Master of Financial Mathematics, University of New South Wales

Sydney- Aus, New South Wales - Aus

19 Months

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About this course

The Master of Financial Mathematics at UNSW was introduced in 2007 to develop specialists in quantitative finance for the financial sector, including banks, insurance companies, and investment firms. The program emphasizes mathematical modeling used in managing investment portfolios, financial planning, pricing financial products, and risk analysis. It is designed for students with strong mathematical aptitude and interest in finance, offering a pathway into the financial industry. The program includes coursework in stochastic processes, financial modelling, and computational methods, complemented by a supervised research project that enhances problem-solving and reporting skills, preparing students for careers or further research in mathematical finance.

Why this course is highly recommended

This program is highly regarded because it combines rigorous mathematics with practical financial applications, making graduates valuable to a wide range of financial institutions and government agencies. UNSW's strong links with industry and research partnerships mean students can benefit from real-world problem-solving experiences and professional networking opportunities. The degree also provides transferable skills like logical thinking, problem-solving, and analytical reasoning, which are highly sought after by employers worldwide.

Specialisation

Course fees

Application fees

29.01L

1st year tuition fees

29.01L

Living cost

Degree requirements

Applicants must have completed a Bachelor of Mathematics or a Bachelor of Science majoring in mathematics or statistics, with a minimum weighted average mark (WAM) of 65 or above in relevant third-year courses. Advanced standing is available for honours graduates or those with a postgraduate diploma from UNSW, potentially reducing the study load by up to 48 units of credit. The program consists of core coursework, elective courses, and a research project, totaling 72 units of credit and can be completed in approximately 1.7 years full-time.

English language test

IELTS

6.5

PTE

TOEFL

DUOLINGO

Career prospects

Graduates of this program develop skills in portfolio management, financial product pricing, and risk analysis, which are highly valued in finance and government sectors. The program prepares students for careers in quantitative finance, academic research, and roles within institutions like the Australian Prudential Regulation Authority (APRA). Opportunities also exist in research positions within universities, the CSIRO, and defense organizations, as students with a drive for knowledge creation.

FAQs

What are the entry requirements for this course?

Applicants need to have completed a bachelor’s degree in mathematics or science with a major in mathematics or statistics, and have a WAM of 65 or higher in relevant third-year courses.

Can students receive advanced standing?

Yes, honours graduates or postgraduate diploma holders from UNSW can receive up to 48 units of credit, potentially completing the program faster.