Overview

Financial Engineering is a carefully designed Master's programme, belonging to the popular educational area of financial engineering. Focusing on both theoretical and quantitative computer-based methods of financial analysis, the programme provides an advanced basis in mathematics, oriented towards financial real-life problems.

Research is concentrated on financial mathematics, financial engineering, financial and risk management software, actuarial mathematics, applied statistics, stochastic processes and simulation. To prepare you for a senior position in finance, advanced financial software and programming languages are systematically used in the teaching process. You also have the opportunity to be involved in research activities.

Employment and Future Prospects

As a graduate you will have very competitive advanced qualifications for obtaining senior positions in a bank, on the stock exchange, in an investment company, insurance or financial software company, in government or a financial institution.

Alumni from the programme can be found in senior positions all over the world.

You will also have the opportunity to continue your education at the Ph.D. level at Mälardalen University or at another high-quality educational institution or university anywhere around the globe.

Programme Structure

Courses include:

Mathematics/Applied Mathematics:
Analytical Finance
Software for mathematical statistics and financial applications,
Stochastic Processes,
Differential Equations in Finance,
Actuarial Mathematics

Key information

Duration

Full-time
- 24 months

Start dates & application deadlines

Starting 2026-08-31 00:00:00
- Apply before 2026-04-15 00:00:00 , EEA/EU
Starting 2027-08-31 00:00:00
- Apply before 2027-01-15 00:00:00 , International

More details

EU/EEA: You can also apply in the national application period open between mid March and mid April.

Language

English

TOEFL^® IBT

90

Schedule TOEFL®

IELTS

6.5

Prepare for Your English Test

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4.9/5 student rating

Credits

120 ECTS

Delivered

On Campus

Campus Location

Västerås, Sweden

Disciplines

Finance Financial Mathematics Financial Technology View 4 other Masters in Financial Mathematics in Sweden

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

TOEFL^® IBT

90

Schedule TOEFL®

IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

A completed Bachelor's degree from an institution of higher education of three years or more, equivalent to 180 credits, of which at least 60 credits in Mathematics including probability theory and statistics.

A TOEFL test result, with a minimum score of 575 with a TWE score of at least 4.5 (PBT) or 90 with a TWE score of at least 20 (iBT) or an IELTS test result with an overall band score of at least 6.5 and no band score below 5.5 or equivalent is required.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Mälardalen University and/or in Sweden, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

135000 SEK / year

≈ 135000 SEK / year
EU/EEA Applies to you

Applies to you

EU/EEA Nationals

Free

Living costs

Västerås

Sweden

7140 - 11420 SEK / month

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

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

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Scholarships Information

Below you will find Master's scholarship opportunities for Financial Engineering.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Employment and Future Prospects

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Tuition Fees

International Applies to you

EU/EEA Applies to you

Living costs

Västerås

Funding

Scholarships Information

Available Scholarships

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