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Future Students> Postgraduate Coursework> Programs & Courses> Details of Programs> Master of Statistics

Master of Statistics

Statistics Staff and Research Interest

The Master of Statistics program is the longest running program of its kind in Australia. It covers a wide range of statistical theory and practice and provides advanced training for those who are currently or are aiming to become, practicing statisticians. The program may be completed in one and a half years of full-time or three years of part-time study.


Entry is available to graduates with a pass degree in Statistics or an honours degree in a related field (commonly Mathematics) with supporting studies in Statistics. Honours graduates in Statistics may be exempted from a maximum of one third of the lecture subjects and could complete the degree with one year of full time study. Graduates from other suitable fields of study such as engineering, commerce or business studies can be admitted to the program via an individually specified qualifying program of study - please contact the course coordinator below for further details. More general information about postgraduate coursework studies in mathematics is available online.

More specialised Masters Programs available are:

Degree Requirements

The academic requirement for the degree is 72 units of credit (uoc). Unless otherwise noted, all courses listed below are 6uoc each.

Please note that the courses MATH5905 Statistical Inference and MATH5835 Stochastic Processes are compulsory for all students enrolled into the Master of Statistics Program.

Courses Available

The core set of compulsory courses is designed to strengthen and deepen knowledge of the fundamentals of statistical science and to develop consulting and project writing skills. The electives are designed to give variety and to provide opportunities to learn in depth some important applications of Statistics in Finance, Biological and Medical Science, Industry and Economics.

Courses offered for 2008 (Semester 1 and Semester 2) are shown below with the timetable for Semester 1


Core courses (offered every year)

  • MATH5835 Stochastic Processes Semester 1
  • MATH5905 MATH5905 Statistical Inference Semester 2
  • MATH5925 Project (12uoc)
Elective Courses(offered approximately every second year)

  • MATH5335 Computational Methods for Finance
  • MATH5805 Special Topics in Statistics
  • MATH5806 Applied Regression Analysis
  • MATH5815 Experimental Design
  • MATH5816 Continuous Time Financial Modelling
  • MATH5825 Measure, Integration & Probability
  • MATH5826 Statistical Methods in Epidemiology
  • MATH5836 Data Mining
  • MATH5845 Time Series
  • MATH5855 Multivariate Analysis
  • MATH5875 Sample Survey Design
  • MATH5885 Longitudinal Data Analysis]
  • MATH5876 Data Management for Statistical Applications
  • MATH5895 Non-parametric Methods
  • MATH5915 Medical Statistics
  • MATH5935 Statistical Consulting
  • MATH5945 Categorical Data Analysis
  • MATH5960 Bayesian Inference & Computation
  • MATH5965 Discrete Time Financial Modelling
  • MATH5975 Introduction to Stochastic Analysis
  • MATH5985 Term Structure Modelling
Semester 1, 2008

Please refer to the timetable for Semester 1
Semester 1 Timetable

Semester 2, 2008 (TBC)

Please refer to the timetable for Semester 2 when it becomes available.

Up to 24 UOC may be taken in graduate courses offered by other Departments or Schools within the University, subject to the approval by the course authority. Examples include areas such as econometrics, theory of finance, market research, optimization, operations research, transportation planning, business forecasting, total quality management, population genetics.

The Masters Project

The project provides an opportunity to specialise in a particular area of Statistics to develop research capability and to understand, interpret and use in practice results published in scientific journals. The candidate presents a typed project report, in the layout of an article along with an oral presentation summarising the main points. Typical projects require analysis of a substantial data set using advanced statistical software. A convenient room is available for the students where they can work on their projects. The room is equipped with modern computing facilities.

Recent Examples of Projects

  • Transfer Function Modelling in Applied Time Series Analysis.
  • Density Estimation using Wavelets.
  • Markov Mixture Regression Models for Count Data.
  • Testing The Lack of Fit of a Model and Outliers Detection using Nonparametric Regression.
  • Generalised Linear Autoregressive Models for Count Time Series.
  • The Epidemiology of Cutaneous Melanoma in New South Wales.
  • Statistical Analysis of Sydney Television Viewing.
  • Analysis of bank failures: the case of Indonesia
  • Logistic Regression for Predicting Sea Breeze Occurrence in Sydney Harbour
  • Statistical Inference using ARCH and GARCH Processes
  • Methodology for Electricity Pool Price Forecasting

Statistical Consulting

The statistical consulting subject provides the opportunity to analyse real data sets and to give professional advice to university researchers.


Computing Resources

Students have access to PC and linux laboratories. The latest versions of Splus, SAS, SPSS, Matlab, Minitab, Excel, Mathcad and other Windows and X-Windows packages are widely available.


Who Should Apply and When

The formal requirements are listed above in the Overview. However, we encourage applications from candidates who have a strong quantitative background such as in economics, econometrics, science and engineering. Individually tailored Masters qualifying programmes can be arranged where appropriate.

Students may enrol by February to start in Semester 1 or by June to start in Semester 2.


Class Times

For the convenience of part-time and full-time students, classes are typically taught from 5:30pm to 8:00pm on weekdays during term.


Important Information About Fees

All coursework masters programs at UNSW are fee-paying. Australian residents, eligible for the HECS will be able to apply for means tested HECS scholarship for coursework master programs. The Master in Statistics course is included in this scholarship scheme. This means that it will remain fee-paying, but students who meet the criteria will pay on a HECS basis.


Masters Programs Co-ordinator

Dr Donna Salopek
School of Mathematics and Statistics
University of New South Wales
Sydney 2052 Australia
Phone: (02) 9385 7030
Fax: (02) 9385 7123

Inquiries via e-mail must be sent to pg.MathsStats@unsw.edu.au


Statistics Staff and Research Interests

The academic staff of the Department of Statistics covers a wide range of teaching, research and consulting interests. All academic staff are active in research. They also have extensive consulting experience within the research community at UNSW as well as for leading commercial clients in areas such as financial mathematics, expert witnessing in legal cases, meteorological modelling, epidemiology and market research. International visitors to the Department may lecture in current topics to the Masters students.


Benefits from the Degree

Our graduates find employment very quickly after graduation. Prospective employment opportunities exist in the area of Finance and Insurance, Industry, the Public Sector, in Computing Companies and other Private Companies. The starting salaries are quite good. Many overseas students attend the course. An incomplete list of our graduates from recent years includes students from Bangladesh, China, Hong Kong, Indonesia, Lebanon, Philippines, Singapore, South Korea, Sri Lanka and other countries around the globe.

"The Master of Statistics degree has provided me with a much greater understanding of how to value and think about complex financial products. The selection of courses has been highly relevant to my career in financial markets and has provided me with a solid base from which to move (should I so desire) into a diverse range of job functions. As a part-time student with full-time work commitments I have been particularly impressed with the level of support provided by academic staff-both in terms of the quality of teaching and in their willingness to discuss subject material outside of designated hours. I would recommend the degree to anyone with an interest in probability and statistics and a desire to enhance their knowledge, understanding and career potential".
Gordon Browne, Equity Derivatives Trader, BNP Equities, Sydney.

"Three years ago, when I first enrolled in my Masters of Statistics, it was clear that another qualification was necessary to further my career. The number of choices was enormous. Should I take a course in Finance or Management would be more to my taste? Research revealed that the Mstat at UNSW contained 3 courses in Financial Mathematics, from Stochastic Calculus to the Heath-Jarrow-Morton Model. This made up my mind. Statistics was it! The course proved to be much more interesting (and better taught) than I expected. It was also obvious that the skills I was learning were adding significantly to my worth as a financial statistician. Competition in the Australian finance industry is intense, especially for technical staff, and the UNSW Mstat is an invaluable career edge".
Edmund Bosworth, Assistant Group Treasurer, Credit Union Services Corporation, Australia, NSW Branch Secretary of the Statistical Society of Australia


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