科廷科技大学

The Financial Mathematics (BAdvSci) (Honours) major provides a flexible and personalised approach to studying Financial Mathematics with students able to explore the field through for-credit immersive research experiences, industry placement and/or interdisciplinary team-based projects.

This major is part of the Bachelor of Advanced Science (Honours), a course designed for high performing students to pursue their interest in Science through a core of research, leadership and entrepreneurship. It provides a flexible and personalised approach to studying Financial Mathematics with students able to explore the field through for-credit immersive research experiences, industry placement and/or interdisciplinary team-based projects. The major culminates in a capstone experience in which students will have the opportunity to pursue Mathematics projects that may be based anywhere from pure research right through to translational (entrepreneurial) science.

Mathematics is the study of concepts such as quantity, structure, space and change and to use these concepts to model and describe the behaviour of real world complex systems. It has been described as the science of patterns, whether found in numbers, space, science, engineering, computers, imaginary abstractions, or elsewhere. Through abstraction and logical reasoning, mathematics evolved from counting, calculation, measurement, and the systematic study of the shapes and motions of physical objects.

Today, mathematics is used in most fields, including technology, natural science, engineering, medicine, finance and the social sciences, such as sociology and psychology. This Financial Mathematics Major provides graduates with a broad range of analytical and mathematical skills, with particular relevance to statistical modelling and operations research in the financial context.

Students will receive a strong grounding in corporate finance, financial institution, financial markets and various branches of the financial services industry, enhancing the employment prospects of graduates in the technological, industrial and commercial sectors. Students may select from units in accounting, economics and business.

Professional recognition

Graduates of this course may be eligible for membership in the Statistical Society of Australia (SSAI) and/or Australian Mathematical Society (Aust MS).

Career information

Commercial banker
Finance/funds manager
Financial planner
Superannuation manager

What you'll learn

• Demonstrate an advanced knowledge of the nature of science, its methods and processes, and an advanced knowledge of mathematical and statistical principles and concepts in a range of mathematical disciplines; solve problems relevant to science, industry, commerce and government.
• Apply mathematical and statistical methods to critically analyse challenging and multi-faceted problems and to think creatively to generate innovative solutions.
• Access and make judgements on the value of available knowledge using a variety of tools, and incorporate them into the planning, conduct and communication of their own work.
• Communicate approaches, ideas, findings and solutions to financial mathematics problems in a variety of modes to informed professional audiences.
• Use established and emerging technologies in the field of financial mathematics to address complex research questions.
• Demonstrate intellectual independence and engage in self-driven continuous discipline and professional education and training in the mathematical sciences.
• 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.