Continuing Education
Distance Learning Programme:

Applied Financial Mathematics




Apply now until 15 August 2024!

Scientific Director: Prof. Dr. Jörn Saß, RPTU

Responsible department of RPTU: Mathematics

Find out more

The postgraduate distance learning programme provides you with the mathematical foundation and key concepts of modern financial mathematics. It allows you to specialise in different areas of financial mathematics and economics, actuarial mathematics, or statistical and numerical methods. Implementation is mandatory and ethical issues are also addressed. Students acquire skills relevant to the finance and insurance sector which can be linked to their studies and work experience.

The Certificate programme is intended for persons who are interested in an in-depth understanding of financial mathematics in a focused 1-year programme. The programme aims at mathematicians with professional experience who want to deepen their knowledge without obtaining a (further) Master‘s degree.

The part-time degree programme qualifies you to find appropriate model variants and to implement and evaluate these. In the area of their elective modules, graduates can improve existing products.

Basic information

University certificate


RPTU Kaiserslautern-Landau


2 semesters (part-time)

winter semester (October)

*Under certain circumstances, it is also possible to do coursework and write examinations in German.

Ø 19 hours/week

in total 2, usually Friday to Sunday


Overview of the degree programme

1. Semester


Mathematical theory and the core concepts of financial mathematics for modelling and pricing, individual specialisation by choosing one of the compulsory elective modules:
> Financial Statistics
> Risk Measures and Rating Systems
> Economics of Banking


2. Semester


Individual specialisation by choosing two of the compulsory elective modules, ending with a lab project:
> Interest Rate Models
> Computational Finance
> Insurance Mathematics
> Financial Decision Making

You can find detailed information on the programme content as well as the coursework and examinations in the

module handbook

A Master's degree as an alternative?

You like the content but you are looking for more and want to obtain an academic degree?
You can find detailed information on our Master‘s programme Financial Engineering here (standard period of study: 6 semesters).

Customised to your needs


We provide you with comprehensive, scientifically sound and practice-oriented self-study materials that have been developed by experts especially for distance learning.


Our online campus is your interactive learning platform. You will also be able to stay in touch with us and your fellow students at all times.


This is where you consolidate the knowledge you have acquired through self-study in theory and practice. All dates will be announced well in advance.

Your qualifications for the degree programme

Access with a university degree

Application period 2024: mid-May to 15 August

The application is open to persons with a first university degree of at least six semesters qualifying for a profession in any field and at least one year of relevant and qualified professional experience in the field of finance or insurance or in a mathematically oriented profession afterwards.

Admission to the distance learning programme is regulated through a special evaluation points system. The required prior knowledge of analysis and stochastics can also be acquired in additional in-house courses which may have to be taken to fulfil requirements. Until then, admission is subject to conditions.

For detailed and legally binding information on the admission requirements, please refer to the

examination regulations


currently EUR 1,990/semester

currently EUR 124/semester

Tuition fees
If you do not complete your studies within the standard period of study of 2 semesters, you have the option of extending your studies. In this case, the tuition fee is waived in the 3rd semester. From the 4th semester onwards, you pay a reduced tuition fee of 30%. You may apply to pay the tuition fees in instalments. The tuition fees are exempted from German VAT and may be tax-deductible if the legal requirements are fulfilled.

Study materials and on-campus phases
The study materials are included in the fees in digital and/or printed form. The fees do not include travel and accommodation expenses or meal allowances during the on-campus phases.

Subject to change

You can find detailed information on the tuition fees in the

tuition fee regulations

Prof. Dr. Jörn Saß,

the degree programme's scientific director,


"Advanced knowledge of the fundamental theory of financial mathematics, in discrete time as well as in continuous time, and the ability to put that expertise into practice, coupled with an understanding of key concepts in related areas as actuarial mathematics, is more important than ever to understand the increasingly complex financial market.

Competition for the best jobs in the finance and insurance industry is also set to intensify and acquiring that expertise significantly improves your chances of moving into this field or furthering your career in finance or insurance.

If you are looking to deepen your knowledge of financial mathematics and progress in your career without achieving a (further) Master’s degree, this degree programme might be just what you need."

Information material

Programme information

Do you have any further questions?

Please feel free to contact us!

Dr. Réka Vágvölgyi
Programme Management
+49 631 205-5367

Elke Bökenbrink
Administration Office
+49 631 205-5943

Links for further information