Master of Financial Engineering

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 and software engineering.

Subjects and courses

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

Careers

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 P?tea Matua | Reserve Bank, Kaitohutohu Kaupapa Rawa | Treasury, or regulatory bodies).