Want to understand the complexity of capital markets? How to manage different types of risks? Interested in achieving a challenging technical degree with flexible career opportunities?
Financial Engineering is a cross-disciplinary field combining financial and economic theory with the mathematical and computational tools needed to design and develop financial products, portfolios, markets, and regulations. Financial engineers manage financial risk, identify market opportunities, design and value financial or actuarial products, and optimise investment strategies.
Similar to other professional degrees at UC, the first year of the Bachelor of Science in Financial Engineering provides a breadth and depth of technical skills and knowledge across the key disciplines of finance and economics, mathematics and statistics, and computer science and software engineering.
This broad foundation is then built upon over the next two years, where you will undertake further core courses across these disciplines and can choose specialisations within Financial Engineering.
- This is the only programme directly targeted towards this career in Aotearoa New Zealand and echoes trends abroad in the UK, USA, and Europe. This subject was created in response to employer demand and international growth in Financial Engineering and related fields, like the wider actuarial and business analytics industries.
- The Bachelor of Science (BSc) major offers students a cross-disciplinary pathway across commerce, science, and engineering subjects, and utilises expertise from all these areas of strength at UC.
- This programme can be completed full or part-time and can be entered in either February or July of each year.
Previous study of mathematics (calculus and/or statistics) is recommended at Year 13 level.
For those who have not studied to that level, UC offers Headstart courses in January/February for students who have not studied mathematics or statistics for some time or who lack confidence in their skills.
UC offers a major in Financial Engineering as part of the Bachelor of Science.
Financial Engineering major
Students complete these courses throughout their degree for the Financial Engineering major:
- COSC 121 Introduction to Computer Programming
- COSC 122 Introduction to Computer Science
- ECON 104 Introduction to Microeconomics
- MATH 102 Mathematics 1A
- MATH 103 Mathematics 1B
- STAT 101 Statistics 1
ACCT 102 Accounting and Financial Information and INFO 125 Introduction to Programming with Databases are also recommended.
- ECON 213 Introduction to Econometrics
- FINC 201 Business Finance
- MATH 201 Multivariable Calculus
- SENG 201 Software Engineering I
- STAT 213 Statistical Interference
- FINC 203 Financial Markets, Institutions and Instruments or ECON 207 Intermediate Microeconomics – Households and Government
- STAT 211 Random Processes or STAT 221 Introduction to Statistical Computing Using R
INFO 213 Object-Oriented Systems Development is also recommended.
- FINC 331 Financial Economics
- STAT 317 Time Series Methods
- FINC 311 Investments or FINC 312 Derivative Securities
Plus at least one of:
- COSC 367 Artificial Intelligence
- ECON 324 Econometrics
- FINC 305 Financial Modelling
- FINC 345 The Economics of Risk and Insurance
- MATH 302 Partial Differential Equations
- MATH 303 Applied Matrix Algebra
- SENG 301 Software Engineering II
- STAT 314 Bayesian Inference
- STAT 315 Multivariate Statistical Methods
- STAT 318 Data Mining
UC Financial Engineering graduates will be ready for the international workplace in the finance industry and related fields mentioned above. They will also be well prepared for further study in this field in order to attain positions at higher technical levels.
Employers range from private industries, such as banking, investment, capital industries, security, data analysis, risk management and insurance, to the public sector (eg, Te Pūtea Matua | Reserve Bank, Kaitohutohu Kaupapa Rawa | Treasury, or regulatory bodies).
Graduates with the cross-disciplinary knowledge and highly technical skills provided by this degree will also have openings to a breadth of career opportunities, such as investment brokers, actuaries, statisticians, and data scientists.
Past graduates of the contributing departments from related paths of study have been employed by Macquarie Capital, Deloitte, BNY-Mellon, First NZ Capital, Te Pūtea Matua | Reserve Bank, Vero Insurance, Wynyard Security Group, and many government agencies like Kaitohutohu Kaupapa Rawa | Treasury, Tatauranga Aotearoa | Stats NZ, and Hīkina Whakatutuki | Ministry of Business, Innovation and Employment.
Find out more about what you can do with a degree in Financial Engineering.
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