Master in Finance

Welcome to the web pages of the Master in Finance! We offer a two-year program that blends finance and mathematics. It is quantitative but practical. It covers classic concepts and topics but also current ones such as machine learning or climate risk.

Ulm is a great place to live and to study.  According to a ranking by Times Higher Education, which is based on research and teaching excellence, Ulm university is ranked 14 worldwide among all universities founded in the Golden Age of Higher Education, an era between 1945 and 1967 that is characterized by rapid university expansion. In a broader perspective, Ulm University is placed in the top ten percent worldwide and is now ranked 146 among all universities regardless of their age, according to another analysis by Times Higher Education.

Start: winter semester
Duration: 4 semesters
Degree: Master of Science
Language of Instruction: English
Application: online application from January, 15 until March, 15

Learn more about the application process and the admission requirements.

A brief summary of the program can be found in our Flyer.

Character of the Program

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 mathematics, applied mathematics, financial economics and insurance.

Special attention will be given to foundations from various branches of applied mathematics, which are necessary for modeling complex financial processes and products and for setting up predictive models.  Example applications are portfolio optimization, the pricing of derivatives and insurance products, measurement of risk  as well as the prediction of stock returns, bankruptcies and other variables that are key to financial decision making. Many of the offered courses focus on such applications, and current issues such as climate risk will be covered. Students will also gain familiarity with the information systems Refinitiv Datastream and Refinitiv Eikon, which are available in the faculty’s trading room.  

Learn more about the curriculum.

Professional Perspectives

Through the program, students will gain a sound understanding of cutting-edge techniques used by financial institutions, consultants, regulators as well as fintechs, i.e., companies that offer new products based on modern technology. Topics of the program include valuation of derivatives, portfolio and risk management, insurance and data analytics. Graduates with a sound training in these areas are sought after on the job market. The program is also an excellent preparation for doctoral studies leading to a PhD.

Hear more from our students.

Latest news:
Graduation Ceremony

On Friday, April 29, Ulm University awarded prizes to the best students in the fields of economics, mathematics and finance. Since the event had to be cancelled last year, the classes of 2020 and 2021 were honored on this occasion. Sebastian Jost (2020) and Tak Wa Ng (2021) received the Sparkasse Award for the best Master in Finance graduates.

Read more news...