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Monash University

Melbourne , Victoria ,Australia

Master of Financial Mathematics

Do you have an aptitude and passion for mathematics and statistics, a keen interest in finance and insurance, and want to work for a major financial organization in finance, insurance, or the money market? This course will provide you with a deep understanding of the world of finance, and give you the ability to speak its 'language'. This course combines theory with hands-on practical skills via an industry placement or research project –ensuring you graduate with the right skills increasingly being sought by banks and other financial institutions.

The Master of Financial Mathematics offers advanced training in the core areas of stochastic, financial and insurance modelling, statistical analysis, and computational methodology, as well as in a wide range of elective topics from economics, econometrics, finance, mathematics, and probability.

Campus Information

Clayton

Clayton campus has around 26,000 students and is the largest of all eight campuses. It is located 20km south-east of Melbourne.

Intakes

  • Feb
  • July

Application Processing Time in Days: 30

Application Process

offer letter
10 Days
Payment
Days
Confirmation from the University
15 Days
Visa Processing
20 Days

Minimum English Language Requirements

English Level Description IELTS (1.0 -9.0) TOEFL IBT (0-120) TOEFL CBT (0-300) PTE (10-90)
Expert 9 120 297-300 86-90
Very Good 8.5 115-119 280-293 83-86
Very Good 8 110-114 270-280 79-83
Good 7.5 102-109 253-267 73-79
Good 7 94-101 240-253 65-73
Competent 6.5 79-93 213-233 58-65
Competent 6 60-78 170-210 50-58
Modest 5.5 46-59 133-210 43-50
Modest 5 35-45 107-133 36-43
Limited 4 32-34 97-103 30-36
Extremely Limited < 4 < 31 < 93 < 30

Job Opportunity Potential

Current job opportunities 

Lecturer (School of Psychology) -   

In this role, you will be closely involved in the clinical supervision of Doctorate of Psychology (Clinical) candidates on placement at the Monash Psychology Centre (MPC) and involved in the administration of external placements, including facilitation of mid-placement reviews. You will also contribute to clinical teaching in the Doctorate of Psychology (Clinical) program, including assessment in the Objective Structured Clinical Examinations.

You will also be expected to bring your clinical experience and passion for training the next generation of clinical psychologists at Monash University. You will be centrally involved in the delivery of the Doctorate of Psychology (Clinical) program, support the operation of specialty clinics at MPC, and be a valued contributor to the clinical team. The opportunity to see clients within the MPC to maintain active clinical practice and access to peer supervision networks at the MPC will also be available.

Coursework Scholarships Manager - 

The Coursework Scholarships Manager plays a key role in managing all aspects of coursework scholarship administration within Student and Education Business Services to ensure the alignment of policies and institutional strategic goals.
In this role, you will be responsible for the coursework scholarship budget and targets, timely selection and accurate offering of scholarships, meeting reporting requirements, and implementing continuous process and system improvements. Your communication and negotiation expertise is required for stakeholder engagement and team leadership.

Executive Assistant (Australian Centre for Financial Studies) - 

The Monash Business School is seeking an Executive Assistant to join a highly motivated team within the Australian Centre for Financial Studies. ACFS is an independent research center that brings together industry, government, and academia to provide thought leadership on issues of concern for the financial sector and the broader community. Your expertise is required to provide a range of professional administrative support services to the Executive Director, Australian Centre for Financial Studies, and to the broader team.  

Research Fellow (Inflammatory Diseases) - 

A Research Fellow in this new project will be required to characterize and validate a glucocorticoid-induced transcriptional regulator as a potential alternative to glucocorticoids (steroids) for the treatment of autoimmune diseases.
The project will identify gene targets of the regulator in mouse and human B lymphocytes using ChIP-seq and RNA-seq technology and will involve testing the ability of the regulator to ameliorate the behaviors of B cells that contribute to autoantibody-mediated autoimmune diseases.

PSW Opportunity

  • 2 year Post Study Work Visa Opportunity

Admission Requirement / Eligibility Criteria

Qualifications
Depending on prior qualifications:

Entry-level 1: Duration: 2 years full-time, 4 years part-time (96 points to complete)

An undergraduate degree (equivalent to an Australian undergraduate degree) with a strong mathematical content* with at least a 65% average or qualification/experience that the faculty considers being equivalent or a satisfactory substitute for the above. *i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics, and differential equations.

Entry-level 2: Duration: 1.5 years full-time, 3 years part-time (72 points to complete)

An undergraduate degree (equivalent to an Australian undergraduate degree) in mathematics with at least a 65% average or qualification/experience or satisfactory substitute that the faculty considers to be equivalent.

OR

An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% average or qualification/experience that the faculty considers to be equivalent or a satisfactory substitute for the above. *I.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics, and differential equations.

Entry-level 3: Duration: 1 year full-time, 2 years part-time (48 points to complete)

A four-year Australian honors degree (or equivalent) in mathematics with at least 65% average or qualification/experience or a satisfactory substitute that the faculty considers to be equivalent.

  • Course Code: 086157A
  • Course Type: Full Time
  • Course Level: Masters/PG Degree
  • Duration: 02 Year  
  • Total Tuition Fee: 93400 AUD
    Annual Cost of Living: 21041 AUD
    Application Fee: 100 AUD
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