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About the course
Modern finance relies on deep mathematical concepts and techniques, assembled in what has come to be known as financial mathematics or quantitative finance. Financial institutions have developed an ever-increasing appetite for graduates with the right mix of advanced quantitative methods and modelling. Monash offers a unique blend of expertise spread over four academic units (economics, econometrics, finance and mathematics). All units contribute to the master's program and maintain a close relationship with banks, investment firms, and research organisations in financial mathematics.
Career outcome
These course outcomes are aligned with the Australian Qualifications Framework level 9 and Monash Graduate Attributes. Upon successful completion of this course students will be able to:1. apply critical thinking, problem solving, and research skills within the finance and insurance context2. apply sophisticated stochastic modelling skills within the context of financial markets and the insurance industry3. apply advanced statistical techniques and skills to the analysis of financial and insurance data4.
Living Costs in Melbourne**
Restaurant (Meal, Inexpensive Restaurant) A$ 15 - 20 |
Rent per Month (1 bedroom in City Centre) A$ 1,583 - 2,094 |
Rent per Month (1 bedroom Outside of Centre) A$ 1,207 - 1,596 |
Transportation (Daily) A$ 7 - 9 |
Utilities per Month (Electricity, Mobile & Internet) A$ 240 - 318 |
Average Salary***
