24 months
33840 AUD/year
32784 AUD/year
Tuition fee
Apply date
Start date


In this Master of Financial Mathematics offered by the University of Wollongong you will learn practical skills to lead the formulation, implementation and evaluation of models used by the financial sector to structure transactions, manage risk and construct investment strategies.

Visit the official programme website for more information


The growth of quantitative and computational finance has led to an increased demand for professionals with skills in both finance and mathematics. In particular, skills in stochastic processes, numerical methods, partial differential equations and optimisation are crucial in industries such as banking, insurance, utilities, investment and any company affected by international exchange rates.

The Master of Financial Mathematics offered by the University of Wollongong will be a valuable asset if you are seeking to further your career in managerial roles in the finance sector.

What you will study

Subjects include Multivariate and Vector Calculus, Differential equations: Analysis and Applications, Random Variables and Estimation, Statistical Inference and Introduction to Model Building, Managerial Finance, Stochastic Methods in Finance, and Applied Probability and Financial Risk.

Programme Structure

Courses include:

  • Multivariate and Vector Calculus
  • Differential Equations : Analysis and Aplication
  • Statistical Inference and Introduction to Model Building
  • Research Methods
  • Managerial Finance
  • Portfolio Management
  • Portfolio Simulation

Key information


  • Full-time
    • 24 months

Start dates & application deadlines


IELTS or TOEFL needed


96 alternative credits


On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
86 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

General requirements

  • A three-year Australian Bachelors degree, or equivalent, with at least one year of Mathematics or Statistics and an equivalent average mark of 60%.
  • CRICOS: 083829A

Tuition Fee

  • International

    33840 AUD/year
    Tuition Fee
    Based on the original amount of 67680 AUD for the full programme and a duration of 24 months.
  • National

    32784 AUD/year
    Tuition Fee
    Based on the original amount of 65568 AUD for the full programme and a duration of 24 months.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Financial Mathematics
University of Wollongong