centre.

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What are attendance requirements and absence policy?

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Students are expected to attend greater than 70% of all lessons.

We recognize that there are times when circumstances may cause a student to miss class. If these absences are due to unplanned hospitalization, extended illness, or a personal or family emergency that directly affects the student or an immediate family member, the absence would be considered excused. Whenever students are unable to attend class, they are required to notify a program administrator and then must inform the instructors. If the circumstances make advance notice impossible, an e-mail as soon as possible after the missed class is the next best alternative. The student must make arrangements with a classmate to get notes and copies of class handouts, and to complete all missed work. Students can also opt to defer the particular module to the next cycle.

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Are there examinations?

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Each professor determines how he or she will administer exams. Typically, most assignments and exams can be done at home as take-home assessments. Students are expected to take all examinations at the scheduled time and submit all take-home exams on the assigned due date. If a student fails to submit the coursework or exams by deadline without notifying the instructor or program administrator, he or she may not be able to receive official Records of Completion from Stanford.

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How long does it take to complete the program? How flexible is it?

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The 5-course program can be completed within 9 months. We allow students to take up to 3 years to complete the 5 required courses.

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What qualifications does the program offer?

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Successful completion of the 5 courses leads to the award of a Graduate Certificate in Quantitative Finance Program from Stanford University. This is both an academic and professional credential which enables graduates to build the knowledge and develop the skills needed for career advancement today.

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What will the QF certificate enable me to do in the workforce?

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The Stanford Quantitative Finance Program's goal is to develop the knowledge and understanding of finance practices in those seeking to advance their careers in finance. The Program is relevant to all sectors, including banking, insurance, asset management, hedge funds, supervision and regulation, auditing, consulting, and IT and software development. The Program is appropriate for all functions in these sectors. Examples include:

• Risk managers and risk officers can use this Program to expand their knowledge of different approaches to understanding risk.

• Trading and sales personnel can use this Program to broaden their understanding of financial markets and products, as well as risk and risk measures.

• Portfolio managers can use this Program to deepen their knowledge of equity and fixed-income portfolio management techniques.

• Wealth managers can use this Program to expand their understanding of the latest alternative investment and hedge fund strategies.

• Back-office and reporting personnel can use this Program to develop a better understanding of financial products and markets.

• IT personnel can use this Program to improve the effectiveness of their work in building the pricing and risk management architecture in their organizations.

• Financial engineers can use this Program to enhance the application of their technical skills to the broader organization.

• Regulators, auditors, and supervisors can use this Program to increase their expertise in validation of advanced risk management and security pricing infrastructures.

• Business consultants can use this Program to learn about service innovation strategies for financial services firms.

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Do I get a Stanford alumni status upon completion of the program?

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Our program has a strong relationship with the Stanford Graduate School of Business (GSB) Hong Kong Chapter. All of our students and alumni are invited to attend their event on a regular basis.

Additionally, all graduates of the program are qualified to apply for membership in the Stanford Alumni Association as Affiliates.

The benefits available to affiliate members are:

• STANFORD magazine (published 6 times/year)

• Waiver of service fee on Travel/Study Programs & Family Adventures

• Access to online databases offering thousands of searchable publication

• Car rental discounts through Avis and Budget

• Preferential pricing for members at Stanford Alpine Chalet

• Stanford Continuing Studies discounts--15% off enrollment on up to two courses per year

• Access to the Stanford Federal Credit Union

• 10% discount on Stanford Bookstore merchandise

• Access to Stanford athletic facilities at reduced rate

• Brass key tag, engraved with your SAA member number

• Group term life insurance and other insurance program

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Can I transfer the credits I have earned in the QF program to other master's degree?

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Successful completion of the program leads to the award of a Graduate Certificate and official Record of Completion. Students seeking transfer of credit to other degree-level academic programs should consult the particular program they intend to enroll. The University of Iowa MBA program in Hong Kong, another program administered by CEG, grants 3 courses of exemptions to graduates of the program.

Stanford Senior Executive Leadership Program

Frequently Asked Questions

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What are the entry requirements?

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We require all students to possess a bachelor's degree, plus at least 10 years of experience working on the middle to senior management level. In evaluating applicants, we look at the entire application, including work experience, recommendations, academic transcripts, etc. We believe that the best indicator of future career success is a person's career progression. Most of our applicants have a considerable number of years of work experience, so career progress and achievements are key competitive differentiators.

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What is a Senior Executive Program?

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Executive education program usually refers to programs and courses targeted at professionals working in managerial and executive roles, or those who aspire to. Most executive programs offered by business schools last between two and six days, but some can take over a year to complete part-time.

Content-wise, executive education focuses on improving the knowledge and skills needed to become an effective leader. Most executive programs - unlike management degrees like an MBA, MSc, or Master in Management - focus on sharpening specific aspects of an executive's toolkit, such as accounting, leadership, finance, strategy, or negotiation. Some executive programs - like modular general management or Executive MBA programs - do provide more broad training for current and future managers and executives.

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What's the difference between this program and other master's programs?

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The Stanford Senior Executive Leadership Program seeks to find potential executives who already have significant management experience at the mid- and upper-level management levels. For other master's degree programs, students can come from different backgrounds and levels of experience, much of which may not be at the management level.

The teaching style of typical master's programs tends to be very traditional and theory-oriented, lacking practical skills to train up leaders. Our program employs a variety of progressive teaching techniques in the classroom and through an online delivery system that expands beyond traditional lecture and case method studies. The Stanford faculty teaching the program are highly experienced and distinguished in their respective fields and fellow participants are special and diverse in a variety of ways. The fellow participants are special and diverse in a variety of ways - geography, experience, and education; enhancing the learning experience and facilitating a wider networking platform.

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What are the assessment methods?

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Our demanding curriculum and teaching methods require active participation and interactive engagement during the class. However unlike other master's degree programs which require heavy examinations, traditional examination are not utilized in our program.

Instead, participants will be assessed through a variety of leadership and team-building assessment activities and exercises.

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How long should I spend for preparation and assignment for each module?

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The Stanford Senior Executive Leadership program is comprised of a demanding curriculum that requires strong motivation and constant participation by the individual. Our program is made up of small classes in order to facilitate communication and participation between students and faculty. Courses are conducted in an interactive manner and each person is expected to bring a unique added value to the program. Courses consist of:

Required readings

Work on case studies concerning companies from varied sectors

Presentations on basic management concepts

Group projects where students put theory into practice

Normally there is no assignment before and after the classes.

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What is the maximum study period?

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In theory, students can complete the program in a maximum period of 5 years. To avoid unexpected disruption we strongly advise all students to complete the program in 2 years.

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Can I miss one day class due to personal matters?

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Please inform the local operator as soon as you anticipate missing any part of the class sessions. A decision will be made on a case-by-case basis as to how you can make up the material you missed. Alternatively, if you need to miss most of the class sessions we strongly advise that you defer the entire module and make it up in the next cycle.

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Do I have Stanford alumni status?

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Our program forms a close ties with Stanford GSB Hong Kong Chapter. All of our students and alumni are invited to attend their event on a regular basis.

Additionally, all graduates of the program are qualified to apply for membership in the Stanford Alumni Association as Affiliates.

The benefits available to affiliate members are:

STANFORD magazine (published 6 times/year)
Waiver of service fee on Travel/Study Programs & Family Adventures
Access to online databases offering thousands of searchable publication
Car rental discounts through Avis and Budget
Preferential pricing for members at Stanford Alpine Chalet
Stanford Continuing Studies discounts--15% off enrollment on up to two courses per year
Access to the Stanford Federal Credit Union
10% discount on Stanford Bookstore merchandise
Access to Stanford athletic facilities at reduced rate
Brass key tag, engraved with your SAA member number
Group term life insurance and other insurance programs
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Can I join some courses in Stanford?

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Definitely. All graduates of our program in Hong Kong are welcomed to join the Directors' College offered by Stanford Law School. The graduates will be able to enjoy a deep discount. This is a premier executive education program for directors and senior executives of publicly traded firms.

At Directors' College, you will engage with leading CEOs, directors, regulators, jurists, and scholars on a rigorous and balanced examination of a broad range of issues that confront modern boards.

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Is any study trip abroad required?

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There is no mandatory study trip to the US or other country. The program consisting of all 5 modules can be completed in Hong Kong.

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Who should attend?

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The Stanford Senior Executive Leadership Program is a practical and academically challenging program, ideal for senior-level global leaders who are at a critical inflection point in their careers. It's specifically designed for seasoned executives with at least 12 to 15 years of management experience and strategic responsibilities at the company- or country-wide level. The program is also suitable for executives who have recently been promoted to a position of significant managerial responsibility or are clearly on track for such a role.

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Who have attended? What is the typical participant profile??

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Students in our program are an accomplished group of senior managers across a very diverse set of geographies, industries, and job functions, with a significant percentage of people drawn from expatriates working in Hong Kong and China. They have proven their strong management ability and leadership as well as their potential for even greater future success.

Our typical class profile has students, who on average, have 12 to 15 years of work experience and who are in their late 30s or 40s. Men make up approximately 80 percent of the class. Approximately 50 percent of these students come from a general management background, with the second largest group having legal background. Accounting and Finance, Sales and marketing, information technology, engineering, health care, operations management, and law make up the majority of the balance.

You can obtain a specific class profile of the past intakes from our consultants.

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What's the value after completing this program?

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The program will help you broaden your expertise. Even if you already have an MBA or related business degree (in fact most of our students have a master's or an advanced degree), it's essential to refresh your core managerial skills with the latest academic research, management frameworks, and best practices. Quickly update and extend core management skills that apply directly to today's global, highly competitive, and dynamic business landscape.

Along with the revamp in our program curriculum, students will be able to learn key skills and frameworks to execute on innovation—finance, marketing, design thinking, strategy, value chain, leadership, team dynamics, and culture. They will also identify and overcome the challenges established companies face when trying to innovate.

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What's their salary before and after joining the program?

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We have not conducted any official survey to track students' salary and do not know the impact of the program on their salary and compensation. However from some informal source of communications with our graduates, it is encouraging to see a significant percentage of graduates received new responsibilities and promotion during their time in or after graduating from the program. By gaining skills and perspectives that make participants better leaders and managers, the experience results in many positive outcomes.

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Any job placement provided?

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All students have graduates access the career advisory service provided by CEG, the program operator in Hong Kong. CEG works with some headhunting firms which provide a variety of critical skills. They also work with top firms such as Oracles and First Derivatives, providing a listing of openings for graduates seeking new professional opportunities.

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Why is your company not visible on the in Rock Center or Stanford Website?

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The 5-module program is designed and catered to the learners in Hong Kong and Asia Pacific. Professor Dan Siciliano, the Associate Dean at Stanford Law School is the person in charge of the program. The program is being featured on the Stanford Rock Center website: https://rockcenter.law.stanford.edu/researchprograms/

A microsite dedicated to the program will be available soon.

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When will I get the certificate?

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You will receive the certificate upon completing all required modules. The graduation ceremony is typically held during the last class session of the 5th module of each cycle.

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Is there any transcripts?

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No transcript will be provided.

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Are the credits transferable?

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Like most other executive development programs, credits earned from this program cannot be counted towards other degree-level academic programs. However the University of Iowa MBA program in Hong Kong, another program administered by CEG, grants 3 courses of exemptions to graduates of the program.

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What level of English Proficiency is required?

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All courses and materials are in English and thus a high level of English proficiency is required for the program.

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What should I do if I am relocated to another country during the program?

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You need to inform the local operator as soon as you anticipate missing one or some modules. We can work with you to make up the missing modules via distance or online learning.