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Bachelor of Mathematics and Finance (Honours)
The course information on this page is for new students commencing their degree in 2016 only.
Students should follow the rules and requirements for the year that they commenced their course. The online course information for years prior to 2016 are available from the Archives link in the menu.
Students should also review current subject availabilities via the Subject Descriptions link in the menu.
Testamur Title of Degree: | Bachelor of Mathematics and Finance (Honours) |
Abbreviation: | BMathFin(Hons) |
UOW Course Code: | 356 |
CRICOS Code: | 085498K |
Total Credit Points: | 192 |
Duration: | 4 years full-time or part-time equivalent |
Home Faculty: | Faculty of Engineering and Information Sciences |
Intake Session(s): | Autumn/Spring |
Delivery Mode: | On-campus (Face-to-face) |
Delivery Campus / UAC Code: | Wollongong / 756503 |
Additional Information: | Course Finder |
Overview
Advanced skills in mathematics are essential to good decision making in the world of finance. Graduates of this course have the skills to apply sophisticated mathematical and statistical techniques to real world problems and are also encouraged to develop computing and communication skills, which are an asset in the employment market.
The degree allows students to specialise through one of five optional majors:
- Financial Planning
- Mathematical Economics
- Quantitative Corporate Finance and Investments
- Quantitative and Computational Trading
- Risk Management and Insurance.
All graduates from this degree working in the finance industry qualify for Associate membership of the Financial Services Institute of Australasia (FINSIA).
Entry Requirements
Academic requirements and English requirements are available from the Course Finder.
Course Learning Outcomes
Students graduating from the Bachelor of Mathematics and Finance (Honours) will be able to:
- Demonstrate advanced theoretical and technical knowledge in mathematics, statistics and finance;
- Integrate knowledge derived from finance and mathematics;
- Demonstrate advanced cognitive and technical skills in mathematics, statistics and finance to select and apply mathematical or statistical methods to analyse and generate solutions to complex problems in finance;
- Transmit mathematical, statistical and financial knowledge, skills and ideas to others;
- Apply mathematical and statistical knowledge to professional practice in finance; and
- Apply professional, social and ethical approaches in learning to demonstrate autonomy and well-developed judgement as a financial mathematician or statistician.
Course Structure
Students who enrol in Bachelor of Mathematics and Finance (Honours) are required to satisfactorily complete at least 192 credit points of subjects, consisting of:
- all compulsory subjects listed in the course structure table below;
- INFO401 Mathematics and Finance Honours Project (12 credit points);
- at least 54 additional credit points of 300- and/or 400-level subjects; which must include:
- 18 credit points of MATH/STAT/INFO* subjects,
- 18 credit points of ACCY/FIN/ECON subjects,
- 18 credit points of 400-level subjects, and
- at least one 400-level 6 credit point MATH, STAT or INFO* subject other than MATH407.
*Refers to INFO subjects in the List of Electives.
After completion of 144 credit points, students must attain an average of 65% or higher to continue into fourth year. Students who do not meet this requirement will be transferred to the Bachelor of Mathematics.
The classes of Honours awarded are defined in the General Course Rules Section 8. The Honours grade will be calculated in accordance with Method 2.
The following program of study is recommended to satisfy the requirements in minimum time. The subjects listed are compulsory unless otherwise stated.
Subject Code | Subject Name | Credit Points | Session(s) |
---|---|---|---|
Year 1 | |||
ACCY111 | Accounting Fundamentals In Society | 6 | Autumn, Spring |
ACCY112 | Accounting In Organisations | 6 | Autumn, Spring |
ECON102 | Economics and Society | 6 | Autumn, Spring |
MATH187 | Mathematics 1: Algebra and Differential Calculus | 6 | Autumn |
MATH188 | Mathematics 2: Series and Integral Calculus | 6 | Spring |
MATH111 | Applied Mathematical Modelling 1 | 6 | Spring |
STAT131 | Understanding Variation and Uncertainty# | 6 | Autumn |
Plus ONE of the following two subjects: | |||
ISIT111 | Programming Concepts | 6 | Autumn |
CSIT111 | Programming Fundamentals | 6 | Autumn, Spring |
# Not compulsory, but highly recommended. Students may select an alternative subject from the List of Electives or enrol in a compulsory subject from a later year of the program | |||
Year 2 | |||
FIN 222 | Corporate Finance | 6 | Autumn, Spring |
ECON100 | Economic Essentials for Business | 6 | Autumn, Spring |
MATH201 | Multivariate and Vector Calculus | 6 | Autumn |
MATH202 | Differential Equations 2 | 6 | Spring |
FIN 223 | Investment Analysis | 6 | Autumn, Spring |
STAT231 | Probability and Random Variables | 6 | Autumn |
STAT232 | Estimation and Hypothesis Testing | 6 | Spring |
Plus ONE subject chosen from List of Electives | |||
Year 3 | |||
FIN 322 | Advanced Corporate Finance | 6 | Spring |
FIN 323 | Portfolio Analysis | 6 | Autumn |
ECON331 | Financial Economics | 6 | Spring |
MATH203 | Linear Algebra | 6 | Autumn |
MATH317 | Financial Calculus | 6 | Autumn |
STAT332 | Linear and Generalised Linear Models | 6 | Spring |
Plus subjects chosen from List of Electives | 12 | ||
Year 4 | |||
MATH407 | Research Methods | 6 | Autumn |
INFO401 | Mathematics and Finance Honours Project | 12 | Annual |
Plus subjects chosen from the List of Electives | 30 | ||
List of Electives | |||
Any MATH, STAT, FIN or ECON subject plus the subjects below. | |||
ACCY200 | Financial Accounting IIA | 6 | Autumn, Spring |
ACCY201 | Financial Accounting IIB | 6 | Spring, Summer |
ACCY228 | Taxation for Financial Planners | 6 | Spring |
CSIT113 | Problem Solving | 6 | Autumn, Spring |
CSCI121 | Object Oriented Design and Programming | 6 | Autumn |
CSCI211 | Advanced Programming | 6 | Not offered in 2016 |
CSCI235 | Database Systems | 6 | Autumn |
ISIT301 | Professional Practice & Ethics | 6 | Autumn |
INFO411 | Data Mining and Knowledge Discovery | 6 | Autumn |
INFO412 | Mathematics for Cryptography | 6 | Autumn |
CSIT115 | Database Management and Security | 6 | Autumn |
LAW 101 | Law, Business and Society | 6 | Autumn |
MARK101 | Marketing Principles | 6 | Autumn, Spring |
MGNT110 | Introduction to Management | 6 | Autumn, Spring |
MGNT208 | Introduction to Management for Professionals A | 6 | Autumn |
Majors
All Bachelor of Mathematics and Finance (Honours) students wishing to qualify for one of the major studies must satisfy all the Course Rules specified above. To qualify for a major, additional requirements must be met, which are detailed below together with suggested programs of study. The possible majors are:
- Financial Planning
- Mathematical Economics
- Quantitative Corporate Finance and Investments
- Quantitative and Computational Trading
- Risk Management and Insurance
Please note that the Quantitative and Computational Trading major requires more than 192 credit points to complete this major.
Credit Arrangements
Credit and articulation arrangements are available from the Course Finder. Refer to UOW's credit arrangements for information on how to apply for credit.
Professional Recognition/Accreditation
The Bachelor of Mathematics and Finance (Honours) is accredited by the Australian Mathematical Society.
Completion of this degree provides 'points' towards membership of Financial Services Institute of Australasia (FINSIA). (Their membership system allocates points based on a person's qualifications and industry experience. See their website for more details.
The Bachelor of Mathematics and Finance (Honours) major "Financial Planning" has been placed on the Australian Securities and Investment Commission's (ASIC) training register. This means that students completing this major will satisfy Tier 1 of ASIC's training requirements relevant to a range of advisory activities. Such accreditation is very important for those wishing to pursue quantitative careers in the financial services industry.
Students who complete the "Risk Management and Insurance" major and who wish to pursue a professional actuarial qualification are eligible for entry to the Master of Actuarial Studies (1.5 years) at the University of New South Wales (minimum credit average 65% grade), the Master of Actuarial Practice (1.5 years) at Macquarie University (minimum GPA of 3), and the Master of Actuarial Statistics (1 year) or Master of Actuarial Studies (2 year) programs at the Australian National University (minimum 65% grade in last two years of study). Students may also qualify for exemptions in these courses and should contact program directors about the level of professional qualification offered in each Masters degree.
Other Information
Further information is available at:
UOW Course Finder
Email: eis@uow.edu.au
Email: Academic Program Director