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88 weeks
Face-to-face (includes blended)
Full time
Term 1
Course Overview
Where You Can Study
Canberra
Northcott Dr, Canberra, ACT 2600
Eligibility
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\nIn limited cases, students with previous postgraduate or honours-level coursework, including Honours graduates from UNSW, may receive advanced standing/recognition of prior learning. Advanced standing is limited to a maximum of 24 UoC. Students who receive the maximum 24 UoC may complete the degree with 48 UoC, or one year of full-time study.
\nAdvanced standing will only be granted for courses at the honours or postgraduate level, not courses at the undergraduate level. Students must apply for advanced standing and the School of Mathematics and Statistics will determine if the student’s completed coursework is deemed equivalent to UNSW counterparts. Advanced standing is not guaranteed.
","links":[]}]}
{"domain":"Minimum Entry Requirements","requirements":[{"domain":{"label":"Minimum Entry Requirements","value":"minimum_entry_requirements"},"type":{"label":"Entry Requirements","value":"entry_requirements"},"cl_id":"22df58b8c3286610d91efd777d013164","description":"The entry requirement for the Master of Financial Mathematics is one of the following:
\n\nA recognised bachelor degree (or equivalent qualification) with a major in a cognate discipline area and an overall average of 65 or higher, as determined by the UNSW Postgraduate Coursework Entry Calculator; OR\nAn average of 65 or higher in at least 4 courses in mathematics or statistics at the second-year undergraduate level or above, as determined by the UNSW Postgraduate Coursework Entry Calculator.\n\nInternational students: Prospective international students need to meet the University's English language requirements.
\nAssumed knowledge: Several variable calculus, linear algebra, probability, and theory of statistics. (Applies to both admission pathways).
\nRecommended knowledge: Real analysis or measure theory, partial differential equations, and linear regression.
","links":[]}]}
Career & Study Pathways
Quality & Recognition
Academic Regulator
TEQSA
Accreditation Status
AccreditedCourse Content
Advanced Stochastic Processes
Core course (6 UOC)
Introduction to Stochastic Analysis
Core course (6 UOC)
Discrete Time Financial Modelling
Core course (6 UOC)
Computational Mathematics for Finance
Core course (6 UOC)
Continuous Time Financial Modelling
Core course (6 UOC)
Project
Research project (12 UOC), completed in one term
Advanced Mathematics Project A
Research project option (6 UOC), taken over two consecutive terms with supervisor approval
Advanced Mathematics Project B
Research project option (6 UOC), taken over two consecutive terms with supervisor approval
Common Questions
The program can be completed in 1.7 years of full-time study and consists of 12 courses totalling 72 Units of Credit (UOC). This includes 5 core courses (30 UOC) covering topics such as stochastic processes, discrete and continuous-time financial modelling, and computational methods; 5 elective courses (30 UOC) chosen from the School of Mathematics and Statistics and/or outside it; and 1 compulsory supervised research project (12 UOC).
All students must complete a compulsory supervised research project worth 12 UOC. This can be taken as MATH5925 Project (12 UOC) in one term, or as MATH5005 Advanced Mathematics Project A and MATH5006 Advanced Mathematics Project B (6 UOC each) over two consecutive terms with supervisor approval. A WAM of greater than 65 is recommended for MATH5925, and a WAM greater than 85 is recommended for MATH5005/5006. Enrolment in MATH5005/5006 requires approval from the Director of Postgraduate Studies and is subject to available research and supervision resources.
Yes. Students who have completed the Graduate Certificate (7659) with a WAM of 65 may apply to transfer and receive up to 24 UOC of Advanced Standing. Students who have completed the full 48 UOC of the Graduate Diploma (5659) with a WAM of 65 may receive up to 48 UOC of Advanced Standing. Students who have completed 24 UOC of the Graduate Diploma (5659) with a WAM of 65 may receive up to 24 UOC of Advanced Standing.
For domestic students, Commonwealth Supported Places (CSPs) are available; the 2026 indicative CSP first year fee is $7,000 and the indicative CSP fee to complete the degree is $10,000. For domestic full-fee paying students, the 2026 indicative first year full fee is $41,000 and the indicative full fee to complete the degree is $62,000. For international students, the 2026 indicative first year full fee is $60,500 and the indicative full fee to complete the degree is $93,500. All fees are subject to annual review and are a guide only.
UNSW is ranked #2 in Australia and in the global top 50 for mathematics according to the QS World University Rankings by Subject 2026. The School of Mathematics and Statistics maintains strong links with industry through research collaboration, ARC Linkage Grants, industry-sponsored courses, and ongoing alumni connections — providing students in the Master of Financial Mathematics with access to leading teaching, research, and professional networking opportunities.
Application
Three simple steps to get enrolled
Step 01
Enquire
Click "Enquire Now" and tell us a little about yourself. It's free and takes 2 minutes.
Step 02
Submit Documents
Our team will guide you on exactly which documents to prepare and submit.
Step 03
Get Enrolled
Receive your offer letter and confirm your enrolment. Welcome to the course!
Processing time: Offer letter issued within approximately 1 business days.
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