Bachelor of Mathematics and Finance (Honours) (Financial Planning)

Course summary

Financial planning is the design of specific financial outcomes that meet a client's unique needs and objectives, given their financial resources and risk profile. Its broad approach is to fulfil clients' total needs, incorporating investment planning, taxation and social services planning, retirement planning, risk planning and estate planning. The areas of service provision are very wide including investment and asset portfolio construction and advice, superannuation, retirement and estate planning and associated services.

This degree

The Bachelor of Mathematics and Finance (Honours) teaches you the skills to apply sophisticated mathematical and statistical techniques to real-world problems. You are also encouraged to develop computing and communication skills, which are assets in the job market.

Bankers, investment managers, insurance companies and financial companies all rely on financial mathematics to survive and stay ahead of the competition. Maths and Finance graduates work in all areas of industry and government as risk managers, investment advisers, traders, financial analysts and more. They work in all aspects of the finance sector from traditional banking to futures trading.

There are opportunities for scholarships from corporate partners, plus summer scholarships and undergraduate research projects with academic staff, access to programs of the Australian Mathematical Sciences Institute (AMSI) and inter-university courses via our Access Grid Room.

What you will study

You will learn not only finance but accounting, management and marketing principles. You will investigate securities and the markets they operate in as well as theories of the market and the equilibrium prices of securities. You will learn how to assess investments, and the method for identifying the best financial product for a client, with particular attention to their risk profile. You will learn the codes of conduct governing the financial planning industry and relevant regulatory frameworks, advising techniques, and how to build and maintain clients' investment portfolios.

Subjects you will study include: investment analysis, advanced corporate finance, retirement and estate planning, taxation for financial planners, risk and insurance, and advanced financial planning. You will complete a Mathematics and Finance Honours Project.

Course information

Study area

Business, Mathematics & Statistics

Campus

Wollongong

Course Code

356

ATAR-SR

85

IB Score

31

Duration

4 years full-time or part-time equivalent

Delivery

On Campus

Cricos

085498K

UAC Code

756503

Admission, Key dates, and Fees

A range of admission options are available for students of all ages and academic backgrounds. The procedures governing admission are defined in UOW's Admissions Procedures, and the UOW College Admissions policy.

For any specific advice or questions regarding an application, please contact the Future Students Team.

Recent Secondary Education Admission Criteria These criteria may be used to gain admission to this course for students who are currently in year 12 or have recently completed their secondary education.

Recent secondary education students can gain admission to this course via non-ATAR or ATAR-based options.

NON-ATAR ADMISSION OPTIONS With these options students may be admitted on the basis of criteria other than ATAR.

Non-ATAR admissions at UOW take an individual approach to understanding potential for academic success. Each student is assessed based on key qualities across academic readiness, motivation & passion, planning & persistence, and communication & collaboration.

Early Admission

Students may be admitted to this course via Early Admission.

ATAR-BASED ADMISSION OPTIONS With these options, students may be admitted on the basis of ATAR or ATAR plus additional criteria (e.g. an audition or individual subject results).

Guaranteed entry selection ranks

The minimum score for guaranteed entry (or for consideration if this course has limited places) is an ATAR-Selection Rank of 85 or an IB of 31. This includes the effect of adjustment factors.

Adjustment factors

Adjustment factors, such as the subjects you are studying, the area in which you live or equity and access schemes, are taken into consideration and these will be combined with your ATAR to adjust your selection rank and make it higher than your ATAR. Find out more about UOW's adjustment factors.

Other Admission Criteria

VOCATIONAL EDUCATION & TRAINING Students who have undertaken vocational education or training since leaving school.

HIGHER EDUCATION STUDY Students who have studied a University course, or completed a bridging or enabling course.

WORK & LIFE EXPERIENCE Students admitted on the basis of previous achievement other than higher education study, vocational education & training, or recent secondary education.

CREDIT FOR PRIOR LEARNING

If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the UOW degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.

Click here for more information on UOW's credit transfer arrangements.

FEES

Commonwealth supported students are required to pay a student contribution amount towards the cost of their course. The amounts are calculated based on the subject cluster and the Equivalent Full-time Study Load (EFTSL) value of the subject. For information regarding student contribution amounts, please refer to the UOW Current Students website.

* Session fees are for one session for the year shown. Total course tuition fees shown are indicative, and are based on normal course length and progression.
These fees are subject to change from year to year. However, if you receive an offer to study at UOW, your fees will be fully confirmed at the time of your offer.

ENTRY REQUIREMENTS

Applicants need to have achieved the required score in a qualification equivalent to the completion of 13 years of schooling in Australia.
In order to succeed in your chosen course, it is assumed you have completed relevant subjects in your senior high school studies or other relevant qualifications. This is particularly important for degrees which have a strong basis in Mathematics or Science.


ENGLISH REQUIREMENTS

The following level of English is required to gain admission to this program:

English Test

Overall Score

Reading

Writing

Listening

Speaking

IELTS Academic

6.0

6.0

6.0

6.0

6.0

TOEFL (Internet-based)

70

18

18

17

17

UOW College: English for Tertiary Studies: Pass (weighted average mark of 50 overall and minimum 50 in Academic Reading and Writing)

Other qualifications may also be considered. Full details can be found on our English Language Requirements website.


CREDIT FOR PRIOR LEARNING

If you can demonstrate that you have met the learning outcomes for our subjects through prior learning, such as previous tertiary or TAFE qualifications, you may be eligible for credit towards your degree. Where relevant to the UOW degree, specified credit may be given for specific subject(s); where not relevant to the degree, unspecified credit may be awarded.

Click here for more information on UOW's credit transfer arrangements.

FEES

Tuition fees are reviewed annually: fees payable are dependent on the year of commencement and are subject to increase during the period of study.

Overseas Health Cover:
Overseas Health Cover (OSHC) must be purchased for the proposed duration of the student visa. For information regarding the OSHC fees applicable, please refer to the international fees website.

CAMPUS

DELIVERY METHOD

SESSION FEE*

COURSE FEE*

Wollongong

On Campus

$16,920 (2020)

$135,360 (2020)

Wollongong

On Campus

$16,920 (2021)

$135,360 (2021)

* Session fees are for one session for the year shown. Total course tuition fees shown are indicative, and are based on normal course length and progression.
These fees are subject to change from year to year. However, if you receive an offer to study at UOW, your fees will be fully confirmed at the time of your offer.

Admission Profile


INDICATIVE ENROLMENT



STUDENT PROFILE

This table shows the breakdown of the applicant background of the student group at UOW for this course. It provides data on students that commenced undergraduate study and continued study beyond the census date at UOW in 2019.

Applicant background

2019 intake

2019 intake (%)

Higher education study Students who have studied a University course, or completed a bridging or enabling course.

-

-

Vocational education & training study Students who have undertaken vocational education or training since leaving school.

-

-

Work & life experience Students admitted on the basis of previous achievement other than higher education study, vocational education & training, or recent secondary education.

-

-

Recent secondary education

ATAR Only Students admitted only on the basis of ATAR including any applied adjustment factors.

-

-

ATAR plus additional criteria Students who were admitted on the basis of both ATAR and additional criteria (e.g. an audition or individual subject results).

-

-

Other criteria only (non-ATAR) These students were admitted on the basis of other criteria where ATAR was not a factor (e.g. UOW Early Admission).

-

-

International students All other students.

-

-

All students

-

-

< 5: Number of students is less than 5
N/A: Data not available for this item
N/P: Not published (hidden to prevent calculation of other numbers less than 5)


ATAR PROFILE

This table relates to all students selected on the basis of ATAR alone or ATAR in combination with adjustment factors. For more information on adjustment factors commonly available to applicants, see ‘ATAR-based admission’.

ATAR profile of ATAR-based offers in 2019

ATAR The unadjusted, raw ATARs for students offered a place wholly or partly on the basis of ATAR. Selection Rank The ATARs of the same student group, including the impact of adjustment factors.
Highest rank to receive an offer

-

-

Median rank to receive an offer

-

-

Lowest rank to receive an offer

-

-

< 5: Less than 5 ATAR-based offers made
N/A: Data not available for this item
N/P: Not published (less than 5 ATAR-based offers made)

More Information

For more information about UOW admission pathways, see UOW Admission Information.

Key Dates

SESSION

CAMPUS

SESSION DETAILS

2020 Spring

Wollongong

Orientation: 27 July 2020
Session: 3 August - 3 December 2020

Applications Close

  • Domestic Applicants (Direct): 10 July 2020. Late applications may be considered.
  • International Applicants: 10 July 2020. Late applications may be considered.

2021 Autumn

Wollongong

Orientation: 23 - 25 February 2021
Session: 1 March – 24 June 2021

Applications Close

  • Domestic Applicants (UAC): 30 September 2020 (early bird), 5 February 2021 (final) (see UAC Key Dates).
  • Domestic Applicants (Direct): 24 December 2020*
  • International Applicants: 24 December 2020*

*Complete applications (with all required documentation) received by these dates will receive an outcome prior to the start of session.

Applications received after these dates will continue to be assessed for the requested session until 3 weeks prior to session (international), and start of session (domestic). Late applications may be assessed for future sessions if an outcome for the requested session is not possible.

2021 Spring

Wollongong

Orientation: 19 July 2021
Session: 26 July – 18 November 2021

Applications Close

  • Domestic Applicants (UAC): TBC (see UAC Key Dates).
  • Domestic Applicants (Direct): 27 June 2021*
  • International Applicants: 27 June 2021*
    • *Complete applications (with all required documentation) received by these dates will receive an outcome prior to the start of session.
      Applications received after these dates will continue to be assessed for the requested session until 3 weeks prior to session (international), and start of session (domestic). Late applications may be assessed for future sessions if an outcome for the requested session is not possible.

      Course structure

      (Current year structure - subject to change)

      Course Learning Outcomes

      Course Learning Outcomes (CLOs) are statements of learning achievement that are expressed in terms of what the learner is expected to know, understand and be able to do upon completion of a course. Students graduating from this course will be able to:

      CLO Description
      1 Demonstrate advanced theoretical and technical knowledge in mathematics, statistics and finance.
      2 Integrate knowledge derived from finance and mathematics.
      3 Demonstrate advanced cognitive and technical skills in mathematics, statistics and finance to select and apply mathematical to statistical methods to analyse and generate solutions to complex problems in finance.
      4 Transmit mathematical, statistical and financial knowledge, skills and ideas to others.
      5 Apply mathematical and statistical knowledge to professional practice in finance.
      6 Apply professional, social and ethical approaches in learning to demonstrate autonomy and well-developed judgement as a financial mathematician or statistician.

      Course Structure

      Students who enrol in the Bachelor of Mathematics and Finance (Honours) are required to satisfactorily complete at least 192 credit points of subjects, consisting of:

      a. The following 120 credit points of core subjects;

      Subject Code Subject Name Credit Points Session(s)
      100-level
      ACCY111 Accounting Fundamentals In Society 6 Autumn, Spring
      ACCY112 Accounting In Organisations 6 Autumn, Spring, Summer 2020/2021
      FIN 111 Introductory Principles of Finance 6 Autumn, Spring, Summer 2020/2021
      MATH100 Introduction to Mathematics 6 Autumn
      MATH187 Mathematics 1: Algebra and Differential Calculus 6 Autumn
      MATH188 Mathematics 2: Series and Integral Calculus 6 Spring
      STAT101 Introduction to Statistics 6 Spring
      200-level
      FIN 222 Corporate Finance 6 Autumn, Spring
      FIN 223 Investment Analysis 6 Autumn, Spring
      MATH201 Multivariate and Vector Calculus 6 Autumn
      MATH202 Differential Equations: Analysis and Applications 6 Autumn
      MATH203 Linear Algebra and Groups 6 Spring
      STAT201 Random Variables and Estimation 6 Autumn
      STAT202 Statistical Inference and Introduction to Model Building 6 Spring
      300-level
      FIN 322 Advanced Corporate Finance 6 Spring
      MATH317 Financial Mathematics 6 Autumn
      STAT332 Generalised Linear Models 6 Autumn
      400-level
      INFO401 Mathematics and Finance Honours Project 12 Annual, Spring 2020/Autumn 2021
      MATH407 Research Methods 6 Autumn

      b. If a major is declared, additional subjects which are specific to the major. 

      c. At least 48 credit points of 300- and/or 400-level subjects from the List of Electives; which must include:

      • 18 credit points of MATH/STAT/INFO subjects,
      • 18 credit points of ACCY/FIN/ECON subjects,
      • 12 credit points of 400-level subjects, and
      • at least one 400-level 6 credit point MATH/STAT/INFO subject.

      d. Any subjects chosen from the List of Electives that are needed to bring the total to 192 credit points;

      e. No more than 66 credit points at 100-level.

      The classes of Honours awarded are defined in the Coursework Rules Section 8. The Honours grade will be calculated in accordance with Method 2. 

      List of Electives

      Subject Code Subject Name Credit Points Session(s)
      Any MATH, STAT, FIN or ECON subject plus the subjects below:
      ACCY200 Financial Accounting IIA 6 Autumn, Spring
      ACCY201 Financial Accounting IIB 6 Spring, Summer 2020/2021
      ACCY228 Taxation for Financial Planners 6 Spring
      CSIT113 Problem Solving 6 Autumn
      CSIT115 Data Management and Security 6 Autumn, Spring
      CSIT121 Object Oriented Design and Programming 6 Autumn, Spring, Summer 2020/2021
      CSCI235 Database Systems 6 Autumn, Spring
      CSCI251 Advanced Programming 6 Autumn, Spring
      INFO411 Data Mining and Knowledge Discovery 6 Autumn
      INFO412 Mathematics for Cryptography 6 Autumn
      LAW 101 Introduction to Law 6 Autumn
      MARK101 Marketing Principles 6 Autumn, Spring, Summer 2020/2021
      MGNT110 Introduction to Management 6 Autumn, Spring, Summer 2020/2021
      MGNT208 Introduction to Management for Professionals A 6 Autumn

      The Majors and the No-major Option

      All Bachelor of Mathematics and Finance (Honours) students must satisfy the Course Rules specified above. In particular, all students, both those who do not choose a major and those who do, must take the additional subjects which are specific to those options and are detailed via the links below, together with suggested programs of study.

      For students taking no major:

      For students taking a major:

      Course Handbook

      (Current year structure - subject to change)

      Accreditation & professional recognition

      Completion of this degree provides 'points' towards membership of Financial Services Institute of Australasia (FINSIA). The Financial Planning major has been placed on the Australian Securities and Investment Commission's (ASIC) training register. This means that on completing you will satisfy Tier 1 of ASIC's training requirements relevant to a range of advisory activities.

      Why choose this course

      The UOW School of Mathematics and Applied Statistics spans pure mathematics, applied mathematics, financial mathematics and statistics. We enjoy an international reputation in areas including survey and census design and analysis, operator algebra, geometric analysis, spatial statistics, biometrics, partial differential equations, the modelling of chemical reactions and nanoscale phenomena. Our graduates are in demand across a range of industries including finance, defence and security, health care, and the IT sector.

      The Excellence in Research for Australia rankings classifies the UOW School of Mathematics and Applied Statistics 'above world standard', and our staff have won national awards for their teaching excellence.

      When you study at UOW you become part of a learning and research environment supported by highly qualified academic staff with expertise across a range of disciplines from pure to applied mathematics and statistics.

      Career opportunities
      • Auditor
      • Banker
      • Analyst
      • Financial controller
      • Accountant
      • Policy advisor
      • Business adviser
      • OHS officer
      • HR manager consultant
      • Stock broker
      • Insurance broker
      • Fund manager
      • Exporter/importer
      • Public relations coordinator
      • Market researcher
      • Advertising executive
      • Brand/product manager
      • Event manager
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