Financial Mathematics - S6001

Financial Mathematics

Expert master degree

Across the world, talented mathematicians are highly sought-after by banks and other financial institutions to help manage the increasingly complex and risky financial sector. Particularly valued today are those who are able to combine technical knowledge and mathematical problem-solving ability with fluency in the language of finance, in order to solve practical problems in the industry such as complex derivatives pricing, quantitative risk management and portfolio allocation.

The Monash Master of Financial Mathematics is a mathematics course designed for application in a business context. It is designed for graduates from across the globe with an aptitude and passion for mathematics and statistics, as well as a keen interest in finance and insurance. This is not a course for generalists; this is a highly specialised degree for students seeking a future in the world of professional quantitative finance.

You will be taught by mathematicians who are leading researchers in areas such as probability, stochastic processes and statistics, computational mathematics and machine learning, and with connections across the financial and insurance industries. You will have access to the state-of-the-art teaching facilities, including a Bloomberg data terminal lab. Industry projects and placements, being a core component of the degree, will provide you with an opportunity to gain valuable workplace experience and kickstart your career.

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At a glance

Course Details

Location
  • On-campus at Clayton: Full time
Duration
1 year/1.5 years/2 years (full time), depending on prior qualifications. See entry requirements.
Start date
Semester one (February), Semester two (July)
Qualification
Master of Financial Mathematics
Course Handbook

Entry Requirements

You need to satisfy the following entrance requirements to be considered for entry to this course.

Minimum Entry Requirements (International students)

Qualifications

Entry level 1: 96 points to complete Duration: 2 years full-time, 4 years part-time

An Australian bachelor degree (or equivalent) with a strong mathematical content* with at least a 65% average.

*i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations.

Entry level 2: Duration: 72 points to complete 1.5 years full-time, 3 years part-time

An Australian bachelor degree (or equivalent) in mathematics with at least a 65% average.

or

An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% average.

*I.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations.

Entry level 3: 48 points to complete Duration: 1 years full-time, 2 years part-time

A four-year Australian honours degree (or equivalent) in mathematics with at least 65% average.

English entry requirements

Level A
IELTS (Academic): 6.5 Overall score, with minimum band scores: Listening 6.0, Reading 6.0, Writing 6.0 and Speaking 6.0 Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50TOEFL Internet-based test: 79 Overall score, with minimum scores: Reading 13, Listening 12, Speaking 18 and Writing 21 Equivalent approved English test

University entrance requirements

Minimum entrance requirements for admission to Monash University Australia.

The course structure can be viewed in the Handbook. You can also view the course map.

Making the application

Future students

Semester one (February)

Apply directly to Monash using course code S6001

Apply

Semester two (July)

Apply directly to Monash using course code S6001

Apply

Current Monash students

You may apply to transfer from another Monash course. Transfers are a competitive process. You may apply mid-year for available courses however consideration will be given as to whether you will be able to follow your course progression.

Please note that if you apply for a course transfer, you should still enrol in your current course as if you were continuing so as not to jeopardise your enrolment in the Faculty if your transfer application is unsuccessful. More about Course Transfer...

Self assess for credit eligibility

Check for study credit using the "Credit search" link on the Credit for prior study page

Fees

Fees are subject to change annually.

International fee

Fees are per 48 credit points which represents a standard full-time course load for a year.

A$48,600

Scholarships

We offer over 360 types of scholarships, valued at up to $280,000. Some scholarships offer one-off payments while others continue for the length of your course. Learn more about Monash Scholarships.

Other costs and fees

For information on other study costs and fees, see other study costs.

Enrolment Obligations

International students enrolling in a CRICOS-registered course can study no more than one third (33%) of their course by distance and/or online learning. Students must enrol in at least one unit that is not by distance and/or online in each compulsory study period unless the student is completing the last unit of their course. See standard 8.19 and 8.20 of National Code of Practice for Providers of Education and Training to Overseas Students 2018.

CRICOS code: 086157A