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Master of Finance, MFinc

  • Application Deadline
  • 12 months
    Duration
University rank #176 (QS) Dunedin, New Zealand
The Master of Finance at University of Otago will equip students to be either professional practitioners or academic researchers in the field of Finance.

Overview

The Master of Finance at University of Otago 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.

Programme Structure

  • 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.

Detailed Programme Facts

  • More details:

    Applications close 31 October but late applications, not requiring evaluation for credit, may be considered until 10 December.

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Credits
    180 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Get a free IELTS practice test
  • Minimum required score:

    95

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    587

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®

Academic Requirements

  • This programme does not recognise GRE® scores.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • Entrance requirements for postgraduate study vary by programme with most requiring a minimum bachelor-level qualification in the same field, and some having additional requirements such as relevant work experience and/or professional registration in New Zealand. 
  • A postgraduate certificate or postgraduate diploma can usually be taken at any time after the completion of your bachelor's degree.
  • If you hold an honours degree or postgraduate diploma you may be able to eligible for master’s study by thesis only. In some cases if you hold a bachelor’s degree you may apply for a coursework master’s degree or for master’s study by coursework and thesis.

Tuition Fee

  • International

    28656 USD/year
    Tuition Fee
    Based on the original amount of 28661 USD for the full programme and a duration of 12 months.
  • National

    5448 USD/year
    Tuition Fee
    Based on the original amount of 5452 USD for the full programme and a duration of 12 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • National: 8,028 NZD
  • International: 43,073 NZD

Living costs for Dunedin

  • 1000 - 2300 NZD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

The University offers a number of generous masters’ awards and doctoral scholarships (for PhD and other doctoral-level study). These scholarships are awarded on the basis of academic merit, research ability (where applicable) and suitability within the department. No interview is required. Students already receiving a full scholarship covering tuition fees and living costs are not usually eligible.

You can find out more about our scholarship options by visiting our scholarship page: https://www.otago.ac.nz/international/future-students/international-scholarships/

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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