FMAT4106: Financial Maths and Stats Honours Project D

First class honours with University Medal; 95–100

Outstanding First Class quality of clear Medal standard, demonstrating independent 
thought throughout, a flair for the subject, comprehensive knowledge of the subject 
area and a level of achievement similar to that expected by first rate academic journals. 
This mark reflects an exceptional achievement with a high degree of initiative and 
self-reliance, considerable student input into the direction of the study, and 
critical evaluation of the established work in the area.

First class honours; 90–94  (University Medal optional)

Very high standard of work similar to above but overall performance is borderline 
for award of a Medal. Lower level of performance in certain categories or areas 
of study above. In order to qualify for the award of a University medal, it is necessary 
but not sufficient for a candidate to achieve a SCIWAM of 80 or greater and an Honours 
mark of 90 or greater. Faculty has agreed that more than one medal may be awarded in 
the subject of an Honours course. The relevant Senate Resolution reads: ‘A candidate 
with an outstanding performance in the subject of an Honours course shall, if deemed 
of sufficient merit by the Faculty, receive a bronze medal’.   Recommendations to award 
a medal to a student who satisfies these requirements must be accompanied by a brief 
statement outlining the basis for the claim that the student’s performance is outstanding.  
This should include:  (i) a written statement summarizing the evidence of outstanding 
performance during the Honours course (e.g. prizes, ranking of course and thesis marks) 
and of consistently meritorious performance throughout all undergraduate years;  
(ii) an academic transcript summarizing the student’s undergraduate performance;  
(iii) any other relevant information that would help inform the examining committee.
Students with an Honours mark of 90 or greater and a SCIWAM of 77 to 79 inclusive may 
be considered for the award of a university medal only if it can be demonstrated that 
their WAM was affected by sickness, misadventure, unusual workload or choice of units of study.

First class honours; 80–89 

Clear First Class quality, showing a command of the field both broad and deep, with 
the presentation of some novel insights. Student will have shown a solid foundation 
of conceptual thought and a breadth of factual knowledge of the discipline, clear 
familiarity with and ability to use central methodology and experimental practices 
of the discipline, and clear evidence of some independence of thought in the subject 
area. Some student input into the direction of the study or development of techniques, 
and critical discussion of the outcomes.

Second class honours, first division; 75–79

Second class Honours, first division – student will have shown a command of the theory 
and practice of the discipline. They will have demonstrated their ability to conduct 
work at an independent level and complete tasks in a timely manner, and have an adequate 
understanding of the background factual basis of the subject. Student shows some initiative 
but is more reliant on other people for ideas and techniques and project is dependent 
on supervisor’s suggestions. Student is dedicated to work and capable of undertaking 
a higher degree.

Second class honours, second division; 70–74

Second class Honours, second division – student is proficient in the theory and practice 
of their discipline but has not developed complete independence of thought, practical 
mastery or clarity of presentation. Student shows adequate but limited understanding of 
the topic and has largely followed the direction of the supervisor.

Third class honours; 50–69

Third class Honours – performance indicates that the student has successfully completed 
the work, but at a standard barely meeting Honours criteria. The student’s understanding 
of the topic is extremely limited and they have shown little or no independence of thought 
or performance.