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University of Wollongong

Wollongong , New South Wales ,Australia

Master of Financial Mathematics

The growth of quantitative and computational finance has led to an increased demand for professionals with skills in both finance and mathematics. In particular, skills in stochastic processes, numerical methods, partial differential equations and optimisation are crucial in industries such as banking, insurance, utilities, investment and any company affected by international exchange rates.

In this degree, you will learn practical skills to lead the formulation, implementation and evaluation of models used by the financial sector to structure transactions, manage risk and construct investment strategies. The degree will be a valuable asset if you are seeking to further your career in managerial roles in the finance sector.

This degree

You will receive training in the high demand area of quantitative financial analysis, giving you first-hand experience in the way in which this discipline is used in this field.

The Practitioners' Seminars component of the course will provide you with first-hand knowledge from experts working in the field.

What you will study

Subjects include Multivariate and Vector Calculus, Differential equations: Analysis and Applications, Random Variables and Estimation, Statistical Inference and Introduction to Model Building, Managerial Finance, Stochastic Methods in Finance, and Applied Probability and Financial Risk.

You will learn about quantitative financial analysis and a range of analytical, statistical, computational and modelling skills. These are needed for the formulation, implementation and evaluation of models in the financial sector to structure transactions, evaluate financial derivatives, manage risk and construct investment strategies.

Campus Information

Wollongong

UOW’s main Wollongong campus is set in native Australian bush and is one of the most picturesque university campuses in Australia. Less than two kilometres east is UOW’s Innovation Campus – a research and technology precinct that houses innovative organisations as well as some of UOW’s leading research institutes.

Intakes

  • Feb
  • July

Application Processing Time in Days: 8

Application Process

More Information Required
10 Days
Possible Interview Call from Institution
10 Days
Provisional/Unconditional Offer
15 Days
Visa Process
30 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

We provide resources, programs, events and services to help students to establish appropriate career goals and to identify pathways and strategies to achieve those goals.
University of Wollongong support students in the following ways:

1. ORGANISE JOB FAIRS
2. JOB BOARD
3. CAREERS EVENTS & WORKSHOPS
4. WORK INTEGRATED LEARNING

PSW Opportunity

Students can get 2 years PSW visa if they complete the studies from Sydney Camus and 3 years PSW visa if the course is completed from Wollongong Campus.

Admission Requirement / Eligibility Criteria

A three-year Australian Bachelors degree, or equivalent, with at least one year of Mathematics or Statistics and an equivalent average mark of 60%.
 
ENGLISH REQUIREMENTS
The following level of English is required to gain admission to this program:
 
English Test
Overall Score
 
Reading
 
Writing
 
Listening
 
Speaking
 
IELTS Academic
6.5
 
6.0
 
6.0
 
6.0
 
6.0
 
TOEFL (Internet-based)
86
 
18
 
18
 
17
 
17
 
UOW College: English for Tertiary Studies: Credit (weighted average mark of 65 overall and minimum 50 in Academic Reading and Writing)
 
Other qualifications may also be considered. Full details can be found on our English Language Requirements website.
 
CREDIT FOR PRIOR LEARNING
Applicants with a Bachelor of Mathematics or Statistics may apply for credit for 24 credit points (one session). Applicants with a Bachelor Honours degree in Mathematics or Statistics may apply for credit for 48 credit points (one year).

  • Course Code: 083829A
  • Course Type: Full Time
  • Course Level: Masters/PG Degree
  • Duration: 02 Year  
  • Total Tuition Fee: 67680 AUD
    Annual Cost of Living: 24505 AUD
    Application Fee: N/A
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