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.
Our 1.5 year full-time 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
- Build on your background in mathematics, commerce or economics/econometrics.
- Benefit from UQ’s strong connections with industry and government and experience the financial markets first-hand with an industry placement.
- Tailor the curriculum to your interests and career goals by selecting from over 30 courses.
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:
- Finance
- Financial Mathematics
- Financial Calculus
- Computation in 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
- Data scientist
- Financial planning manager
- Stockbroker
- Financial product developer
- Credit risk analyst
- Business intelligence manager
- Funds manager
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.”
April ZhangGraduate, Master of Financial Mathematics
“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.”
April ZhangGraduate, Master of Financial Mathematics
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Prerequisites
Bachelor degree majoring in mathematics.
UQ or equivalent GPA of 5.5 or above on a 7 point scale.
Prerequisites
Bachelor degree majoring in mathematics.
UQ or equivalent GPA of 5.5 or above on a 7 point scale.
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 - Overall 87, listening 19, reading 19, writing 21 and speaking 19.
TOEFL PB - Overall 570, listening 54, reading 54, writing 59/5.
Pearsons - 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 temporary entrant (GTE) requirement.
Fees and Scholarships
Indicative annual fee
AUD $41,040
Indicative annual fee 2021
This indicative annual fee is the cost of enrolling in the Master of Financial Mathematics for the 2021 academic year. It is calculated based on a standard full-time study load (16 units per academic year).
If you enrol in a larger or smaller study load, your fees will be calculated on a proportionate basis. All fees are reviewed annually.
Indicative annual fee
AUD $32,960
Indicative annual fee 2021
This indicative annual fee is the average cost of enrolling in the Master of Financial Mathematics at 2021 fee rates. It is calculated based on a standard full-time study load (16 units per academic year).
The average fee would be less for part-time study. Actual fees will vary according to your choice of courses, their unit value and the time you take to complete this program. Fees may be higher in later years as all fees are reviewed annually.
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.
FEE-HELP
Domestic students who are accepted into the Master of Financial Mathematics pay tuition fees.
FEE-HELP is an Australian Government loan scheme to assist eligible students with the cost of their tuition fees.
Centrelink support
The Australian Government offers a number of income-support payments to eligible Australian university students.
Scholarships
Make your university experience more affordable with a scholarship. Opportunities include:
Scholarships
Make your university experience more affordable with a scholarship. Opportunities include:
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 5572.
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 5572.
Find out more about applying for postgraduate coursework study
Important dates
The closing date for this program is:
To learn more about UQ dates, including semester start dates, view the Academic Calendar.
Important dates
The closing date for this program is:
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 Uni - get in touch with our Aboriginal and Torres Strait Islander Studies Unit.
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