Monash offers a unique blend of expertise spread over four academic units (economics, econometrics, finance and mathematics). All units contribute to the master's program and maintain a close relationship with banks, investment firms, and research organisations in financial mathematics. The master's program is designed to suit graduates with a sound foundation in mathematics and statistics. The program offers training in the core areas of stochastic, financial and insurance modelling, statistical analysis and computational methodology, as well as in a wide range of elective topics from economics, econometrics, finance, mathematics and probability. Graduates of the program will gain a comprehensive understanding of stochastic and statistical analysis, partial differential equations and computational methods in finance, financial econometric techniques, and financial and risk modelling.

Entry level 1: Duration: 2 years full-time, 4 years part-time (96 points to complete) An undergraduate degree (equivalent to an Australian undergraduate degree) with a strong mathematical content* with at least a 65% average or qualification/experience that the faculty considers to be equivalent or a satisfactory substitute for the above. *i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations. Entry level 2: Duration: 1.5 years full-time, 3 years part-time (72 points to complete) An undergraduate degree (equivalent to an Australian undergraduate degree) in mathematics with at least a 65% average or qualification/experience or satisfactory substitute that the faculty considers to be equivalent. or An Australian graduate certificate/diploma (or equivalent) with a strong mathematical content* with at least a 65% average or qualification/experience that the faculty considers to be equivalent or a satisfactory substitute for the above. *i.e. Completion of units of mathematics with an emphasis on multivariable calculus, linear algebra, probability, statistics and differential equations. Entry level 3 Duration: 1 years full-time, 2 years part-time (48 points to complete) A four-year Australian honours degree (or equivalent) in mathematics with at least 65% average or qualification/experience or a satisfactory substitute that the faculty considers to be equivalent.