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Engineering and technology
Master of Financial Engineering
Master of Financial Engineering

Master of Financial Engineering

  • ID:UC640105
  • Level:Master's Degree
  • Duration:
  • Intake:
  • Type:Full-time

Fees (NZD)

  • TuitionFee/Year:$59,250.00
  • LivingFee/Year:$16,878.00
  • InsuranceFee/Year:$700.00
  • TuitionFee/Year:$59,250.00
  • LivingFee/Year:$16,878.00
  • InsuranceFee/Year:$700.00
Estimated Total/program:
$76,828.00
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60
Accept letter
100
Visa
20
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Admission Requirements

Entry requirements

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 by the Academic 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.

English requirements

  • IELTS: Academic with 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, with at least 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 C+ grade
  • CAE or CPE: minimum score of 176 with at least 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

Course Information

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.

More info: Click here

Compulsory courses

  • STAT 456 Time Series and Stochastic Processes

  • MATH 412 Optimisation

  • FINC 612 Derivative Securities

  • FINC 623 Advanced Derivative Securities

  • COSC 480 Computer Programming

Further courses

  • 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

Research project

  • FENG 601 Applications of Financial Engineering

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Pre Courses

No Course!
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Pathway Courses

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Career Opportunity

Career Opportunity

  • 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 | Te Pūtea Matua, The Treasury | Kaitohutohu Kaupapa Rawa, or regulatory bodies).

Ability to settle

Overseas Student Health Cover

Insurance/year: 700 NZD/per year

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