Finance

Entry requirements

Admission to the programme shall be subject to the approval of the Pro-Vice-Chancellor (Commerce). Applicants must either be a graduate, normally with qualifications requiring a total of at least four years of tertiary study, or have 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.

If your first language is not English you need to meet our English language requirements as follows: IELTS score of 6.5 in the academic module (with no individual band below 6.0); we also accept a number of other English language tests. Due to COVID-19, we currently accept Duolingo English Test (DET), IELTS Indicator Test, and TOEFL iBT Special home Edition.

Don’t meet the English language requirements? The University of Otago Language Centre English for Otago programme offers a pathway for Undergraduate and Postgraduate students to meet the English language requirements for undergraduate and postgraduate study.

Months of entry

February, July

Course content

The Master of Commerce (MCom) degree allows for the development of individual research. Starting with a sound background of coursework, students will have the opportunity to contribute to existing fields or to begin to develop new areas of research.

The MCom can be pursued by a combination of papers and thesis, or by thesis only. Students who have a good Bachelor's degree (or equivalent qualification) will complete the MCom by papers and thesis (at least two years' full-time study). The first year consists of a selection of papers leading to a Postgraduate Diploma in Commerce (PGDipCom). Students who have a good Honours degree or a PGDipCom (or equivalent qualification) can complete an MCom by thesis only (minimum one year).

Finance at Otago

Finance is a modern and fascinating discipline dealing with money, markets and valuation, that is relevant to all aspects of business and personal and professional planning. Professionals in finance are involved with a myriad of issues in investments, planning and risk. The subject is often confused with accounting. However, while both deal with money and value, accounting is concerned with systems of control, and recording and reporting the results of historical transactions. By contrast finance is concerned with the relationship between investor expectations about the future and current market values. By focusing on markets the subject can also be confused with economics. However economics deals with broad issues of resource allocation, whereas finance focuses more narrowly on how markets value risk and the implications for investment, financial planning, shareholder wealth and corporate governance.

Two recent trends have fuelled the value of finance as a mature, globally recognised profession and underpin its relevance for the 21st century. The first is the world-wide move to deregulation and the opening of markets which has coincided with an almost universal appreciation of the importance of capital and investment for growth and prosperity. The second is the rush of theoretical developments in the discipline which has provided the tools to manage risk and return. The impact has been extreme. There are few businesses today that are not acutely aware of the significance of markets and financial planning for their viability.

Information for international students

Otago offers students an unrivalled campus experience and a vibrant, social student culture. The majority of Otago’s 21,000 students live, work and play in Dunedin - New Zealand’s only true university city. Otago is home to over 3,000 students, from over 100 countries.

Fees and funding

New Zealand is a relatively affordable country to live in. Dunedin, being a student-focused city, has living and entertainment options for all budgets.

Students are eligible for the University of Otago International Research Master's Scholarship.