Master of Science in Mathematical Finance

Christian-Albrechts-Universitat zu Kiel · Kiel, Germany

Level
Master's
Award
Master of Science
Language
English
Duration
4 semesters
Campus
Kiel
Apply by
Register by 31 May 2027
Starts
Winter semester

Christian-Albrechts-Universitat zu Kiel does not publish a fee for this programme on its own. Its published rate for master's programmes is €0 a year for international students.

Entry requirements and how to apply

Entry requirements
Bachelor's degree (180 ECTS credit points) in mathematics with grade 3.0 or better, provided that contents, extent, and scientific level are comparable to BSc in Mathematics from Kiel University, or Bachelor's degree (180 ECTS credit points) in another subject with grade 2.5 or better, if at least 30 credit points are in analysis, linear algebra, probability theory, and statistics, again with grade 2.5 or better (If necessary, admission can be granted conditionally under the condition that students take additional Bachelor's courses in the first two semesters of the programme.) In any case, be aware that the mathematical level in the Master's programme in Mathematical Finance is very high. For an alternative Master's programme with a stronger focus on economics rather than mathematics, consider the Quantitative Finance programme: www.wiso.uni-kiel.de/de/studium/master/quant-fin Precise prerequisites can be found in §16 of the "Fachprüfungsordnung" (presently only in German: www.studservice.uni-kiel.de/sta/fachpruefungsordnung-mathematik-und-finanzmathematik-bachelor-master-1-fach.pdf )
English language requirement
C1 required, please provide an official language certificate, e.g.: Cambridge English Qualifications: C1 Advanced Cambridge English Qualifications Business (BEC) : C1 Business Higher ISE (paper edition): ISE III onSET English: C1 PTE Academic: 76 telc English: telc English C1 TOEFL iBT (before 2026): 95 Reading: 24 Listening: 22 Speaking: 25 Writing: 24 TOEFL iBT (since 2026): 5 Reading: 5 Listening: 5 Speaking: 5 Writing: 5 TOEFL iBT Home Edition (before 2026): 95 Reading: 24 Listening: 22 Speaking: 25 Writing: 24 TOEFL iBT Home Edition (since 2026): 5 Reading: 5 Listening: 5 Speaking: 5 Writing: 5 TOEFL Essentials: 10 Reading: 10 Listening: 10 Speaking: 10 Writing: 10 TOEIC: 945 Reading: 455 Listening: 490 Speaking: 180 Writing: 180 UNIcert® English: UNIcert® III IELTS Academic: 7 ISE Digital: 105
German language requirement
No minimum language level required
Application period
The following is valid for applicants from: all countries until 31 May
Apply through
Please apply via uni-assist .

About this programme

What is Mathematical Finance? The finance industry increasingly relies on complex mathematical models and highly sophisticated mathematical tools, e.g. for derivatives trading and risk management. Mathematical Finance provides their scientific foundation on a variety of levels and deals with a wide range of theoretical and practical issues. On a general theoretical level, students study topics such as the probabilistic structure of financial markets or the choice of a consistent way to measure risk. From a more application-oriented point of view, the concrete valuation of a financial product or the quantification of risk via numerical procedures are of interest. Methodologically, the mathematical focus is on probability, statistics, numerics, optimisation, and analysis. Master's programme Mathematical Finance The Master's programme in Mathematical Finance leads to an MSc within two years. Combining mathematics, financial engineering, economics, and statistics, it provides all the knowledge for a successful career in finance. The Master's programme is particularly aimed at graduates with a BSc in Mathematics. Applicants with a Bachelor's degree in Physics, Engineering, or Economics are also welcome if they have a solid background in university-level mathematics. Knowledge of German is not mandatory in order to successfully complete the programme and be awarded the MSc. Why should I study Mathematical Finance in Kiel? The Master's programme is embedded into a very active resear

Related pages

Other degree programmes at Christian-Albrechts-Universitat zu Kiel