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School of Engineering and Mathematical Sciences
Department of Mathematics and Statistics
Bachelor of Mathematical and Statistical Sciences
VTAC code 21221
With a Finance or Economics co-major
Creating highly skilled graduates for careers in Finance and Economics
A three year degree specialising in finance or economics and either mathematics or statistics. A fourth Honours year is also available.
- Students study all core areas of finance or economics.
- Students study both mathematics and statistics at first year and then study either through to third year, and possibly to honours.
- Graduates are eligible to apply for professional membership of
- Australian Mathematical Society
- Statistical Society of Australia
- The Australasian Institute of Banking and Finance (accreditation is being sought)
Mathematical and Statistics:
Natural partners for Finance and Economics
- Banking and investment has always involved some mathematics, but in recent years the level of mathematical and statistical modelling required has increased dramatically.
- Mathematics and Statistics combine in such areas as stochastic differential equations and game theory which are heavily used by financiers and economists.
- Computer packages based on advanced mathematics and statistics are an almost essential feature of trading in the derivatives and futures markets and, for this reason, most leading financial firms employ high level mathematicians and statisticians.
- If you are considering a career in finance or economics, a major study of mathematics and statistics at university will greatly enhance your ability to understand financial and economic models and to keep abreast of new developments.
Strengths of the Program
- La Trobe’s finance course was designed in conjunction with the finance industry, to ensure that students have the required knowledge of banking and international and corporate finance. It prepares students for banking, corporate finance, portfolio management, stockbroking, financial planning, futures trading and options trading.
- State of the Art: you will learn the latest computing tools used by professional mathematicians, finance and economics professionals and statisticians.
- Proven teaching: La Trobe’s Departments of Mathematics and Statistical Sciences has established a unique approach to its teaching, based on active problem solving sessions.
- Career focus: you can choose combinations of subjects specifically tailored to help you get the finance, economics, mathematics or statistics job you want. Your career prospects will be enhanced by having a strong knowledge of mathematics and statistics.
What the Experts say
- “A combination of computer horsepower and mathematical brainpower has made it possible to find new sources of profit in the forecasting of financial markets”. Matt Ridley (The Economist)
- “We could not exist without the mathematics we have put to work”. Paul Collins (Citibank)
- “Mathematical models are particularly important in terms of trading”. David Bell (Chief Executive, Financial Times Group)
- “The ability to forecast markets depends on the success of non-linear statistics”. Paul Ormerod (Henly Center for Forecasting)
Entry requirements for the BMathStatSc
The prerequisite is a study score of 20 in English and either a study score of 25 in Mathematical Methods or a study score of 20 in Specialist Mathematics.
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