Student Report – HKUST, SPRING 2014 Hong Kong University of Science and Technology I. PRACTICAL INFORMATION Before leaving Norway Before departing for Hong Kong, you will receive two important “information packages”. The first package was received in mid August, and the package included several paper forms you had to fill in in order to be matriculated. The most important form is the VISA application, which should be filled out and sent as soon as possible. In addition, the school requires a student to show their financial statement in order to see evidence that you can afford and pay your exchange semester abroad. This can be easily accomplished by calling your bank and request for a financial statement. Morever, the first information package will include papers for applying for housing at campus. This semester we lived in Hall I and Hall VIII. Hall I is the oldest hall, thus it is the cheapest and you had to share a bathroom with the whole floor. Hall VII is a newly furbished hall, thus it is new, clean and you only had to share a bathroom with your roommates (4 people). However, it is more costly. In the application form you can choose between Hall I to Hall IX. We recommend you to apply for Hall VII, VIII, and IX. You will have to pay more for these accommodation, but the price difference is not immense and we believe it will be worth it. In addition, you can choose to stay with a local, an exchange student or a student you know from BI. Our recommendation is either choose a BIstudent or an exchange student. Sharing a room with a local person will be tough as the culture difference is vastly different. The local rarely go out and sleep, thus it will be challenging to see “eye to eye” on things. They are nice people, but from our experience it is nice to stay with someone who is on the same boat; which is being on exchange! The second information package was delivered in mid December. You will also receive your VISA around the same time, separately. In the second information package you will receive a lot of useful information about the school and student services. Applying for a visa Applying for a visa was incredibly easy as HKUST will guide you on how to fill out the form, including instructions. The visa form will be received in your first information package. The fee for the Visa was approximately 500 HKD or around 400 NOK. This payment will also cover the insurance at HKUST. Make sure to include a passport-photo, and make sure to bring a dozen of them to HKUST as they request a lot for them. Our VISAs were received around mid January. Travel Traveling to Hong Kong and finding tickets was not difficult, but it does take time and you need to save money. The easiest way is to check out www.finn.no or go to any of the airline homepages. One of us booked a ticket to China prior arriving to Hong Kong as he wanted to explore China before starting his exchange semester. Thus, he picked SAS and flew from Sandefjord Torp to Copenhagen with Wideroe and then Beijing with SAS. The ticket was bought through SAS’s homepage. SAS was very convenient and he ordered his ticket well in advanced in order to take advantage of the price and good seats. After a week of exploration, he flew from China to Hong Kong with China Eastern, which was a bit pricey when compared to flights in Europe, but it was the cheapest alternative for him. The two others flew by Norwegian to Bangkok for 2500NOK. After doing some travelling in South East Asia, they found a cheap flight to HK through one of the booking sites (zuji.com.hk / momondo / skyscanner etc). Overall, we recommedend you to book your tickets as early as possible in order to take advantage of the early bird prices. Make sure you book your return flights before your accomdation’s contract expires! We saw a lot of the exchange students flying back to their home countries right after they completed their last exam, while there were some who decided to stay in Hong Kong for a while or travel around Asia. Be aware that it is often cheaper to book roundtrip flights, instead of just one-way ticket. Housing HKUST will provide on-campus housing for all exchange-in students and you can apply for one of the 9 undergraduate halls. The provided rooms on campus are either twin bedrooms or triple bedrooms for exchange students and you can choose to stay with a local, an exchange student or a student you know from BI. The rooms are relatively small compared to the rooms you in Oslo or at BSN in Nydalen. You will be allotted with a mini refridgerator which you have to share with your roommate, your own study desk, a revolving fan which is attached on the ceiling and an air-condition. In Hall I-VI, you will have to share bathrooms with everyone in the floor you live in. In Hall VII to IX, you will only have to share a bathroom with three other people, which are your roommates. Air-condition will be useful during warm, humid seasons, which will start around early April. It is necessary because it will prevent your room from receiving humidity problems. Some exchange students began to see mold on their belongings due to excessive humidity in the room. In order to use the air-condition, you will have to add value into your air-condition account with your student ID card. Another alternate is that you can choose to find a place on your own if you don’t want to live on campus. Since the exchange semester’s duration is only four months, it is not recommended to seek an apartment near HKUST. The rental price in Hong Kong is high and also pretty pricey to find a good place for such a short term. The on-campus housing is way cheaper than what you can find on your own, with a housing-tuition of about 5330 – 7350 HKD (4264 – 5880 NOK) approximately for the entire semester. Costs In Hong Kong, the cost of living really depends on the way you spend. In general, lecture books are a lot cheaper than in Norway (about half price). The food can be found in two of the canteens and they are cheap as a meal will usually cost from 20 to 30 HKD. There is a new place called Ebeenzers where you can find good kebab and the price range is from 20 HKD to 40 HKD. Off campus you can find a broad variety of food for all kinds of prices depends on your preference. Transportation is very convenient and cheap as well. Make sure to get yourself a student Octopus card, which will allow you to purchase meals on campus, drinks at 7-eleven, and all modes of transporation (half-price as well), such as the MTR, busses and taxies. Since HKUST is located far from downtown, a taxi ride from HKUST to downtown will cost approximately 100 HKD. An MTR/bus ride will cost approximately 8 – 10 HKD. Culture and language All the business faculty staffs and the professors speak fluent English, thus communicating with them was not a problem. However, there were occasion where some of the staff members from other departments, including security guards and people who work at the dorms, struggled in speaking English and getting their words acrossed. The university also offers language courses in Mandarin, a great experience but very demanding. Since local students are fairly kept to themselves, a great way to get to know them more is to choose to share room with them in the Hall, however be aware that their hours are very different and they hardly sleep at all. The culture in Hong Kong is basically a fusion between the West and the East. One can easily see the English influence in the architecture and there is a reason why numerous of people are able to communicate in English. However, there is also a rich Chinese culture side of Hong Kong once you experience the streets outside of main downtown. You will get a culture shock once you see how the students study in HKUST and how the people live their life in Hong Kong, and this experience can really broaden your international experience and allow you to become more open-minded. II. ABOUT THE SCHOOL The school is situated in Clearwater Bay which is a 30 min cab drive from Central Hong Kong. The surroundings of the school are magnificent with beautiful landscape and the ocean. You do not feel like you are in one of the biggest cities in the world studying at this school. The school consists of academic buildings and a lot of housing buildings. The academic buildings lies on top of the hill, while all the student halls are situated in the hillside. Down by the ocean you will find nice beach areas, indoor and outdoor swimming pools, a big artificial soccer pitch, a smaller soccer pitch, basketball courts etc. The school different divisions are business, science and technology. The study structure is very similar to American Universities where you take a 4-year bachelor, or if you pick the right courses, you can take a 3-year bachelor. Course registration Students will be able to register for the courses they want online prior to arrival. This can be a little tricky, and you should know which course you want before the process starts. When school starts there is a 2 week add/drop period, where you can change classes if you don’t like the ones you have. The most popular classes is difficult to get in the add/drop period because they are often full. Thus, we advise you to start extremely early in order to get into the courses you want. Academic calendar Arrival date: First day of the semester: Last day of classes: Examination period: Any special events/holidays: Other: 25.01.13 01.02.2013 16.05.2013 30.05.2013 Chinese New Year, Spring break In spring semester there are a lot of free days Arrival When you arrive in Hong Kong, it is common that your buddy will pick up at the airport, if this is something you want. The prodecure for checking in at school and into your dorm is also very convenient. Sadly there isn’t an introduction week like Fadderuka, but the exchange students have a lot of fun together. The only thing the school provides is a culture tour around the city. If you have any concerns you can speak with your contact person or your “buddy” at campus, and they will assist you. If your buddy cannot help you, there is the international office that can help you. The in-coming exchange coordinator is very helpful and she will guide you through the whole process when sorting out with the important packages and any inquiries related to school. From our experience, they were very helpful towards us. To promote BI and Norway in our stay we participated the exchange fair at school. We had to decorate our banner and answer the locals’ inquiries regarding BI. Social activities In social activities you definitely get the best relationship with other exchange students and international full-time students at the school. It’s difficult to get to know local students on a personal level because they are very shy and extremely committed to school. While for westerner students’ university-life is very much about social life and probably a little less on school. However, this is not the case in Hong Kong. The relationships with the other exchange students was great and we participated in a lot of exciting activities together. On Wednesdays we would usually go to the Horse Race in Happy Valley to bet on horses or just relax with friends and after that head over to Wanchai to celebrate the night. On the weekends we would head over to Lan Kwai Fong where we can meet other exchange people from other schools and have a great time there. We would also spend time exploring Hong Kong such as TST, Central and Causeway Bay. In addition, there are numerous of student organizations at the school, but most of these groups’ main language is Cantonese. III. ACADEMICS Hong Kong University of Science and Technology is well recognized for its academics and is regarded as one of the best business schools in Asia, in addition to being ranked number 1 according to QS rankings 2012. Everything from the teachers to the course materials were top class. The way school runs is very similar to high school in Norway or how Universities are in America. Everything was lectured in English, thus communication was not a factor problem. We would not say that it was much tougher then BI, but just very different as the workload is a lot higher and class participation actually counts. This means you won’t be able to do anything you want in HKUST, you actually have to attend class and pay attention to each lecture. In addition, in regards to exam, at BI we only have one exam in each subject each semester that counted as 100% of your grade. However, in Hong Kong, one will be evaluated all the time. You will be evaluated on your mid-term, your projects, presentation, including your participation level in class. Relationship professor-student is one unique thing in this university, where you really can get to know your professor. The relationship with other students is also good, but it can also get a little ugly sometimes because of the competition for the best grades. Usually your classmates will be reluctant in helping you. We only used books and articles in our classes in Hong Kong. However, majority of the teachers prefer that you use their Power Points slides instead. They will also provide a lot of extra material if you are interested in reading more about the subjects. Mandatory course material is much less than what you are used to in BI where you always have a big book in each subject. The grading system at HKUST is everything from presentations, case studies, group homework, in-class participation, in-class quizzes, participation on-line, mid-terms and finals. This depends very on which class you choose. Many of the management/marketing classes have group assignments, but no final exam. These classes have a steady work load through the semester. Finance, accounting, operations, economics classes often emphasize more on the midterm and final exam. What kind of grading process depends very on the courses you choose. Library and technology Library facilities at the school are excellent. You have one main library, which has 5 floors and one of the floors is opened 24/7 during mid term and final exam periods. Most of the international students study at a place called the Learning Commons or LC. The rest of the floors is where all the locals study. There are rooms designated for people who want to study and rooms designated for Mac computers and Window computers. There is also one printing/computer room that is packed with computers. The school have both Bloomberg and Reuter’s terminals. Description of courses Course code & name ECON 4384 Globalization: Trade, Investment and Exchange Rate MARK 4210 Strategic Marketing Master/ Bachelor Bachelor Exam form Prerequisites Approved as Midterm: 2 hour written exam Final Exam: 3-hour written exam Micro and Macro Mandatory Bachelor Midterm and Final Exam: 2-hour written exam Consumer Behavior Mandatory ISOM 2700 Operational Management Bachelor MGMT 3120 Managerial Leadership Bachelor MGMT 3140 Negotiation Bachelor MGMT 4220 Entrepreneurship and Small Business Studies FINA 3104 Investment Analysis and Portofolio Managment Bachelor Bachelor Midterm and Final Exam: 2 hour multiple choice exam Midterm and Final Exam: 2 hour written exam None Elective/Man datory None Elective Midterm and Final Exam: 2 hour written exam Group project None Elective None Elective Midterm and Final Exam: 2 hour written exam Finans 1 Elective ECON 4384 Globalization: Trade, Investment and Exchange Rate This course is fascinating, though very heavy and in-depth as students would receive homework basically each week and the final exam is accumulative. Even though the course is relatively strenuous, the course teaches you how a central bank operates and the reason for why we trade. The professor had a slight local accent, thus it was difficult to comprehend what he was teaching, thus the textbook is your savior. The course is heavy, so it is recommended to attend every class and pay close attention to every lecture. MARK 4210 Strategic Marketing This course is very interesting as it teaches students how to successfully and strategically market your products. The professor is very entertaining as he loves to find ways to make the subject fun by creating quizzes and games. However, if you do not like numbers, do not pick this class as it requires calculation, but they are relatively easy. If you want to major in marketing, I strongly recommend this subject. ISOM 2700 Operational Management This course is an introductory course, thus it was not difficult and you can achieve a decent grade. Students are taught a lot about the supply chain management, for example the just-intime principle, calculating the re-ording time, finding the bottleneck, and other operational models. Overall, this course was fascinating and practical. MGMT 3120 Managerial Leadership This course provides students the foundation on how to become a great leader in our current competitive world. The course can be dull at some points where the professor was feeding us common sense rather than practical/beneficial knowledge that we could use in our future work. On the other hand, there were moments when the lecture was interesting as the professors would share us her experience when she encountered leadership problems. Overall, this course is not demanding and the lecture’s level of interest can fluctuate. MGMT 4220 Entrepreneurship and Small Business Studies This is a course where you basically learn how to write a business plan. The professor graduated from Stanford and is really good, but very strict. Class discussion, video analysis, presentations and group projects are some of the learning techniques he uses. Entrepreneurs in Hong Kong is also invited as guest speakers to share their experience and knowledge about starting up a business. Very inspiring and interesting. FINA 3104 Investment Analysis and Portofolio Management This course provides you with general knowledge about investment models and strategies. Securities and derivative securities, such as futures and options, are also covered. The lecturer is a very smart man who always provides real life examples and interesting stories from the world of finance. MGMT 3140 Negotiation The professor is a well-known person at HKUST and has been awarded several awards at the university for his untraditional methods of teaching and interesting speeches. Definitely a course you should apply for, but it can be hard to get in. It is mainly an oral course, and lectures are usually negotiations and discussions. Our Final Note on HKUST Best 4 months of our lives! If you have the opportunity to go on exchange, we strongly recommend you to choose HKUST. The experiences and the activities we participated in were outstandingly fun and the contacts we gained were valuable. This exchange semester also really helped us broaden our perspective on life, especially on students’ study life here in Hong Kong! We know for one that we would not mind working in Hong Kong because the lifestyle here is incredibily amazing as there is always something to do and that the city actually never sleeps. In addition, the country is culturally multidiverse, thus you always meet new and interesting people from all over the world. If you have any further inquiries, please do not hesitate to contact us through the International Office!