Universities / University of Cape Town
Master of Financial Engineering (AIFMRM) (MFE)
An intensive, mostly mathematical one-year professional degree combining advanced maths, statistics, finance and computing. Replaced AIFMRM's earlier MPhil in Mathematical Finance; first cohort in 2023.
What you’ll study
Core
- Introduction to Financial Engineering
- Quantitative Finance Skills (preliminary)
- Mathematical Computing Skills (preliminary)
- Financial Instruments, Risk and Regulation
- Computational Finance I
- Computational Finance II
- Stochastic Finance I
- Financial Engineering Research
Source: commerce.uct.ac.za ↗
Before you apply
- Background
- Honours (or four-year equivalent) degree from a Faculty of Science, Commerce or Engineering
- Maths
- at least two years of university mathematics
- Other
- Merit-based, limited places; preliminary courses must be passed; application deadline 30 September
Source: commerce.uct.ac.za ↗
After graduation
- Typical first roles
- Technical roles in banking, insurance, asset management, consulting, trading
Source: commerce.uct.ac.za ↗
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Course names come from 2025 fee/curriculum documents via search, not the 2026 curriculum. No QuantNet ranking or forum threads found. Bursaries are mainly for South African citizens.
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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