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Universities Australia University of Queensland- Saint Lucia Courses Master of Financial Mathematics

Master of Financial Mathematics
at University of Queensland- Saint Lucia

Saint Lucia, Australia

Tuition Fee AU$ 42,992
Country Rank-
Duration24 Months
Score IELTS: 6.5 TOEFL: 87

Program 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.

Course Content
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
Complete 32 units for either of the following:
- 32 units from MFinMath - 2 year duration, or
- 32 units from MFinMath - 1.5 year duration (24 units of study and 8 units for prior learning)
MFinMath - 2 year duration

Complete 32 units comprising:
- 8 units from MFinMath Foundational Courses, and
- 6 units for all MFinMath Core Courses, and
- 4 to 8 units from MFinMath Research Project Courses, and
- 10 to 14 units from MFinMath Program Elective Courses
MFinMath Foundational Courses

Complete 8 units comprising:
- 4 units for all Foundational Compulsory Courses, and
- 4 units from Foundational Flexible Courses
Foundational Compulsory Courses

Complete 4 units for ALL of the following:
- Introduction to Software Engineering
- Applied Mathematical Analysis
Foundational Flexible Courses

Complete exactly 4 units from the following:
- Finance
- Calculus & Linear Algebra II
- Mathematical Probability
A student must complete no more than 8 units of Foundational courses.

MFinMath Core Courses

Complete 6 units for ALL of the following:
- Financial Mathematics
- Computation in Financial Mathematics
- Financial Calculus
MFinMath Research Project Courses

Complete 4 to 8 units from the following:
- Project or Thesis
- Project or Thesis
- Project or Thesis
- Minor Project A
- Minor Project B
- Mini Project A
- Mini Project B
MFinMath Program Elective Courses

Complete 10 to 14 units from the following:
- Machine Learning
- Numerical Methods in Computational Science
- High-Performance Computing
- Applied Econometrics for Macroeconomics and Finance
- Corporate Finance
- Portfolio Management
- Measure Theory
- Further Topics in Operations Research
- Operations Research & Mathematical Planning
- Numerical Linear Algebra and Optimisation
- Functional Analysis
- Probability Models & Stochastic Processes
- Students may complete up to 4 units of other courses approved by the associate dean (academic).
MFinMath - 1.5 year duration (24 units of study and 8 units for prior learning)

Complete 32 units comprising:
- 6 units for all MFinMath Core Courses, and
- 4 to 8 units from MFinMath Research Project Courses, and
- 10 to 14 units from MFinMath Program Elective Courses, and
- 8 units from approved recognised prior study and/or work experience
MFinMath Core Courses

Complete 6 units for ALL of the following:
- Financial Mathematics
- Computation in Financial Mathematics
- Financial Calculus
MFinMath Research Project Courses

Complete 4 to 8 units from the following:
- Project or Thesis
- Project or Thesis
- Project or Thesis
- Minor Project A
- Minor Project B
- Mini Project A
- Mini Project B
MFinMath Program Elective Courses

Complete 10 to 14 units from the following:
- Machine Learning
- Numerical Methods in Computational Science
- High-Performance Computing
- Applied Econometrics for Macroeconomics and Finance
- Corporate Finance
- Portfolio Management
- Measure Theory
- Further Topics in Operations Research
- Operations Research & Mathematical Planning
- Numerical Linear Algebra and Optimisation
- Functional Analysis
- Probability Models & Stochastic Processes
Students may complete up to 4 units of other courses approved by the associate dean (academic).

Students with 8 units of reduced program duration may not complete foundational courses.

approved recognised prior study and/or work experience

Complete exactly 8 units from the following:
- RPDCR70088 units
- Prior Learning (8)
Entry Requirement
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 (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 (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.

GPA equivalent

Select where you studied and your qualification to see the GPA equivalent you need to be considered for this program.

Use the GPA equivalent as a guide. When you apply, we’ll calculate your GPA using the UQ grading scale. Any failing grades will be included. Entry requirements are subject to change.

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.
Student visas
International students who are accepted into full-time study in the Bachelors of Engineering (Honours) / Biotechnology 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 & Scholarships
Indicative annual fee
Approximate yearly cost of full-time tuition (16 units). Your fees will vary according to your selected courses and study load. Fees are reviewed each year and may increase.

AUD $42,992

Financial aid
As an international student, you might be eligible for financial aid – either from your home country, or from the Australian Government.
Career Prospect
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

Cost Of Studying At University of Queensland- Saint Lucia

Interest rates as low as 8.9% ^*

250K+

Students Assisted

800Cr+

Loan Amount Disbursed

5000+

Loans Sanctioned

Check Loan Eligibility

Master of Financial Mathematics at University of Queensland- Saint Lucia