Master of Financial Mathematics
Natural sciences, mathematics and statistics
Across the world, talented mathematicians are highly sought-after by banks and other financial institutions to help manage the increasingly complex and risky financial sector. Particularly valued today are those who are able to combine technical knowledge and mathematical problem-solving ability with fluency in the language of finance. This combination is essential to solve practical problems in the industry such as complex derivatives pricing, quantitative risk management and portfolio allocation. The Monash Master of Financial Mathematics is a mathematics course designed for application in a business context. It is designed for graduates from across the globe with an aptitude and passion for mathematics and statistics, as well as a keen interest in finance and insurance. This is not a course for generalists
Official- Duration
- 2 years
- Qualification
- Masters Degree
- AQF 9
- Campus
- Clayton
- VIC
- Course code
- CRICOS 086157A
Campus images supplied directly by the institution.
Course overview
Across the world, talented mathematicians are highly sought-after by banks and other financial institutions to help manage the increasingly complex and risky financial sector. Particularly valued today are those who are able to combine technical knowledge and mathematical problem-solving ability with fluency in the language of finance. This combination is essential to solve practical problems in the industry such as complex derivatives pricing, quantitative risk management and portfolio allocation. The Monash Master of Financial Mathematics is a mathematics course designed for application in a business context. It is designed for graduates from across the globe with an aptitude and passion for mathematics and statistics, as well as a keen interest in finance and insurance. This is not a course for generalists
Entry requirements
Requirements are recorded per intake year and per audience. Meeting them does not guarantee an offer.
Entry level 1: 96 points to complete Duration: 2 years full-time, 4 years part-timeAn Australian bachelor degree (or equivalent) with a strong mathematical content* with at least a 65% credit average. i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations. Entry level 2: 72 points to complete Duration: 1.5 years full-time, 3 years part-timeAn Australian bachelor degree (or equivalent) in mathematics with at least a 65% credit average. or An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% high credit average. Entry level 3: 48 points to complete Duration: 1 years full-time, 2 years part-timeA four-year Australian honours degree (or equivalent) in mathematics with at least 65% high credit average. Planning reference: missing 2027 requirements use the latest published requirements from 2026; newer explicit 2027 requirements take precedence.
English language
Band minimums apply in addition to the overall score.
- IELTS AcademicOverall 6.5L 6 · R 6 · W 6 · S 6
- PTE AcademicOverall 58L 50 · R 50 · W 50 · S 50
- TOEFL iBTOverall 79L 12 · R 13 · W 21 · S 18
Additional requirements
Academic entry requirement
Entry level 1: 96 points to complete Duration: 2 years full-time, 4 years part-timeAn Australian bachelor degree (or equivalent) with a strong mathematical content* with at least a 65% credit average. i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations. Entry level 2: 72 points to complete Duration: 1.5 years full-time, 3 years part-timeAn Australian bachelor degree (or equivalent) in mathematics with at least a 65% credit average. or An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% high credit average. Entry level 3: 48 points to complete Duration: 1 years full-time, 2 years part-timeA four-year Australian honours degree (or equivalent) in mathematics with at least 65% high credit average.
Additional entry requirement
Recognised bachelor-equivalent qualification; course-specific score, discipline and additional requirements; English proficiency.
Intakes and tuition
Tuition is recorded per intake with the institution's own basis. Superseded rows are kept so fee changes stay visible.
| Intake | Campus | Starts | Applications close | Tuition | For |
|---|---|---|---|---|---|
| 2027 · Semester 1 | Clayton | — | — | $54,500per year | International students |
| 2027 · Semester 2 | Clayton | — | — | — | International students |
Where it is taught
References
Official course page, institution website and the sources behind this profile.
- Master of Financial Mathematicsmonash.edu
- Monash Universitymonash.edu
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