Master of Mathematics and Quantitative Finance

Note

Autumn intake is NOT available to international students.

Commonwealth Supported Places

There are a limited number of Commonwealth Supported Places (CSPs) available in this course, which are competitive and awarded based on merit. To be considered for a CSP, applicants must:

• Indicate their interest in a CSP on their application.
• Apply on time in line with CSP deadlines (it is recommended applicants apply early as applications are assessed progressively).

Eligible applicants must accept their offer by the lapse date to retain their place. For application deadlines and information, please refer to Postgraduate courses with Commonwealth Supported Places.

30% Postgraduate Scholarship

There is a 30% Postgraduate Scholarship available in 2025. Eligible students must commence one of the Master's quantitative finance courses in the Faculty of Science:

• C04373 - Master of Quantitative Finance; or
• C04418 - Master of Data Science in Quantitative Finance; or
• C04419 - Master of Mathematics and Quantitative Finance.

For more details, refer to the UTS Quantitative Finance Postgraduate Scholarship.

This course is designed for individuals from diverse academic backgrounds who wish to transition into a career in quantitative finance and professionals who are seeking to enhance their quantitative skills to solve contemporary and emerging problems in the financial industry.

This course starts with building fundamental quantitative skills through subjects on multivariable calculus, linear algebra, probability and statistics, and computer programming. You will then progress to advanced quantitative subjects covering competencies in areas like financial market instruments, derivative securities, risk management, and interest rate modelling, underpinned by a strong foundation in probability theory, stochastic analysis, and financial econometrics.

Learning occurs through a combination of current, industry-relevant subjects and hands-on experience, ensuring you stay abreast of market demands and gain the competencies needed for a cutting-edge career in quantitative finance. Upon completion, you will be well-equipped for a successful career in financial institutions, consulting, or government in roles such as quantitative analyst, data scientist, risk analyst, or investment analyst.

Course content is comprised of 14 subjects, including six from the internationally recognised UTS Master of Quantitative Finance. Students start by building core competencies in mathematics, statistics and computer programming before progressing to advanced concepts in financial market instruments, probability theory and risk management – crucial components of any quantitative finance career.

They also learn to apply their theoretical learning to industry-relevant assignments in areas such as derivative security pricing, valuation of financial instruments, and market and credit risk measurement and management.

Admission requirements

To be eligible for admission to this course, applicants must meet the following criteria.

Applicants must have the following:

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent

The English proficiency requirement for international students or local applicants with international qualifications is: IELTS Academic: 6.5 overall with a writing score of 6.0; or TOEFL iBT: 79-93 overall with a writing score of 21; or AE5: Pass; or PTE: 58-64 with a writing score of 50; or C1A/C2P: 176-184 with a writing score of 169.

Eligibility for admission does not guarantee offer of a place.

International students

Visa requirement: To obtain a student visa to study in Australia, international students must enrol full time and on campus. Australian student visa regulations also require international students studying on student visas to complete the course within the standard full-time duration. Students can extend their courses only in exceptional circumstances.

To be eligible for admission to this course, applicants must meet the following criteria.

Applicants must have the following:

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent

Eligibility for admission does not guarantee offer of a place.

• Quantitative Analyst and Researcher
• Investment Analyst
• Financial Data Scientist/Analyst
• Trader
• Financial Engineer
• Financial Risk Analyst
• Portfolio Manager
• Consultant