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Master of Mathematical Sciences (Financial Mathematics)

Advance your understanding in the real-life applications of mathematics and statistics and expand your career opportunities with the Master of Mathematical Sciences. 

For personalised assistance with UOW courses, please reach out to our Future Students Team:

Our team is available during Australian business hours, 9 am to 5 pm.

For other UOW contact details, click here.

For personalised assistance with UOW courses, please reach out to our Future Students Team:

Our team is available during Australian business hours, 9 am to 5 pm.

For other UOW contact details, click here.

Applicants can apply directly to UOW. You may be required to have scans or electronic copies of the following documents ready to attach to your application:

  • Academic qualifications relevant to your application
  • English proficiency evidence (if required)
  • Evidence of your citizenship, passport, or permanent residency status

Before you apply, please check the UOW course entry requirements, intake dates, and closing dates for your chosen degree.

International students are encouraged to apply with the support of an approved UOW agent. An agent can help navigate the application process and ensure that you submit all necessary documentation. For your nearest agent, please see our agent list.

Alternatively, if you would like to apply directly (without an agent), you can start the process through our Apply Online portal. Please note, some applicants will not be eligible to apply directly and will be prompted to apply via an agent.

Before starting your application, review the entry requirements, intake dates, and deadlines for your chosen degree at UOW. International students should also be aware of both UOW's general English language requirements and the English proficiency standards required for a student visa.

Need help?

Contact the UOW Future Students Team:

For more details about this course

Australia: 1300 367 869. International: +61 2 4221 3218

Student ?
Campus
Wollongong
Delivery ?
On Campus
Duration
2 years full-time, or part-time equivalent
Starts
  • Autumn 2025
  • Spring 2025
  • Autumn 2024
  • Spring 2024
Codes
CRICOS: 111163B
UOW: 3127

Overview

Designed for graduates with a background in mathematics and statistics, this degree provides the opportunity to consolidate and expand your existing mathematics and statistics knowledge while being equipped in the practice of mathematics in other disciplines such as computer science, business, science, and psychology. 

You will also develop skills in undertaking research on mathematical or statistical problems that arise in other disciplines, including how to effectively communicate and synthesise complex information with others. You will also complete a research or coursework-focused capstone project. 

See the course handbook for more information.

There is an opportunity to specialise further in areas including data science, financial mathematics, or applied statistics. Students who do not wish to choose a specialisation will work with the Academic Program Director to tailor your subject choices to align with your career goals and interests.

Special emphasis is placed on preparing graduates with practical experiences for employment across a range of industries.

You can specialise in a major by choosing from the following: 

Major 

Campus Availability 

Applied Statistics 

Wollongong (On Campus) 

Data Science 

Wollongong (On Campus) 

Financial Mathematics 

Wollongong (On Campus) 

See more

Financial Mathematics (specialisation)

Utilise sophisticated mathematical and statistical modeling to solve real-world problems and gain an edge over your competition with our major in financial mathematics. You will develop the practical skills necessary to be a leader in the formulation, implementation and evaluation of the models used to structure transactions, manage risk and construct investment strategies.

The financial mathematics major will equip you with a range of analytic, modelling, statistical and computational skills that can be applied directly to the financial sector, as well as the broader business landscape. You will also complete a research or coursework-focused capstone project.

Accreditation & professional recognition

Accreditation for this newly developed course is currently being sought from the Australian Mathematical Society.

Admissions information

A range of admission options are available for future students. The procedures governing admission are defined in UOW's Admissions Procedures, and the UOW College Admissions Policy.

For specific advice or to ask any questions regarding an application, please contact the UOW Future Students Team.

Applicants must achieve the required score in a previous qualification, equivalent to completing at least 13 years of schooling in Australia.

  • Academic Entry Requirements

    To succeed in your chosen course, you should have completed relevant subjects in senior high school or other qualifications. For more information, refer to UOW's Entry Requirements page.

  • English Language Requirements

    The following level of English is required to gain admission to this program:

     

    English Test

    Overall Score

    Reading

    Writing

    Listening

    Speaking
    IELTS Academic

    6.5

    6.0

    6.0

    6.0

    6.0
    TOEFL (Internet-based)

    86

    18

    18

    17

    17

     

    UOW College: English for Tertiary Studies: Credit (weighted average mark of 65 overall and minimum 50 in Academic Reading and Writing)

    Other qualifications may also be considered. Full details can be found on our English Language Requirements website.

  • Workload

    Full-Time Study Load

    As a full-time student, you can expect to commit around 48 hours of study per week. This includes class time and independent study. You may need to factor more time for examination study and practical work & placements.

    For more details on course workloads, please refer to the UOW Handbook.

  • Credit for Prior Learning

    If you have completed prior studies or relevant professional experience, you can request course credit or subject exemptions to reduce the duration and cost of your program.

    Credit for prior learning evaluates your previous study or work experience related to your chosen subjects.

    UOW values lifelong learning and recognizes various types of prior learning, regardless of how or where it was obtained. For more information, refer to UOW's Credit for Prior Learning page.

More detail

International Course fees table
Campus Delivery method Session fee* Course fee*
WollongongOn Campus$18600 (2024)$74400 (2024)
WollongongOn Campus$20472 (2025)$81888 (2025)

* Session fees are for one session for the year shown. Total course tuition fees shown are indicative, and are based on normal course length and progression. These fees are subject to change from year to year. However, if you receive an offer to study at UOW, your fees will be fully confirmed at the time of your offer.

Tuition fees are reviewing annually: fees payable are dependent on the year of commencement and are subject to increase during the period of study

Additional Fees

In addition to tuition, there are other fees and costs you will need to consider, including but not limited to:

  • Autumn, 2025 at Wollongong

    Orientation: 24 - 27 February 2025
    Session: 03 March - 27 June 2025

    Applications Close

    • Domestic Applicants (Direct): 31 December 2024*
    • International Applicants: 9 December 2024*

    *Applications must be complete with all required documentation.

    Late applications may be assessed for future sessions if an outcome for the requested session is not available.

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