Master of Quantitative Finance

Note

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 postgraduate 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 tailored for both aspiring and established quantitative finance professionals seeking to navigate the evolving financial landscape marked by accelerated financial innovation, the emergence of new risks, and major regulatory changes.

Through this course, you will obtain core competencies in financial instruments, derivative securities, quantitative risk management, quantitative portfolio analysis and interest rate and credit risk modelling, underpinned by a strong foundation in probability theory, stochastic analysis, financial econometrics, and numerical and computational methods.

Through a capstone project, you’ll apply your theoretical learning to an industry-relevant problem on financial valuation, risk management, portfolio optimisation and model implementation or validation. 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 nine subjects that have been specifically designed for this degree and that are frequently updated to keep pace with industry need.

Students engage with the in-depth study of derivative securities, financial market instruments, probability theory, credit risk, market risk, and numerical and computational methods, among others. They also learn to apply their theoretical learning to industry-relevant assignments in areas such as risk management, valuation of financial instruments, hedging of risks and model implementation.

Admission requirements

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

Applicants must have one of the following:

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent, in Mathematical Sciences, Physics and Astronomy, Civil Engineering, Electrical and Electronic Engineering and Technology, Banking, Finance, Economic and Econometrics, or a related field of study

OR

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent, with a strong mathematical background awarded at honours level

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 one of the following:

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent, in Mathematical Sciences, Physics and Astronomy, Civil Engineering, Electrical and Electronic Engineering and Technology, Banking, Finance, Economic and Econometrics, or a related field of study

OR

• Completed Australian bachelor's degree or higher qualification, or overseas equivalent, with a strong mathematical background awarded at honours level

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