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    Monash University

    Master of Financial Mathematics

    Last verified against the official program page on .

    Clayton, AUMFinMathIn-person2 years
    A$41,700.00
    Tuition
    over 24mo
    75%
    Acceptance
    of applicants
    25
    Cohort
    students
    96
    Credits
    A$100.00
    App fee

    Master of Financial Mathematics at Monash University is a 96-credit, 2-year, in-person MFinMath program based in Clayton, AU. Tuition is A$41,700.

    About the program

    The program provides advanced training in stochastic, financial and insurance modelling, statistical analysis and computational methodology. It covers core areas such as derivatives pricing, risk management, portfolio allocation, quantitative risk management, interest rate modelling, financial econometrics, and machine learning.

    Focus: coursework
    QS #37 (Mathematics)
    Part-time option

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    Deadlines

    Semester 2 2026
    Jun 15, 2026
    Semester 1 2027
    Jan 31, 2027

    Standardized tests

    TOEFL
    optional
    Min 79 (min. 21 in writing, 18 in other sections)
    IELTS
    optional
    Min 6.5 (no band below 6.0)

    After the program

    Post-study work rights

    2 years Temporary Graduate visa subclass 485 Post-Study Work stream (Australia)

    86%
    6-month placement
    A$30,000.00
    Annual living cost

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    Prerequisites

    Specific coursework this program expects you to have completed: calculus, linear algebra, programming, statistics, and subject-specific prerequisites where applicable.

    Recommendations

    Exact count of letters required, whether academic vs professional references are preferred, and any program-specific guidance on who to ask.

    Essays

    Number of essays required (statement of purpose, personal statement, diversity statement), prompts where the program publishes them, and whether supplemental essays are optional or mandatory.

    Contact

    Direct email and phone for the admissions office handling this program, plus a link to the program-specific inquiry page where available.

    Frequently asked questions

    How much does Master of Financial Mathematics at Monash University cost?
    The total estimated tuition for Master of Financial Mathematics at Monash University is A$41,700 across 96 required credits.
    Is Master of Financial Mathematics at Monash University online or in-person?
    Master of Financial Mathematics at Monash University is offered in-person.
    How long does Master of Financial Mathematics at Monash University take to complete?
    Master of Financial Mathematics at Monash University is structured around 2 years and 96 credits.
    What GPA is required for Master of Financial Mathematics at Monash University?
    Per the program's published guidance: 65% average
    How competitive is Master of Financial Mathematics at Monash University?
    Master of Financial Mathematics at Monash University reports an acceptance rate of approximately 75%.