Modern finance relies heavily on mathematical modelling to manage investment portfolios, financial planning, pricing of financial products and analysing business risk. The Master of Financial Mathematics was introduced in 2007 to provide the financial sector (banks, insurance companies, investment companies) with a stream of highly trained specialists in quantitative finance. This program is suitable for students with an aptitude for mathematics and a keen interest in finance, who are looking for a pathway into the financial industry.

In the Master of Financial Mathematics, you’ll complete coursework subjects in stochastic processes and analysis, continuous and discrete-time financial modelling and computational methods for finance. You’ll also undertake a research project and choose electives from a wide range of topics. Our students develop advanced critical thinking skills and graduate with the ability to communicate complex issues effectively to a range of audiences.

Full program structure

The Master of Financial Mathematics can be completed in 1.7 years of full-time study. The program is made up of 10 courses total, including five core courses and five electives. You’ll also complete a compulsory supervised research project.

• Research project
• Core courses
• Elective courses

Go to the handbook

Mathematicians are trained to think logically and to approach problems in analytical and creative ways. Studying mathematics prepares you for a wide variety of careers as it equips you with the problem-solving, computing and communication skills that employers want.

Skills in portfolio management, financial product pricing and analysis of business risk are highly regarded by finance industries. The Master of Financial Mathematics will prepare you for a successful career across the financial sector and government financial institutions.

The handling of large amounts of money requires the use of sophisticated mathematical techniques to limit risk. The official regulator of the financial sector - the APRA - regularly advertises graduate opportunities.

Academic and research positions within universities, the CSIRO and the Defence Science and Technology Organisation are available for those with the drive to discover new knowledge in mathematics. 

For entry into this degree, you must have both: Bachelor of Mathematics or Bachelor of Science degree with a major in mathematics and statistics sufficient mathematical and/or statistical ba

IELTS: 6.5 overall (min. 6.0 in each subtest); TOEFL IBT (Internet Based): 90 overall (min. 23 in writing, 22 in reading, listening and speaking); Pearson (PTE - Academic): 64 overall (min. 54 in each subtest); C1 Advanced Cambridge: 176 overall (min. 169 in each subtest); C2 Proficiency Cambridge: 180 overall (min. 180 in each subtest); UNSW Global University English Entry Course (UEEC): Successful completion with a minimum overall grade of C+ and a minimum grade of C in the writing component.