MJRU-FNMAT v.1 Financial Mathematics Major (BSc Science)
Major/Stream Overview
This major/stream is part of a larger course. Information is specific to the major/stream, please refer to the course for more information.
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), Operations Research Society of Australia, and/or Australian Mathematical Society (Aust MS) and may also gain eligibility for professional level accreditation from the Australian Institute of Banking and Finance.
Career Opportunities
Employment prospects are good as mathematics graduates have high level problem-solving skills. Mathematics can be a stepping stone to a wide and diverse career. Our graduates have moved on into many different areas of employment such as finance, government, industry, defence and research as many employers are keen to employ people with a good background in mathematics. Amongst the other careers, this course can help you become a: Logistics Clerk; Mathematician; Statistician; Financial Dealer and Broker; Data Analyst/Scientist; Information Technologist; Logistics Analyst; Project Analyst/Manager; Risk Management; Scheduler; Statistical Analyst; Supply Chain Management; Market Analyst; Games Designer; Meteorologist.
Major/Stream Entry and Completion Details
The Financial Mathematics Major requires Mathematics Methods ATAR. Mathematics Specialist ATAR is desirable.
Major/Minor/Stream Organisation
This Major is designed to provide graduates with a broad range of analytical and mathematical skills with particular relevance to statistical modelling and operations research. This together with an overview of corporate finance, financial institutions, financial markets and various branches of the financial services industry, enhances their employment prospects in the technological, industrial and commercial sectors.
Major/Stream Learning Outcomes
A graduate of this course can:
1. 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
2. apply mathematics and statistical methods to critically analyse problems in finance and to think creatively to generate innovative solutions
3. locate, extract and critically appraise relevant evidence and scientific literature in relation to mathematical science
4. communicate effectively within the context of mathematical science through the written word and by oral presentation
5. use new technologies to effectively gather data and communicate information
6. understand the theoretical framework of mathematical science and work as a responsible, reflective, self-directed and motivated lifelong learner
7. 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
8. understand cultural diversity and how it impacts a mathematician in the financial services industry
9. display professional behaviour both independently and as a team member through the use of recognised ethical practices in the financial service industries
Duration and Availability
This Major is three years' full-time study or equivalent part-time study.
Course Structure | Hrs/Wk | Credit | |||
---|---|---|---|---|---|
Year 1 Semester 1 | |||||
ECON1000 | v.1 | Introductory Economics | 3.0 | 25.0 | |
STAT1002 | v.1 | Statistical Data Analysis | 3.0 | 12.5 | |
STAT1001 | v.1 | Statistical Probability | 3.0 | 12.5 | |
MATH1015 | v.1 | Linear Algebra 1 | 4.0 | 25.0 | |
OR | |||||
MATH1017 | v.1 | Accelerated Mathematics 1 | 5.0 | 25.0 | |
NPSC1001 | v.1 | Scientific Computing | 4.0 | 25.0 | |
OR | |||||
COMP1005 | v.1 | Fundamentals of Programming | 4.0 | 25.0 | |
100.0 | |||||
Year 1 Semester 2 | |||||
FNCE2000 | v.1 | Introduction to Finance Principles | 3.0 | 25.0 | |
COMS1000 | v.1 | Science Communications | 2.0 | 12.5 | |
STAT1000 | v.1 | Regression and non-Parametric Inference | 3.0 | 12.5 | |
MATH1006 | v.1 | Mathematical Modelling | 4.0 | 25.0 | |
MATH1016 | v.1 | Calculus 1 | 5.0 | 25.0 | |
OR | |||||
MATH1018 | v.1 | Accelerated Mathematics 2 | 4.0 | 25.0 | |
100.0 | |||||
Year 2 Semester 1 | |||||
MATH2011 | v.1 | Operations Research | 4.0 | 25.0 | |
MATH2009 | v.2 | Calculus 2 | 4.0 | 25.0 | |
STAT2001 | v.1 | Mathematical Statistics | 4.0 | 25.0 | |
SELECT ELECTIVE UNITS TO THE TOTAL VALUE OF: | 25.0 | ||||
100.0 | |||||
Year 2 Semester 2 | |||||
MATH2010 | v.2 | Linear Algebra 2 | 4.0 | 25.0 | |
MATH2005 | v.1 | Practical Mathematical Financial Modelling | 3.0 | 25.0 | |
MATH2004 | v.1 | Theory of Interest | 3.0 | 25.0 | |
SELECT ELECTIVE UNITS TO THE TOTAL VALUE OF: | 25.0 | ||||
100.0 | |||||
Year 3 Semester 1 | |||||
STAT3006 | v.1 | Investment Science 1 | 4.0 | 25.0 | |
MATH3002 | v.1 | Numerical Optimisation | 4.0 | 25.0 | |
OR | |||||
FNCE3000 | v.1 | Corporate Finance | 3.0 | 25.0 | |
MATH2015 | v.1 | Mathematical Computing | 4.0 | 25.0 | |
SELECT ELECTIVE UNITS TO THE TOTAL VALUE OF: | 25.0 | ||||
100.0 | |||||
Year 3 Semester 2 | |||||
STAT3007 | v.1 | Investment Science 2 | 4.0 | 25.0 | |
MATH3004 | v.1 | Industrial Project | 4.0 | 25.0 | |
INVE3000 | v.1 | Introduction to Derivative Securities | 3.0 | 25.0 | |
OR | |||||
FNCE3004 | v.1 | International Finance | 3.0 | 25.0 | |
OR | |||||
INVE3001 | v.1 | Portfolio Management | 3.0 | 25.0 | |
OR | |||||
STAT3003 | v.1 | Applied Statistics | 4.0 | 25.0 | |
SELECT ELECTIVE UNITS TO THE TOTAL VALUE OF: | 25.0 | ||||
100.0 |
Disclaimer
Information in this publication is correct at the time of printing but may be subject to change.
In particular, the University reserves the right change the content and/or method of assessment, to change or alter tuition fees of any unit of study, to withdraw any unit of study or program which it offers, to impose limitations on enrolment in any unit or program, and/ or to vary arrangements for any program.
This material does not purport to constitute legal or professional advice.
Curtin accepts no responsibility for and makes no representations, whether express or implied, as to the accuracy or reliability in any respect of any material in this publication.
Except to the extent mandated otherwise by legislation, Curtin University does not accept responsibility for the consequences of any reliance which may be placed on this material by any person.
Curtin will not be liable to you or to any other person for any loss or damage (including direct, consequential or economic loss or damage) however caused and whether by negligence or otherwise which may result directly or indirectly from the use of this publication.
International students
International students studying in Australia on a student visa can only study full-time and there are also specific entry requirements that must be met. As some information contained in this publication may not be applicable to international students, refer to international.curtin.edu.au for further information. Australian citizens, permanent residents and international students studying outside Australia may have the choice of full-time, part-time and external study, depending on course availability and in-country requirements.