Program Overview
The Master of Financial Mathematics program at UNSW equips students with advanced mathematical modeling skills for careers in finance and government. The program combines theoretical knowledge with practical applications, focusing on investment portfolio management, financial planning, and financial product pricing. Graduates develop critical thinking and communication abilities, preparing them for roles as financial analysts, risk managers, and other professionals in the financial sector.
Program Outline
Degree Overview:
The Master of Financial Mathematics program at UNSW provides students with the necessary skills and knowledge to enter the financial sector and government financial institutions. The program focuses on mathematical modeling to manage investment portfolios, financial planning, and pricing of financial products. The program is designed for students with an aptitude for mathematics and a keen interest in finance. Upon completion of the program, graduates will be equipped with the ability to communicate complex issues effectively to a range of audiences and develop advanced critical thinking skills.
Outline:
The Master of Financial Mathematics is a 1.7-year full-time program consisting of 10 courses, including five core courses and five electives. Students are also required to complete a compulsory supervised research project.
Core Courses:
- Advanced Stochastic Processes
- Introduction to Stochastic Analysis
- Discrete Time Financial Modelling
- Computational Mathematics for Finance
- Continuous Time Financial Modelling
Elective Courses (Select five):
- Optimisation
- Special Topics in Applied Mathematics A
- Special Topics in Applied Mathematics B
- Fluids, Oceans and Climate
- Special Topics in Applied Mathematics D
- Computational Mathematics for Science and Engineering
- Graph Theory
- Combinatorics
- Special Topics in Pure Mathematics A
- Special Topics in Pure Mathematics B
- Special Topics in Pure Mathematics C
- Functional Analysis
- Banach and Operator Algebras
- Number Theory
- Algebraic Topology
- Complex Analysis
- Modern Analysis
- Harmonic Analysis
- Galois Theory
- Modules and Representation Theory
- Special Topics in Statistics
- Applied Regression Analysis
- Continuous Time Financial Modelling
- Measure, Integration and Probability
- Statistical Methods in Epidemiology
- Advanced Stochastic Processes
- Data Mining and its Business Applications
- Time Series
- Multivariate Analysis
- Longitudinal Data Analysis
- Nonparametric Statistics
- Statistical Inference
- Design & Analysis of Clinical Trials
- Survival Analysis
- Categorical Data Analysis
- Bayesian Inference and Computation
- Discrete Time Financial Modelling
- Introduction to Stochastic Analysis
- Term Structure Modelling
Teaching:
The Master of Financial Mathematics program is taught by experienced faculty members who are actively involved in research in the field of financial mathematics. The program emphasizes a combination of theoretical knowledge and practical applications. Students are encouraged to actively participate in class discussions and engage in independent research projects.
Careers:
Graduates of the Master of Financial Mathematics program are well-prepared for a variety of careers in the financial sector and government financial institutions. Potential career paths include:
- Financial analyst
- Quantitative analyst
- Risk manager
- Portfolio manager
- Actuary
- Financial consultant
- Government economist
University of New South Wales, Sydney
Overview:
The University of New South Wales (UNSW) Sydney is a leading public research university located in Sydney, Australia. It is renowned for its academic excellence and is consistently ranked among the top universities in Australia and globally.
Services Offered:
UNSW Sydney offers a wide range of services to its students, including:
Study Options:
Undergraduate and postgraduate degrees, short courses, online programs, professional development opportunities, and Higher Degree Research.Campus Experience:
A vibrant campus environment with various facilities, including accommodation, student support services, and a comprehensive library.Support Services:
Academic advising, career counseling, financial aid, and mental health resources.International Student Support:
Dedicated services for international students, including visa assistance, cultural orientation, and English language programs.Student Life and Campus Experience:
UNSW Sydney provides a dynamic and engaging campus experience for its students. The university boasts a diverse student body, a wide range of clubs and societies, and numerous social and cultural events throughout the year. Students can enjoy a vibrant campus life with opportunities to connect with peers, explore their interests, and develop their skills.
Key Reasons to Study There:
Academic Excellence:
UNSW Sydney is recognized for its high-quality academic programs and world-class research.Global Reputation:
The university consistently ranks among the top universities in Australia and internationally.Research Opportunities:
Students have access to cutting-edge research facilities and opportunities to work alongside leading researchers.Career Development:
UNSW Sydney provides strong career support services and connections with industry partners.Vibrant Campus Life:
The university offers a diverse and engaging campus environment with numerous opportunities for student involvement.Academic Programs:
UNSW Sydney offers a wide range of academic programs across its eight faculties:
- Arts, Design & Architecture
- Business School
- Engineering
- Law & Justice
- Medicine & Health
- Science
- UNSW Canberra
The university is particularly known for its strengths in engineering, business, medicine, and science.
Entry Requirements:
- Bachelor of Mathematics or Bachelor of Science degree with a major in mathematics and statistics
- sufficient mathematical and/or statistical background, as indicated by a minimum weighted average mark (WAM) of 65 or above in level III mathematics and/or statistics university courses. In addition, you must have permission of the Head of School or Nominee to be admitted into the program.
Language Proficiency Requirements:
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:
- English language tests and university English courses
- Prior study in the medium of English
- Other qualifications 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.
