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Finance, M.Sc.

  • Application Deadline
  • 24 months
    Duration
University rank #141 (WUR) Ulm, Germany
The Master in Finance programme from University of Ulm provides a unique interdisciplinary education in mathematical finance to students from around the world. The program, which is taught in English, includes courses from mathematics, applied mathematics, finance and insurance.

About

Special attention will be given to foundations from various branches of applied mathematics (stochastics, statistics, applied and numerical analysis), which are necessary for modeling complex financial processes and products. With the help of such knowledge, students will be able to use advanced mathematical methods in order to solve practical problems. Example applications are portfolio optimization, the pricing and risk analysis of credit derivatives, asset-backed securities and insurance products, or bankruptcy prediction. Many of the offered courses focus on such applications. Students will also gain familiarity with the information system Bloomberg, which is available in the faculty’s trading room.

Professional Perspectives

Through the Master in Finance programme from University of Ulm, students will gain a sound understanding of cutting-edge techniques used by financial institutions, consultants, regulators and many other economic institutions. Topics of the program include valuation and hedging of derivatives, portfolio and risk management, regulatory aspects, and insurance. Graduates with a sound training in these areas are sought after on the job market.

Programme Structure

Courses include:

  • Financial Mathematics
  • Computational Finance
  • Risk Theory
  • Financial Modeling
  • Insurance Economics
  • Corporate Strategy

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score:

    88

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    570

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®

General Requirements

  • Certificate of your Bachelor degree (or other degree qualifying you for the Master) including a transcript of records. If you have not yet completed the degree but expect it to complete before the program starts, it is also possible to apply with a preliminary transcript of records. 
  • A letter of motivation can be added. If you decide to do so, briefly describe (one page is enough) your motivation for studying for a Master in Finance.
  • Proof of English language knowledge (Not needed by applicants who have completed a Bachelor taught in English or whose mother tongue is English). As with the degree certificate, you can hand in the test results later.

Tuition Fee

  • International

    3000 EUR/year
    Tuition Fee
    Based on the original amount of 1500 EUR per semester and a duration of 24 months.
  • EU/EEA

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per semester and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Ulm

  • 730 - 1100 EUR/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Check your budget and academic fit with this study

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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