Every student enrolling in the Master of Financial Engineering should have:
Students who have minimal statistics and finance backgrounds may be required to take FIEC 601 Quantitative Finance and Economics in January–February before enrolling.
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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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
Insurance/year: 700 NZD/per year
