Master
English
Law & Economics
Master of Science in Mathematical Finance
Master
About the Program
What is Mathematical Finance? The finance industry increasingly relies on complex mathematical models and highly sophisticated mathematical tools, e.g., for derivatives trading and risk management. Mathematical Finance provides their scientific foundation on a variety of levels and deals with a wide range of theoretical and practical issues. On a general theoretical level, students study topics such as the probabilistic structure of financial markets or the choice of a consistent way to measure risk. From a more application-oriented point of view, the concrete valuation of a financial product or the quantification of risk via numerical procedures are of interest. Methodologically, the mathematical focus is on probability, statistics, numerics, optimisation, and analysis. Master's programme Mathematical Finance The Master's programme in Mathematical Finance leads to an MSc within two years. Combining mathematics, financial engineering, economics, and statistics, it provides all the knowledge for a successful career in finance. The Master's programme is particularly aimed at graduates with a BSc in Mathematics. Applicants with a Bachelor's degree in Physics, Engineering, or Economics are also welcome if they have a solid background in university-level mathematics. Knowledge of German is not mandatory in order to successfully complete the programme and be awarded the MSc. Why should I study Mathematical Finance in Kiel? The Master's programme is embedded into a very active research environment in the departments of mathematics and economics. It is distinguished by tailor-made courses with a strong emphasis on the interplay between mathematical and economic methods for financial engineering. Relying on a dedicated teaching staff from the departments of mathematics and economics, students are offered a great variety of courses from the participating disciplines. They also benefit from the links to the more economics-oriented MSc programme in Quantitative Finance.
▶ Show the original English text
What is Mathematical Finance? The finance industry increasingly relies on complex mathematical models and highly sophisticated mathematical tools, e.g., for derivatives trading and risk management. Mathematical Finance provides their scientific foundation on a variety of levels and deals with a wide range of theoretical and practical issues. On a general theoretical level, students study topics such as the probabilistic structure of financial markets or the choice of a consistent way to measure risk. From a more application-oriented point of view, the concrete valuation of a financial product or the quantification of risk via numerical procedures are of interest. Methodologically, the mathematical focus is on probability, statistics, numerics, optimisation, and analysis. Master's programme Mathematical Finance The Master's programme in Mathematical Finance leads to an MSc within two years. Combining mathematics, financial engineering, economics, and statistics, it provides all the knowledge for a successful career in finance. The Master's programme is particularly aimed at graduates with a BSc in Mathematics. Applicants with a Bachelor's degree in Physics, Engineering, or Economics are also welcome if they have a solid background in university-level mathematics. Knowledge of German is not mandatory in order to successfully complete the programme and be awarded the MSc. Why should I study Mathematical Finance in Kiel? The Master's programme is embedded into a very active research environment in the departments of mathematics and economics. It is distinguished by tailor-made courses with a strong emphasis on the interplay between mathematical and economic methods for financial engineering. Relying on a dedicated teaching staff from the departments of mathematics and economics, students are offered a great variety of courses from the participating disciplines. They also benefit from the links to the more economics-oriented MSc programme in Quantitative Finance.
General Requirements
Specific requirements for this program are not in our database yet. The following are typical for this degree and language in Germany — always verify the exact requirements on the program's official page.
Academic qualification
A recognised Bachelor's degree in a related field; some programs require a minimum grade or specific prerequisites.
Language
English proficiency (typically IELTS ~6.5 or TOEFL iBT ~90). Basic German is helpful for daily life.
Typical documents
- Recognised diploma and transcript (certified translations)
- Language certificate
- Passport and passport photo
- Tabular CV (Lebenslauf)
- Letter of motivation (for many programs)
- Application via uni-assist / VPD (for most international applicants)
Which Professions Does This Program Open Up?
Related profession searches from Bundesagentur für Arbeit (BERUFENET) data:
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How do I apply to Master of Science in Mathematical Finance at Hochschule für Angewandte Wissenschaften Kiel?
Most international applicants apply via uni-assist (document verification + APS for some countries). Prepare your secondary/Bachelor diploma, transcripts, language certificate (DSH/TestDaF or IELTS/TOEFL), motivation letter and CV. Non-EU students also need a Sperrkonto (~11,904 EUR/year) for the visa.
- Check requirements — Verify your degree is recognised + meet language/grade thresholds.
- Get language certificate — TestDaF / DSH for German programmes, IELTS / TOEFL for English.
- Submit via uni-assist (non-EU) — Document review + APS if your country requires it (China, India, Pakistan, Vietnam, etc.).
- Apply directly or via uni portal — Some universities accept direct applications — check the official programme page.
- Open Sperrkonto + apply for visa — After admission, deposit 11,904 EUR, get health insurance, book embassy appointment.
Frequently Asked Questions
Quick answers about Master of Science in Mathematical Finance at Hochschule für Angewandte Wissenschaften Kiel
Is Master of Science in Mathematical Finance at Hochschule für Angewandte Wissenschaften Kiel taught in German or English? ▼
This Master programme is taught in English. Make sure to check the language requirements (e.g. TestDaF, DSH, IELTS or TOEFL) before applying.
How much does the Master of Science in Mathematical Finance programme cost? ▼
No tuition fee (only semester contribution). International students should also budget around 800–1000 EUR/month for living costs in Germany.
What are the admission requirements for Master of Science in Mathematical Finance at Hochschule für Angewandte Wissenschaften Kiel? ▼
Typical requirements include: a recognised secondary/undergraduate degree, proof of language proficiency (English), and (for non-EU applicants) a uni-assist application plus financial proof (Sperrkonto ~11.904 EUR/year).
When is the application deadline? ▼
Application deadlines vary: winter semester usually closes on 15 July, summer semester on 15 January. Always confirm the exact deadline on the official university website.
Can I work in Germany while studying Master of Science in Mathematical Finance? ▼
Yes. International students may work up to 140 full days / 280 half days per year without additional permission. After graduation you can apply for an 18-month job-seeker permit.
How do I apply to Hochschule für Angewandte Wissenschaften Kiel — directly or via uni-assist? ▼
Most German universities accept international applications through uni-assist for document verification. Some unis accept direct applications — check the programme page on the official site.