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Master ProgramNational Chiao Tung University
Department of Information Management and Finance
Graduate Program of Finance
Academic Regulations for Master Students
(Applicable to students admitted in academic year 2019)
Stipulated at the 3rd Academic Affairs Meeting in the 2nd semester of Academic Year 2012 (27 March 2013)
Amended at the 2nd Academic Affairs Meeting in the 2nd semester of Academic Year 2013 (26 March 2014)
Amended at the 3rd Academic Affairs Meeting in the 2nd semester of Academic Year 2013 (7 May 2014)
Amended at the 2nd Academic Affairs Meeting in the 2nd semester of Academic Year 2014 (25 March 2015)
Amended at the 3rd Academic Affairs Meeting in the 2nd semester of Academic Year 2016 (29 March 2017)
Amended at the 1st Academic Affairs Meeting in the 2nd semester of Academic Year 2017 (21 March 2018)
Amended at the 11th Academic Affairs Meeting in Academic Year 2018 (27 March 2019)
1. The Department of Information Management and Finance (referred to as IMF hereunder) of National Chiao Tung University (referred to as NCTU hereunder) hopes to supervise and encourage its students of the master degree of Graduate Program of Finance, the previous Institute of Finance Master of Art, (referred to as IOF MA program hereunder, including full-time and on-job students) to study. Hence, it follows "National Chiao Tung University Regulations for Master and Doctoral Degrees Conferment" to stipulate "Academic Regulations for Master degree of Graduate Program of Finance."
2. For the master program of Institute of Finance (referred to as IOF MA program hereunder), the study period of full-time students is limited within one to four years, and that of on-job students is within one to five years.
3. Graduate students of other departments or institutes of NCTU may apply to transfer to IOF MA program, if they acquire the approval of the original departments or institutes, and acquire recommendations of more than two teachers from our department. The Master degree of Graduate Program of Finance, the previous Institute of Finance Master of Art, (referred to as IOF master program Committee hereunder) should examine the applications, and submit the examination result to the Committee of Institute Affairs for approval. Students who acquire the approval should transfer to IOF in the next semester, and their study in the original departments or institutes will not be included in the study period of IOF.
4. The preliminary courses of IOF include the three subjects: "Economics", "Accounting," and "Statistics." IOF MA students may apply to exempt the courses or change to other courses with their transcripts of college study or above, or certificates of other programs at the same level. The application will be examined by department. The passing grade is 60 or above for acquiring the approval of exemption.
(1) IOF MA Students should select the advisors no longer than one year after admission and propose with written application. Otherwise, students will be interviewed by department chairperson, and their parents will be informed.
(2) At least one of the advisors should be full-time professor, associate professor, or assistant professor in our department. If not, students should acquire the approval of the department chairperson.
(3) During the study period, if students are planning to change advisor, they should submit a written application to the department and the application will be effective after the original advisor is notified. The application doesn’t need the consent of the original advisor.
(4) The advisors who plan to terminate the guidance to students, in accordance with the regulations, should submit a written application to the department, and the department will process the application and notify results to the students. After the termination of guidance to students, the department may assist students to find another advisor.
(5) The third and fourth items of this rule are applied retrospectively to all IOF MA students.
6. IOF MA program consists of two groups, "Program of Financial Engineering" and "Program of Corporate Finance." The minimum graduation requirement is 39 credits. At least one program requirement of the two should be fulfilled by IOF Students.
(1) Common required courses:
A. Courses: Financial Management, Investment, Futures and Options, Financial Econometrics, Financial Institutions and Markets, Theory and Practice in Finance (I), Theory and Practice in Finance (II), and Thesis.
B. Students graduated from the Departments of Finance, Financial Management, or Quantitative Finance can apply for the approval of department with their transcripts of financial courses in college to substitute the common required courses, Financial Management and Investment with advanced elective courses of the same type.
C. Theory and Practice in Finance(I) is required in the 1st semester of the 1st academic year; Theory and Practice in Finance (II) is required in the 2nd semester of the 1st academic year; Thesis study is required in the 1st semester of the 2nd academic year.
(2) Required courses of each Program:
A. Program of Financial Engineering: Financial Mathematics, and Theory of Derivatives.
B. Program of Corporate Finance: Financial Statement Analysis, and Multinational Business Finance.
7. After admission, IOF MA Students may have partial credits waived by applying for the approval of our department. The limitations of waiving credits are listed as follows:
(1) Credits of the courses offered by other departments or institutes can be waived for at most 12 credits. Credits of courses offered by IOF MA program can be all waived.
(2) The course title and credits of the courses applied to be waived should be the same as the course title and credits of the completed courses. The application should be attached with the credit statement.
(3) The course of graduate institute completed in the undergraduate period may be applied to be waived if the grade of the course is fulfilled the passing grade, and the course is not accumulated in the graduate credits of undergraduate certificate.
(4) Students who apply to waive credits should study in NCTU for at least one year (except for suspension), and they should fulfill the relevant graduation regulations of IOF MA program.
(5) Students should apply to waive credits by the end of the 1st week of school beginning in the next semester after acquiring the credits (the 1st semester for the first grader). Otherwise, the delayed applications should be approved by the Committee of Institute Affairs.
(6) If the required courses of IOF MA program are approved to be waived by the courses of the same type offered by other departments or institutes of former study, IOF MA students should acquire other credits at the same level as the substitute, but only 6 credits at most can be waived.
(7) Students should not apply to waive the elective credits offered by other departments or institutes, except for the courses offered by the overseas universities conducting the dual-degree with the College of Management of NCTU. The courses offered by these overseas universities may be applied to be counted in the elective credits, but at most 12 credits can be adopted (including the 6 credits offered by other departments or institutes).
8. Before raising thesis proposals, IOF MA students should accomplish 15 credits (which do not include the credits of preliminary courses or the credits of the course "Theory and Practice in Finance" listed in the article 6 of the regulations).
9. IOF MA students should submit their thesis proposals within designated period for the review by their advisors.
10. IOF MA students should submit their draft theses within four weeks after the graduation semester started. The draft theses should be reviewed by advisors and a committee who is not the advisors of the theses. Students who do NOT pass the review are NOT allowed to apply for the degree defense.
11. Upon completing the required courses (except the exemptions and waived courses after approval) , receiving the minimum graduation credits, passing all qualification exams pertaining to the program, and submitting the thesis, master students may apply for an oral defense. After the approval from the oral defense committee, NCTU will confer a master degree upon the students. However, the students who have submitted a thesis and are recommended by the adviser may apply for an oral defense even if they have not completed the required courses and accumulated the minimum graduation credits by the end of the semester. NCTU will confer a master degree upon the students after they have completed the required courses and accumulated the minimum graduation credits. Students' score of degree defense should not be adopted if they do NOT complete the required courses by the end of the semester.
12. The degree defense consists of oral defense and thesis review. Student who conducts the oral defense shall first complete the “thesis originality check” and submit the result to the members of the oral defense committee.
13. The degree defenses for master students are generally conducted orally. All oral defenses must comply with the following rules:
(1) There will be three to five members to form a committee for the IOF MA degree oral defense, and were choose from scholars and experts. They must specialize in the area the applicant has studied and fulfill at least one of the following requirements. The committee members were screened and appointed by the university president.
- Is or was a professor, associate professor, or assistant professor.
- Is a research fellow, or is or was a researcher, associate researcher, or assistant researcher of Academia Sinica.
- Holds a doctoral degree, and has outstanding academic achievements.
- Has been researching in a rare, specific, or practical field, and has outstanding academic or professional achievements.
(2) All oral defenses must be conducted openly in fixed time arranged by IOF MA program. The time and place of the oral defense and the title of thesis must be announced in advance.
(3) All members of an oral defense committee must attend the oral defense in person; stand-ins are not permitted. An oral defense for the degree may take place only when attended by at least three committee members.
(4) The passing grade and full marks of the oral defense are 70 and 100, respectively. The result derives from one evaluation at most, and determined by the average scores given by the present committee members. Nonetheless, a candidate is regarded as failed and no average score should be calculated if more than a half of present committee members give the scores below the passing grade.
14. For candidates passing the oral defense, members of the oral defense committee should demonstrate the directions and key points explicitly for the candidates' reference to revise the thesis. The candidates should submit the revised thesis for review. They will pass the review under the agreement of two-thirds of the oral defense members. The review does not offer the score separately. For candidates passing the thesis review, "The Authorization of Oral Members for Research Thesis/Dissertation" should be signed by all committee members of the oral defense. After candidates finish the thesis review, the score of thesis review will become that of the oral defense.
15. If the students pass the oral defense before January 1 or July 31, but they do not pass the thesis review so they cannot submit the "The Authorization of Oral Members for Research Thesis/Dissertation," they should carry out the registration in the next semester. If students do not submit the authorization by the end of the maximum study period, the student is deemed failed and required to drop out of NCTU in accordance with regulations.
16. For the IOF MA students who pass the oral defense and the thesis review, the IOF MA program should submit the score of the thesis review and "The Authorization of Oral Members for Research Thesis/Dissertation" to the Registration Division of the Office of Academic Affairs for registration within one week, except for those who study in the Education Program in NCTU continuously with the proof by the Center of Teacher Education.
The graduation semester is the one when the score of the thesis review and "The Authorization of Oral Members for Research Thesis/Dissertation" are submitted.
If students who submit the score of the thesis review and "The Authorization of Oral Members for Research Thesis/Dissertation" do NOT perform the deregistration procedure, their status should be treated as graduated.
17. For IOF MA students who have completed the requirement of 39 credits (except preliminary courses) passed the oral defense, and finished all procedures according to regulations, NCTU will confer a master degree in Finance upon them. Retrial will be limited within once. Those who fail to pass the oral defense within the maximum period of study are required to drop out of NCTU.
18. Master theses (including abstracts) must be written primarily in Chinese and comply with the "NCTU Format for Thesis." A student is required to post an electronic version of the abstract and thesis on the university website within one month after passing the oral defense (please refer to NCTU Library Abstract, Thesis and Dissertation Electronization Specification for details). A student must also submit two copies of the thesis (one displayed in the library and one submitted to the Office of Academic Affairs for transmission to appropriate archival units specified by the Ministry of Education). The number of copies for collection in our department is determined by IOF MA program.
19. When in dispute, the Regulation is superseded by the "National Chiao Tung University Regulations for Master and Doctoral Degrees Conferment".
20. Any amended version should be applicable only to IOF MA students admitted for the next academic year after the amendment passes.
21. Applicable also to students admitted before academic year 2019 retrospectively under the approval of student’s advisor or the department chairperson.
22. The Regulations and their revisions will be implemented after being passed at the Committee of Institute Affairs, examined at College Academic Office and University Academic Office, and reported to Academic Affairs Meeting for approval. The same procedure will be applied if the regulation is amended.
23. The Regulations were drawn up in Chinese and translated into English. In the event of any discrepancy between the two versions, the original Chinese version shall prevail.
Department of Information Management and Finance
Graduate Program of Finance
Academic Requirements for Master Students
academic year 2019
|Minimum Period of Study||One year|
|Minimum Graduation Credits||39 credits (excluding preliminary courses)|
|Prerequisite Courses and Core Courses||
Economics, Accounting, Statistics (can be waived with official college transcript or certificate of other equivalent courses)
Common Core Courses:
Financial Management, Investment, Futures and Options,Financial Econometrics, Financial Institutions and Markets, Theory and Practice in Finance (1),Theory and Practice in Finance (2), Thesis
Other Required Courses for Each Major:
1. Financial Engineering:
(1) Financial Mathematics
(2) Theory of Derivatives
2. Financial Decision:
(1) Financial Statement Analysis
(2) Multinational Financial Management