The Master in Finance program provides a unique interdisciplinary education in mathematical finance to students from around the world. The program, which is taught in English, includes courses from financial mathematics, applied mathematics, and finance and insurance. These areas are central to research and teaching of our faculty. Ulm is an excellent place for studying finance: In a research ranking published in the German Economic Review Ulm's finance group came out second among all universities in Germany, Austria and Switzerland.

Through the program, students will gain a sound understanding of cutting-edge techniques used by financial institutions, consultants, regulators and many other economic institutions. Topics of the program include valuation and hedging of derivatives, portfolio and risk management, regulatory aspects, and insurance. Graduates with a sound training in these areas are sought after on the job market even in the current financial crisis (after all, one reason that the crisis came about was that too few people understood complex financial products).

The program is spread over four semesters (two years), with three semesters of course work and one semester to write the master thesis. Besides the courses from the three areas described above, students are also requested to attend language or cultural courses. A study plan is availabe here.

After the first term, students can decide whether to specialize in financial mathematics or in financial economics. Depending on the chosen specialization, the focus of the optional courses to be taken in the second and third term will be on mathematical finance or finance, respectively.