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    Master of Financial Mathematics
    Go to University of New South Wales
    University of New South Wales

    Master of Financial Mathematics

    University of New South Wales

    University of New South Wales

    flag

    Australia, Sydney

    University RankQS Ranking
    19

    Key Facts

    Program Level

    Master by Course Work

    Study Type

    Full Time

    Delivery

    On Campus

    Course Code

    058739M

    Credit point

    72 Points

    Campuses

    Kensington

    Program Language

    English

    Start & Deadlines

    Next Intake DeadlinesJuly-2025
    Apply to this program

    Go to the official application for the university

    Duration 19 month(s)
    Tuition Fee
    AUD 56,500  / year
    Next Intake July-2025

    Master of Financial Mathematics

    About

    Modern finance relies heavily on mathematical modelling to manage investment portfolios, financial planning, pricing of financial products and analysing business risk. The Master of Financial Mathematics was introduced in 2007 to provide the financial sector (banks, insurance companies, investment companies) with a stream of highly trained specialists in quantitative finance. This program is suitable for students with an aptitude for mathematics and a keen interest in finance, who are looking for a pathway into the financial industry.

    Learn with the best
    We’re ranked 1st in Australia and 44th in the world for mathematics.* As Australia’s largest and highest ranked school of mathematics and statistics, we provide comprehensive coverage of modern mathematics, underpinned by leading teaching and research.

    Leverage our industry connections
    Tap into our network of industry and research partners to start building your own professional connections. The School of Mathematics and Statistics maintains and attracts strong links with industry, from ongoing research collaboration to industry involvement in our teaching activities. Our researchers work in partnership with industry to solve real-world problems. This collaboration with industry includes Australian Research Council (ARC) Linkage Grants held by members of staff. Our industry links extend to our learning and teaching activities, with industry partners sponsoring some of our courses and degrees. Other links with industry are maintained through visiting appointments, consulting services offered by our staff and ongoing connections with our alumni.

    *QS World University Rankings by Subject 2024

    Requirements

    Entry Requirements

    For entry into this degree, you must have both:

    • Bachelor of Mathematics or Bachelor of Science degree with a major in mathematics and statistics
    • sufficient mathematical and/or statistical background, as indicated by a minimum weighted average mark (WAM) of 65 or above in level III mathematics and/or statistics university courses.

    In addition, you must have permission of the Head of School or Nominee to be admitted into the program.

    Advanced standing
    Honours graduates in mathematics or statistics from UNSW (or equivalent) may receive advanced standing of up to a maximum of 24 units of credit. This means you can complete the program with a further 48 units of credit (one year of full-time study).

    Students with a Graduate Diploma in Mathematics and Statistics from UNSW with a weighted average mark of 70 or more may receive advanced standing of up to a maximum of 48 units of credit. This means you can complete the program with a further 24 units of credit (0.5 year of full-time study).

    The specific advanced standing to be awarded will be determined at the time of admission and will be based on your background and previous study.

    English Program Requirements

    Faculty Undergraduate Postgraduate coursework Postgraduate research
    Medicine & Health

    6.5 overall (min. 6.0 in each subtest)

     

    Exceptions:

    • Bachelor of Nutrition/Master of Dietetics & Food Innovation: 7.0 overall (min 7.0 in each subtest)

    The following programs require 7.0 overall (min 6.0 in each subtest)

    • Bachelor of Medical Studies (BMed)/Doctor of Medicine (MD) including double degree
    • Bachelor of Exercise Science/Master of Physiotherapy & Exercise Physiology
    • Bachelor of Pharmaceutical Medicine/Master of Pharmacy
    • Bachelor of Applied Exercise Science/Master of Clinical Exercise Physiology

    6.5 overall (min. 6.0 in each subtest)

     

    Exceptions:

    • Graduate Certificate in Myopia Management:7.0 overall (min 6.0 in each subtest)

    6.5 overall (min 6.0 in each subtest)

    Career

    Future careers

    Mathematicians are trained to think logically and to approach problems in analytical and creative ways. Studying mathematics prepares you for a wide variety of careers as it equips you with the problem-solving, computing and communication skills that employers want.

    Skills in portfolio management, financial product pricing and analysis of business risk are highly regarded by finance industries. The Master of Financial Mathematics will prepare you for a successful career across the financial sector and government financial institutions.

    The handling of large amounts of money requires the use of sophisticated mathematical techniques to limit risk. The official regulator of the financial sector - the APRA - regularly advertises graduate opportunities.

    Academic and research positions within universities, the CSIRO and the Defence Science and Technology Organisation are available for those with the drive to discover new knowledge in mathematics.

    Fee Information

    Tuition Fee

    AUD 56,500 

    Application Fee

    AUD  
    University of New South Wales

    Master of Financial Mathematics

    University of New South Wales

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    Australia,

    Sydney

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