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The University of Queensland

Brisbane , Queensland ,Australia

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

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

Career possibilities
Postgraduate study can take you anywhere. Here are some of the careers you could be on your way to:

  • Investment banker
  • Retail banker
  • Market risk manager
  • Financial planning manager
  • Data scientist
  • Quantitative analyst
  • Financial product developer
  • Credit risk analyst
  • Revenue manager
  • Stockbroker

PSW Opportunity

2 years of Post-Study Work (PSW) rights to international students post completion of their respective Postgraduate.

 

Admission Requirement / Eligibility Criteria

Prerequisites

Bachelor degree with first year university level mathematics (including single-variable and multi-variable calculus, ordinary differential equations and linear algebra).
UQ or equivalent GPA of 5.5 or above on a 7 point scale.