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Bachelor of Mathematics and Finance (Honours) | 2020
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 |
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.
Students may complete the Bachelor of Mathematics and Finance (Honours) degree either with no declared major or with a declared major. The available majors are:
- Financial Planning
- Mathematical Economics
- Quantitative Corporate Finance and Investments
- Quantitative and Computational Trading
- Risk Management and Insurance
Entry Requirements & 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 (CLOs) 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:
| CLO | Description | ||||||
|---|---|---|---|---|---|---|---|
| 1 | Demonstrate advanced theoretical and technical knowledge in mathematics, statistics and finance. | ||||||
| 2 | Integrate knowledge derived from finance and mathematics. | ||||||
| 3 | Demonstrate advanced cognitive and technical skills in mathematics, statistics and finance to select and apply mathematical to statistical methods to analyse and generate solutions to complex problems in finance. | ||||||
| 4 | Transmit mathematical, statistical and financial knowledge, skills and ideas to others. | ||||||
| 5 | Apply mathematical and statistical knowledge to professional practice in finance. | ||||||
| 6 | 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 the Bachelor of Mathematics and Finance (Honours) are required to satisfactorily complete at least 192 credit points of subjects, consisting of:
a. The following 120 credit points of core subjects;
| Subject Code | Subject Name | Credit Points | Session(s) |
|---|---|---|---|
| 100-level | |||
| ACCY111 | Accounting Fundamentals In Society | 6 | Autumn, Spring |
| ACCY112 | Accounting In Organisations | 6 | Autumn, Spring, Summer 2020/2021 |
| FIN 111 | Introductory Principles of Finance | 6 | Autumn, Spring, Summer 2020/2021 |
| MATH100 | Introduction to Mathematics | 6 | Autumn |
| MATH187 | Mathematics 1: Algebra and Differential Calculus | 6 | Autumn |
| MATH188 | Mathematics 2: Series and Integral Calculus | 6 | Spring |
| STAT101 | Introduction to Statistics | 6 | Spring |
| 200-level | |||
| FIN 222 | Corporate Finance | 6 | Autumn, Spring |
| FIN 223 | Investment Analysis | 6 | Autumn, Spring |
| MATH201 | Multivariate and Vector Calculus | 6 | Autumn |
| MATH202 | Differential Equations: Analysis and Applications | 6 | Autumn |
| MATH203 | Linear Algebra and Groups | 6 | Spring |
| STAT201 | Random Variables and Estimation | 6 | Autumn |
| STAT202 | Statistical Inference and Introduction to Model Building | 6 | Spring |
| 300-level | |||
| FIN 322 | Advanced Corporate Finance | 6 | Spring |
| MATH317 | Financial Mathematics | 6 | Autumn |
| STAT332 | Generalised Linear Models | 6 | Autumn |
| 400-level | |||
| INFO401 | Mathematics and Finance Honours Project | 12 | Annual, Spring 2020/Autumn 2021 |
| MATH407 | Research Methods | 6 | Autumn |
b. If a major is declared, additional subjects which are specific to the major.
c. At least 48 credit points of 300- and/or 400-level subjects from the List of Electives; which must include:
- 18 credit points of MATH/STAT/INFO subjects,
- 18 credit points of ACCY/FIN/ECON subjects,
- 12 credit points of 400-level subjects, and
- at least one 400-level 6 credit point MATH/STAT/INFO subject.
d. Any subjects chosen from the List of Electives that are needed to bring the total to 192 credit points;
e. No more than 66 credit points at 100-level.
The classes of Honours awarded are defined in the Coursework Rules Section 8. The Honours grade will be calculated in accordance with Method 2.
List of Electives
| Subject Code | Subject Name | Credit Points | Session(s) |
|---|---|---|---|
| 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 2020/2021 |
| ACCY228 | Taxation for Financial Planners | 6 | Spring |
| CSIT113 | Problem Solving | 6 | Autumn |
| CSIT115 | Data Management and Security | 6 | Autumn, Spring |
| CSIT121 | Object Oriented Design and Programming | 6 | Autumn, Spring, Summer 2020/2021 |
| CSCI235 | Database Systems | 6 | Autumn, Spring |
| CSCI251 | Advanced Programming | 6 | Autumn, Spring |
| INFO411 | Data Mining and Knowledge Discovery | 6 | Autumn |
| INFO412 | Mathematics for Cryptography | 6 | Autumn |
| LAW 101 | Introduction to Law | 6 | Autumn |
| MARK101 | Marketing Principles | 6 | Autumn, Spring, Summer 2020/2021 |
| MGNT110 | Introduction to Management | 6 | Autumn, Spring, Summer 2020/2021 |
| MGNT208 | Introduction to Management for Professionals A | 6 | Autumn |
The Majors and the No-major Option
All Bachelor of Mathematics and Finance (Honours) students must satisfy the Course Rules specified above. In particular, all students, both those who do not choose a major and those who do, must take the additional subjects which are specific to those options and are detailed via the links below, together with suggested programs of study.
For students taking no major:
For students taking a major:
Professional Recognition/Accreditation
FASEA: The Bachelor of Mathematics and Finance (Honours) major in Financial Planning and the Bachelor of Mathematics and Finance (Honours)(Dean's Scholar) major in Financial Planning is approved by the Financial Adviser Standards and Ethics Authority (FASEA). Students graduating with these degrees automatically satisfy the educational requirements to become a Financial Planner AFP®, and allow for entry into the CFP® Certification Program without the need for a bridging program.
FTA: The Bachelor of Mathematics and Finance (Honours) is a recognised discipline with the Finance and Treasury Association (FTA) and students are encouraged to apply for membership with the association. Full-time students of the degree and graduates under 30 years of age may wish to join the Pathways membership which offers discounts to all Member local events but excludes the national conference. This offers an introduction into the treasury and risk disciplines.
FINSIA: On completion of the degree, students are eligible for Affiliate membership of the Financial Services Institute of Australasia (FINSIA), and are encouraged to join the institute to help develop their career in financial services.
Actuarial Studies: Students who wish to pursue a professional actuarial qualification and achieve sufficiently high grades in the Bachelor of Mathematics and Finance (Honours) degree have the opportunity to enter the 2 year Master of Actuarial Practice degree at Macquarie University. Credit towards this Masters degree may be available to students who have a suitable background. Such application to reduce the volume of learning required in the Master of Actuarial Practice degree are considered on a case-by-case basis.
Students completing the Bachelor of Mathematics and Finance (Honours) degree also have the opportunity to enter into the Master of Actuarial Studies at UNSW.
Other Information
For further information email: eis@uow.edu.au or the Academic Program Director