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Master of Financial Mathematics | 2018
Testamur Title of Degree: | Master of Financial Mathematics |
Abbreviation: | MFinMath |
UOW Course Code: | 426 |
CRICOS Code: | 083829A |
Total Credit Points: | 96 |
Duration: | 2 years full-time or part-time equivalent |
Home Faculty: | Faculty of Engineering & Information Sciences |
Intake Session(s): | Autumn/Spring |
Delivery Mode: | On-campus (Face-to-face) |
Delivery Campus: | Wollongong |
Overview
The Master of Financial Mathematics provides a range of analytic, modelling, statistical and computational skills that can be applied directly to business and industry. Training is also provided in the high demand area of quantitative financial analysis, exposing students to the way in which the discipline is used in this field.
Students will attain the practical skills needed to be leaders and researchers in the formulation, implementation and evaluation of the models used by the financial sector to structure transactions, manage risk and construct investment strategies.
Entry Requirements and Credit Arrangements
Information on academic and English language requirements, as well as eligibility for credit for prior learning, is available from the Course Finder.
Course Learning Outcomes
Course Learning Outcomes are statements of learning achievement that are expressed in terms of what the learner is expected to know, understand and be able to do upon completion of a course. Students graduating from this course will be able to demonstrate:
| CLO | Description | ||||||
|---|---|---|---|---|---|---|---|
| 1 | Demonstrate advanced and integrated understanding of a complex body of knowledge in mathematics, statistics and finance. | ||||||
| 2 | Exhibit expert, specialised cognitive and technical skills in mathematics, statistics and finance to independently analyse, critically reflect on and synthesise complex information, problems and theories.. | ||||||
| 3 | Interpret and transmit financial, mathematical and statistical knowledge, skills and ideas to specialist and non-specialist audiences. | ||||||
| 4 | Employ mathematical and statistical knowledge to professional practice in finance. | ||||||
| 5 | Apply knowledge and skills ethically to demonstrate autonomy and expert judgement as a financial mathematician. | ||||||
Course Structure
The degree will normally occupy four (4) sessions of full-time study or eight (8) sessions of part-time study, and requires satisfactory completion of at least 96 credit points, as set out in the course program below. All candidates (including those who receive recognition of prior learning) must complete at least 48 credit points of 900 level subjects.
Each candidate shall have a supervisor appointed on the recommendation of the Head of Postgraduate Studies.
| Subject Code | Subject Name | Credit Points | Session(s) |
|---|---|---|---|
| Year 1 | |||
| MTH8201 | Multivariate and Vector Calculus* | 6 | Autumn |
| MTH8202 | Differential Equations 2* | 6 | Spring |
| MTH8231 | Probability and Random Variables* | 6 | Autumn |
| MTH8232 | Estimation and Hypothesis Testing* | 6 | Spring |
| MATH907 | Research Methods** | 6 | Autumn |
| FIN 921 | Managerial Finance | 6 | Trimester 1, Trimester 2, Trimester 3 |
| Plus ONE of the following subjects: | |||
| FIN 922 | Investment Management | 6 | Not offered in this year |
| FIN 923 | Portfolio Management | 6 | Trimester 1, Trimester 2, Trimester 3 |
| FIN 957 | Portfolio Simulation | 6 | Trimester 1, Trimester 2 |
| Plus: | |||
| One 900-level FIN subject | 6 | ||
| Year 2 | |||
| MATH991 | Project | 12 | Annual, Spring 2018/Autumn 2018 |
| MATH817 | Financial Calculus (Enhanced)** | 6 | Autumn |
| MATH942 | Numerical Methods in Finance | 6 | Spring |
| MATH943 | Practitioners' Seminars | 0 | Not offered in this year |
| STAT920 | Stochastic Methods in Finance | 6 | Autumn |
| STAT832 | Linear and Generalised Linear Models (Enhanced)** | 6 | Spring |
| FIN 926 | Advanced Managerial Finance | 6 | Trimester 1, Trimester 3 |
| Plus ONE of the following subjects**: | |||
| STAT833 | Statistical Inference Enhanced | 6 | Spring |
| STAT804 | Applied Probability and Financial Risk (Enhanced) | 6 | Autumn |
*Students who have an approved major in mathematics may be exempt from some of these subjects. Please apply to the Academic Program Director of the Master of Financial Mathematics.
**Students who have an approved Honours degree in mathematics or statistics may be exempt from some of these subjects. Please apply to the Academic Program Director of the Master of Financial Mathematics.
Professional Recognition/Accreditation
All graduates of this program satisfy the education requirements for Senior Associate membership of the Financial Services Institute of Australasia (Senior Associate membership requires three years practical experience as well as the educational component).
Other Information
For further information pelase email: eis@uow.edu.au or Academic Program Director