Master of Financial Mathematics
Overview
Develop the advanced analytical skills and industry-relevant expertise needed to tackle complex financial challenges and drive innovation in a rapidly evolving global economy.
In the Master of Financial Mathematics you'll explore topics such as financial contract pricing, investment portfolio management, capital adequacy, firm valuation, and optimal capital and contract management.
This program offers a curriculum tailored to your career goals, with electives such as Machine Learning, Portfolio Management and Applied Econometrics for Finance, alongside core courses in financial mathematics.
Choose to gain real-world experience through an industry placement, working in sectors like banking, energy trading or superannuation.
Graduates are highly sought after by investment banks, corporate risk units, insurance companies, fund managers, financial regulators and trading firms.
Program highlights
- Master advanced computational, mathematical and stochastic finance methods to identify opportunities, manage portfolios and price financial products.
- Leverage UQ’s industry and government links, gaining hands-on financial market experience through placements.
- Enhance your expertise in mathematics, commerce, or economics/econometrics.
How you'll learn
Your learning experiences are designed to best suit the learning outcomes of the courses you choose.
- Lectures
- Tutorials
- Work placements
- Research experience
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:
- Introduction to Software Engineering
- Calculus and Linear Algebra I
- Mathematical Probability
- 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
- Financial planning manager
- Data scientist
- Quantitative analyst
- Financial product developer
- Credit risk analyst
- Revenue manager
- Stockbroker
Annual average salary range
Financial Analyst
seek.com.au
Annual average salary range
Risk Manager
seek.com.au
I was fortunate to conduct my industry research project at Suncorp Group, where I applied the techniques I was learning in the classroom to develop machine-learning models to assess retail credit risk. UQ has lots of opportunities for students to meet and network.
I was fortunate to conduct my industry research project at Suncorp Group, where I applied the techniques I was learning in the classroom to develop machine-learning models to assess retail credit risk. UQ has lots of opportunities for students to meet and network.
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What can you do with a financial mathematics degree?
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Making the greatest mathematical discoveries
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Making the greatest mathematical discoveries
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Entry requirements
Entry requirements
It's possible to complete this degree in 2 years or 1.5 years depending on your qualifications and experience.
You can apply for any duration as long as you meet the entry requirements. You may also be eligible to apply for credit or exemptions to shorten your degree further. You'll graduate with the same qualification no matter how long you take to complete the degree.
2-year degree (32 units of study)
To be eligible to complete the degree in 2 years full-time (or part-time equivalent)full-time (only available as full-time study), 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
- a graduate diploma (or equivalent) in financial mathematics, or
- to have successfully completed 3 years of study towards an approved qualification at an overseas partner institution, with a formal pathway to the Master of Financial Mathematics.
You must have a grade point average (GPA) of 5.0 on a 7-point scale in your previous qualification.
1.5-year degree (24 units of study)
If you have relevant prior learning or experience, you can reduce the number of courses you need to complete and graduate in less time.
To be eligible to complete the degree in 1.5 years full-time (or part-time equivalent)full-time (only available as full-time study), you'll need:
- a bachelor's degree (or equivalent) in mathematics, or
- a bachelor's degree (or equivalent) majoring in mathematics.
You must have a grade point average (GPA) of 5.0 on a 7-point scale in your previous qualification.
GPA equivalent
Select where you studied and your qualification to see the GPA equivalent you need to be considered for this program.
Use the GPA equivalent as a guide. When you apply, we’ll calculate your GPA using the UQ grading scale. Any failing grades will be included. Entry requirements are subject to change.
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 Master of 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.
$8,490
2025
$8,490
2025
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 $50,560
2025
AUD $50,560
2025
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 Master of 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:
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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 Master of Financial Mathematics is 5573.
This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.
When you apply, select your preferred duration. If you don't meet the requirements for your first preference, we'll automatically consider you for entry into a longer duration.
Find out more about applying for postgraduate coursework study
Applying online
All domestic applications should be submitted to UQ.
The program code for the Master of Financial Mathematics is 5573.
This program is available in multiple durations. You can apply for any duration as long as you meet the entry requirements.
When you apply, select your preferred duration. You can also ask us to consider you for a longer duration if you don't meet the entry requirements for your first preference.
Find out more about applying for postgraduate coursework study
Important dates
The closing date for this program is:
- To commence study in semester 2 - May 31 of the year of commencement.
- To commence study in semester 1 - November 30 of the previous year.
Visa processing times vary. Apply as early as you can.
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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