Continuing Education
Distance Learning Programme:
Financial Engineering

MASTER OF SCIENCE

 

 

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. 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.

The part-time degree programme qualifies you to find appropriate models and methods, to derive model variants, and to implement and evaluate these. Graduates can sustainably improve existing products.

Basic information

DEGREE
Master of Science (M.Sc.)


CREDIT POINTS
90


ACCREDITATION
RPTU

LANGUAGE
English*


STANDARD PERIOD OF STUDY
6 semesters (part-time)


START
winter semester (October)

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

WORKLOAD
Ø 14 hours/week


ON-CAMPUS PHASES
in total 4, usually Friday to Sunday


CAMPUS LOCATION
Kaiserslautern

Overview of the degree programme

1. Semester

 

 


Mathematical foundation and core concepts in discrete and continuous time with an emphasis on modelling financial markets and pricing of financial products
 


 

2. Semester

 

 


Fundamentals of interest rate theory and actuarial mathematics

3. Semester

 

 


Foundations of further highly relevant areas in practice

4. Semester

 

 


    
Portfolio optimisation both from a financial economics and from a financial mathematics point of view, numerical procedures for approximation and pricing



 

5. Semester

 

 



Implementing a larger project in a lab-type course and discussing current research or hot topics in practice in preparation of the Master‘s thesis

 

6. Semester

 

 



                                          Master’s thesis                                     

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

module handbook

A certificate as an alternative?

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).

Customised to your needs

LEARNING MATERIALS

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

VIRTUALLY CONNECTED

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.

ON-CAMPUS PHASES

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.

Access without a university degree


Application period for the aptitude test: November 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) 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.

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

Fees


TUITION FEE
currently EUR 1,990/semester


SOCIAL CONTRIBUTION
currently EUR 124/semester


MASTER'S THESIS FEE
currently EUR 720, one-time
 

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 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,

says

"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."

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