Bachelor of Mathematics & Finance
UAC course code 756503
Financial institutions are employers of a large number of mathematics graduates. The Bachelor of Mathematics and Finance is an elite degree that provides graduates with a firm foundation in both mathematics and finance.
Finance is usually divided into three main areas: corporate finance, financial institutions and investments. The BMathFin degree covers the basics of all these areas, and allows students to specialise through the choice of elective subjects. This degree has advantages over the Bachelor of Commerce in providing students with a more thorough and comprehensive understanding of mathematics and statistics. This is essential for analysing corporate performance, the state of the market, or strategic planning.
Graduates have the skills to apply sophisticated mathematical/statistical techniques to real world problems. They may be involved in:
-forecasting markets for new products,
-monitoring the performance of particular stocks and securities on world stock exchanges,
-research & development planning,
-decision analysis,
-analyzing a client's current operating performance and financial condition,
-analyzing comparable company activity before a merger,
- corporate credit analysis and risk assessment.
Graduates are also encouraged to develop computing and communication skills, as these are an asset in the employment market.
In the first year, core (ie compulsory) subjects are taken and it is possible to swap between the Bachelor of Mathematics and Finance and the Bachelor of Mathematics and Economics degrees. In later years students can choose elective subjects that interest them from a wide range of options.
In the fourth year, students with a weighted average mark of 67.5 may choose to do Honours. This is a more challenging, research oriented program that adds prestige to the degree. It involves the completion of a project on a special topic chosen by the student and his/her supervisor.
All graduates from this degree working in the finance industry qualify for Associate membership of the Institute of Securities Finance and Banking (FINSIA).
Dean's Scholar Program
This degree is also available in the Dean's Scholar program. The Dean’s Scholars degrees are designed to provide an enriched educational experience for high achieving students that will encourage them to continue their studies through the completion of Honours and research degrees. See http://www.uow.edu.au/informatics/students/scholars/index.html for more details.
Recommended Competency Streams within the BMathFin degree
The following are three suggested courses of study within the BMathFin degree for those students wishing to pursue a career path in either:
- Quantitative Corporate Finance and Investments
- Risk Management and Insurance
- Financial Services.
The suggested programs are the result of extensive industry consultation. However, you should consult with your course advisor about your choice of subjects and course structure to ensure that you comply with all degree requirements.
Graduate Opportunities
Possible employers are merchant banks, trading banks, insurance companies, large businesses, government instrumentalities and stockbrokers. Examples include Home Purchase Assistance, Qld Treasury, Attorney General's Dept, AusAid, Sumitomo Trust and Banking Co, Tolhurst Corporate Finance, Mercator Capital Services, Credit Suisse, First City Corporate Advisory Services, Norths Securities, Investec Australia.
Finance careers include financial researchers, commercial business analyst, financial planners, foreign exchange consultants, trade finance officers, investment analysts, portfolio managers for trust funds, superannuation funds and insurance companies.
Employment Opportunities
Possible employers are merchant banks, trading banks, insurance companies, government instrumentalities and stockbrokers. Finance positions include financial researcher, market analyst, financial evaluator, business analyst, investment analyst, portfolio manager for trust funds, superannuation funds and insurance companies.
Assumed knowledge
HSC Mathematics Extension 1 and any 2 units of HSC English.
Course Duration
Bachelor of Mathematics and Finance can be completed in four years full-time or equivalent part-time study.
Degree Rules
Further enquiries to:
Dr Chandra Gulati
School of Mathematics and Applied Statistics
email: cmg@uow.edu.au
Ph (02) 4221 3836
Fax: (02) 4221 4845
Updated Mar 08
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