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What will I learn?

Risk Management and Insurance covers a wide range of activities including the assessing, quantifying, monitoring and mitigating of financial risk exposures for projects, companies and financial institutions. It also monitors compliance with relevant financial regulations. In particular, actuaries are professionals with strong mathematical backgrounds who deal with the financial impact of risk and uncertainty.

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 develop a strong background in mathematics and statistics essential to a career in corporate and banking risk management such as market, credit and operational risk.

Subjects you will study include: financial calculus, risk and insurance, advanced corporate finance, applied probability and financial risk, financial economics and statistical inference. You will complete a Mathematics and Finance Honours Project.

Career opportunities




Financial controller


Policy advisor

Business adviser

OHS officer

HR manager consultant

Stock broker

Insurance broker

Fund manager


Public relations coordinator

Market researcher

Advertising executive

Brand/product manager

Event manager

Which department am I in?

Faculty of Engineering and Information Sciences



Study options

Full Time (4 years)

Tuition fees
A$33,840.00 (US$ 22,734) per year
AUD $135,360 for the entire course; Session fees: AUD $16,920

*Price shown is for indicative purposes, please check with institution

Application deadline

Expected June 2023

More details

Start date

27 February 2023, 24 July 2023


University of Wollongong

Northfields Avenue,


New South Wales,

2522, WOLLONGONG, Australia

Entry requirements

For students from United States

To be eligible for admission into this degree you need to have completed an undergraduate degree. The UOW School of Law requires a minimum average mark of 70% (or GPA/WAM equivalent).

For international students

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

IELTS Academic Overall Score of 6.0, reading 6.0, writing 6.0, listening 6.0, speaking 6.0; TOEFL (Internet-based) score of 70, reading 18, writing 18, listening 17, speaking 17; PTE Academic overall score of 54 (Reading and Writing 54, Speaking and Listening 47).

*There may be different IELTS requirements depending on your chosen course.


About University of Wollongong

A world-leading institution, University of Wollongong provides an innovative and transnational global education for its students.

  • Top 1% of universities (QS World University Rankings)
  • 72% graduate employment rate
  • 5+ star university (QS Stars Rating System 2021)
  • Partnerships with over 400 institutions in 45 countries

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