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The postgraduate distance learning programme provides you with the mathematical foundation and key concepts of modern financial mathematics. The main areas of financial mathematics are covered, background knowledge in economics, actuarial mathematics and in computational methods will be acquired. Implementation, current research issues and ethical aspects are addressed. Students acquire skills relevant for the finance and insurance sector which can be linked to their studies and work experience.
The Master‘s programme is intended for persons who are interested in acquiring a deep understanding of financial mathematics and are seeking a career in the areas of finance or insurance, in practice or research. The programme aims at graduates of mathematics or of programmes with relevant mathematical modules.
1 Students whose degree entitling them to admission to the post-graduate distance study programme comprises less than 210 CP will also obtain 300 CP when acquiring their master‘s degree through crediting their professional experience. Details are to be taken from § 2b in the examination regulations.
You like the content but are not interested in obtaining another academic degree at the moment?
You can find detailed information on our certificate programme Applied Financial Mathematics here (standard period of study: 2 semesters).
Application period:
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.
Application period for the aptitude test:
mid-November of the previous year to 31 January
Interested persons without a first university degree qualifying for a profession, but with a university entrance qualification (e.g. Allgemeine Hochschulreife or Meisterprüfung)3 as well as relevant and qualified professional experience of at least three years, have the opportunity to qualify for the degree programme by passing an aptitude test.
In addition, evidence of at least one year of relevant and qualified professional experience in the field of finance or insurance or in a mathematically oriented profession must be provided.
3 The university entrance qualifications mentioned are only examples. Further university entrance qualifications can be found in art. 35 para. 2 in conjunction with art. 65 para. 1 and 2 of the Rhineland-Palatinate Higher Education Act [Hochschulgesetz, HochSchG].
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.
Tuition fees and Master's thesis fee
If you do not complete your studies within the standard period of study of 6 semesters, you have the option of extending your studies. In this case, the tuition fee is waived in the 7th semester. From the 8th semester onwards, you pay a reduced tuition fee of 30%; this does not apply to the Master's thesis fee. You may apply to pay the tuition fees in instalments. The 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. The fees do not include travel and accommodation expenses or meal allowances during the on-campus phases.
"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 gain a deep understanding of financial mathematics and progress in your career by achieving a (further) Master’s degree, this degree programme might be just what you need."
Benjamin Nitzpon, M.Sc.
Programme Management
+49 631 205-4468
Elke Bökenbrink
Administration Office
+49 631 205-5943
