Master of Commerce (Extension)
The University of New South Wales (UNSW), located in Sydney, Australia, offers a Master...
Master of Financial Mathematics
Kensington - Sydney
INTAKE: February
Program Overview
The Master of Financial Mathematics program at the University of New South Wales (UNSW) in Sydney is designed to equip students with advanced mathematical and quantitative skills for careers in the finance industry.
Program Structure: The Master of Financial Mathematics is a full-time program with a duration of 18 months. It consists of a combination of core courses, elective courses, and a research project or industry internship. The program covers various topics such as mathematical modeling, probability theory, stochastic processes, optimization, and financial derivatives.
Mathematical Foundation: The program emphasizes the development of strong mathematical skills. Students gain a deep understanding of mathematical concepts and techniques relevant to finance, including calculus, linear algebra, probability, and statistics. These foundations enable students to apply advanced mathematical tools to solve complex financial problems.
Financial Theory and Applications: The program integrates financial theory with mathematical modeling and computational methods. Students learn about financial markets, asset pricing, risk management, and portfolio optimization. They also explore the applications of mathematical techniques such as stochastic calculus and numerical methods in finance.
Quantitative Skills: The Master of Financial Mathematics program focuses on developing quantitative skills essential for careers in finance. Students learn to analyze financial data, construct mathematical models, and utilize statistical techniques to evaluate and manage financial risks. They also gain proficiency in programming languages and software commonly used in the finance industry.
Industry Connections: UNSW has strong connections with the finance industry, providing students with opportunities to engage with industry professionals and gain practical insights. The university collaborates with leading financial institutions, which may offer internships, guest lectures, and networking opportunities for students.
Research and Projects: The program offers students the option to undertake a research project or an industry internship. The research project allows students to explore a specific area of financial mathematics in depth under the guidance of experienced faculty members. The industry internship provides practical exposure to the finance industry, allowing students to apply their knowledge and skills in a real-world setting.
Career Pathways: Graduates of the Master of Financial Mathematics program have excellent career prospects in the finance industry. They are well-prepared for roles such as quantitative analysts, risk managers, financial modelers, and investment analysts. They can work in investment banks, hedge funds, asset management firms, insurance companies, and financial technology (fintech) companies.
Professional Development: UNSW provides various resources and support for students' professional development. The university's career services offer guidance on resume building, interview preparation, and job search strategies. Additionally, students have access to industry events, workshops, and networking opportunities to enhance their career prospects.
Advanced Study Options: After completing the Master of Financial Mathematics program, students may choose to pursue further advanced study, such as a Ph.D. in Finance, Mathematics, or a related field. This enables them to deepen their knowledge and expertise in specific areas of financial mathematics and pursue academic or research-oriented careers.
Location
Kensington - Sydney
Score
IELTS 7
Tuition Fee
AUD 45520
Postgraduate Entry Requirements:
Academic Qualifications: A minimum of 65% or above in the applicant's previous academic qualifications, such as a bachelor's degree or equivalent.
English Language Proficiency:
- IELTS (International English Language Testing System): Overall score of 6.5, with a minimum of 6.0 in each subtest, or equivalent.
- TOEFL (Test of English as a Foreign Language): Overall score of 94, with a minimum of 23 in listening, 23 in reading, 25 in writing, and 23 in speaking.
- PTE (Pearson Test of English): Overall score of 65, with a minimum of 54 in each subtest.
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.
UNSW offers a variety of scholarships to attract and assist international students.
Merit-Based Scholarships: UNSW offers merit-based scholarships to international students with exceptional academic achievements. These scholarships recognize academic excellence and provide financial support to cover tuition fees or living expenses.
Country-Specific Scholarships: Some scholarships are tailored for students from specific countries or regions. These scholarships aim to promote diversity and cultural exchange among international students.
Research Scholarships: UNSW provides research scholarships for international students pursuing postgraduate research degrees (e.g., Ph.D.). These scholarships often include a stipend to support research expenses and living costs.
Faculty/Program Scholarships: Certain faculties or academic programs at UNSW offer scholarships to attract outstanding international students interested in specific fields of study. These scholarships may cover tuition fees or provide research opportunities.
Sports and Arts Scholarships: UNSW acknowledges the talents and achievements of international students in sports and the arts. Scholarships in these categories may be available to support students with exceptional abilities.
The Master of Financial Mathematics program at the University of New South Wales (UNSW) in Sydney offers excellent career prospects for graduates. With its strong focus on mathematical and quantitative skills, the program equips students with the knowledge and expertise required for a wide range of roles in the finance industry.
-
Quantitative Analyst: Graduates can pursue careers as quantitative analysts in investment banks, hedge funds, and financial institutions. They use their advanced mathematical and statistical skills to develop models and algorithms for pricing financial instruments, managing risk, and making investment decisions.
-
Risk Manager: The program prepares students for roles as risk managers, where they assess and manage financial risks in organizations. Graduates can work in banks, insurance companies, and regulatory agencies, utilizing their expertise in quantitative analysis and risk modeling to identify, measure, and mitigate risks.
-
Financial Engineer: Financial engineering is a growing field that combines finance, mathematics, and computer programming. Graduates can work as financial engineers, designing and implementing complex financial models and systems to support trading strategies, asset allocation, and risk management.
-
Portfolio Manager: The program equips students with the skills needed to excel as portfolio managers. Graduates can manage investment portfolios, making strategic asset allocation decisions and optimizing risk-return trade-offs. They use mathematical models and data analysis techniques to enhance portfolio performance.
-
Data Scientist: With their strong quantitative background and programming skills, graduates can pursue careers as data scientists in the finance industry. They analyze large volumes of financial data, develop predictive models, and derive insights to support investment strategies, pricing decisions, and customer behavior analysis.
-
Financial Consultant: Graduates can work as financial consultants, providing advisory services to individuals and organizations. They use their expertise in financial mathematics to assist clients in areas such as investment planning, risk assessment, and financial decision-making.
-
Research Analyst: The program prepares students for research-oriented roles in finance. Graduates can work as research analysts in academic institutions, think tanks, or research departments of financial organizations. They conduct research, publish papers, and contribute to the development of financial theories and models.
-
Fintech Specialist: The growing field of financial technology (fintech) offers exciting career opportunities for graduates. With their strong mathematical and computational skills, graduates can work in fintech companies, developing innovative solutions for trading, risk management, algorithmic trading, and financial analytics.
-
Further Study: Graduates of the Master of Financial Mathematics program may choose to pursue further study at the doctoral level. A Ph.D. in Finance, Mathematics, or a related field can lead to academic or research-oriented careers in universities, research institutions, or industry think tanks.
