Master of Financial Mathematics

About the course

The Master of Financial Mathematics at UNSW Sydney develops advanced quantitative skills for modern finance. You’ll study mathematical and statistical methods used to model markets, price derivatives, manage risk and support investment decisions, with a strong focus on real-world financial applications. The degree suits graduates seeking specialist training at the master’s level in financial mathematics and quantitative finance. The programme deepens scientific methodology, data interpretation, and applied research skills for laboratory and field-based careers.

Career outcome

Graduates can pursue quantitative roles across banking, investment management, trading and risk. Typical pathways include quantitative analyst (quant), risk analyst/manager, derivatives or structuring analyst, portfolio analytics, and financial modelling roles in consulting or fintech. The program prepares master’s-level specialists to apply financial mathematics and data-driven methods in complex finance and risk environments. Preparing graduates for research scientist, laboratory leadership, and specialist technical roles in the sciences.

Living Costs in Sydney**

Restaurant (Meal, Inexpensive Restaurant) A$ 17 - 22	Rent per Month (1 bedroom in City Centre) A$ 2,207 - 2,918	Rent per Month (1 bedroom Outside of Centre) A$ 1,599 - 2,115
Transportation (Daily) A$ 9 - 10	Utilities per Month (Electricity, Mobile & Internet) A$ 219 - 290

Average Salary***

*Source: QS World University Subjects Rankings (2026)

**Source: numbeo.com

***Source: PayScale.com (2026)