Overview

Objective and Target Group

In-depth knowledge of and expertise in modern financial mathematics and actuarial science, and the ability to apply these statistically and numerically, are becoming increasingly important in the financial and insurance sectors. The distance learning programme is aimed at graduates of mathematics or other subjects with significant proportions of mathematics who wish to acquire a detailed understanding of financial mathematics.

For those who are not interested in obtaining another academic degree at the moment, we offer our certificate programme "Applied Financial Mathematics" (standard period of study: 2 semesters).

Teaching-Learning-Format

The teaching-learning-format consists of comprehensive, scientifically sound and practice-oriented self-study materials that have been developed by experts especially for distance learning, an online campus as an interactive learning platform and on-campus phases to consolidate the knowledge that is acquired through self-study in theory and practice. Mandatory on-campus phases take place once per semester over a (long) weekend in Kaiserslautern.

Accreditation

The distance learning programme “Financial Engineering” is accredited to award the academic degree Master of Science (M.Sc.). The English-language Master's programme has a standard period of study of six semesters (part-time).

Programme Structure

The modules focus on, for example:

Financial mathematics,
Interest rate models,

Insurance mathematics,
Financial statistics,

Risk measures and rating systems,

Economics of banking,
Financial decision making,

Computational finance.

Key information

Duration

Part-time
- 36 months
- 14 hrs/week

Start dates & application deadlines

Starting 2026-10-01 00:00:00
- Apply before 2026-08-15 00:00:00

Language

English

Credits

90 ECTS

Delivered

Blended

Campus Location

Kaiserslautern, Germany

Disciplines

Finance Financial Mathematics Financial Management View 12 other Masters in Financial Management in Germany

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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

We are not aware of any English requirements for this programme.

Other requirements

General requirements

The distance learning programme starts in the winter semester (October) of every year. The application phase usually opens in mid-May of the respective year. For information on the admission requirements and the application process please visit our website.

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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

4600 EUR / year

≈ 4600 EUR / year
EU/EEA Applies to you

Applies to you

EU/EEA Nationals

4600 EUR / year

≈ 4600 EUR / year

Additional Details

In addition to the tuition fee, a social contribution is due each semester plus a one-time fee for the Master's thesis of EUR 720.

Living costs

Kaiserslautern

Germany

630 - 1000 EUR / 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.

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