Master of Financial Mathematics

University of Wollongong

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. 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.

Course Fee:

Australian: $61,152
International: $63,168

Entry Requirements:

A three-year Australian Bachelors degree, or equivalent, with at least one year of Mathematics or Statistics and an equivalent average mark of 60%.


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.

Subjects you can Study:

Financial mathematics

Study Pathways:

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).

Further information:

The UOW School of Mathematics and Applied Statistics spans pure mathematics, applied mathematics, financial mathematics and statistics. We enjoy an international reputation in areas including survey and census design and analysis, operator algebra, geometric analysis, spatial statistics, biometrics, partial differential equations, the modelling of chemical reactions and nanoscale phenomena. Our graduates are in demand across a range of industries including finance, defence and security, health care, and the IT sector. The School of Mathematics and Applied Statistics has ?above world standard? classification in the Excellence in Research for Australia rankings, and has staff that have won national awards for their teaching excellence. When you study at UOW you become part of a learning and research environment that is supported by highly qualified academic staff with expertise across a range of disciplines from pure to applied mathematics and statistics.

Who for:

Graduates of finance, engineering and mathematics who are currently working in the financial sector

Accepts International Students:


Provider CRICOS: 00102E

Campus ATAR/OP Mid Year Intake Study Mode Duration
Wollongong No info Yes Full time 2 years
Wollongong No info Yes Part time 4 years
The University of Wollongong (UOW) has earned a place among the top 20 modern universities in the world through world-class research and teaching. With an international network of campuses and regional learning centres, UOW consistently rates among the top Australian universities in key areas, including graduate satisfaction and starting salaries.par par UOW offers 450 degree programs across all levels of study (undergraduate and postgraduate coursework and research), as well as English language and academic bridging programs through UOW College. The University currently has 36,180 students enrolled in its onshore and offshore campuses, including 15,820 international students.

The University's commitment to students is evident in UOW graduates, who are recognised for their capability, quality and success in the global workplace. UOW continues to focus on offering personalised experiences and outstanding learning environments.

The city of Wollongong is located just 90 minutes south of Sydney - close enough to be within the daily reach of the Sydney central business district, but without the rush and expense of a big city. Wollongong is the primary city of the Illawarra region of New South Wales, and is Australia's ninth-largest city. More than 295,500 people live in the region. There are very strong support networks for international students and their families to help settle into life in Wollongong.

The UOW Wollongong campus lies between tree-covered mountains and the broad, blue waters of the Pacific Ocean offering students the perfect Australian lifestyle. It's an ideal learning environment that helps students get the most out of their studies. With its parkland setting and extensive learning and recreational facilities, the campus is arguably the most beautiful university campus in Australia. And the UOW Innovation Campus - an award winning, world-class research and commercial precinct developed by UOW - is located less than 10 minutes away.

Provider CRICOS: 00102E

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