Course details

Summary

Finance is a relatively new and rapidly growing discipline that examines the acquisition and allocation of financial resources. Where financial accounting measures past performance, Finance as a discipline is forward-focused. It is largely about future planning for firms or investors.

Finance consists of three interrelated subject areas:

• corporate finance studies how firms raise and efficiently utilise funds obtained from lenders and shareholders
• financial markets and institutions explores how the financial system facilitates the transfer of funds from savers and lenders to borrowers
• investment analysis studies how investors choose securities and asset classes for their investment portfolios.

All of these areas assess the trade-off between risk and reward and the valuation of both financial and capital assets.

The Postgraduate Diploma in Science offers those with some background in science the opportunity to undertake more advanced and in-depth study in a subject. The diploma is primarily coursework-based, but some courses allow for independent project work or research.

Qualification structure and duration

The PGDipSc is made up of four full-year courses or eight single-semester courses selected from a range of options. Normally the diploma must be completed in one year of full-time study, unless approval is granted for part-time enrolment from the Dean of Science.

Recommended preparation

If you are intending to major in Finance you are strongly advised to include math’s, statistics and modelling in your Year 13 programme. Although some previous study of accounting and economics can be useful preparation for the 100-level courses in these subjects, it is not essential to have studied them at secondary school.

Students with very good NCEA Level 3 results (or equivalent standard in another qualification framework) in mathematics and either economics or accounting may be offered direct entry to 200-level Finance courses at the discretion of the Head of Department.

Further study

This qualification is an ideal pathway into more advanced study. UC offers a number of scientific master's programmes as well as a Doctor of Philosophy.

Career opportunities

Today it would be rare for a person to rise to the position of chief financial officer (CFO) without a strong grounding in both Accounting and Finance. There are also many other career opportunities for Finance graduates, with typical jobs including: financial analyst, money market and foreign exchange dealer, loan analyst, equity analyst, risk analyst/manager, portfolio manager, financial planner, investment banker and small-business manager.

Entry criteria

Bachelor of Science or other bachelor's degree and approved undergraduate science courses. The precise prerequisites vary for each subject, but are normally good grades in 300-level courses.

Other English language requirements: TOEFL PBT with a minimum score of 575 and TWE with a minimum score of 4.5; CCEL EAP Level 2 with a minimum B+ grade; CAE or CPE score of 176 with a minimum of 169 in reading, writing, listening and speaking; Pearson Test of English (Academic) - PTE with an overall score of 64 and no PTE communicative skills score below 58.