Master of Financial Mathematics

Postgraduate Entry Requirements:

Academic Requirements: To be eligible for postgraduate programs at UQ, international students generally need to have completed a relevant undergraduate degree with a minimum academic achievement of 65% or above. Some programs may have specific prerequisites or higher academic requirements, so applicants should verify the entry criteria for their intended course.

English Language Proficiency:

• IELTS: A minimum overall score of 6.5 with no individual component below 6.0.
• TOEFL: An overall score of 87 is generally accepted, with minimum section scores of 19 for listening, 19 for reading, 21 for writing, and 19 for speaking.
• PTE: A minimum overall score of 64 is typically expected, with a minimum score of 60 in each section.

Students must provide:

• academic marksheets & transcripts
• letters of recommendation
• a personal statement - SOP
• passport
• other supporting documents as required by the university.

Work experience: Some postgraduate courses may require relevant work experience in the field.

It's important to note that entry requirements can vary by program and may change over time. Additionally, some programs may have additional requirements, such as interviews, portfolios, or work experience.

The University of Queensland (UQ) is fostering a diverse and inclusive academic community by offering a range of scholarships to support international students pursuing their higher education goals. These scholarships are designed to recognize and reward academic excellence, promote cultural diversity, and alleviate the financial burden of studying abroad.

UQ International Scholarships: UQ offers a variety of scholarships specifically tailored for international students. These scholarships are typically awarded based on academic merit, and eligibility criteria may vary depending on the specific scholarship program. These scholarships can provide financial support to cover tuition fees, living expenses, and other study-related costs.

Destination Australia Scholarship: UQ participates in the Australian Government's Destination Australia Scholarship program, which aims to attract and support international and domestic students to study in regional Australia. This scholarship provides financial assistance to international students studying at UQ's regional campuses, such as UQ Gatton.

Australia Awards Scholarships: UQ also hosts students who receive Australia Awards Scholarships, which are funded by the Australian government and aim to promote development and strengthen ties between Australia and participating countries. These scholarships cover tuition fees, living allowances, and other support.

External Scholarships and Sponsorships: UQ encourages international students to explore external scholarship opportunities and sponsorships that may be available through government agencies, private organizations, or foundations in their home countries.The university provides support and information to assist students in applying for external funding sources.

Research Scholarships: For international students pursuing research-based postgraduate programs (e.g., Ph.D. or research master's degrees), UQ offers a range of research scholarships that cover tuition fees and provide a living allowance. These scholarships are often awarded based on academic merit and research potential.

Graduates of the University of Queensland's Master of Financial Mathematics program are well-positioned to pursue exciting and lucrative careers in the finance industry. With advanced mathematical and financial skills, they are in high demand across various sectors. 

1. Quantitative Analyst (Quant): Quants develop mathematical models and algorithms to analyze financial markets, assess risks, and optimize investment strategies for banks, hedge funds, and asset management firms.

2. Financial Risk Manager: Graduates often work as risk managers, assessing and managing financial risks for organizations, including credit risk, market risk, and operational risk.

3. Investment Analyst: Investment analysts evaluate investment opportunities, conduct financial research, and make recommendations to portfolio managers or investment firms.

4. Portfolio Manager: Portfolio managers oversee investment portfolios, making strategic decisions to maximize returns while minimizing risk for clients or investment funds.

5. Derivatives Trader: Derivatives traders buy and sell financial derivatives, such as options and futures, to profit from market fluctuations.

6. Financial Modeler: Financial modelers create mathematical models to simulate financial scenarios, supporting decision-making in areas like pricing, valuation, and risk assessment.

7. Algorithmic Trader: Algorithmic traders develop and implement automated trading strategies using mathematical algorithms and data analysis.

8. Financial Consultant: Graduates may work as financial consultants, providing expertise on financial strategies, risk management, and investment planning to clients or organizations.

9. Data Analyst/Data Scientist in Finance: Some graduates leverage their quantitative skills to work as data analysts or data scientists, focusing on financial data analysis, machine learning, and predictive modeling.

10. Financial Educator: Financial educators teach finance-related courses, conduct workshops, and provide financial literacy education to individuals and organizations.