Financial Mathematics

With capital markets and financial risk management becoming more quantitatively and computationally sophisticated, Financial Mathematics graduates are highly sought.

The University of Queensland’s masters program in Financial Mathematics has been designed to meet industry demand for skilled practitioners. It will prepare you for a career in banking, insurance, investment, utilities and mining, and in an increasingly broad range of industries in which aspects of contemporary financial markets – such as international exchange rates, futures contracts and options – play a significant role.

The program is tailored to build upon your background in mathematics, commerce or economics/econometrics, while developing essential skills in quantitative and computational analysis, mathematical modelling and stochastic processes.

You will graduate with a thorough understanding of the financial mathematics field and the skills for managing investment portfolios, developing financial products and pricing, and analysing business risk.

Equip yourself for a rewarding career in one of the fastest growing segments of the financial industry, or for entry into a higher research degree in financial mathematics.

Careers

Financial Mathematics graduates are highly sought after by investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms and trading companies. Career opportunities include:

• Investment banking

• Retail banking

• Insurance and actuarial

• Risk management in the electricity and mining sectors

• Funds management.

For the #24 Master of Financial Mathematics program:

#24 from the MFinMath list comprising -

Either -

For those students entering with a Mathematics background:

• (a) #8 from Part A; and
• (b) #8 for Part C; and
• (c) #4 from Part D; and
• (d) #4 from Part E.

OR

For those students entering with a Business/Commerce/Economics/Finance Background:

• (a) #8 from Part B; and
• (b) #8 for Part C; and
• (c) #4 from Part D; and
• (d) #4 from Part E.

For the #32 Master of Financial Mathematics program:

Either -

For those students entering with a Mathematics Background:

#32 from the MFinMath list comprising -

• (a) #8 from Part A; and
• (b) #8 for Part C; and
• (c) #8 from Part D; and
• (d) #8 from Part E.

OR

For those students entering with a Business/Commerce/Economics/Finance background:

For the #32 Master of Financial Mathematics program: #32 from the MFinMath list comprising -

• (a) #8 from Part B; and
• (b) #8 for Part C; and
• (c) #8 from Part D; and
• (d) #8 from Part E.

Part A

• The Macroeconomy
• Economics of Financial Markets
• Elements of Econometrics
• Applied Econometrics for Macroeconomics and Finance
• Finance

Or other courses as approved by the Executive Dean of Science, with the exception of level 6 courses administered by the Faculty of Business, Economics and Law (BEL), which require pre-approval by the Associate Dean (Academic) of the BEL.

Part B

• Numerical Methods in Computational Science
• Calculus & Linear Algebra II
• Applied Mathematical Analysis
• Probability & Statistics

Or other courses as approved by the Executive Dean of Science, with the exception of level 6 courses administered by the Faculty of Business, Economics and Law (BEL), which require pre-approval by the Associate Dean (Academic) of the BEL.

Part C

• Financial Mathematics
• Computation in Financial Mathematics
• Financial Calculus
• Probability Models & Stochastic Processes I

Part D

• Corporate Finance
• Portfolio Management
• Financial Risk Management
• International Financial Management
• Advanced Topics in Operations Research
• Operations Research & Mathematical Planning
• Measure Theory
• Advanced Statistics I
• Advanced Probability & Stochastic Processes I

Or other courses as approved by the Executive Dean of Science, with the exception of level 6 courses administered by the Faculty of Business, Economics and Law (BEL), which require pre-approval by the Associate Dean (Academic) of the BEL.

Part E

• Minor Project A
• Minor Project B
• Mini Project A
• Mini Project B
• Project or Thesis in Financial Mathematics
• Project or Thesis in Financial Mathematics

Bachelor's degree in Mathematics, or Bachelor's degree in Business, Commerce, Economics, Finance that covers relevant first year university level mathematics, or Bachelor's degree in an approved discipline with a significant mathematics component. Visa requirementsCRICOS Code: 079388MInternational students must undertake this program on campus at UQ on a full time basis to be eligible to apply for an Australian student visa. Please contact UQ International.English proficiency IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6. Internet based TOEFL test results are considered on a case by case basis English Language Requirements IELTS band: 6.5