Universities / University of Canterbury
Master of Financial Engineering (MFE)
A one-year coursework masters combining stochastic processes, optimisation, derivative pricing and programming, finishing with an applied financial engineering research project. Prepares graduates for banking, investment and risk roles.
What you’ll study
Core
- STAT456 Time Series and Stochastic Processes
- MATH412 Optimisation
- FINC612 Derivative Securities
- FINC623 Advanced Derivative Securities
- COSC480 Computer Programming
- FENG601 Applications of Financial Engineering (research project)
Electives
- 30 points MATH/STAT 400-level
- 15 points FINC 600-level options
- 15 points MATH/STAT/FINC 400- or 600-level
Source: canterbury.ac.nz ↗
Before you apply
- Background
- Bachelor's degree with B+ average in 300-level courses
- Maths
- Specified 200-level MATH and STAT courses (or equivalent)
- English
- Must meet UC postgraduate English requirements (scores not stated on page)
- Other
- Approval to enrol; may need FIEC601 Quantitative Finance and Economics (Jan-Feb) if statistics/finance background is minimal
Source: canterbury.ac.nz ↗
After graduation
- Employers
- Banks, Investment firms, Risk management, Insurance, Reserve Bank, Treasury
Source: canterbury.ac.nz ↗
Want to see what employers ask for? Browse open quant roles.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.
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