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20 Affordable Master's degrees in Financial Mathematics
When considering an affordable master's degree in Financial Mathematics, it's essential to understand what qualifies as 'affordable'. In our system, any master’s programme with tuition fees ranging from €0 to €2,500 per year is considered affordable. This means that affordable master's programmes in Financial Mathematics can start from €0, offering tuition-free options for international students. Several countries are renowned for providing cheap master's degrees in Financial Mathematics. For instance, you can explore affordable Financial Mathematics programs in Germany, where many public universities offer tuition-free education. Similarly, cheap Financial Mathematics degrees in France are available, often with minimal fees. Other budget-friendly options include budget-friendly Financial Mathematics in Poland, affordable Financial Mathematics in Italy, and low-cost Financial Mathematics in Portugal. These countries not only offer affordable tuition but also provide high-quality education, making Financial Mathematics an attractive field of study for cost-conscious students. Additionally, for those who prefer flexibility, affordable online Financial Mathematics master's programmes can be a great alternative, allowing you to study from anywhere in the world without compromising on quality.
Comenius University Bratislava3,9(105)
Bratislava, Slovakia Top 4% in Worldwide Mathematics of Economy, Finance and Modeling
This program is a comprehensive program of teaching mathematics and mathematical methods used in economics and finance, as well as in the natural and technical sciences. A deep understanding of mathematical basics forms the basis for teaching applied subjects, considerable emphasis is placed on mastering work with computers and foreign language literature.
Master Full-time On-campus
2 years$2,091/yr
Universiti Utara Malaysia (UUM)4,1(29)
Kuala Kedah, Malaysia Top 5% in Worldwide Mathematics (Research)
Mathematics (Research) from University Utara Malaysia (UUM) is focusing on creating holistic and balanced individuals and provides conducive learning environment that foster the creation of technologically advanced minds.
M.Sc. Full-time +2 On-campus
2 years$1,215/yr
Bogazici University4,3(250)
Istanbul, Turkey Top 3% in Worldwide Financial Engineering
The School of Engineering of Bogazici University, in collaboration with the School of Economics and Administrative Sciences and the School of Arts and Sciences, in the year 2002 established a Master of Science degree program in Financial Engineering (MSFE).
M.Sc. Full-time On-campus
1½ year$1,000/yr
Western Caspian University4,7(87)
Baku, Azerbaijan Financial Control and Audit
Master’s in Financial Control and Audit at Western Caspian University is a full-time multidisciplinary programme that delves into accounting and financial analysis.
Master Full-time On-campus
2 years$2,500/yr
METU Middle East Technical University4,3(345)
Ankara, Turkey Top 3% in Worldwide Financial Mathematics
The Master of Science in Financial Mathematics at METU Middle East Technical University combines the strengths of the Departments of Mathematics, Business Administration, Economics, Statistics, Physics and Industrial Engineering of Middle East Technical University, and it closely collaborates with Centers of Excellence worldwide.
M.Sc. Full-time On-campus
2 years$1,500/yr
WU (Vienna University of Economics and Business)4,0(47)
Vienna, Austria Quantitative Finance
Do you want to make a career in finance? In the WU (Vienna University of Economics and Business) Master’s Program in Quantitative Finance, you will gain strong financial and computational skills that will make you sought-after in the global finance sector. Study in a truly international environment and lay the foundation for your career as a future quant.
M.Sc. Full-time On-campus
2 years$1,687/yr
University of Würzburg4,7(15)
Würzburg, Germany Top 2% in Worldwide Mathematics International
Mathematics International from University of Würzburg provides a fascinating, demanding, and research-oriented study program.It offers advanced topics in the full variety of pure and applied mathematics. After graduation one can opt for excellent job perspectives outside university or PhD programs in Mathematics inside the university.
M.Sc. Full-time On-campus
2 yearsFree
University of South Africa (UNISA)4,1(401)
Online Top 5% in Worldwide Accounting Sciences (Financial Accounting)
The master of Accounting Sciences (Financial Accounting) signals University of South Africa (UNISA)'s commitment to contribute towards the advancement and transformation of the accounting profession in South Africa and to support positive growth and development of the financial and economic sectors.
M.Sc. Part-time Online
$347/yr
University of Kaiserslautern-Landau4,7(190)
Kaiserslautern, Germany Top 5% in Worldwide Actuarial and Financial Mathematics
The Actuarial and Financial Mathematics programme at the University of Kaiserslautern-Landau is a scientific-research-oriented programme that provides the theoretical foundations and skills necessary for a comprehensive understanding of large areas of the increasingly complex financial and actuarial markets. It also provides a link between mathematics and financial economics.
M.Sc. Full-time On-campus
2 yearsFree
University of Basel3,9(12)
Basel, Switzerland Top 1% in Worldwide Finance and Money
The specialized Master's program in Finance and Money at the University of Basel provides students with the conceptual knowledge and the methodological skills required for professional financial decision making.
Master Full-time On-campus
1½ year$2,160/yr
Turan International University
Namangan, Uzbekistan Applied Mathematics
The Master’s programme in Applied Mathematics from Turan International University provides advanced knowledge in mathematical modelling, numerical analysis, and applied problem-solving. The programme develops strong analytical and research skills, preparing graduates for careers in industry, research, data analysis, and further doctoral studies.
M.Sc. Full-time On-campus
2 years$2,000/yr
ETH Zurich - Swiss Federal Institute of Technology4,1(53)
Zürich, Switzerland Top 0.1% in Worldwide Quantitative Finance
The Quantitative Finance program at ETH Zurich - Swiss Federal Institute of Technology is a highly international degree program offered jointly by the University of Zurich and ETH Zurich.
M.Sc. Full-time On-campus
1½ year$1,855/yr
University of Bologna4,2(412)
Bologna, Italy Top 1% in Worldwide Quantitative Finance
The Master degree in Quantitative Finance at University of Bologna provides a unique opportunity for graduate study of frontier mathematical and statistical techniques applied to financial markets.
M.Sc. Full-time On-campus
2 years$182/yr
University of Moratuwa4,5(150)
Moratuwa, Sri Lanka Top 10% in Worldwide Financial Mathematics
This Financial Mathematics programme at the University of Moratuwa consists of four main areas: Finance, Statistics, Operational Research, Mathematics, which are helpful for the financial analysis, decision making and product development.
M.Sc. Part-time On-campus
2 years$760/yr
University of Peradeniya4,3(30)
Kandy, Sri Lanka Top 6% in Worldwide Industrial Mathematics
Industrial Mathematics MSc programme is offered at University of Peradeniya deals with developing mathematical models, finding solutions and interpreting the results of problems that come up in industry.
M.Sc. Full-time On-campus
2 years$380/yr
École Normale Supérieure de Lyon3,7(11)
Lyon, France Top 2% in Worldwide Advanced Economics
The Master’s degree in Economics delivered by École Normale Supérieure de Lyon has a single track called Advanced Economics. This two-year program, entirely taught in English, establishes solid foundations in all areas of economics and emphasizes rigorous research under close faculty supervision.
Master Full-time On-campus
2 years$290/yr
Izmir Institute of Technology4,1(131)
Izmir, Turkey Top 8% in Worldwide Mathematics (Non-thesis)
Mathematics (Non-thesis) from Izmir Institute of Technology provides a four-year of formal education in mathematics. The annual curriculum consists of 14-weeks of Fall and Spring semesters and an optional 6-weeks of Summer School.
M.Sc. Full-time On-campus
2 years$790/yr
National Ilan University5,0(1)
Yilan, Taiwan Applied Economics
The Master of Applied Economics is offered at National Ilan University. The Applied Economics major prepares students to pursue careers that address real-world problems using data and economic principles. These problems come from a wide range of areas, such as world food problems, trade, environment and sustainability, inequality and poverty, and public health and public policy.
M.A. Full-time On-campus
2 years$1,180/yr
Ludwig-Maximilians-University (LMU) Munich4,1(106)
München, Germany Top 0.5% in Worldwide Financial and Insurance Mathematics
The Master Degree programme in Financial and Insurance Mathematics at Ludwig-Maximilians-University (LMU) Munich combines knowledge from mathematics – especially financial and insurance mathematics, stochastics and numerics – with economic sciences and statistics.
M.Sc. Full-time On-campus
2 yearsFree
University of Johannesburg4,1(214)
Johannesburg, South Africa Top 2% in Worldwide Finance (CW)
The purpose of the Finance (CW) program from University of Johannesburg is to develop applied competence in the mastering, interpretation, reflecting on and application of principles in the broader field of finance.
Master Full-time On-campus
2 years$1,416/yr
Frequently Asked Questions
Several countries offer a cheap master's degree in Financial Mathematics for international students. You can find affordable Financial Mathematics master’s in Germany, where tuition fees are often under €2,500 per year. Similarly, Poland provides budget-friendly programmes with low tuition fees. Other options include Norway, Sweden, and Denmark, all of which offer affordable Financial Mathematics degrees in Europe. These countries are known for their high-quality education and relatively low tuition costs.
The average cost of a cheap master's degree in Financial Mathematics typically falls under €2,500 per year. In some countries, such as Germany and Poland, tuition fees can be as low as €1,000 per year. Additionally, living costs vary by country, but students can expect to budget around €800 to €1,200 per month for accommodation, food, and other expenses. It's important to research specific universities and locations to get an accurate estimate of total costs.
Yes, there are scholarships available for cheap Financial Mathematics master degrees. Many universities and governments offer scholarships specifically for international students. For example, the DAAD scholarships in Germany and the Polish Government Scholarship Programme are popular options. Additionally, some universities provide merit-based scholarships or need-based financial aid. It's advisable to check the specific scholarship opportunities offered by the university you are interested in and apply well in advance of your intended start date.
Yes, you can get an affordable online master's degree in Financial Mathematics. Many universities offer flexible, distance-learning options that are cost-effective. For instance, you can explore affordable online Financial Mathematics master’s programs that allow you to study from anywhere in the world. These programmes often have lower tuition fees compared to on-campus options and offer the convenience of studying at your own pace.
The admission requirements for a cheap master's in Financial Mathematics typically include a bachelor's degree in a related field such as mathematics, statistics, finance, or economics. Most programmes require a minimum GPA, usually around 2.7 to 3.0 on a 4.0 scale. Additionally, you may need to submit standardised test scores like the GRE, though some universities waive this requirement. Other common requirements include letters of recommendation, a statement of purpose, and proof of English proficiency through tests like IELTS or TOEFL.
The duration to complete an affordable master's in Financial Mathematics usually ranges from 1 to 2 years, depending on the programme and whether you study full-time or part-time. Full-time programmes typically take 1 year to complete, while part-time options can extend up to 2 years. Online programmes offer more flexibility, allowing students to complete the degree at their own pace, though most still aim to finish within the 1 to 2-year timeframe. It's important to check the specific duration of the programme you are interested in.