Master of Financial Engineering MFEng Featured Image

Universities New Zealand University of Canterbury Courses Master of Financial Engineering MFEng

Master of Financial Engineering MFEng

University of Canterbury

Christchurch, New Zealand

Tuition Fee NZ$ 60,000
Country Rank-
Duration12 Months
Score IELTS: 6.5 TOEFL: 90

Program Overview

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.

Course Content
In the MFEng you will complete 180 points, made up of coursework and an applied research project.

The programme is taught over two semesters, followed by the project work. It can take 1 year to complete, or up to 3 years part-time.

Compulsory courses
- STAT456 Time Series and Stochastic Processes
- MATH412 Optimisation
- FINC612 Derivative Securities
- FINC623 Advanced Derivative Securities
- COSC480 Computer Programming
Further courses
- 30 points from MATH and STAT 400-level courses
- 15 points from FINC624, FINC628, FINC629; 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
Research project
- FENG601 Applications of Financial Engineering

Entry Requirement

Every student enrolling in the Master of Financial Engineering should have:

qualified for a university degree with a B+ Grade Point Average in 300-level courses; and
completed specified 200-level MATH and STAT courses (or equivalent courses); and
been approved to enrol.

Students who have minimal statistics and finance backgrounds may be required to take FIEC601 Quantitative Finance and Economics in January–February before enrolling.

English language requirements for postgraduate qualifications

If you want to study towards a postgraduate qualification, eg a Postgraduate Diploma, Masters, or PhD you must have one of the following:

ENGLISH TEST	MINIMUM REQUIREMENTS
IELTS Academic	An average score of 6.5, with a minimum of 6.0 in reading, writing, listening and speaking
TOEFL iBT	Total minimum score of 90, minimum score of 19 in reading, writing and listening. Please note UC only accepts TOEFL iBT scores from a single test date, not MyBest scores.
TOEFL PBT	With a minimum score of 575 and TWE with a minimum score of 4.5
CCEL EAP	Level 2 with a minimum B+ grade
CAE or CPE	Score of 176 with a minimum of 169 in reading, writing, listening and speaking
Pearson Test of English (Academic)	PTE with an overall score of 58 and no PTE communicative skills score below 50
NZCEL	Level 5
FluentIQ	Overall mark of 8/10 with nothing less than a 7 being scored in a single category.
LanguageCert	C1 Expert IESOL (LRWS) with HIGH PASS
NZAPA	English New Zealand Accredited Pathway Assessment Level 3 (with no skill lower than Level 2)

Fees & Scholarships
FEES (NZD) 2022 180 $60,000
Career Prospect
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, Te Pūtea Matua | Reserve Bank, Kaitohutohu Kaupapa Rawa | Treasury, or regulatory bodies).

Cost Of Studying At University of Canterbury

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

Check Loan Eligibility