Master of Science in Financial Engineering (MFE)

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Program Overview

 

The Master of Science in Financial Engineering (MFE) at Africa Business School (UM6P) is designed to equip the next generation of financial professionals with advanced quantitative skills, cutting-edge technology expertise, and deep understanding of global financial markets.

This program bridges the gap between academic rigor and practical application, preparing graduates to tackle complex financial challenges in an increasingly digital and sustainable economy.

Whether you aspire to work in investment banking, risk management, fintech innovation, or regulatory affairs, this program provides the foundation for success in the rapidly evolving financial sector.

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DURATION

2 years (4 semesters)

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CREDITS

120 ECTS

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LANGUAGE

English

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DEGREE AWARDED

MSc in Financial Engineering – Africa Business School, UM6P

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LOCATION

Rabat & Benguerir (Morocco)

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ACCREDITATION

State-recognized

Key Figures

 
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UM6P ranked among the Top 4 Universities in Africa

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Over 36% international students

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90% Employment Rate – Class of 2024 (within 6 months)

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6-month internship in Morocco and across the world

Program Highlights

 
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Global Standards, African Relevance

The first program of its kind in Africa, combining international excellence with local financial realities.

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Multidisciplinary Curriculum

Integrating finance, mathematics, actuarial science, data science, regulation, and sustainability.

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Quantitative Rigor, Practical Insight

Hands-on training through case studies, simulations, and coding labs.

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Professional Immersion

Internships, applied projects, and mentorship with leading banks, insurers, and regulators.

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Research & Innovation Hub

Embedded within the Center of Excellence in Finance (CEFI), linking students to research and industry projects.

Learning Outcomes

 

Graduates of the MSc in Financial Engineering will be able to:

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Apply Advanced Quantitative Methods

Apply advanced quantitative and computational methods to financial problems.

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Design Financial Products

Design financial products and risk models integrating AI, machine learning, and sustainability principles.

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Navigate Regulatory Environments

Navigate complex regulatory environments (Basel, Solvency II, ESG).

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Develop Innovative Solutions

Develop innovative financial solutions for digital and sustainable economies.

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Communicate Insights

Communicate analytical insights effectively to diverse stakeholders.

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Demonstrate Ethical Leadership

Demonstrate ethical leadership and responsible decision-making.

Program Structure

 
1

SEMESTER 1

FOUNDATIONS

  • Statistical Methods & Data Science
  • Probability Primer
  • Python Programming for Financial Engineering
  • Organizational Behavior & Leadership
  • Foundations of Finance & Financial Markets
2

SEMESTER 2

CORE QUANTITATIVE & FINANCIAL

  • Stochastic Processes & Calculus
  • Derivatives: Pricing & Hedging
  • Actuarial Science I
  • Optimization & Computational Methods
  • Sustainable Finance
3

SEMESTER 3

ADVANCED APPLICATIONS

  • Asset-Liability Management (ALM)
  • Quantitative Risk Management & Regulation
  • Portfolio Management
  • Interest Rates & Cross-Currency Derivatives
  • Actuarial Science II
4

SEMESTER 4

PROFESSIONALIZATION

  • 6-month Internship (Morocco or abroad)
  • Applied Research Project
  • Incubation Project within UM6P ecosystem

Campus Life

 

A vibrant student community

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Student Participation

60%+ student participation in clubs & initiatives

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Flagship Clubs

African Consulting Club (ACC), Climate Awareness Club (CAC), International Association of Students in Agricultural and Related Sciences – Morocco (IAAS), Africa Business Unit – Junior Enterprise (ABU-JE)

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Annual Events

40+ events yearly: bootcamps, innovation labs, social projects.

 

Career Opportunities

 
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Employment Rate

90% employed within 6 months

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Career Support

Personalized career coaching & mentoring

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Networking Events

Career Fairs, networking events & executive talks. Partner sectors: consulting, finance, agribusiness, innovation, tech & sustainability

Graduates are prepared for careers as:

  • Quantitative Analyst / Financial Engineer
  • Risk Manager / Actuary
  • Portfolio Manager / Asset-Liability Specialist
  • Financial Data Scientist / Consultant
  • PhD or Research Analyst in Quantitative Finance

Global Exposure

 

Learning Without Borders

International academic exchange and immersion programs.

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Study Exchanges

Short-term exchanges and study tours across continents

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Global Partners

Partner institutions across Europe, Africa & Asia

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Global Experts

Visiting Faculty and global thought leaders

 

Soft Skills & Personal Growth

 

Beyond Academics

Developing leaders with both expertise and emotional intelligence

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Core Modules

Modules on communication, leadership, teamwork & negotiation

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Workshops

Workshops on adaptability, critical thinking & personal branding

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Mentorship & Civility

Mentorship & civility programs promoting ethics & empathy

 

The UM6P Advantage

 

Research • Innovation • Global Network

Access to cutting-edge labs, startups & thought leadership

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Cutting-Edge Labs

Access to state-of-the-art research facilities and innovation hubs

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Startups & Thought Leadership

Connect with emerging startups and industry thought leaders

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Key Themes

  • AI & Digital Transformation
  • Climate Action
  • Entrepreneurship
  • Leadership in Africa
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UM6P Ecosystem

Powered by the UM6P ecosystem of innovation and research

Admissions Process & Fees

 

Eligibility

  • Bachelor’s degree in mathematics, engineering, physics, computer science, economics, or related quantitative fields
  • Strong analytical and technical skills
  • English proficiency

Selection Process

  • Online Application (CV + Motivation Letter)
  • Aptitude Interview with Faculty and Industry Experts

Key Dates

Applications Open

January 2026

Application Deadline

April 2026

Program Start

September 2026

Tuition & Financial Aid

Annual Tuition: 75,000 MAD

Scholarships: Merit-based scholarships and financial aid available for outstanding candidates