Financial Mathematicians use sophisticated mathematical techniques to measure and manage risk in the financial marketplace.  Topics of study include the pricing of financial contracts such as financial and real options, management of investment portfolios, capital adequacy requirements for financial institutions, valuation of firms, optimal capital management and optimal contracting.

The market demand for financial mathematicians is very high.  Graduates from the University of Queensland have continued into excellent careers in investment and retail banking, insurance and actuarial, risk management in the electricity and mining sectors, and funds management. 

Graduate coursework students may enrol in a Masters of Science in Financial Mathematics, that incorporates courses in financial mathematics, finance, economics and econometrics.  Undergraduate students may take courses in financial mathematics as part of a major in mathematics or statistics.  

Research studies may be pursued at honours, MPhil and PhD level. 

Available Projects

The project is motivated by a number of signi cant new computational challenges arising from the computation of valuation adjustments, collectively referred to as xVA, of over-the- counter derivatives and risk-management (hedging) of associated risks, as required by the on-going fi nancial...

Dr Duy-Minh Dang

Suitable for:  Master/Honours students with a good background in computational mathematics and/or scientific computing.  Proficiency in C++ is a must.

Project:  The project will focus on the development of hybrid Monte...

Ms Janet Seddon

Suitable for:  Master/Honours students with an excellent background in computational mathematics and a strong interest/background in finance (eg Master of Financial Mathematics).

Project:...

Ms Janet Seddon

In Australia, portfolio optimization is also particularly important from the perspective of individual investors with super fund investments. According to the Willis Towers Watsons Global Pension Assets Study 2017, about 87% of the pension plan assets under management in Australia are of the...

Dr Duy-Minh Dang

Partial Differential Equation (PDE) and Monte Carlo (MC) are the two major computational approaches in finance. The PDE approach is a very robust and efficient pricing approach for...

Dr Duy-Minh Dang

Many popular problems in mathematical finance can be posed in terms of a stochastic optimal control problem, which can then be formulated as nonlinear Hamilton-Jacobi-Bellman (HJB) partial differential equations (PDEs), or partial integro-differential equations (PIDEs), when the underlying...

Dr Duy-Minh Dang

Ruin Theory is a branch of actuarial mathematics used by insurance companies for setting reserves.  The cleanest model is that of constant revenue subject to occasional losses (claims). An output of ruin theory in that case is the probability of defaulting.

In the basic model, inter...

Dr Yoni Nazarathy