Modern finance heavily relies on mathematical modelling, for instance managing investment portfolios, financial planning, pricing of financial products, or analysing business risk. The UNSW Master of Financial Mathematics program offers high-level training in principles of modern finance and its mathematical foundations, stochastic analysis, risk assessment, and relevant computational techniques.

Program Code




Total units of credit (UOC)




Indicative Enrolments


Why choose this degree?

This degree provides the financial sector (banks, insurance companies, investment companies) with a stream of highly trained specialists in quantitative finance. It will equip you with a range of in-demand skills, as well as providing the necessary preparation for further research in financial mathematics.

Who should choose this degree?

It is suitable for students who combine an aptitude for mathematics and statistics with a keen interest in finance, and are looking for a route to a high quality career in the financial industry.

Degree Structure

Degree Handbook

Career opportunities

  • Financial Planner
  • Financial Trader
  • Financial Consultant
  • Bank Manager
  • Investment Banker
  • Insurance Specialist
  • Quantitative Analyst
  • Risk Analyst

Entry requirements

Admission Requirements

To gain entry to this program, students must:

Have completed a Bachelor of Mathematics or a Bachelor of Science undergraduate degree with a major in mathematics or statistics; and Have sufficient mathematical and/or statistical background, as indicated by an average of 65 or above in level III mathematics and/or statistics university courses. Notes

In addition, students must have permission of the Head of School or Nominee to be admitted into the program.

Prospective international students should note they will need to meet the University's English language requirements.

Advanced Standing

Honours graduates in Mathematics or Statistics from UNSW (or equivalent) may receive advanced standing of up to a maximum of 24 UOC and may complete the degree within 48 UOC, or one year of full time study.

Students with a Graduate Diploma in Mathematics and Statistics from UNSW with a weighted average mark of 70 or more may receive advanced standing of up to a maximum of 48 UOC and may complete the degree with 24 UOC, or 0.5 year of full time study.

The specific advanced standing to be awarded will be determined at the time of admission and will be based on the student's background and previous study.

How to apply

Applications must be submitted through our Apply Online portal. We encourage you to submit your completed application as early as possible to ensure it will be processed in time for your preferred term. Some high-demand programs and Faculties with limited places may have an earlier application deadline or commencement date. Find out more.

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