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Master of Finance

The Otago Business School's Department of Accountancy & Finance offer the Master of Finance degree for students who wish to gain advanced financial skills and knowledge, while also enhancing their career prospects.

Key Information about the Master of Finance (MFinc):

  • 12 month (February to February) full time study.
  • Seven taught papers + either an applied or research project
  • Applicants with a mathematically oriented degree and normally have achieved an average grade of B+ in the papers satisfying the final year major subject requirement for that degree are encouraged to apply
  • Applicants with relevant practical experience may also be considered if the B+ average is not met

Master of Finance (MFinc)

The MFinc is a coursework masters degree consisting of taught papers and either an applied or research project, which will equip you to be either:
a) Professional practitioners in the field of Finance
b) Academic researchers in the discipline of Finance

The study options within the degree are designed to offer a number of pathways for you depending on your academic background and career aspirations. The primary pathway is for strong graduates of mathematically-oriented degrees such as mathematics and statistics, physics and economics to gain a finance qualification.  This qualification is designed for people seeking a career in the finance industry or for financial specialists in non-financial firms.

As a graduate of the MFinc if you complete the Applied Project (BSNS 501) option you will have a wide range of career opportunities in commercial and investment banks, brokerage and investment firms, insurance companies, treasury departments of non-financial corporations, regulatory agencies, consulting and accounting firms. If on the other hand you complete the Research Project (BSNS 580) you will in addition have the ability to design and pursue a large project of independent research and consider MCom or even PhD in finance.

Degree Structure

The programme of study shall consist of seven 20 point taught papers together with a 40 point applied project or research project.  Papers are either taught in semester one, semester two or are full-year papers.
You must complete seven of:

  • FINC402 - Advanced Corporate Finance
  • FINC403 - Studies in Capital Markets
  • FINC405 - Mathematical Finance
  • FINC406 - Advanced Empirical Finance
  • FINC410 - Advanced International Financial Management
  • FINC411 - Financial Risk Management
  • FINC460 - Fixed Income
  • ACFI459 - Advanced Research Methods
  • BSNS401 - The Environment of Business & Economics

Plus one of the following project papers:

  • BSNS501- Applied Project
    or
  • BSNS580 - Research Project

Teaching Style and Methods

Papers within the MFinc will be taught using a mixture of lectures, lab classes, and tutorials, as specified below. In all papers, teaching and learning is done not just through contact time, but also through non-contact time, including a range of assessments.

  • FINC402 - Seminars and directed reading
  • FINC403 - Seminars and directed reading, working with data using SAS and other tools
  • FINC405 - Lectures and class exercises including discussions, supported by readings
  • FINC406 - Lectures including discussion and interactions supported by readings, plus lab sessions to learn the SAS programmes
  • FINC410 - Lectures including discussion and group work supported by readings
  • FINC411 - Lectures and directed reading
  • FINC460 - Lectures supported by reading
  • ACFI459 - Lectures, discussions, use of data sets, practice writing literature review and research proposal as well as presentation
  • BSNS401 - Lectures, readings, discussions and role play, taught by a multidisciplinary team
  • BSNS501 - Readings, group seminars, individual investigations and supervised applied project support
  • BSNS580 - Readings, group seminars, individual investigations and supervised research project support

Graduate Profile

The University of Otago coursework masters programmes were initiated to provide you with an opportunity to specialise in advanced study with a focus on either applied practical or academic research.

Graduates of the Master of Finance will:

  1. Have full understanding of financial theory, including its most recent developments.
  2. Have mastery of the statistical, computing and mathematical techniques required to conduct analyses of financial instruments and markets.
  3. Have the ability to undertake independent research, at an applied or theoretical level, involving various areas of financial management and practice.
  4. Be able to design and develop coherent, relevant and appropriate research questions (applied or theoretical).
  5. Have the ability to think logically, analytically, and critically with reference to the academic and/or practice-based literature in their chosen discipline and related business area.
  6. Be able to evaluate the implications of their research findings (applied or theoretical), reaching well-reasoned conclusions and making soundly based recommendations on the problem being investigated.
  7. Be able to demonstrate an awareness of ethical issues and have the ability to deal with these issues appropriately in the course of their research and business practice.
  8. Have written communication skills to a high standard and appropriate to the audience, whether academic or professional.
  9. Have an understanding of how their academic and business skills relate to society and, where appropriate, use these to contribute to wider society, and to Māori development aspirations.
  10. Have an awareness and understanding of the international business world from a multicultural perspective.

Contact

For further information about the MFinc please contact the programme coordinator:
Dr Scott Chaput
Tel 64 3 479 8104
Office CO 3.18
Email: finance.postgrad@otago.ac.nz
Department of Accountancy and Finance