Financial Mathematics - S6001
Master's 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. This combination is essential 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.
PATHWAYS AND OUTCOMES
Alternative exit(s)
Students may exit this course early and apply to graduate with the following, provided they have satisfied the requirements for that award:
- Graduate Certificate in Financial Mathematics
- Graduate Diploma in Financial Mathematics.
Further studies
Upon completion of the Master of Financial Mathematics, depending on level of achievement, students may be eligible to apply for admission to the Doctor of Philosophy (PhD).
GET IN TOUCH
If you have more questions, please get in touch.
Contact:
Book a one-on-one phone or Zoom consultation with the Course Director or Course Coordinator
At a glance
Course Details
Location |
|
|---|---|
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 |
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 | An Australian bachelor degree (or equivalent) with a strong mathematical content* with at least a 65% credit average. *i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations. |
Entry level 2: 72 points to complete | An Australian bachelor degree (or equivalent) in mathematics with at least a 65% credit average. or An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% high credit 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 | A four-year Australian honours degree (or equivalent) in mathematics with at least 65% high credit 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 | or | Pearson Test of English (Academic): 58 Overall score, with minimum scores: Listening 50, Reading 50, Speaking 50 and Writing 50 | or | TOEFL iBT: 0 - 120 scale: 1 - 6 scale: | or |
Courses that require English Level A only: Other approved English tests (minimum entry scores apply) Courses with English Level B, C, D, E and F: Other approved English tests (higher entry scores apply than specified) |
University entrance requirements
Minimum entrance requirements for admission to Monash University Australia.
The course structure and progression map can be viewed in the Handbook.
Making the application
Future students
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. The fees for 2026 are:
A$57,700
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
International course guides
If you are an international student and wish to find out more about our courses, entry requirements, studying at Monash and more, please download our international course guides below.
International Study Grants
