The Master of Financial Engineering (MFE) has replaced the previous MPhil specialising in Mathematical Finance. The MPhil ran for ten highly successful years, garnering an increasing national and international reputation; the MFE is a continuation of this tradition.

The general teaching approach and key individuals remain the same. However, the change is motivated by a number of adjustments necessary to maintain the stature and applicability of the degree. There is a general refreshment of the curriculum, given modern academic and industrial trends, with the inclusion of software development and machine learning electives. The research component of the degree has been adjusted to be more professionally and practically orientated.

Applicants must select the Master of Financial Engineering degree when applying to study in the 2023 academic year.