Program Overview

Master of Financial Engineering

The Master of Financial Engineering (MFEng) is a postgraduate degree that equips students with industry-level skills and knowledge in financial engineering. This cross-disciplinary field combines financial and economic theory with mathematical and computational tools to design and develop financial products, portfolios, markets, and regulations.

Introduction

Financial engineering is a field that manages financial risk, identifies market opportunities, designs and values financial or actuarial products, and optimizes investment strategies. The MFEng program is designed for students with a good background in mathematics and statistics, providing them with technical skills and knowledge to perform at a high level in the financial industry.

Entry Requirements

To enroll in the Master of Financial Engineering, students should have:

• A bachelor's degree with a B+ Grade Point Average in 300-level courses
• Completed specified 200-level MATH and STAT courses (or equivalent courses)
• Been approved to enroll If English is not the student's first language, they must also meet the University's postgraduate language requirements.

Degree Structure

The MFEng program consists of 180 points, made up of coursework and an applied research project. The program is taught over two semesters, followed by project work, and can be completed in 1 year full-time or up to 3 years part-time.

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

Fees

Domestic Students

• 2025 tuition fee estimate: $13,559 (180 points)
• 2026 tuition fee estimate: $14,372 (180 points)

International Students

• 2025 tuition fee estimate: $62,100 (180 points)
• 2026 Special Programme Fee: $56,850 (180 points)
• 2027 Special Programme Fee: $59,400 (180 points)

Student Services Levy (SSL)

• 2025 SSL: $9.72 per point ($1,166.40 per 120 points)
• 2026 SSL: $10.30 per point ($1,236.00 per 120 points)

Career Opportunities

Graduates of the Master of Financial Engineering will be prepared for the international workplace in the finance industry and related fields. They will be capable of high-level performance in areas such as banking, investment, capital industries, security, data analysis, risk management, and insurance, as well as the public sector. The degree also provides a foundation for further study in Financial Engineering to attain positions at higher technical levels.