Program Overview

Programme Content

The Master's Programme in Mathematical Finance is designed to provide students with a comprehensive understanding of the theoretical and practical aspects of mathematical finance. The programme is structured to cover a wide range of topics, including mathematics, economics, and finance.

Plan of Study

The programme consists of four semesters, with the first three semesters dedicated to attending courses and the fourth semester reserved for the master's thesis.

• 1st semester:
  • Theory of partial differential equations (4.5 ECTS credits)
  • Stochastical analysis (5 ECTS credits)
  • Financial reporting (5 ECTS credits)
  • Elective courses
• 2nd semester:
  • Time series analysis (9 ECTS credits)
  • Financial mathematics (9 ECTS credits)
  • Risk management (8 ECTS credits)
  • Bank management (6 ECTS credits)
• 3rd semester:
  • Numerics of stochastic differential equations (5 ECTS credits)
  • Portfolio management (6 ECTS credits)
  • Financial econometrics (8 ECTS credits)
  • Seminar (6 ECTS credits)
  • Elective courses
• 4th semester:
  • Master's thesis (20 ECTS credits)
  • Seminar (6 ECTS credits)
  • Elective courses

Mathematics Modules

The programme includes the following mathematics modules:

• Theory of partial differential equations
• Stochastical analysis
• Time series analysis
• Financial mathematics
• Numerics of stochastic differential equations

Economics Modules

The programme includes the following economics modules:

• Financial econometrics
• Bank management
• Financial reporting
• Portfolio management
• Risk management

Electives

Students must collect a total of 22.5 ECTS credits in elective courses. These can be master's courses in the Department of Economics, the Department of Mathematics and Statistics, or courses from the Department of Computer and Information Science, as listed in the course catalogue. The Standing Examination Committee can approve and announce other subjects.

Seminars

Students will complete two seminars, each worth 6 ECTS credits, offered by either the Department of Mathematics and Statistics or the Department of Economics.

Plans of Study, Module Guide, and Examination Regulations

The programme provides a module guide, examination regulations, and plans of study to help students navigate the course structure and requirements.

New Examination Regulations

From the winter term 2023/24 onwards, new examination regulations will come into effect. Students starting the MSc Mathematical Finance from the summer semester 2023 onwards will study under the new plan of study. Students already enrolled in the programme will have the option to switch to the new plan of study. It is essential for students to inform themselves about the valid regulations for their study period.