Study Finance at Otago

Why study Finance?

Every person and every organisation raises and spends money. Finance examines the theory and practice of this process, with particular attention to the measurement and management of risk. It’s about deciding how money is allocated in the real world.

Finance is both a science and an art – a science because it systematically analyses information and uses it to make and test
predictions; an art because these activities are not exact and there is frequently no “right” answer.

Finance deals not only with the measurable, “quantitative” aspects, but also with the unmeasurable, in which intuition and experience play a strong role. Skills in these areas are invaluable in the workplace.

Above all, Finance is exciting. You will often have to make swift decisions concerning large amounts of money and resources.

Background required

There are no required subjects for studying Finance at Otago, but students who choose Finance usually have an interest in making decisions about managing and allocating money and resources. It’s helpful if you’ve studied Economics, Accounting, Mathematics or Statistics at school, but these are not essential.

Career opportunities

The range of careers in finance is wide and varied, and well-paid. Graduates work in planning and budgeting, portfolio management, investments, securities, trading, risk management and foreign currency trading. They are employed by government departments, the education sector, banks, insurance companies, investment banks, accounting firms, stockbroking firms and many others.Because a Finance degree is relevant to economic structures worldwide, it is highly exportable. There are many job opportunities overseas, and Otago graduates compete well in international markets.

Finance at Otago

Finance is a major of the three-year Bachelor of Commerce degree programme and is taught within the Department of Accountancy and Finance.

Finance is very different from accountancy and economics. Finance is decision-oriented and focuses on how individuals allocate resources through time, either inside an organisation (e.g. corporate finance) or outside it (e.g. investments). Economics provides the intuition that guides financial decisions, while accounting reports and monitors the results of financial decisions, as well as providing the information on which financial decisions are based.

Within the Finance degree, you will learn about components of the financial system and about the institutions and financial instruments that facilitate the transfer of funds between individuals, businesses and organisations.

The degree covers practical aspects such as the concepts of value creation, required rates of return, financial mathematics, capital budgeting, capital structure and dividend policies. You will also learn about fixed income securities, options and futures, shares and simple techniques for hedging risk, portfolio diversification and portfolio evaluation.

As you progress through the degree, and perhaps into postgraduate study, you will have the opportunity to specialise in those areas of finance that particularly interest you.

Teaching style

Finance is taught in lectures and tutorials. You may be asked to write individual essays and reports, work on cases, complete group project work, give presentations and sit exams.

Double major/degree options

Many subject areas complement finance and will strengthen your degree, including Accounting, Business Law, Economics, Mathematics, Statistics, Law and Information Science.

Qualifications

Explore your study options further. Refer to enrolment information found on the following qualification pages.

• Bachelor of Arts and Commerce (BACom)
• Bachelor of Commerce (BCom)
• Bachelor of Commerce and Science (BComSc)
• Bachelor of Commerce with Honours (BCom(Hons))
• Diploma for Graduates (DipGrad)
• Postgraduate Diploma in Commerce (PGDipCom)
• Master of Accounting and Finance (MAccFin)
• Master of Commerce (MCom)
• Master of Finance (MFinc)
• Doctor of Philosophy (PhD)

Key information for future students

• Domestic students
• International students

Contact us

Department of Accountancy and Finance
Otago Business School

Email accountancyfinance@otago.ac.nz
Website otago.ac.nz/accountancyfinance

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Regulations on this page are taken from the 2022 Calendar and supplementary material.