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University of Wollongong

Wollongong , New South Wales ,Australia

Bachelor of Mathematics and Finance (Honours) (Risk Management and Insurance)

Risk Management and Insurance covers a wide range of activities including the assessing, quantifying, monitoring and mitigating of financial risk exposures for projects, companies and financial institutions. It also monitors compliance with relevant financial regulations. In particular, actuaries are professionals with strong mathematical backgrounds who deal with the financial impact of risk and uncertainty.

This degree

The Bachelor of Mathematics and Finance (Honours) teaches you the skills to apply sophisticated mathematical and statistical techniques to real-world problems. You are also encouraged to develop computing and communication skills, which are assets in the job market.

Bankers, investment managers, insurance companies and financial companies all rely on financial mathematics to survive and stay ahead of the competition. Maths and Finance graduates work in all areas of industry and government as risk managers, investment advisers, traders, financial analysts and more. They work in all aspects of the finance sector from traditional banking to futures trading.

There are opportunities for scholarships from corporate partners, plus summer scholarships and undergraduate research projects with academic staff, access to programs of the Australian Mathematical Sciences Institute (AMSI) and inter-university courses via our Access Grid Room.

What you will study

You will develop a strong background in mathematics and statistics essential to a career in corporate and banking risk management such as market, credit and operational risk.

Subjects you will study include: financial calculus, risk and insurance, advanced corporate finance, applied probability and financial risk, financial economics and statistical inference. You will complete a Mathematics and Finance Honours Project.

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 Deadline: Dec
  • July Deadline: May

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

Career opportunities
Auditor Banker Analyst Financial controller Accountant Policy advisor Business adviser OHS officer HR manager consultant Stock broker Insurance broker Fund manager Exporter/importer Public relations coordinator Market researcher Advertising executive Brand/product manager Event manager

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

Applicants need to have achieved the required score in a qualification equivalent to the completion of 13 years of schooling in Australia.
In order to succeed in your chosen course, it is assumed you have completed relevant subjects in your senior high school studies or other relevant qualifications. This is particularly important for degrees which have a strong basis in Mathematics or Science.
 
CREDIT FOR PRIOR LEARNING
If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the UOW degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.