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 improved its ranking again and is now ranked 140 worldwide 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, 1 until April, 30

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 system Thomson Reuters, which is 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:
Christmas meeting 2020

As the year 2020 is coming to an end and holidays are around the corner, the Institute of Finance invited all Master in Finance students to celebrate Christmas. This year was a very special and tough year for many of us. The ongoing pandemic has led to far-reaching restrictions in public life. Universities and students had to adapt to those changes, which mainly meant distance learning for most of the year. Without the possibility for interactions in the lecture halls or the university hallways, online channels had to be used to stay in touch with our students. As part of our monthly online meetings, this year’s Christmas event featured Alumni talks, a Christmas quiz, games and lively conversations among the participants. Even so we could not meet in person, everybody enjoyed the time spent together. The Master in Finance team wishes everyone pleasant holidays and a good start into the new year. 


The MSc Finance students with Prof. Löffler and Niklas Paluszkiewicz during this year's Christmas event.