Master ofFinancial Mathematics
Overview
UQ’s Master of Financial Mathematics is designed to equip you with sophisticated mathematical and computational techniques to measure and manage risk in the financial marketplace.
You'll study the pricing of financial contracts such as financial and real options, management of investment portfolios, capital adequacy requirements for financial institutions, valuation of firms, optimal capital management and optimal contracting.
The program offers you a practical and flexible curriculum that you can tailor to your interests and career goals through a range of elective courses, including Computation in Financial Mathematics, Financial Calculus, Machine Learning, Financial Risk Management, and Econometrics of Financial Markets.
You'll also be able to experience financial markets first-hand with an industry placement project, applying your knowledge and skills while working in sectors such as banking, energy trading or superannuation.
With a Master of Financial Mathematics qualification from UQ you’ll be highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms and trading companies.
Program highlights
- Learn cutting-edge computational methodology, mathematical modelling and stochastic methods in finance to identify strategic investment or business opportunities, manage portfolios and price financial products.
- Benefit from UQ’s strong connections with industry and government and experience the financial markets first-hand with an industry placement.
- Build on your background in mathematics, commerce or economics/econometrics.
How you'll learn
Your learning experiences are designed to best suit the learning outcomes of the courses you choose.
- Lectures
- Tutorials
- Work placements
- Research experience
What you'll study
At UQ, degrees are called 'programs' and subjects are called 'courses'. Here's a sample of the courses you could study in this program:
- Introduction to Software Engineering
- Calculus and Linear Algebra I
- Mathematical Probability
- Financial Mathematics
Career possibilities
Postgraduate study can take you anywhere. Here are some of the careers you could be on your way to:
- Investment banker
- Retail banker
- Market risk manager
- Financial planning manager
- Data scientist
- Quantitative analyst
- Financial product developer
- Credit risk analyst
- Revenue manager
- Stockbroker
Graduate salary
Science and mathematics (postgraduate)
compared.edu.au
I was fortunate to conduct my industry research project at Suncorp Group, where I applied the techniques I was learning in the classroom to develop machine-learning models to assess retail credit risk. UQ has lots of opportunities for students to meet and network.
I was fortunate to conduct my industry research project at Suncorp Group, where I applied the techniques I was learning in the classroom to develop machine-learning models to assess retail credit risk. UQ has lots of opportunities for students to meet and network.
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Entry requirements
Entry requirements
It's possible to complete this degree in 2 years or 1.5 years depending on your qualifications and experience.
You can apply for any duration as long as you meet the entry requirements. You may also be eligible to apply forcredit or exemptionsto shorten your degree further. You'll graduate with the same qualification no matter how long you take to complete the degree.
2-year degree (32 units of study)
To be eligible to complete the degree in 2 yearsfull-time (or part-time equivalent)full-time (only available as full-time study), you'll need:
- a bachelor's degree (or equivalent) in any discipline with first-year, university-level mathematics (including single-variable and multi-variable calculus, ordinary differential equations, and linear algebra), or
- a graduate diploma (or equivalent) in financial mathematics, or
- to have successfully completed 3 years of study towards an approved qualification at an overseas partner institution, with a formal pathway to the Master of Financial Mathematics.
You must have a grade point average (GPA) of 5.0 on a 7-point scale in your previous qualification.
1.5-year degree (24 units of study)
If you have relevant prior learning or experience, you can reduce the number of courses you need to complete and graduate in less time.
To be eligible to complete the degree in 1.5 yearsfull-time (or part-time equivalent)full-time (only available as full-time study), you'll need:
- a bachelor's degree (or equivalent) in mathematics, or
- a bachelor's degree (or equivalent) majoring in mathematics.
You must have a grade point average (GPA) of 5.0 on a 7-point scale in your previous qualification.
Related programs
Depending on your previous qualifications and current goals, you might want to consider
one of these related programs:
English language requirements
IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6. For other English Language Proficiency Tests and Scores approved for UQ
TOEFL iBT (including Paper Edition) - Overall 87, listening 19, reading 19, writing 21 and speaking 19.
PTE Academic - Overall Score of 64 and 60 in all sub bands.
BE - A minimum overall grade of 4 plus a minimum grade of C in all macro skills.
CES - Overall 176 and 169 in all sub bands.
OET is not accepted.
There are other ways to meet the English language requirements. For some programs, additional conditions apply.
Student visas
International students who are accepted into full-time study in the Master of Financial Mathematics are eligible to apply for an Australian student visa (subclass 500).
There are a number of requirements you must satisfy before a visa is granted, including the Genuine Student (GS) requirement.
Fees and Scholarships
Indicative annual fee
Approximate yearly cost of tuition (16 units). Your fees will vary according to your selected courses and study load. Fees are reviewed each year and may increase.
$7,910
2024
Fee information for 2025 is not yet available. Fee information displayed is for 2024.
$7,910
2025
Approximate yearly cost of full-time tuition (16 units). Your fees will vary according to your study load. Fees are reviewed each year and may increase.
AUD $50,560
2024
Fee information for 2025 is not yet available. Fee information displayed is for 2024.
AUD $50,560
2025
Government assistance
Financial aid
As an international student, you might be eligible for financial aid – either from your home country, or from the Australian Government.
HECS-HELP
Domestic places in the Master of Financial Mathematics are Commonwealth Supported. This means the cost of your education is shared between you and the Australian Government.
Instead of tuition fees, Commonwealth Supported students pay what are called student contribution amounts.
HECS-HELP is an Australian Government loan scheme to assist eligible students with the cost of their student contribution amounts.
Centrelink support
The Australian Government offers a number of income-support payments to eligible Australian university students.
Scholarships
You may be eligible for more than 100 scholarships, including:
How to apply
Applying online
All international applications should be submitted to UQ. If you prefer, you can use an approved UQ agent in your country.
The program code for the Master of Financial Mathematics is5573.
This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.
When you apply, select your preferred duration. If you don't meet the requirements for your first preference, we'll automatically consider you for entry into a longer duration.
Find out more about applying for postgraduate coursework study
Applying online
All domestic applications should be submitted to UQ.
The program code for the Master of Financial Mathematics is5573.
This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.
When you apply, select your preferred duration. You can also ask us to consider you for a longer duration if you don't meet the entry requirements for your first preference.
Find out more about applying for postgraduate coursework study
Important dates
The closing date for this program is:
- To commence study in semester 2 - May 31 of the year of commencement.
- To commence study in semester 1 - November 30 of the previous year.
To learn more about UQ dates, including semester start dates,view the Academic Calendar.
Important dates
The closing date for this program is:
- To commence study in Semester 1 - January 31 of the year of commencement.
- To commence study in Semester 2 - June 30 of the year of commencement.
To learn more about UQ dates, including semester start dates,view the Academic Calendar.
Aboriginal and Torres Strait Islander applicants
For support with applying – or if you have any questions about university life – get in touch with our Aboriginal and Torres Strait Islander Studies Unit.
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