Undergraduate Courses
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Bachelor of Mathematics and Finance (Honours) (Dean's Scholar)

The course information on this page is for new students commencing their degree in 2016 only. 

Students should follow the rules and requirements for the year that they commenced their course. The online course information for years prior to 2016 are available from the Archives link in the menu.

Students should also review current subject availabilities via the Subject Descriptions link in the menu.

Testamur Title of Degree:

Bachelor of Mathematics and Finance (Honours) (Dean's Scholar)

Abbreviation:

BMathFin(Hons)(Dean'sSchol)

UOW Course Code:

362

CRICOS Code:

085501J

Total Credit Points:

192

Duration:

4 years full-time or part-time equivalent

Home Faculty:

Faculty of Engineering and Information Sciences

Intake Session(s):

Autumn

Delivery Mode:

On-campus (Face-to-face)

Delivery Campus / UAC Code:

Wollongong / 756520

Additional Information:

Course Finder

Overview 

Dean's Scholars degrees are highly recognisable, giving students the edge in competitive employment. The degree offers a challenging and enriched educational experience for high-achieving students who want to perform above the level normally expected. Students are also encouraged to continue their studies through the completion of Honours and research programs. 

Students complete the normal course requirements for the degree with the addition of an early research subject. Dean’s Scholars are also encouraged to contribute to the scholarly life of the Faculty through events in the Faculty's postgraduate program.

Places are limited each year. Current students who have achieved a weighted average mark (WAM) of 80 at the end of one year of full-time study in a relevant degree may apply to transfer to the Dean’s Scholar degree. 

Entry Requirements

Academic requirements and English requirements are available from the Course Finder.

Course Learning Outcomes

Students graduating from the Bachelor of Mathematics and Finance (Honours) (Dean's Scholar) will be able to:

  1. Demonstrate advanced theoretical and technical knowledge in mathematics, statistics and finance.
  2. Integrate knowledge derived from finance and mathematics.
  3. Demonstrate advanced cognitive and technical skills in mathematics, statistics and finance to select and apply mathematical or statistical methods to analyse and generate solutions to complex problems in finance.
  4. Transmit mathematical, statistical and financial knowledge, skills and ideas to others.
  5. Apply mathematical and statistical knowledge to professional practice in finance.
  6. Apply professional, social and ethical approaches in learning to demonstrate autonomy and well-developed judgement as a financial mathematician or statistician.
  7. Plan and compose a research-based project or piece of scholarship that demonstrates understanding and critical analysis in financial mathematics or financial statistics.

Course Structure 

Course programs for the Bachelor of Mathematics and Finance (Honours) (Dean's Scholar) degree consist of the current (non-Dean's Scholar) Bachelor of Mathematics and Finance (Honours) program, with the following changes. 

  • Students may replace MATH407 with a 400 level subject from the List of Electives.

Continuation in the Dean's Scholar degree will normally be dependent on the student achieving a WAM of at least 80 in each year of study. Students who do not meet the required average will be transferred to the equivalent non-Dean's Scholars degree.

Students who enrol in Bachelor of Mathematics and Finance (Honours) (Dean’s Scholar) are required to satisfactorily complete at least 192 credit points of subjects, consisting of:

  1. all compulsory subjects listed in the course structure table below,
  2. one of Dean’ Scholar core subjects, i.e. either MATH235 Mathematics Project A or STAT235 Statistics Project A.
  3. INFO401 Mathematics and Finance Honours Project (12 credit points); 
  4. at least 54 additional credit points of 300- and/or 400-level subjects; which must include:
    • 18 credit points of MATH/STAT/INFO* subjects,
    • 18 credit points of ACCY/FIN/ECON subjects,
    • 18 credit points of 400-level subjects, and
  5. at least one 400-level 6 credit point MATH, STAT or INFO* subject, other than MATH407.

*Refers to INFO subjects in the List of Electives.

In order to progress to the fourth Dean's Scholar version of the Honours program, students must attain an average of at least 65% in the first 144 credit points completed. Students who do not meet this requirement will be transferred to the Bachelor of Mathematics and Finance (Honours) degree.

The classes of Honours awarded are defined in the General Course Rules Section 8. The Honours grade will be calculated in accordance with Method 2.

Subject CodeSubject NameCredit PointsSession(s)
Year 1
ACCY111Accounting Fundamentals In Society6Autumn, Spring
ACCY112Accounting In Organisations6Autumn, Spring
ECON102Economics and Society6Autumn, Spring
MATH187Mathematics 1: Algebra and Differential Calculus6Autumn
MATH188Mathematics 2: Series and Integral Calculus6Spring
MATH111Applied Mathematical Modelling 16Spring
STAT131Understanding Variation and Uncertainty6Autumn
Plus ONE of the following two subjects:
ISIT111Programming Concepts6Autumn
CSIT111Programming Fundamentals6Autumn, Spring
# Not compulsory, but highly recommended. Students may select an alternative subject from the List of Electives or enrol in a compulsory subject from a later year of the program
Year 2
FIN 222Corporate Finance6Autumn, Spring
ECON100 Economics Essentials for Business6Autumn, Spring
MATH201Multivariate and Vector Calculus6Autumn
MATH202Differential Equations 26Spring
FIN 223Investment Analysis6Autumn, Spring
STAT231Probability and Random Variables6Autumn
STAT232Estimation and Hypothesis Testing6Spring
Plus ONE subject chosen from List of Electives
Year 3
FIN 322Advanced Corporate Finance6Spring
FIN 323Portfolio Analysis6Autumn
ECON331Financial Economics6Spring
MATH203Linear Algebra6Autumn
MATH317Financial Calculus6Autumn
STAT332Linear and Generalised Linear Models6Spring
Plus ONE subject chosen from List of Electives6
Plus ONE of the Dean’s Scholar core subjects below 
MATH235Mathematics Project A6Autumn, Spring
STAT235Statistics Project A6Autumn, Spring
Year 4
MATH407Research Methods6Autumn
INFO401Mathematics and Finance Honours Project12Annual
Plus subjects chosen from the List of Electives30
List of Electives
Any MATH, STAT, FIN or ECON subject plus the subjects below.
ACCY200Financial Accounting IIA6Autumn, Spring
ACCY201Financial Accounting IIB6Spring, Summer
ACCY228Taxation for Financial Planners6Spring
CSIT113Problem Solving6Autumn, Spring
CSCI121Object Oriented Design and Programming6Autumn, 
CSCI211Advanced Programming6Not offered in 2016
CSCI235Database Systems6Autumn
ISIT301Professional Practice & Ethics6Autumn
INFO411Data Mining and Knowledge Discovery6Autumn
INFO412Mathematics for Cryptography6Autumn
CSIT115Database Management and Security6Autumn
LAW 101Law, Business and Society6Autumn
MARK101Marketing Principles6Autumn, Spring
MGNT110Introduction to Management6Autumn, Spring
MGNT208Introduction to Management for Professionals A6Autumn

Majors

All Bachelor of Mathematics and Finance (Honours) (Dean's Scholar) students wishing to qualify for one of the major studies must satisfy all the Course Rules specified above. To qualify for a major, additional requirements must be met, which are detailed below together with suggested programs of study. The possible majors are:

Please note that the Quantitative and Computational Trading major requires more than 192 credit points to complete this major.

 

Credit Arrangements

Credit and articulation arrangements are available from the Course Finder. Refer to UOW's credit arrangements for information on how to apply for credit.

Professional Recognition/Accreditation

The Bachelor of Mathematics and Finance (Honours) (Dean's Scholar) is accredited by the Australian Mathematical Society.

Completion of this degree provides 'points' towards membership of Financial Services Institute of Australasia (FINSIA). (Their membership system allocates points based on a person's qualifications and industry experience. See their website for more details.

The Bachelor of Mathematics and Finance (Honours) (Dean's Scholar) major "Financial Planning" has been placed on the Australian Securities and Investment Commission's (ASIC) training register. This means that students completing this major will satisfy Tier 1 of ASIC's training requirements relevant to a range of advisory activities. Such accreditation is very important for those wishing to pursue quantitative careers in the financial services industry.

Students who complete the "Risk Management and Insurance" major and who wish to pursue a professional actuarial qualification are eligible for entry to the Master of Actuarial Studies (1.5 years) at the University of New South Wales (minimum credit average 65% grade), the Master of Actuarial Practice (1.5 years) at Macquarie University (minimum GPA of 3), and the Master of Actuarial Statistics (1 year) or Master of Actuarial Studies (2 year) programs at the Australian National University (minimum 65% grade in last two years of study). Students may also qualify for exemptions in these courses and should contact program directors about the level of professional qualification offered in each Masters degree.

Other Information

Further information is available at:
UOW Course Finder
Email: eis@uow.edu.au
Email: Academic Program Director

Last reviewed: 24 March, 2016