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The Master of Finance (MFinc) will equip students to be either professional practitioners or academic researchers in the field of Finance.
The Master of Finance can be completed in one year of full-time study which consists of a selection of papers plus either an applied or research project. The programme allows for the development of individual skills and applied or theoretical research and investigation. Starting with a sound background of coursework, students will have the opportunity to contribute to existing or new fields of research (applied or theoretical).
Graduates who follow the option of completing an Applied Project (FINC 501) 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. Graduates completing the Master of Finance with a Research Project (FINC 580) will in addition have the ability to design and pursue a large project of independent research suitable to the PhD.
Starts February (semester 1).
Regulations for the Degree of Master of Finance (MFinc)
Admission to the Programme
- Admission to the programme shall be subject to the approval of the Pro-Vice Chancellor (Commerce).
- Every applicant must either
- be a graduate with a mathematically-oriented degree and normally have achieved an average grade of B+ in the papers satisfying the final year major subject requirements for that degree, or
- have equivalent alternative qualifications or experience acceptable to the Pro-Vice Chancellor (Commerce).
- In considering an applicant’s qualifications, regard will be had to the detail of the course of study followed to gain the qualification, as well as the applicant’s performance in the programme.
Structure of the Programme
- The programme of study shall consist of seven papers selected from FINC 401-460, FINC 499, ACFI 459 and BSNS 401, worth a total of 140 points, together with a 40-point applied project (FINC 501) or research project (FINC 580).
- A candidate may be exempted from some of the required papers described on the basis of previous study. Alternative papers will be required at an equivalent level of study.
- A candidate shall, before commencing the investigation to be described in the project, secure the approval of the Head of the Department of Accountancy and Finance for the topic, the supervisor(s) and the proposed course of the investigation.
- A candidate may not present a project which has previously been accepted for another degree.
- A candidate must pass both the papers and the project components.
Duration of the Programme
A candidate must normally complete the requirements for the programme in 12 months of full-time study.
Withdrawal from the Programme
- A candidate whose paper results are not satisfactory shall be required to withdraw from the programme.
- Where a candidate withdraws from the programme, whether voluntarily or otherwise, after completing the prescribed papers, the Pro-Vice-Chancellor (Commerce) may recommend the award of the Postgraduate Diploma in Commerce or determine which papers shall be credited towards the diploma.
Examination of the Research or Applied Project
- The report shall normally be assessed by two examiners internal to the University of Otago.
- Each examiner shall supply a written report and recommend a mark or grade on the basis of the report as submitted, and an overall result.
- Where there is disagreement regarding the result, the Programme Director should so report to the Pro-Vice-Chancellor (Commerce) or nominee who shall arrive at a decision after consulting a referee who should normally be external to the Department of Accountancy and Finance.
Level of Award of the Degree
The degree may be awarded with distinction or with credit.
The Pro-Vice-Chancellor (Commerce) may in exceptional circumstances approve a course of study which does not comply with these regulations.
Note: The due date for applications for first enrolment in the programme is 10 December. Late applications will be considered.