New Zealand Education - Think New Logo


University of Canterbury
University of Canterbury logo

Master of Financial Engineering

This course is available


Level of Study

Master's Degree


1 year

Next start date

Expected Feb 2025


University of Canterbury


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


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).

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.

Applicants must also satisfy our English language entry requirements:

IELTS (Academic): 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, minimum score of 19 in reading, writing, and listening.
PTE (Pearson Test of English - Academic): PTE with an overall score of 58 and no PTE communicative skills score below 50.

Applications after the deadline date (8 December) will be considered if places are available.

Studying in NZ

Register nowSign in

Share this course

Share this course