University of New South Wales

Master of Financial Mathematics

Nationally Recognised Higher Education

Modern finance relies heavily on mathematical modelling to manage investment portfolios, financial planning, pricing of financial products and analysing business risk. The Master of Financial Mathematics was introduced in 2007 to provide the financial sector (banks, insurance companies, investment companies) with a stream of highly trained specialists in quantitative finance.

Gain high-level training in principles of modern finance and its mathematical foundations, stochastic analysis, risk assessment and relevant computational techniques. This program is suitable for students with an aptitude for mathematics and a keen interest in finance, who are looking for a pathway into the financial industry.

Delivery mode

University of New South Wales offers this course through the following delivery modes:

On campus

Work with instructors and classmates in a supportive and collaborative environment.


Locations
  • UNSW Sydney, High St, Kensington

Entry requirements

Domestic Students

  • There are no mandated entry requirements.
  • Bachelor of Mathematics or Bachelor of Science degree with a major in mathematics and statistics
  • Sufficient mathematical and/or statistical background, as indicated by a minimum weighted average mark (WAM) of 65 or above in level III mathematics and/or statistics university courses.
  • In addition, you must have permission of the Head of School or Nominee to be admitted into the program.
  • Bachelor of Mathematics or Bachelor of Science degree with a major in mathematics and statistics
  • Sufficient mathematical and/or statistical background, as indicated by a minimum weighted average mark (WAM) of 65 or above in level III mathematics and/or statistics university courses.
  • In addition, you must have permission of the Head of School or Nominee to be admitted into the program.

You may need to submit results from an acceptable English language test taken in the last two years prior to starting at UNSW:

  • IELTS: 7.0 overall (min 6.0 in each subtest)
  • TOEFL iBT: 94 overall (min. 25 in writing, 23 in reading, listening and speaking)
  • PTE: 65 overall (min. 54 in each subtest)
  • C1 Advanced Cambridge: 185 overall (min. 169 in each subtest)
  • C2 Proficiency Cambridge: 185 overall (min. 180 in each subtest)
Additional requirements may apply.

Course fees

Estimated Fee* $58,000 - $82,500 Fees are based on full-time study.
* Fees are indicative only and vary based on your circumstances and eligibility for government funding.
Standard Tuition:
$58,000
Full Fee Tuition:
$82,500
Enquire with University of New South Wales to find out more.
Study mode On Campus
Duration 20 Months
Estimated fee* $58,000 - $82,500 Support may be available

Career opportunities

The Master of Financial Mathematics will prepare you for the following roles.

Credit Risk Analyst

A Credit Risk Analyst is responsible for evaluating the creditworthiness of potential clients and monitoring the financial performance of existing ...

Avg yearly income $108,316
Entry barriers Low

Financial Engineer

A Financial Engineer develops and implements innovative financial models and strategies to address complex financial challenges. You may work withi...

Avg yearly income $78,000
Entry barriers Low

Investment Analyst

An Investment Analyst evaluates financial data and trends to provide investment recommendations. You might work in financial institutions, investme...

Avg yearly income $83,200
Entry barriers Low

Quantitative Analyst

A Quantitative Analyst applies mathematical and statistical techniques to analyse financial data and support decision-making in financial markets. ...

Avg yearly income $91,000
Entry barriers Low

Risk Analyst

A Risk Analyst analyses information and data to assess risk. You might work in banking, insurance or a range of other industries. Risk Analysts mak...

Avg yearly income $121,992
Entry barriers Low

About University of New South Wales

Since our foundation in 1949, UNSW Sydney has made an ongoing commitment to improve and transform lives in Australia and globally.

The essence of UNSW Sydney is not found in our impressive facilities or beautiful grounds. It is found in our students, our staff, our alumni and our generous donors. Our collective difference reflects the unique perspectives of our people, place and purpose as we play our part in the creation of a just society.

Our guiding motto, Scientia Corde Manu et Mente–Knowledge by Heart, Hand and Mind–embodies our commitment to embrace diversity of thought, integrity, innovation, and our deep connections with the community.

UNSW is a vibrant, multicultural campus with students and staff from over 120 different nationalities. We believe our cultural diversity is one of our main strengths, as it exposes us to alternative perspectives and experiences in our working, learning and research environments.