Master of Financial Engineering
Financial engineering is a cross-disciplinary field combining financial and economic theory with the mathematical and computational tools needed to design and develop financial products, portfolios, markets, and regulations. Financial engineers manage financial risk, identify market opportunities, design and value financial or actuarial products, and optimise investment strategies.
For students with a good background in mathematics and statistics, this new Master of Financial Engineering (MFEng) will equip you with industry-level skills and knowledge, and provide opportunities to apply those skills. By directly linking real-world problems in financial engineering to an underlying theoretical framework, graduates will be capable of high-level performance in the financial industry.
The MFEng is part of a suite of qualifications for students who want to gain a breadth and depth of technical skills and knowledge across the key disciplines of finance and economics, mathematics and statistics, and computer science and software engineering.
Normally the minimum requirement is a three-year bachelor’s degree from a New Zealand university, or a qualification or combination of qualifications considered to be equivalent. If you gained your qualifications overseas, these will need to be assessed to make sure they are of an equivalent standard. You are also required to meet UC’s English language requirements.
Qualification specific requirements
Every candidate for the degree of Master of Financial Engineering, before enrolling in the course of study for this degree, should have:
- qualified for a university degree with a B+ average in 300-level courses; and
- completed specified 200-level MATH and STAT courses, or equivalent courses; and
- been approved as a candidate for the degree by the Dean of Science.
Students who have minimal statistics and finance backgrounds may be required to take FIEC 601 Quantitative Finance and Economics in January-February before enrolling.
For the full entry requirements see the Regulations for the Master of Financial Engineering or use the admission requirements checker.
Qualification structure and duration
Students are required to complete 180 points, made up of coursework and an applied research project. The programme is taught over two semesters plus a project. It can take between 12 and 24 months to complete.
Subjects and courses
- STAT 456 Time Series and Stochastic Processes
- MATH 412 Optimisation
- FINC 612 Derivative Securities
- FINC 623 Advanced Derivative Securities
- COSC 480 Computer Programming
- 30 points from MATH and STAT 400-level courses
- 15 points from FINC 624, FINC 628, FINC 629 or other FINC 600-level courses as approved by the Head of the Department of Economics and Finance
- 15 points from MATH/STAT or FINC 400 or 600-level courses.
- FENG 601 Applications of Financial Engineering
For full details see the Regulations for the Master of Financial Engineering.
How to apply
Find out more about how to apply for graduate and postgraduate qualifications.
UC Master of Financial Engineering graduates will be ready for the international workplace in the finance industry and related fields. They will also be well prepared for further study in Financial Engineering in order to attain positions at higher technical levels.
Employers range from private industries, such as banking, investment, capital industries, security, data analysis, risk management and insurance, to the public sector (eg, Reserve Bank, The Treasury or regulatory bodies).
- Read what other UC postgraduate students have gone on to achieve in their studies and careers in our student and graduate profiles.
- Our Careers, Internships & Employment team can help you to achieve the career you want, connect with employers or find a job.
- For research into career destinations by qualification, visit the Universities New Zealand website.
- Find out more about what you can do with a degree from UC.
- Come along to an upcoming information event for prospective postgraduate students.
For full requirements see the Regulations for the Master of Financial Engineering.
For study planning help contact the College of Science:
College of Science
University of Canterbury
Private Bag 4800