Master of Applied Finance
Why Study / Key Benefits
The Master of Philosophy (MPhil) is a research-based master's degree designed for students who want to undertake substantial independent research under academic supervision. The University describes the MPhil as having a status higher than other master's degrees but below the PhD. It is intended to recognise an original contribution to knowledge, although the expected scope is smaller than a doctoral thesis.
Key benefits include:
- A dedicated higher research degree rather than a conventional taught master's.
- Opportunity to investigate an approved research topic of substance and significance.
- Close supervision by University of Waikato researchers.
- Development of advanced research methodology and scholarly skills.
- Demonstration of intellectual independence.
- Production of an original contribution to the chosen research field.
- Access to research expertise across the University's faculties and schools.
- A potential pathway towards doctoral-level research for students who subsequently meet PhD admission requirements.
Programme Structure and Subjects / Topics
The MPhil is fundamentally a thesis-based research programme rather than a conventional taught master's with a fixed list of compulsory subjects.
The thesis must:
- Critically investigate an approved topic of substance and significance.
- Demonstrate expertise in research and scholarship methods.
- Display intellectual independence.
- Make an original contribution to the research area.
For Philosophy, the current 2027 subject regulations identify:
- PHILO800 – Philosophy MPhil Thesis — 120 points
- Level: 800
- Location: Hamilton
- Occurrence: 27X
- Research period: 1 March 2027 – 27 February 2028
The Philosophy MPhil thesis is therefore a single 120-point supervised research thesis rather than a collection of standard taught papers.
For example, the 2027 Philosophy subject area includes research interests such as:
- Moral and political philosophy
- Philosophy of mind
- Metaphysics
- Existence and the social world
- Ethics
- Biomedical ethics
- Environmental ethics
- Philosophy of religion
- Artificial intelligence ethics
- Critical thinking
- M?ori philosophy
- Jurisprudence and related philosophical questions
Disciplines / Specialisations
There is no fixed set of formal MPhil majors or specialisations.
The MPhil is available across the University's Faculties and Schools, allowing the research discipline to correspond to the applicant's proposed research and available supervisory expertise.
The University specifically lists the MPhil as a higher research degree available across areas including:
- Arts
- Business and Management
- Computer Science
- Design
- Education
- Engineering
- Environment
- Health
- Law
- M?ori and Indigenous Studies
- Mathematics
- Psychology
- Science
- Social Sciences
- Sport
Programme Highlights
Key MPhil highlights include:
- 120-point higher research degree.
- Research-focused rather than taught-course focused.
- Approximately one year of full-time research, although the University lists a 1–2 year duration.
- Supervised independent research.
- Thesis examined externally.
- Original contribution to the chosen research field.
- Access to research expertise across the University's Faculties and Schools.
- No conditional enrolment period.
- Potential preparation for further doctoral research.
- Current Philosophy MPhil research is represented by the 120-point PHILO800 thesis.
Career Outcomes
The MPhil is primarily a research qualification, so career outcomes depend strongly on the research discipline and the student's professional goals.
Potential outcomes include:
- University and academic research
- Research assistant or research officer roles
- Policy and analytical roles
- Think tanks and research organisations
- Government and public-sector research
- Specialist research roles in industry
- Consulting and evidence-based advisory work
- Professional roles requiring advanced analytical and research capability
- Further doctoral study, subject to meeting the relevant PhD admission requirements
Latest Updates / Special Requirements
The most important current requirements and updates are:
- The MPhil is a higher research degree and follows the University's higher research degree application process.
- A suitable supervisor must be identified before the formal application.
- An Invitation to Apply from a University of Waikato supervisor is required.
- Final admission requires University approval.
- Two academic referees are required as part of the higher research degree application process.
- Applicants are required to provide research-related supporting documentation.
- The University application checklist includes an academic CV, sample of academic writing, academic transcripts/certificates, passport, English-language evidence and supervisor Invitation to Apply.
- Applications for higher research degrees are considered monthly between February and November.
- The MPhil does not have a conditional enrolment period.
- Thesis submission and examination deadlines are handled individually for MPhil candidates rather than through the standard dissertation deadlines used for many taught master's degrees.
- The thesis is externally examined.
International Student Visa Requirements
An international student undertaking the MPhil in New Zealand will normally require a Fee Paying Student Visa unless another visa arrangement applies.
Immigration New Zealand currently states that the Fee Paying Student Visa:
- Costs from NZD 850.
- Can allow a stay of up to 4 years.
- Requires an offer of place from an approved education provider.
- Requires sufficient funds for tuition or an applicable scholarship.
- Requires sufficient funds for living costs or an acceptable sponsor.
- Requires acceptable medical and travel insurance.
- Requires applicants to meet health and character requirements.
- Requires a genuine reason for studying in New Zealand.
- Requires evidence that the applicant can leave New Zealand at the end of their stay.


