Master of Financial Engineering

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.
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 Pūtea Matua Reserve Bank, Kaitohutohu Kaupapa Rawa Treasury, or regulatory bodies).

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.