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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.

Location
St Lucia
Duration
1.5 Years (or part time equivalent)
Start Semester
Semester 1 (22 Feb, 2021), Semester 2 (26 Jul, 2021)
Program Code
5572
AQF
Level 9
Location
St Lucia
Fees
A$42688 (indicative per year)
Duration
1.5 Years
Start Semester
Semester 1 (22 Feb, 2021), Semester 2 (26 Jul, 2021)
Program Code
5572
CRICOS Code
079388M
AQF
Level 9

Program highlights

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.

1 in Queensland for accounting and finance

QS World University Rankings 2020

41 in the world for accounting and finance

QS World University Rankings 2020

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)

$76K–$87K

compared.edu.au

Entry requirements

Prerequisites

Bachelor of Mathematics; or

Bachelor degree majoring in mathematics.

UQ or equivalent GPA of 5.5 or above on a 7 point scale.

Prerequisites

Bachelor of Mathematics; or

Bachelor degree majoring in mathematics.

UQ or equivalent GPA of 5.5 or above on a 7 point scale.

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.

Learn more about English language requirements

Need help meeting the entry requirements?

We can help you meet the academic or English language requirements for your preferred program.

If you haven’t completed the prerequisites, we can help.

Learn about pathway options

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

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

Indicative annual fee

AUD $42,688

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.

Learn more about postgraduate fees

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.

Learn more about FEE-HELP

Centrelink support

Indicative annual fee

AUD $30,160

Indicative annual fee 2020

Fee information for 2021 is not yet available. Fee information displayed is for 2020.

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.

Learn more about postgraduate fees

Scholarships

Scholarships

How to apply

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 Uni - get in touch with our Aboriginal and Torres Strait Islander Studies Unit.

Contact the ATSIS Unit