University
University of Canterbury
Master of Financial Engineering
This course is available
On-Campus
Level of Study
Master's Degree
Duration
1 year
Next start date
Expected
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.
How do I plan my degree?
Students are required to complete 180 points, made up of coursework and an applied research project. The programme is taught over two semesters, followed by the project work.
Subjects and courses
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
Career opportunities
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, The Treasury or regulatory bodies).
Start date: Monthly by arrangement with supervisor
Entry criteria
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 FIEC 601 Quantitative Finance and Economics in January-February before enrolling.
Applicants must also satisfy our English language entry requirements:
- IELTS (Academic): Minimum overall score of 6.5, with a minimum of 6.0 in reading, writing, listening and speaking.
- TOEFL (IBT): Minimum overall score of 90, with a minimum score of 19 in Reading, Listening and Writing.
- PTE (Pearson Test of English - Academic): Overall score of 58 and no communicative skills score below 50.
Application deadline: At least 6 months before the planned start date.
Studying in NZ
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