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What you can expect

The Master in Finance at Ulm University is a two-year program that blends finance and mathematics. It is quantitative yet practical. Not just according to rankings, Ulm is an excellent place for studying finance. The program, which is taught in English, includes courses from mathematics, statistics and stochastics, data analytics, finance and insurance.


Admission requirements

The next intake is winter semester 2023/2024.

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


How to apply...

If you submit your application until the end of February/middle of March, you can expect 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 Program

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.  

Aims of the Program


The Master in Finance program provides a unique interdisciplinary education in mathematical finance to students from around the world:

Graduates are able to use advanced mathematical methods in order to solve problems such as the modeling of complex financial processes and products.

...yet practical

Through the program, students will gain a sound understanding of cutting-edge techniques used by financial institutions, consultants, regulators and many others. Graduates of the program are familiar with topics such as

  • valuation and hedging of derivatives
  • portfolio and risk management
  • regulatory aspects
  • insurance
  • data science and machine learning
  • ... and many more

Learn more about the curriculum.

Professional Perspectives

Among employers, Ulm University has an excellent reputation for well-trained finance students. Many of our graduates work for global financial players (e.g. Bank of America or Allianz). And many of them have found a job in Germany even though they had no knowledge of German when they arrived. Employers of former MSc Finance students include:

  • Bank of America
  • Allianz
  • KPMG
  • Deutsche Bank
  • Goldman Sachs
  • Uni Credit
  • 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 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.

Ulm - the feel-good city

Studying and researching is well and good. But Albert Einstein's birthplace also has a lot to offer to keep you entertained in your spare time. Ulm is a great place to 'paint the town red'  and have a good time. There aren't many cities that offer such an abundance of cafés, pubs and restaurants. 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.

Buchstabenwürfel bilden das Wort Eckdaten

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: 16.10.2023

Language of instruction



no restriction

ECTS credit points


Standard period of study (semester)