Program Overview

Overview of the Master of Financial Mathematics Program

The Master of Financial Mathematics is a postgraduate program designed to equip students with advanced analytical skills and industry-relevant expertise in financial mathematics. This program explores topics such as financial contract pricing, investment portfolio management, capital adequacy, firm valuation, and optimal capital and contract management.

Program Structure and Duration

The program offers a curriculum tailored to career goals, with electives such as Machine Learning, Portfolio Management, and Applied Econometrics for Finance, alongside core courses in financial mathematics. Students can choose to gain real-world experience through a research project at UQ or in industry, working in sectors like banking, energy trading, or superannuation.

• The program is available in multiple durations:
  • 2-year degree (32 units of study)
  • 1.5-year degree (24 units of study)
• The duration depends on the student's qualifications and experience.

Entry Requirements

To be eligible for the program, students must meet specific entry requirements:

• For a 2-year degree:
  • A bachelor's degree (or equivalent) in any discipline with first-year, university-level mathematics.
  • A graduate diploma (or equivalent) in financial mathematics.
  • Completion of 3 years of study towards an approved qualification at an overseas partner institution.
• For a 1.5-year degree:
  • A bachelor's degree (or equivalent) in mathematics.
  • A bachelor's degree (or equivalent) majoring in mathematics.
  • Completion of 3.5 years of study towards an approved qualification at an overseas partner institution, including research requirements.
• A grade point average (GPA) of 5.0 on a 7-point scale in the previous qualification is required.

Fees and Scholarships

• The indicative annual fee for domestic students is $9,175 (2026).
• The approximate yearly cost of full-time tuition for international students is AUD $54,096 (2026).
• Scholarships are available, but details are subject to change.

Career Possibilities

Graduates of the Master of Financial Mathematics program are highly sought after by investment banks, corporate risk units, insurance companies, fund managers, financial regulators, and trading firms. Potential career paths include:

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

How to Apply

Applications should be submitted online, and the program code for the Master of Financial Mathematics is 5573. The closing dates for applications are:

• 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.

English Language Requirements

International students must meet the English language requirements:

• IELTS overall 6.5; reading 6; writing 6; speaking 6; listening 6.
• 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.

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 several requirements that must be satisfied before a visa is granted, including the Genuine Student (GS) requirement.