Master of Financial Mathematics

Postgraduate Entry Requirements:

Academic Qualifications: To be eligible for postgraduate programs, international students should hold a bachelor's degree or equivalent qualification from a recognized institution. Minimum 65% in your previous academic qualifications.

English Language Proficiency:

• IELTS: Overall 6.5 or 7.0, depending on the program, with no band less than 6.0.
• TOEFL: Overall 79, with minimum subsection scores of Listening 12, Reading 13, Writing 21, and Speaking 18.
• PTE: Overall 58, with a minimum of 50 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.

Monash University offers a range of scholarships to both domestic and international students to help cover the cost of tuition fees, living expenses, and other study-related costs. These scholarships are awarded based on academic excellence, financial need, leadership potential, and other criteria.

1. Monash International Merit Scholarship: This scholarship is offered to international students who have demonstrated academic excellence in their previous studies. The scholarship provides up to $10,000 per annum for the duration of the student's course.

2. Monash Graduate Scholarship: This scholarship is available to high-achieving domestic and international students who are undertaking a graduate research degree at Monash University. The scholarship provides a living allowance of $29,500 per annum, as well as a range of other benefits.

3. Monash Asylum Seekers Scholarship: This scholarship is designed to provide financial assistance to asylum seekers who are undertaking undergraduate or postgraduate study at Monash University. The scholarship covers the cost of tuition fees, as well as a range of other study-related expenses.

4. Monash Equity Scholarship: This scholarship is offered to students who have experienced financial hardship or other forms of disadvantage that have impacted their ability to succeed academically. The scholarship provides up to $6,000 per annum to assist with living expenses and other costs.

5. Monash Indigenous Scholarship: This scholarship is available to Indigenous students who are undertaking undergraduate or postgraduate study at Monash University. The scholarship provides a range of benefits, including financial assistance, mentoring, and academic support.

The Master of Financial Mathematics program at Monash University, Melbourne opens up a wide range of rewarding career opportunities in the financial industry. Graduates of this program possess the unique combination of advanced mathematical and quantitative skills, along with a deep understanding of financial markets and risk management.

1. Quantitative Analyst: Quantitative analysts, also known as "quants," play a crucial role in financial institutions. They apply mathematical and statistical models to analyze financial data, develop trading strategies, and assess investment risks. Graduates with a Master of Financial Mathematics are well-equipped for such roles, as they have a strong foundation in quantitative methods and financial modeling. Quantitative analysts work in investment banks, hedge funds, asset management firms, and other financial institutions.

2. Risk Analyst: Risk analysts evaluate and manage financial risks within organizations. They use mathematical models and statistical tools to identify potential risks, assess their impact, and develop risk mitigation strategies. The Master of Financial Mathematics program prepares graduates with the necessary skills to analyze complex financial risks, including credit risk, market risk, and operational risk. Risk analysts are employed by banks, insurance companies, regulatory agencies, and consulting firms.

3. Financial Consultant: Financial consultants provide expert advice to individuals and businesses regarding their financial decisions. With their in-depth understanding of financial markets and investment strategies, graduates of the Master of Financial Mathematics program can excel in this role. They can offer insights on portfolio diversification, risk management, asset allocation, and financial planning. Financial consultants work in financial advisory firms, wealth management companies, and consultancy firms.

4. Portfolio Manager: Portfolio managers oversee the investment portfolios of individuals, institutions, or funds. They make investment decisions based on market analysis, risk assessment, and client objectives. Graduates with a Master of Financial Mathematics have the quantitative skills and knowledge required to excel in this role. They can construct optimal portfolios, analyze investment performance, and adapt strategies to changing market conditions. Portfolio managers work in asset management firms, pension funds, and investment companies.

5. Financial Data Analyst: Financial data analysts focus on collecting, organizing, and analyzing financial data to extract insights and support decision-making. They use statistical software and programming languages to process and manipulate large datasets. The Master of Financial Mathematics program equips graduates with strong data analysis skills, enabling them to excel in this data-driven field. Financial data analysts work in financial institutions, fintech companies, and data analytics firms.

6. Researcher or Academic: Some graduates may choose to pursue a career in research or academia. With their advanced knowledge in financial mathematics and quantitative methods, they can contribute to the development of financial theories, models, and algorithms. They may work as researchers in academic institutions or join think tanks and research organizations focused on financial markets and risk management.