Graduate Diploma in Financial Mathematics
Overview
Learn how to use 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 1 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.
Accelerate your career in organisations such as investment banks, corporate risk management units, insurance companies, fund management institutions, financial regulatory bodies, brokerage firms and trading companies.
Successful completion of this program may allow you to progress to the Master of Financial Mathematics program.
Program highlights
- Build on your background in mathematics, commerce or economics/econometrics.
- Tailor the curriculum to your interests and career goals by selecting from 20 courses.
- 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.
How you'll learn
Your learning experiences are designed to best suit the learning outcomes of the courses you choose.
- Lectures
- Tutorials
- Online study
What you'll study
At UQ, degrees are called 'programs' and subjects are called 'courses'. Here's a sample of the courses you could study in this program:
- Finance
- Financial Mathematics
- Financial Calculus
- Computation in Financial Mathematics
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
- Data scientist
- Financial planning manager
- Stockbroker
- Financial product developer
- Credit risk analyst
- Business intelligence manager
- Funds manager
Graduate salary
Science and mathematics (postgraduate)
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Entry requirements
Entry requirements
To be eligible for entry, you'll need:
- a bachelor's degree (or equivalent) in any discipline with first-year, university-level mathematics (including single-variable and multi-variable calculus, ordinary differential equations, and linear algebra), or
- 5 years of full-time equivalent, relevant work experience in data science, financial mathematics, mathematics, engineering or information technology.
You must have a grade point average (GPA) of 4.5 on a 7-point scale in your previous qualification.
- a bachelor's degree (or equivalent) in any discipline with first-year, university-level mathematics (including single-variable and multi-variable calculus, ordinary differential equations, and linear algebra), or
- 5 years of full-time equivalent, relevant work experience in data science, financial mathematics, mathematics, engineering or information technology.
You must have a grade point average (GPA) of 4.5 on a 7-point scale in your previous qualification.
Related programs
Depending on your previous qualifications and current goals, you might want to consider
one of these related programs:
English language requirements
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 (including Paper Edition) - Overall 87, listening 19, reading 19, writing 21 and speaking 19.
PTE Academic - 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.
There are other ways to meet the English language requirements. For some programs, additional conditions apply.
Student visas
International students who are accepted into full-time study in the Graduate Diploma in Financial Mathematics are eligible to apply for an Australian student visa (subclass 500).
There are a number of requirements you must satisfy before a visa is granted, including the Genuine Student (GS) requirement.
Fees and Scholarships
Indicative annual fee
Approximate yearly cost of tuition (16 units). Your fees will vary according to your selected courses and study load. Fees are reviewed each year and may increase.
$7,910
2024
$7,910
2024
Approximate yearly cost of full-time tuition (16 units). Your fees will vary according to your study load. Fees are reviewed each year and may increase.
AUD $48,160
2024
AUD $48,160
2024
Government assistance
Financial aid
As an international student, you might be eligible for financial aid – either from your home country, or from the Australian Government.
HECS-HELP
Domestic places in the Graduate Diploma in Financial Mathematics are Commonwealth Supported. This means the cost of your education is shared between you and the Australian Government.
Instead of tuition fees, Commonwealth Supported students pay what are called student contribution amounts.
HECS-HELP is an Australian Government loan scheme to assist eligible students with the cost of their student contribution amounts.
Centrelink support
The Australian Government offers a number of income-support payments to eligible Australian university students.
Scholarships
You may be eligible for more than 100 scholarships, including:
How to apply
Applying online
All international applications should be submitted to UQ. If you prefer, you can use an approved UQ agent in your country.
The program code for the Graduate Diploma in Financial Mathematics is 5734.
Find out more about applying for postgraduate coursework study
Applying online
All domestic applications should be submitted to UQ.
The program code for the Graduate Diploma in Financial Mathematics is 5734.
Find out more about applying for postgraduate coursework study
Important dates
The closing date for this program is:
- To commence study in semester 1 - November 30 of the previous year.
To learn more about UQ dates, including semester start dates, view the Academic Calendar.
Important dates
The closing date for this program is:
- To commence study in Semester 1 - January 31 of the year of commencement.
- To commence study in Semester 2 - June 30 of the year of commencement.
To learn more about UQ dates, including semester start dates, view the Academic Calendar.
Aboriginal and Torres Strait Islander applicants
For support with applying – or if you have any questions about university life – get in touch with our Aboriginal and Torres Strait Islander Studies Unit.
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