University
University of CanterburyMaster of Financial Engineering
This course is available
On-Campus
Level of Study
Master's Degree
Duration
1 year
Next start date
Expected Feb 2027
Campus
Main Campus
Summary
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.
Subjects and Courses- STAT456 Time Series and Stochastic Processes
- MATH412 Optimisation
- FINC612 Derivative Securities
- FINC623 Advanced Derivative Securities
- COSC480 Computer Programming
- 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
- FENG601 Applications of Financial Engineering
Entry criteria
To enrol in the Master of Financial Engineering you should have:
- a bachelor's 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.
If you have a minimal statistics and finance background, you may be required to take FIEC601 Quantitative Finance and Economics in January–February before enrolling.
If English is not your first language, you are also required to meet UC's Postgraduate language requirements. See how to provide your English language evidence to UC. If you need help meeting these requirements, or would like to practise your English skills before studying, UC offers English for Academic Purposes (EAP) language programmes.
For the full entry requirements, see the Regulations for the Master of Financial Engineering or use the admission requirements checker.
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