Bachelor of Mathematics/Bachelor of Economics

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.

English Language Proficiency:

• IELTS: Overall band score of 6.0 or 6.5 with a minimum of 5.5 in each component.
• TOEFL: Overall score of 100 with a minimum of 23 in each section.
• PTE (Pearson Test of English): Overall score of 72 with a minimum of 64 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.

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.

Graduates of The University of Queensland’s Bachelor of Mathematics/Bachelor of Economics (BMath/BEcon) program possess a unique and powerful combination of skills in quantitative analysis and economic theory. This interdisciplinary training opens up a multitude of career opportunities across various sectors, including finance, government, academia, and industry. 

Economic Analyst: Economic analysts use their knowledge of economic theory and mathematical techniques to evaluate economic data, forecast trends, and assess the impact of economic policies. They work in government agencies, research institutions, and private sector companies, providing insights that inform decision-making and policy development.

Financial Analyst: Financial analysts assess the performance of stocks, bonds, and other types of investments. They use mathematical models to analyze financial data, forecast economic conditions, and develop investment strategies. This role is prevalent in investment banks, asset management firms, and corporate finance departments.

Data Scientist: Data scientists apply mathematical and statistical methods to analyze large datasets, uncover patterns, and make data-driven decisions. Graduates with strong quantitative skills and economic knowledge are well-suited for roles in technology companies, financial institutions, and consulting firms, where they can leverage their expertise to solve complex business problems.

Actuary: Actuaries specialize in assessing financial risk and uncertainty using mathematics, statistics, and economic theory. They work in insurance companies, pension funds, and consulting firms, designing and evaluating financial products and strategies to manage risk.

Quantitative Analyst (Quant): Quantitative analysts, or quants, use mathematical models to develop trading strategies, manage financial risks, and optimize investment portfolios. They are highly sought after in investment banks, hedge funds, and proprietary trading firms, where their skills are crucial for competitive advantage in financial markets.

Policy Advisor: Policy advisors analyze economic data and provide recommendations to government agencies, non-profit organizations, and think tanks. They play a key role in shaping public policy by evaluating the economic implications of legislative and regulatory initiatives.

Operations Research Analyst: Operations research analysts use advanced mathematical and analytical methods to help organizations solve problems and make better decisions. They work in various industries, including manufacturing, logistics, and healthcare, optimizing processes and improving efficiency.

Econometrician: Econometricians specialize in the application of statistical methods to economic data. They conduct research to develop models that test economic theories and inform policy decisions. This role is common in academic institutions, research organizations, and government agencies.

Investment Banker: Investment bankers advise companies on mergers, acquisitions, capital raising, and other financial transactions. Graduates with a strong background in mathematics and economics can excel in this field, where analytical and quantitative skills are crucial for evaluating deals and structuring transactions.

Risk Manager: Risk managers identify, assess, and mitigate risks that could impact an organization’s financial health. They use quantitative methods to analyze financial data and develop strategies to manage credit risk, market risk, and operational risk. This role is critical in banks, insurance companies, and corporate risk management departments.

Market Research Analyst: Market research analysts study market conditions to identify potential sales opportunities for products and services. They use their analytical skills to interpret data on consumer preferences, market trends, and competitive dynamics, helping businesses develop effective marketing strategies.

Academic Researcher/Professor: Graduates who pursue further studies (e.g., a Ph.D.) can embark on academic careers as researchers and professors. They contribute to the advancement of knowledge in economics and mathematics through teaching and research at universities and research institutions.

Statistician: Statisticians design and analyze experiments and surveys to collect and interpret data. They work in various sectors, including government, healthcare, and market research, providing statistical insights that inform decision-making.

Consultant: Consultants provide expert advice to organizations on a wide range of issues, including strategy, operations, and finance. Graduates with strong analytical and problem-solving skills are well-equipped to work in consulting firms, helping clients solve complex business challenges.