Master of Science in Mathematical Finance
Christian-Albrechts-University zu Kiel · Kiel, Europe
Duration
24 mo
Tuition
No tuition fee
sourcedIntake
Winter semester
English
—
Winter semester intake. Most universities admit on a rolling basis — we confirm the exact application deadline for your profile, free.
Course details verified 10 Sep 2026 — intakes, entry requirements and course facts · official source
Fee sourced Taken from the university's published fees page, not re-checked since — confirm it before you budget. See the university fees page.
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 research environment in the departments of mathematics and economics. It is distinguished by tailor-made courses with a strong emphasis on the interplay between mathematical and economic methods for financial engineering. Relying on a dedicated teaching staff from the departments of mathematics and economics, students are offered a great variety of courses from the participating disciplines. They also benefit from the links to the more economics-oriented MSc programme in Quantitative Finance. www.math.uni-kiel.de/mathfinance
Intakes & deadlines
Winter semester
Dates confirmed for your profile · Open
Entry requirements
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English
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
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Prerequisites
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)
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Documents
SOP, LOR & Resume — generate them free in 2 minutes.
This is an indicative early-career range for the whole Business & Management field in Europe, from official graduate-outcome data — not a figure for this programme or university, and not a guarantee of what you will earn. What you actually earn depends on the role, employer, city and your visa.
Source: Profiling Institut - Gehaltsranking nach Studienfach 2026 (StepStone Gehaltsreport 2026), 2026. Market job-board data — less official than a government survey; treat as indicative.
Rupee figure converted at the 18 Aug 2026 mid-market rate; your bank's rate will be worse and currencies move, so use it for planning, not as the amount you will receive.
Fees & scholarships
No tuition fee tuition (sourced). We confirm the exact costs and the scholarships you qualify for at Christian-Albrechts-University zu Kiel — free, for your profile.
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Master of Science in Mathematical Finance — FAQs
5 questions
Tuition is No tuition fee. Taken from the university's published fees page, not re-checked since — confirm it before you budget. We confirm the current fee and the scholarships you qualify for — free.
The main intake is Winter semester. Most universities admit on a rolling basis — we confirm the exact deadline for your profile, free.
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: 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.
The programme runs about 24 months full-time.
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