Masters (Coursework)
Modern finance relies heavily on mathematical modelling to manage investment portfolios, financial planning, pricing of financial products and analysing business risk.
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. 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.
Learn with the best
We're ranked 1st in Australia and 38th in the world for mathematics.* As Australia's largest and highest ranked school of mathematics and statistics, we provide comprehensive coverage of modern mathematics, underpinned by leading teaching and research.
Leverage our industry connections
Tap into our network of industry and research partners to start building your own professional connections. The School of Mathematics and Statistics maintains and attracts strong links with industry, from ongoing research collaboration to industry involvement in our teaching activities. Our researchers work in partnership with industry to solve real-world problems. This collaboration with industry includes Australian Research Council (ARC) Linkage Grants held by members of staff. Our industry links extend to our learning and teaching activities, with industry partners sponsoring some of our courses and degrees. Other links with industry are maintained through visiting appointments, consulting services offered by our staff and ongoing connections with our alumni
*QS World University Rankings by Subject 2021
For entry into this degree, you must have both:
In addition, you must have permission of the Head of School or Nominee to be admitted into the program.
Advanced standing
Honours graduates in mathematics or statistics from UNSW (or equivalent) may receive advanced standing of up to a maximum of 24 units of credit. This means you can complete the program with a further 48 units of credit (one year of full-time study).
Students with a Graduate Diploma in Mathematics and Statistics from UNSW with a weighted average mark of 70 or more may receive advanced standing of up to a maximum of 48 units of credit. This means you can complete the program with a further 24 units of credit (0.5 year of full-time study).
The specific advanced standing to be awarded will be determined at the time of admission and will be based on your background and previous study.
You may be asked to provide evidence of your English proficiency to study at UNSW depending on your educational background and citizenship. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.
If you're completing an Australian Year 12 qualification (e.g. NSW HSC or equivalent), you do not need to provide anything extra to prove your proficiency. Your qualification will be used as evidence of your English proficiency.
If you do need to provide evidence of your English proficiency, this will be indicated in your application. You can prove this by providing evidence that you meet one or more of the following criteria:
If you need to improve your English skills before you start your degree, UNSW College's Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.
For entry into this degree, you must have both:
In addition, you must have permission of the Head of School or Nominee to be admitted into the program.
Advanced standing
Honours graduates in mathematics or statistics from UNSW (or equivalent) may receive advanced standing of up to a maximum of 24 units of credit. This means you can complete the program with a further 48 units of credit (one year of full-time study).
Students with a Graduate Diploma in Mathematics and Statistics from UNSW with a weighted average mark of 70 or more may receive advanced standing of up to a maximum of 48 units of credit. This means you can complete the program with a further 24 units of credit (0.5 year of full-time study).
The specific advanced standing to be awarded will be determined at the time of admission and will be based on your background and previous study.
You may be asked to provide evidence of your English proficiency to study at UNSW depending on whether you are from an English-speaking background or non-English speaking background. English language skills are vitally important for coping with lectures, tutorials, assignments and examinations - this is why UNSW requires a minimum English language competency for enrolment.
If English is not your first language, you'll need to provide proof of your English proficiency before you can be given an offer to study at UNSW. You can do this by providing evidence that you meet one or more of the following criteria:
If you need to improve your English skills before you start your degree, UNSW College's Academic English Programs are for you. The programs are suitable for various English levels and help you prepare for university studies and life in Australia.
Mathematicians are trained to think logically and to approach problems in analytical and creative ways. Studying mathematics prepares you for a wide variety of careers as it equips you with the problem-solving, computing and communication skills that employers want.
Skills in portfolio management, financial product pricing and analysis of business risk are highly regarded by finance industries. The Master of Financial Mathematics will prepare you for a successful career across the financial sector and government financial institutions.
The handling of large amounts of money requires the use of sophisticated mathematical techniques to limit risk. The official regulator of the financial sector - the APRA - regularly advertises graduate opportunities.
Academic and research positions within universities, the CSIRO and the Defence Science and Technology Organisation are available for those with the drive to discover new knowledge in mathematics.