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Dieses Studienangebot ist englischsprachig, deshalb stehen die nachfolgenden Informationen
ausschließlich in englischer Sprache zur Verfügung.


Scientific director: Prof. Dr. Jörn Saß


Complex financial markets

In-depth knowledge of concepts and methods from financial mathematics and actuarial science, and the ability to apply these statistically and numerically, are becoming increasingly important in the financial and insurance sectors.

Target group

The English-language certificate programme aims at graduates from mathematics or graduates of other programmes whose initial degree had a significant mathematics component and who aim at a more in-depth understanding of financial mathematics in a focused 1-year programme.

Objective and degree

The distance learning programme provides the participants with the fundamentals of modern Financial Mathematics. In addition they can choose from several specializations in Financial and Actuarial Mathematics, Financial Economics and Computational Methods which also allow to understand current research in the corresponding areas.

Graduates are awarded a diploma from the RPTU Kaiserslautern-Landau and a certificate.

Programme concept

Programme content

The distance learning programme comprises 3 compulsory and 7 compulsory elective modules that 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 methods in finance.

Admission requirements

The application is open to people with a first degree of at least six semesters in a mathematics related discipline. In addition, evidence of a relevant professional experience of at least one year after the first degree must be provided.

  • Evidence of knowledge

Since the programme is taught in English, sufficient evidence of English language skills must be provided. In addition, evidence of sufficient knowledge from previous studies must be provided by means of an evaluation point system and successfully passed examinations for modules in the fields of analysis and stochastics. It is possible to provide evidence of this knowledge under certain conditions during the first year of study. 

You can find legally binding information in the examination regulations of the programme.

Schedule and organisation

The distance learning programme in Applied Financial Mathematics has a standard period of study of two semesters (part-time). Mandatory on-campus phases take place once per semester over a (long) weekend in Kaiserslautern. All written module examinations are completed during mandatory on-campus phases.
A weekly commitment of around 21-22 hours is required to study the material, complete the assignments (mail-in exercises), take the examinations, complete the online tutorials, hold presentations and complete a report (amongst others).

At a glance

At the moment, the tuition fees amount to EUR 1,990 per semester. In addition, there is a social contribution, which, starting in the summer semester of 2023, will amount to 112 euros per semester. The tuition fees do not include travel and accommodation expenses or meal allowances during the on-campus phases. Only the social contribution is charged in the first semester after the end of the standard period of study. Tuition fees are reduced to 30 percent of the original fee as of the second semester exceeding the standard period of study. The tuition fees are exempted from German VAT and may be tax-deductible if the legal requirements are fulfilled. An instalment payment request is possible, further information can be found here.

Subject to change.

The distance learning programme starts in the winter semester (October) of every year. Information on the application procedure and deadlines are provided here.

The legal and organisational framework of Applied Financial Mathematics is defined in the examination regulations.

The distance learning programme's scientific director is Prof. Dr. Jörn Saß (RPTU).

The distance learning programme Applied Financial Mathematics has undergone an internal quality assurance process within the RPTU in Kaiserslautern´s subsystem accreditation.

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 courses that may have to be taken subject to conditions.

Distance learning programmes are basically defined by the fact that students do not physically attend the institution of higher education, instead the institution of higher education comes to them. Both programme organisation and the didactically prepared learning materials are based on the concept of independent learning: the learners are supported in taking personal responsibility for their own learning process by a teaching-learning arrangement that consists of a combination of self-learning materials, on-campus phases and online-based interactions in the online campus. Each programme has an own virtual learning environment within the online campus that accompanies the students for the duration of their course. During the on-campus phases, the students have the opportunity to consolidate and substantiate the self-taught content in the context of practical classes and group work and to further discuss their acquired skills and knowledge in consideration of current issues.

The Certificate Programme is set up in English, therefore the primary language of coursework and examinations is also English. However, coursework (mail-in exercises, report) and examinations (presentations, written exams) may be submitted in German upon request.

We are here for you

Dr. Réka Vágvölgyi
Dr. Réka Vágvölgyi
Programme Management Financial Engineering
+49 631 205-5367
financialeng [at] disc [dot] uni-kl [dot] de
Programmmanagement Technoethik
+49 631 205-5367
technoethik [at] disc [dot] uni-kl [dot] de
Programme Management Applied Financial Mathematics
+49 631 205-5367
financialeng [at] disc [dot] uni-kl [dot] de
Susan Carter
Susan Carter
Secretary's Office Master (Blended Learning) of Evaluation (MABLE)
+49 631 205-5376
info [at] mable-evaluation [dot] com
Secretary's Office Financial Engineering
+49 631 205-5376
financialeng [at] disc [dot] uni-kl [dot] de
Secretary's Office Applied Financial Mathematics
+49 631 205-5376
financialeng [at] disc [dot] uni-kl [dot] de

All questions concerning application and examination procedures will be answered by the Subdivision Distance Student Affairs.


Please note that the programme information is not yet available.