Accessibility Skip to Global Navigation Skip to Local Navigation Skip to Content Skip to Search Skip to Site Map Menu

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 plus either an applied or research project
  • Applicants with a mathematically oriented degree and normally with 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:

  • Professional practitioners in the field of Finance; or
  • Academic researchers in the discipline of Finance

This qualification is designed for people seeking a career in the finance industry or for financial specialists in non-financial firms. 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. In particular, strong abilities are required in the following areas:

  1. Be familiar with the meanings and values of the constants π and e
  2. Be comfortable in working with functions and equations
  3. Be able to perform mathematical operations by using high-school algebra: Pascal triangle, multiplication and factorization, root of a quadratic equation
  4. Have a good understanding of basic university-level calculus: definitions of differential and integration, some basic rules, integration by parts and Taylor expansion
  5. Have a good understanding of basic statistical distributions: standard normal, non-standard normal and lognormal distributions
  6. Be comfortable in working with probability density function (mass) of a continuous (discrete) random variable
  7. Be comfortable in building and solving mathematical models for a real-world problem
  8. Be comfortable in working with linear regressions
  9. Be comfortable in working with some econometrical models: ARCH and GARCH

If you complete the Applied Project (FINC501) 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 (FINC580) you will also have the ability to design and pursue a large project of independent research and consider a Master of Commerce (MCom) or a Doctor of Philosophy (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:

  • FINC 402 Advanced Corporate Finance
  • FINC 403 Studies in Capital Markets
  • FINC 405 Mathematical Finance
  • FINC 406 Advanced Empirical Finance
  • FINC 410 Advanced International Financial Management 
  • FINC 411 Financial Risk Management (Not offered in 2019)
  • FINC 420 Energy and Carbon Finance
  • FINC 425 Governance Issues in Finance
  • FINC 460 Fixed Income (Not offered in 2019)
  • FINC 499 Special Topic: Applied Financial Econometrics (Not offered in 2019)
  • Any other FINC paper between 401
  • ACFI 459 Advanced Research Methods
  • BSNS 401 The Environment of Business & Economics

Plus one of the following project papers:

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.

  • FINC 402 - Seminars and directed reading
  • FINC 403 - Seminars and directed reading, working with data using SAS and other tools
  • FINC 405 - Lectures and class exercises including discussions, supported by readings
  • FINC 406 - Lectures including discussion and interactions supported by readings, plus lab sessions to learn the SAS programmes
  • FINC 410 - Lectures including discussion and group work supported by readings
  • FINC 411 - Lectures and directed reading
  • FINC 420 – Lectures, directed readings and interactive class discussion
  • FINC 425 – Seminars, directed readings, class discussions and presentations
  • FINC 460 - Lectures supported by reading
  • FINC 499 - Seminars and direct reading
  • ACFI 459 - Lectures, discussions, use of data sets, practice writing literature review and research proposal as well as presentation
  • BSNS 401 - Lectures, readings, discussions and role play, taught by a multidisciplinary team
  • FINC 501 - Readings, group seminars, individual investigations and supervised applied project support
  • FINC 580 - Readings, group seminars, individual investigations and supervised research project support

Contact

For further information about the MFinc please contact the programme coordinator:
Dr Helen Roberts
Tel +64 3 479 8072
Office CO 3.42
Email helen.roberts@otago.ac.nz
Department of Accountancy and Finance