connect: Mathematics and Statistics
MATHEMATICS AND STATISTICS The School of Mathematics and Applied Statistics has created a teaching, learning and research environment that is extremely dynamic and encompasses the entire breadth of the Mathematical Sciences, including pure and applied mathematics and statistics. The range of course options have a strong industry focus and are fully accredited by the relevant professional bodies. There is a range of undergraduate scholarships, advanced degrees and Dean’s Scholars options. Courses are reviewed regularly and UOW seeks input from stakeholders in industry and in other disciplines to ensure our degrees adequately prepare students for the current workplace environment. The School of Mathematics and Applied Statistics has established an enviable reputation for being research-intensive and the academic research staff are internationally recognised as leaders in their respective fields.
SCHOLARSHIPS The School of Mathematics and Applied Statistics industry partners include Telstra Corporation, Tibra Capital and the Australian Bureau of Statistics. There are a number of scholarships available for 1st year students. Scholarship Name
Value per Scholarship
Number offered each year
University of Wollongong Undergraduate Scholarships
$4,000 p.a. for duration of degree
3
Faculty Scholarships
$3,000 p.a for duration of degree
3
Telstra School of Mathematics and Applied Statistics (SMAS) Scholarship $8,000 for 1st Year
1
Tibra Capital Scholarship
$7,000 for 1st Year
2
Mathematics and Statistics First Year Scholarship
$3,000 for 1 year
1
Bachelor of Mathematics Bachelor of Mathematics ATAR
75 / 90 (Advanced)
Duration
3 years
Starts
Autumn (February), Spring (July)
Location Wollongong ACCREDITATION The Bachelor of Mathematics is accredited by the Australian Mathematical Society UAC
756511 / 756512
CRICOS
002936B / 036040F
CAREERS
Mathematicians work in all areas of industry and government as meteorologists, risk managers, statisticians, investment advisers, biometricians and transport analysts and more. Applied mathematics underpins a number of scientific and commercial enterprises, providing extensive career options. Just about every industry depends at some point on handling and interpreting data, and on predicting and modelling outcomes.
UNIVERSITY OF WOLLONGONG
Mathematics is the basis for successful decision making and problem solving, independent of sector or industry. Mathematical and statistical models help us analyse and forecast results in economics, finance, medicine and industrial processes. This analysis helps governments and businesses understand the factors behind important decisions. By examining health, social, biological, agricultural and bioinformatics data, mathematical methods drive policy and innovation.
WHAT YOU WILL STUDY You will learn highly transferable skills in problem solving, data analysis, probability and variability, mathematical modelling, logistics and logic. The degree is flexible, so you can take up to one third of your subjects from other disciplines to expand your career options. Applied Statistics uses mathematical concepts and methods to develop scientific experiments, sample surveys, medical clinical trials and environmental studies. It uses mathematical models of variation to enable analysis and forecasting in many industries. The School of Mathematics & Applied Statistics at UOW has an international reputation, especially its application to survey and census design and analysis. The Bachelor of Mathematics Advanced is available to students who have superior mathematical knowledge on entry to UOW. It allows you to reduce the number of firstyear mathematics subjects and replace them with enrichment projects which provide opportunities to build links with industry and to understand the interaction between mathematics and society. You’ll also benefit from a close relationship with active researchers.
BACHELOR OF MATHEMATICS AND FINANCE BACHELOR OF MATHEMATICS AND FINANCE ATAR
82 / 93 (Dean’s Scholar)
Duration
4 years
Starts
Autumn (February), Spring (July)
Location Wollongong ACCREDITATION The Bachelor of Mathematics and Finance is accredited by the Australian Mathematical Society. Completion of this degree provides ‘points’ towards membership of Financial Services Institute of Australasia (FINSIA). Specific majors may carry other accreditations. 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. UAC
756503 / 756520 (Dean’s Scholar)
CRICOS 016107B CAREERS
Maths and Finance graduates work in all areas of industry and government as risk managers, investment advisers, traders, financial analysts, biometricians and transport analysts and more. They work in all aspects of the finance sector from traditional banking to futures trading. Applied mathematics underpins a wide range of scientific and commercial enterprises, providing extensive career options. Just about every industry depends at some point on handling and interpreting data, and on predicting and modelling outcomes.
With the sophistication of modern finance products, leading edge banking and financial firms are hiring mathematicians to advance analytical and numerical techniques to price financial derivatives and manage portfolio risks. Mathematical qualifications are essential in this environment—knowing the principles of finance is not enough. Bankers, investment managers, insurance companies and financial companies all rely on financial mathematics to survive and stay ahead of the competition. The tools of mathematical analysis and prediction are essential to financial operations. This degree allows you to specialise your skills by selecting one of the majors below.
Majors Quantitative corporate finance and investments Quantitative corporate decision processes may be short-term or long-term. Long-term decisions typically deal with the choice and type of corporate investments, sources of equity or debt funding and financial risk management. Short-term decisions mainly deal with working capital management of short-term assets and liabilities.
Quantitative and computational trading This major provides a solid foundation in mathematical finance and the specialist practical skills to be a successful quantitative trader. You acquire mathematical, statistical, financial and computer skills to understand, implement and develop computer-driven trading strategies and be able to make informed investment decisions and evaluate portfolio risks.
Mathematical economics The aim of this major is to provide students with a grounding in the necessary skills for the application of mathematical methods, concepts and reasoning to economic theory and problem solving in both micro-economics and macro-economics. The mathematical foundation includes econometrics, financial and linear modelling and calculus, differential equations, statistics and associated topics.
Risk management and insurance Risk management is now recognised as an essential part of strategic objectives at both personal, corporate and government levels. A strong background in mathematics and statistics is essential for careers in corporate and banking risk management such as market, credit and operational risk. The profession covers a wide range of activities including the assessing, quantifying, monitoring and mitigating of financial risk exposures; and monitoring compliance with financial regulations.
Financial planning This major is particularly applicable to those who wish to pursue a career within the financial services industry by gaining professional qualifications in the areas of providing financial planning and financial advice to clients. The areas of service provision are very wide including investment and asset portfolio construction and advice, superannuation, retirement and estate planning and associated services.
BACHELOR OF MEDICAL MATHEMATICS BACHELOR OF MEDICAL MATHEMATICs ATAR
85 / 93 (Dean’s Scholar)
Duration
3 years
Starts
Autumn (February)
Location Wollongong UAC
756530 / 756535 (Dean’s Scholar)
CRICOS 072790B cAREERS
Graduates will have the skills needed to pursue careers in mathematics, statistics and medical research and will be suitably prepared for postgraduate studies in medicine, mathematics and allied health professions.
The rapid development of medical technology has created a niche sector which relies on the skill sets of mathematicians and statisticians. The Bachelor of Medical Mathematics is a 3-year degree that has been pioneered by UOW in response to the needs identified by the medical and health sectors.
WHAT WILL YOU STUDY This degree will provide the mathematics and statistics skills required for advanced modelling and analysis applications in medical sciences, as well as a basic background in physiology, chemistry and biology.
engineering
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The University of Wollongong attempts to ensure the information contained in this publication is correct at the time of production (April 2013); however, sections may be amended without notice by the University in response to changing circumstances or for any other reason. Check with the University at the time of application/enrolment for any updated information. UNIVERSITY OF WOLLONGONG CRICOS: 00102E