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.
Christchurch, New Zealand
12 Months
NZ$ 60,000
IELTS: 6.5 TOEFL: 90
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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
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 (NZD) 2022 180 $60,000
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).
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