Master of Financial Mathematics (MFinMath)
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.
Our two year full-time 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.
Campus Information
St Lucia
Situated on 114 hectares of Brisbane River-bound land, UQ’s main campus is a vibrant mix of majestic sandstone buildings and contemporary architecture, landscaped gardens and lakes. Fanning out from the heritage-listed Great Court, you’ll find modern teaching and research facilities, including laboratories, lecture theatres, and Queensland’s largest research library. The expansive grounds are also home to a variety of sporting facilities, museums, cafes, and those famous Jacaranda trees. The St Lucia campus is only seven kilometres from Brisbane’s city centre, making it an appealing place to study, work or visit.
Intakes
- Feb
- July
Application Processing Time in Days: 28
Application Process
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 |
PSW Opportunity
2 years of Post-Study Work (PSW) rights to international students post completion of their respective Postgraduate.
Admission Requirement / Eligibility Criteria
At UQ, we use a 7 point grading scale, where a 4 is a pass and 7 is the highest grade. When assessing your qualifications, we will convert the grade you received in your previous studies to our grading scale. This sometimes involves recalculating your GPA.
Different institutions calculate GPAs with different methods. When calculating your GPA, we may exclude certain non-academic subjects and include all failing grades.
Our GPA equivalency guide can be used as a guide to help you find the minimum UQ GPA equivalencies for the country or region where you completed your bachelor's degree.
If your GPA doesn't meet the minimum requirement for the program you're interested in, you may receive an articulation offer, which could allow you to progress to the master's degree when you meet the GPA requirements.
Admissions criteria
Prerequisites
To enrol in the program a person must hold a relevant bachelor degree in Economics or cognate discipline or equivalent as approved by the Executive Dean; and satisfy the Executive Dean that, based on the academic record, the person is suitably qualified for admission.
English Proficiency
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.
- Course Code: 079389K
- Course Type: Full Time
- Course Level: Masters/PG Degree
- Duration: 02 Year
-
Total Tuition Fee:
96320 AUD
Annual Cost of Living: 24505 AUD
Application Fee: 100 AUD
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