Master of Data Science in Quantitative Finance

Admissions information

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• Course description arrow_forward_ios

  This course is tailored for both aspiring and established quantitative finance professionals seeking to navigate the evolving financial landscape marked by accelerated financial innovation, the emergence of new risks, and major regulatory changes.

  You will undertake subjects on financial market instruments, derivative security pricing, risk management, and interest rate modelling, underpinned by core competencies in probability theory, stochastic analysis, optimisation, and financial econometrics. This is further supplemented by specialist studies in machine learning and Bayesian analysis.

  Through a year-long research project, you will study and apply advanced computational, numerical and statistical methods to solve industry-relevant financial problems and learn to report and communicate insights to various audiences. Learning occurs through a combination of current, industry-relevant subjects and hands-on experience, ensuring you stay abreast of market demands and gain the competencies needed for a cutting-edge career in quantitative finance.

  Upon completion, you will be well-equipped for a successful career in financial institutions, consulting, or government in roles such as quantitative analyst, data scientist, risk analyst, or investment analyst.

  Course content is comprised of 11 subjects, including six subjects from the Master of Quantitative Finance. Students engage with the in-depth study of financial market instruments, probability theory, and credit and market risk, among others, and diversify their skill sets with specialist study in machine learning, Bayesian methods and mathematical research.

  They also learn to apply their theoretical learning to industry-relevant assignments in areas such as derivative security pricing and hedging, valuation of financial instruments, market and credit risk measurement and management, and machine learning.

• Important dates arrow_forward_ios

  Find out more about application dates relating to this course

• Scholarships and prizes arrow_forward_ios

  Discover our scholarships for undergraduate, postgraduate and research students. Our scholarships celebrate diversity and academic excellence. Use the scholarship search tool to find the right scholarship for you.

  Scholarships for domestic students

  Scholarships for international students

• Course duration arrow_forward_ios

  The course is normally completed in two years of full-time study or four years of part-time study.

• Admission requirements arrow_forward_ios

  To be eligible for admission to this course, applicants must meet the following criteria.

  Applicants must have the following:

  • Completed Australian bachelor's degree or higher qualification, or overseas equivalent, in a related discipline with a substantial quantitative component in mathematics, statistics, engineering, computer science, physical sciences, econometrics, or mathematical finance

  Eligibility for admission does not guarantee offer of a place.

  English language requirements

  IELTS Academic: overall 6.5, writing 6.0 TOEFL iBT: overall 79, writing 21 UTS College AE5: Pass Pearson PTE: overall 58, writing 50 Cambridge C1A/C2P: overall 176, writing 169

• Domestic course fees arrow_forward_ios

  2025 Indicative tuition fees for government-supported domestic students

  This course offers a limited number of Commonwealth Supported Places (CSP). This means the Australian Government contributes to your education costs, and you pay the remaining tuition fees, known as the student contribution. If eligible, you can defer payment through HECS-HELP, or you can choose to pay your fees upfront each session.  

  CSP applications are reviewed continuously by the university and offered based on merit, so we recommend applying early to be considered. Learn more about applying for a CSP, eligibility and key dates.

  2025 Tuition Fees

  • Indicative first-year tuition fee: $4,627
  • Indicative Total tuition fee: $9,375

  Tuition fees are reviewed annually, with any new rates effective from the beginning of each calendar year. The total indicative tuition fee includes estimated annual increases over the duration of the course.

  Additional Costs 

  Your tuition fees do not include:

  • The Student Services and Amenities Fee (SSAF), which supports student services and activities. If eligible, you can defer this fee using SA-HELP.
  • Textbooks, materials, and other course-related costs.
  • Any applicable payment processing fees (e.g., credit card surcharges). 

  Important Information 

  • Fees are shown in Australian Dollars (AUD).
  • The indicative tuition fees above are based on full-time study (1 year = 48 credit points).
  • Your actual fees depend on the year you enrol, your study load and the subjects you choose. Some subjects fall into different student contribution bands.
  • You can calculate your student contribution based on the amounts listed in the student contribution table.

  Alumni Advantage Program 

  As a UTS graduate, you can enjoy a 10% discount on your course fees. Just apply for the course you're interested in, and if you're accepted, the discount will automatically be applied to your enrolment invoice. Learn more about the Alumni Advantage Program. 

  If you have any questions about course fees, please feel free to make an enquiry.

  Information for Masters by Research students: Government-funded scholarship places available

  As a recipient of the Australian Government’s Research Training Program (RTP) Fees Offset Scholarship, you do not have to pay tuition fees for up to the maximum period of candidature. However, even with this scholarship, you should expect ongoing costs that aren’t covered, like travel, training, and professional development. These costs can vary for each person, so it’s important to plan accordingly. Additionally, scholarships are available to help with your living expenses.

  Important details: The RTP Fees Offset Scholarship covers your tuition fees, but please note that it doesn’t include additional costs related to studying or conducting research. Additional fees for domestic students. For more information visit Research student fees.

  2025 Indicative tuition fees for domestic students

  As a postgraduate student, you'll be responsible for covering your own tuition fees.

  2025 Tuition Fee

  • Indicative first-year tuition fee:  $44,820
  • Indicative total tuition fee:  $91,657

  You can choose to pay your fees upfront per session, or if you’re eligible, you can defer them using a government FEE-HELP loan. This loan helps you cover all or part of your tuition fees. Keep in mind that applications for this loan are specific to each course.

  Additional Costs 

  Your tuition fees do not include:

  • The Student Services and Amenities Fee (SSAF), which supports student services and activities. If eligible, you can defer this fee using SA-HELP.
  • Textbooks, materials, and other course-related costs.
  • Any applicable payment processing fees (e.g., credit card surcharges).

  Important Information 

  • Fees are shown in Australian Dollars (AUD).
  • The indicative tuition fees above are based on full-time study (1 year = 48 credit points).
  • Your actual fees depend on the year you enrol, your study load and the subjects you choose. Some subjects fall into different student contribution bands.
  • You can calculate your student contribution based on the amounts listed in the student contribution table

  Alumni Advantage Program 

  As a UTS graduate, you can enjoy a 10% discount on your course fees. Just apply for the course you're interested in, and if you're accepted, the discount will automatically be applied to your enrolment invoice. Learn more about the Alumni Advantage Program. 

  If you have any questions about course fees, please feel free to make an enquiry.
 

  Information for Masters by Research students: Government-funded scholarship places available

  As a recipient of the Australian Government’s Research Training Program (RTP) Fees Offset Scholarship, you do not have to pay tuition fees for up to the maximum period of candidature. However, even with this scholarship, you should expect ongoing costs that aren’t covered, like travel, training, and professional development. These costs can vary for each person, so it’s important to plan accordingly. Additionally, scholarships are available to help with your living expenses.

  Important details: The RTP Fees Offset Scholarship covers your tuition fees, but please note that it doesn’t include additional costs related to studying or conducting research. Additional fees for domestic students. For more information visit Research student fees.

• Inherent requirements arrow_forward_ios

  Inherent requirements are academic and non-academic requirements that are essential for successfully completing a course at UTS. You can find the inherent requirements for your course via the inherent requirements directory.

• Recognition of prior learning arrow_forward_ios

  Students may be granted a maximum of 36 credit points of recognition of prior learning.

• Transfer between UTS courses arrow_forward_ios

  Students who complete C11307 Graduate Certificate in Data Science in Quantitative Finance or C04373 Master of Quantitative Finance can transfer into C04418 Master of Data Science in Quantitative Finance and receive full recognition of prior learning for the subjects already completed.

• Important notes arrow_forward_ios

  Commonwealth Supported Places

  There are a limited number of Commonwealth Supported Places (CSPs) available in this course, which are competitive and awarded based on merit. To be considered for a CSP, applicants must:

  • Indicate their interest in a CSP on their application.
  • Apply on time in line with CSP deadlines (it is recommended applicants apply early as applications are assessed progressively).

  Eligible applicants must accept their offer by the lapse date to retain their place. For application deadlines and information, please refer to Postgraduate courses with Commonwealth Supported Places.

  30% Postgraduate Scholarship

  There is a 30% Postgraduate Scholarship available in 2025. Eligible students must commence one of the Master's quantitative finance courses in the Faculty of Science:

  • C04373 - Master of Quantitative Finance; or
  • C04418 - Master of Data Science in Quantitative Finance; or
  • C04419 - Master of Mathematics and Quantitative Finance.

  For more details, refer to the UTS Quantitative Finance Postgraduate Scholarship.