Master of Financial Mathematics at Monash University

Master's Degree Mathematics Full Time

Master of Financial Mathematics

at Monash University · Melbourne, Victoria

CRICOS course code

086157A

CRICOS provider code

00008C

This course is registered on the Commonwealth Register of Institutions and Courses for Overseas Students. Verify it yourself at cricos.education.gov.au before paying any fee.

Duration

2 years

Tuition (whole course)

A$118,862 total

Per year

A$59,431/yr

Intake

Semester 1 (Feb/Mar), Semester 2 (Jul)

About this program

The Master of Financial Mathematics at Monash University provides a comprehensive approach to the intersection of mathematics and finance. This two-year master's programme, offered as part of the public higher education sector in Melbourne, suits those aiming to deepen their mathematical knowledge while applying it to financial contexts. The course is structured over four semesters and encompasses a range of units focusing on quantitative analysis, financial theory, and statistical methods relevant to financial markets.

Students will engage in a curriculum designed to develop critical skills in financial modelling, risk management, and investment strategies. In addition to the theoretical foundation, participants will benefit from practical experience through work-integrated learning opportunities, allowing them to apply their knowledge in real-world settings. The programme culminates in a capstone project, where students conduct research or engage in a practical project, synthesising their learning and preparing them for the workforce.

This master's degree is tailored for aspiring analysts, financial engineers, statisticians, and risk managers who have a strong foundation in mathematics. The programme welcomes both domestic and international candidates, requiring English proficiency as per the academic standards. Graduates will emerge equipped with advanced analytical and problem-solving skills, making them valuable assets in various sectors of the finance industry.

Entry requirements

English: International applicants must evidence English proficiency. IELTS Academic 6.0–6.5 overall is the common undergraduate and coursework-postgraduate standard, rising to 7.0–7.5 for teaching, nursing, medicine, law and social work. TOEFL iBT, PTE Academic, Cambridge C1 Advanced and the university’s own English programmes are accepted as equivalents; the Department of Home Affairs sets a separate English threshold for the Student visa itself.

International students: Registered on CRICOS for international students. A Confirmation of Enrolment (CoE) for this course supports a Student visa (subclass 500) application; Overseas Student Health Cover is required for the full duration.

Career outcomes

Financial Analyst in corporate finance
Risk Manager in financial institutions
Quantitative Analyst in investment banks
Data Scientist in financial technology companies
Financial Consultant in consultancy firms

Frequently asked questions

How long is the Master of Financial Mathematics at Monash University?

It typically takes 2 years, with intakes in Semester 1 (Feb/Mar), Semester 2 (Jul).

How much is the tuition?

Tuition is around A$118,862 total. Fees change yearly, confirm with an advisor.

What are the career outcomes?

Financial Analyst in corporate financeRisk Manager in financial institutionsQuantitative Analyst in investment banksData Scientist in financial technology companiesFinancial Consultant in consultancy firms

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