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Get to the heart of finance
This degree combines the study of advanced finance theory with the option of completing the programme either by undertaking a Research pathway or a Professional pathway.
- Postgraduate, NZQF Level 9
- Research pathway: 1.5 years full-time
Professional pathway: 1 year full-time
Massey University’s Master of Finance is a detailed, specialised degree. It will give you the skills and knowledge to move to a higher level of seniority in your career.
What will you learn?
Your study will focus on finance, but help you put this specialty into the context of other business disciplines.
This qualification has a focus on real-world learning – you can utilise our relationships with industry to draw on your own work experience. You will also learn the application of techniques in environments like our our Trading and Investment Rooms – the first of their kind in New Zealand.
You will be taught by some of New Zealand's leading finance practitioners and will learn how to apply high-level in-depth research in the workplace.
The Master of Finance will also help develop your oral and written communication skills to the level expected of senior business leaders.
Massey University conducts an internationally recognised research programme in economics, finance, banking and property. We are also involved in or lead several renowned finance-related research centres.
- The 2020 Student Experience Survey results for this programme found that 86% of students on this programme were satisfied with the teaching they have received, 100% highlighted that teaching staff engaged them actively in learning, and 100% highlight that the programme has given them excellent “ability to work with others”.
- Between 2018 and 2021 the average number of students enrolled in the programme was 57 (headcount) and across the whole programme 84% of courses were successfully completed during 2020.
- The QS World University Ranking by Subject ranks Massey in the top 101-150 universities worldwide in this subject area.
Careers and further study
A 2017 Ministry of Education publication The post-study earnings and destinations of young domestic graduates, found that in New Zealand:
- young master’s graduates earn more than one and a half times more than the national median (five years after study)
- earnings and employment rates increase with the level of qualification completed
- five years after completion, the median earnings of young master’s graduates are 15% higher than for those with a bachelor’s degree.
New Zealand is a great place to study. Massey University’s reputation is supported by our international rankings, accreditations and associations. We are rated five star plus by the QS World University Rankings.
Massey University has small class sizes, and our lecturers and staff are friendly and approachable.
As an international student, there are entry requirements that will apply to you. We recommend that you apply at least three months before your anticipated start date so your application can be processed in time. There are additional steps you will need to take. These include obtaining a visa and travel bookings if your study is to be in New Zealand.
All students must meet university entrance requirements to be admitted to the University.
To enter the Master of Finance programme you will have been awarded or qualified for a relevant bachelor’s degree or equivalent qualification, with a minimum C+ grade average in the highest level courses.
If you have a Bachelor of Business Studies with Honours, or the equivalent degree of another recognised university, you may apply for credit towards Part One of the qualification in accordance with the limits specified in the Recognition of Prior Learning regulations.
You will provide verified copies of all academic transcripts for studies taken at all universities other than Massey University.
English language requirements
To study this programme you must meet Massey University's English language standards.
Prior learning, credit and exemptions
For information on prior learning, exemptions and transfer of credit or other questions:
- review the Recognition of Prior Learning regulations
- contact us through the Enquire button on this page.
If you do not have the entry requirements
English language and foundation courses
If you need help with your English language skills before you start university, we have courses and qualifications that may help.
Courses and planning
- Part One compulsory courses – 60 credits
- Part One courses selected from the Schedule – 60 credits
- Part Two compulsory courses – 60 credits
- Part One compulsory course – 30 credits
- Part One courses selected from the Schedule – 90 credits
- Part Two research report – 60 credits
Advanced entry: Those who have already completed specified qualifications in advance of the minimum entry requirements and have been granted credit for it, may be able to complete this degree in 60 - 120 credits.
This is a parts-based qualification. This means there are regulations around your completion of Part One before progressing to Part Two, etc.
Courses for this programme
SubjectsPlease refer to individual specialisation page for a list of courses for your specialisation.
Planning your programme
You must select either the professional pathway (Risk Analytics) or the research pathway (Financial Analytics and Research).
If you study full-time, you’ll take 120 credits per year or 60 credits per semester.
If you have passed 125.330 Advanced Business Finance or an equivalent course in your undergraduate degree, you will be exempt from 125.700 Managerial Finance but will be required to take 125.785 Research and Analytics in Economics and Finance in your first semester of study.
For progression from Part One to Part Two for the Master of Finance (Risk Analytics) (professional pathway), you must have achieved a minimum C+ grade average in the first 60 credits of study in Part One.
For progression from Part One to Part Two for the Master of Finance (Financial Analytics and Research) (research pathway), you must achieve a minimum B grade average in the first 60 credits of study, including a B grade for the course 125.785.
If you have a Bachelor of Business Studies with Honours, or the equivalent degree of another recognised university, you may apply for credit towards Part One of the qualification.
If you wish to complete a more in-depth master’s research project you may extend your degree out to 240 credits.
Maximum time limits for completion
There are maximum time limits to complete postgraduate qualifications. If you do not complete within the maximum time, you may be required to re-apply for the programme if you wish to continue your studies.
Time limits for Honours, Distinction and Merit
Where your qualification is completed within the stated time limit and to a high standard, you may be able to graduate with a class of Honours, Distinction or Merit.
- Look for information under ‘Student Progression’ in the General Regulations for Postgraduate Degrees, Postgraduate Diplomas and Postgraduate Certificates.
- Contact us through the Enquire button on this page if you have any questions.
Fees and scholarships
Fees and finance
Fees, student loans and free fees scheme
Your tuition fees may be different depending on the courses you choose. Your exact fees will show once you have chosen your courses.
There will also be some compulsory non-tuition fees and for some courses, there may also be charges for things such as study resources, software, trips and contact workshops.
- Get an estimate of the tuition fees for your qualification
- View a list of non-tuition fees that may be payable
Already know which courses you're going to choose?
You can view fees for the courses that make up your qualification on the course details pages.
Student loans (StudyLink) and Fees Free scheme
You may be eligible for a student loan to help towards paying your fees.
The New Zealand Government offers fees-free tertiary study for eligible domestic students. Find out more about the scheme and your eligibility on the Fees Free website. To use the site's eligibility checking tool, you will need your National Student Number.
Current and returning Massey students can find their National Student Number in the student portal.
A good fit if you:
- hold an undergraduate degree in finance
- wish to move up the hierarchy in finance-specific careers.
Meet our lecturers
Professor Ben Marshall’s research has been published in internationally respected academic journals. He has also had his work accepted by each of the top three finance conferences: American Finance Association (AFA), Western Finance Association (WFA), and the European Finance Association (EFA). His research interests include asset return predictability, quantitative investment techniques, market microstructure, commodities and liquidity.Prof Ben Marshall
MSA Charitable Trust Professor in Finance
Accreditations and rankings
Massey Business School is rated in the top 5% of global business colleges by AACSB International.
Massey University is part of the Chartered Financial Analysts Institute's (CFA's) University Affiliation Programme.
"We are very pleased to have the Master in Finance degree programme offered by Massey University as a member of GARP’s Partnership for Risk Education. "
William May, Senior Vice President – Global Head of Certifications and Educational Programs, GARP
Massey is ranked by QS (Quacquarelli Symonds) as one of the top 200 universities for accounting and finance.
Massey University is ranked by QS (Quacquarelli Symonds) as one of the top 300 universities for business and management.
Massey University is ranked #1 in New Zealand and in the top 150 universities globally for business administration and finance by ShanghaiRanking.
Key information for students
Compare qualifications and academic information across different New Zealand institutions.
Review this important information before you apply for this programme. This gives you full details of the rules and regulations about what you need to study and what you must achieve in order to graduate with this qualification. That includes structure, courses and requirements. These regulations should be read in conjunction with all other Statutes and Regulations of the University including the below.
Applying and enrolling
Applying for the programme
Check you are ready
If you are ready to apply, have a look at our application checklist. It will help you get prepared with what you need. Please also check the entry requirements carefully before you apply.
Choose your programme and click on Apply now
You will apply for the programme using the Apply now button on this page. You’ll also choose your specialisation (major, subject or endorsement) if applicable.
Some programmes have additional requirements such as the submission of a portfolio or CV. Click on Apply now and you will be able to submit those documents as part of the application process.
Receive and accept an Admission Offer of Place
You will receive an Admission Offer of Place when you have been accepted into the programme. You need to accept this before you can enrol in your courses. International students also need to pay their fees at this point.
Enrolling in courses
You’ll then get access to your own student homepage (also known as the student portal). This is where you can enrol in courses. Any updates on your application or enrolments will also be on your student homepage. Make sure you check this regularly.
When you choose courses, ensure you check for any requirements that apply including:
- prerequisites (courses you have to do before the one you are enrolling in)
- corequisites (courses you have to do at the same time as the one you are enrolling in)
- restrictions (courses that you cannot enrol in if you are completing or have completed another identified similar course)
- location – for instance some distance-based courses still have an on-campus element, so double check that the way the course is taught is suitable for your situation.
Each of our courses has its own webpage where you can find this information. You can use our course search to find course pages.
More information on courses is in the ‘Courses for this programme’ section on this page.
You can find information on application due dates and semester dates on the key dates page.
We look forward to welcoming you to Massey!
If you have any questions, contact us through the Enquire button on this page.
What are courses and credits?
What are courses and credits?
Each Massey programme is made up of courses (in some tertiary institutions they are called ‘papers’).
You will have some compulsory courses and some you can choose from.
Each course is worth a certain amount of credits (often 15 credits, but this does vary). You must gain a set number of credits to be able to graduate from this programme.
There may also be some rules about which courses you need to pass to progress to the next year, or stage, of your study (known as progression). There are also courses you must pass to graduate with a specialisation.
- See the ‘Courses for this programme’ section for the list of courses.
- Courses search
Understanding course numbers
The first three digits of our course numbers show you which subject the course is about.
The second three digits show you the level and course ID number. For instance:
- sub-degree courses are '0' (i.e. xxx.0xx)
- undergraduate study begins at 100-level, (i.e. xxx.1xx)
- as you progress through 200- and 300-level courses this number changes to 2 and 3 respectively. The higher the number that starts the second three digits, the higher the level of study.
|Subject area||Level||Course ID number|
Workload and time management
Use this tool to help determine how much time you will need each week to complete your studies.
For returning students, there may be changes to the majors and minors available and the courses you need to take. Go to the section called ‘Transitional Provisions’ in the Regulations to find out more.
In some cases the programme or specialisation you enrolled in may no longer be taking new enrolments, so may not appear on these web pages. To find information on the regulations for these programmes go to the Massey University Calendar.
Please contact us through the Enquire button on this page if you have any questions.
Scholarships and awards
Scholarships related to this programme
- FUJIFILM Business Innovation Global Student Exchange Scholarship
- FUJIFILM Business Innovation Postgraduate Bursary
- FUJIFILM Business Innovation Scholarship for Women
There are a number of scholarships available for new and current students. They could relate to your situation, achievement or interest.