科廷科技大学

Financial mathematicians apply mathematical models and numerical tools to practical everyday applications, such as financial markets. They gather statistical data on the financial decisions that people make, which helps business and government make better informed decisions, especially in uncertain economic climates.

This course will provide you with a range of analytical and mathematical skills, with particular relevance to statistical modelling and operations research in finance.

You will gain a strong grounding in corporate finance, financial institutions, financial markets and various branches of the financial services industry – which will enhance your employment prospects in the technological, industrial and commercial sectors. You can select from units in accounting, economics and business.

In your final year you’ll undertake a project where you’ll put your skills into practice. Examples of previous projects include investigating the relationships between foreign exchange rates and Australian currency volatility; the effectiveness of using stochastic differential equations to model stock price; and statistical analysis of a portfolio strategy based on fluctuating prices.

Professional recognition

Graduates of this course may be eligible for membership to the Statistical Society of Australia (SSAI), Australian Society for Operations Research and Australian Mathematical Society (Aust MS).

Career information

Careers

Commercial banker
Finance/funds manager
Financial analyst
Financial planner
Stockbroker
Superannuation manager

Industries

Banking and finance
Econometrics
Education
Government
Insurance
Investment banking
Risk management

What you'll learn

Understand and apply mathematical and statistical principles and concepts in a range of mathematical disciplines such as operations research, statistics, numerical analysis or applied mathematical modelling, and to solve problems relevant to science, industry, commerce and government
Apply mathematics and statistical methods to critically analyse problems in finance and to think creatively to generate innovative solutions
Locate, extract and critically appraise relevant evidence and scientific literature in relation to mathematical science
Communicate effectively within the context of mathematical science through the written word and by oral presentation
Use new technologies to effectively gather data and communicate information
Understand the theoretical framework of mathematical science and work as a responsible, reflective, self-directed and motivated lifelong learner
Be aware of the diversity of international perspectives and apply international standards of practice within their profession as a mathematical scientist in the financial services industry
Understand cultural diversity and how it impacts a mathematician in the financial services industry
Display professional behaviour both independently and as a team member through the use of recognised ethical practices in the financial service industries