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Master of Financial Engineering MFEng

University Of Canterbury

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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.

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  Location

Christchurch, New Zealand

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  Course Duration

12 Months

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  Tuition Fee

NZ$ 60,000

 Score

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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