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What you can expect

The Master in Finance is a two-year programme that offers students the choice between three specializations: Actuarial Science, Financial Economics and Financial Mathematics. The programme, which is taught in English, is both quantitative and practical.  If you want to learn more about quantitative methods and how to apply them, the MSc Finance is the right choice for you.


Admission requirements

The next intake is winter semester 2024/2025.

Application is open from February, 1 to March, 15.


How to apply

Submit your application until the end of February/middle of March, to be informed about the admission decision by the middle of April/end of May. We recommend you to apply as soon as possible.

Character of the Programme

The programme is spread over four terms (two years), with three terms of course work and one term two write the master's thesis. After the first term, you can choose to specialize in actuarial science, financial economics or financial mathematics.

Each specialization offers an excellent education for your future career. 

Actuarial Science

If you are interested in studies with a focus on actuarial science and methods applied in the insurance industry,  the specialization Actuarial Science is the right choice for you.

It also provides you with the possibility to take the entrance examinations of the German Association of Actuaries (DAV) during your studies at Ulm University.

Financial Economics

The specialization Financial Economics focuses on understanding and predicting stock returns, on measuring credit and market risk, and it makes you familiar with financial institutions, markets and instruments.

Expand your curriculum with courses in econometrics, machine learning or data science as well as actuarial science. 

Financial Mathematics

Become an expert in financial mathematics and master the mathematical and stochastic concepts widely used in the financial industry. Learn to model financial processes and use your knowledge to evaluate complex financial products. 

The specialization Financial Mathematics is best suited for students with a strong interest in mathematics. 

Aims of the Programme


Through the programme, 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. 

Graduates with such quantitative skills are in great demand on the job market.

...yet practical

To develop your practical skills, lecture courses are accompanied by sessions that involve applications, working with data, and coding. In addition, there are specially designed courses with a practical focus. Depending on your specialization, the course program also prepares you for GARP’s Financial Risk Manager exam or the professional examination of the German Actuarial Society (DAV).

Professional Perspectives

Among employers, Ulm University has an excellent reputation for well-trained finance students. One proof of this is the annual career fair at Ulm University, in which around 50 companies participate, many of them from the financial services sector. It is an excellent opportunity to talk to companies about an internship or a job.

For some of the jobs offered in Germany, employers expect graduates to have a good knowledge of German. But many of our students have secured such jobs even though they had no knowledge of German at the time they arrived – they learned German through the language courses we offer. In addition, many of our graduates work for global financial companies (e.g. Allianz or Bank of America). Employers of former MSc Finance students include:

  • Bank of America
  • Allianz
  • KPMG
  • Deutsche Bank
  • Goldman Sachs
  • UniCredit
  • Bank of China
  • Ernst & Young
  • Talanx
  • DZ Bank
  • ... and many others


Why Ulm University?

Excellent ratings

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 among the top ten percent of universities world wide. And among all universities founded in the Golden Age of Higher Education, from 1945 to 1967, Ulm University is ranked 14 worldwide in another Times Higher Education ranking.

Ulm - the feel-good city

Studying and researching is all well and good. But Ulm, the birthplace of Albert Einstein, also has a lot to offer to keep you entertained in your spare time.
The city is beautiful and cozy, yet full of life. You can meet with your friends in one of the many cafes, pubs or parks. Events like the Ulmer Zelt (summer concert & comedy series), Nabada (carnival on the river) or the International Donaufest (food, craftworks & music) will get you on your feet and out and about in this medieval city with its quaint alleys and lush green parks.

Hear more from our students

„An investment in knowledge pays the best interest.“ Benjamin Franklin

Finance M.Sc.

Type of programme

Master of Science (MSc)

Type of study


Study curriculum

Information on the study curriculum


Information for applicants

Start of programme

next winter semester: 14.10.2024

Language of instruction



no restriction

ECTS credit points


Standard period of study (semester)


Around the campus

Geldscheine auf einem Tisch

Campus life 

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