Skip to menu Skip to content Skip to footer

You're viewing this site as a domestic an international student

You're a domestic student if you are:

  • a citizen of Australia or New Zealand,
  • an Australian permanent resident, or
  • a holder of an Australian permanent humanitarian visa.

You're an international student if you are:

  • intending to study on a student visa,
  • not a citizen of Australia or New Zealand,
  • not an Australian permanent resident, or
  • a temporary resident (visa status) of Australia.
You're viewing this site as a domestic an international student
Change

 

Call us

We have the answers to your postgraduate questions.

 

 Send an enquiry

Email us, and we’ll get back to you as soon as possible.

Enquire now

 

Find an agent

Find a UQ agent near you.

 

How to apply How to apply

 

How to apply

It’s easy, but there are a few things to consider.

Learn how to apply

Ready to apply?

Start today. Save for later if you need to.

Start application

 

Call us

We have the answers to your postgraduate questions.

 

 Send an enquiry

Email us, and we’ll get back to you as soon as possible.

Enquire now

 

Find an agent

Find a UQ agent near you.

 

How to apply How to apply

 

How to apply

It’s easy, but there are a few things to consider.

Learn how to apply

Ready to apply?

Start today. Save for later if you need to.

Start application

Glass skyscraper towering into the sky

Master of Financial 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.

Location
St Lucia
Duration
1.5 Years full-time (or part-time equivalent)
2 Years full-time (or part-time equivalent)
Start Semester
Semester 1 (19 Feb, 2024), Semester 2 (22 Jul, 2024)
Program Code
5573
AQF
Level 9
Location
St Lucia
Fees
A$48160
Duration
1.5 Years full-time (only available as full-time study)
2 Years full-time (only available as full-time study)
Start Semester
Semester 1 (19 Feb, 2024), Semester 2 (22 Jul, 2024)
Semester dates for 2025 are yet to be confirmed
Program Code
5573
CRICOS Code
079389K
AQF
Level 9

Program highlights

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.

1 in Queensland for accounting and finance

QS World University Rankings 2023

59 in the world for accounting and finance

QS World University Rankings 2023

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)

$81K–$100K

compared.edu.au

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 for credit or exemptions to 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 years full-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 years full-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

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.

Learn how to meet the English language requirements

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 temporary entrant (GTE) requirement.

Learn more about student visas

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

$7,910

2024

Learn more about postgraduate fees

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 $48,160

2024

AUD $48,160

2024

Learn more about postgraduate fees

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.

Learn more about financial aid

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.

Learn more about HECS-HELP

Centrelink support

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 is 5573.

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 is 5573.

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.

Contact the ATSIS Unit

Explore other programs

Computer Science (Management)

Master of Computer Science (Management)

St Lucia
2 Years full-time2 Years full-time
(or part time equivalent)
Commerce

Master of Commerce

St Lucia
Multiple durations availableMultiple durations available
International Economics and Finance

Master of International Economics and Finance

St Lucia
Multiple durations availableMultiple durations available
Bioinformatics Research Extensive

Master of Bioinformatics Research Extensive

St Lucia
Multiple durations availableMultiple durations available

Express yourself. And your interest.

They say choosing a degree is hard, which is why we've made it easy. Register your interest and we'll send you everything you need to know about applying to UQ.

Sign up for updates

Select your country and then enter your mobile phone number.

We will use your information to keep you informed about UQ programs, news, events and scholarships. By submitting this form, you consent to the terms of UQ's Marketing consent and privacy notice.