MSc in Financial Mathematics

The Master in Financial Mathematics is a post-employment master's program, lasting two years and taught in Portuguese, which seeks to provide specialized training in the application of the theory of stochastic and differential calculus to concrete problems in the financial markets. This Master is taught in partnership with the Faculty of Sciences of the University of Lisbon.

4 Reasons to Choose the Master in Financial Mathematics at ISCTE Business School

1. Acquire knowledge in an area of high demand and expertise

• Financial theory has become increasingly quantitative. At the same time, financial institutions (banks, insurance companies, investment funds, pension funds, brokers and other institutions) have demonstrated a growing demand for human resources with a strong quantitative appetite and sound training in the financial area to perform functions in the areas of financial risk management, financial innovation and evaluation of financial instruments.

2. Challenge yourself, participating in a unique program in Portugal, of high rigor and demand

• The Master in Financial Mathematics is taught in partnership by two faculties of recognized reputation in their teaching areas (FCUL and ISCTE Business School);
• This program is supported by the Center for Mathematics and Fundamental Applications (CMAF) of the University of Lisbon;
• It has a longer teaching load (4 quarters) than usual and a high level of demand;
• The academic path of students is differentiated in the 1st quarter according to their area of origin (Mathematics or Economics);
• This master's study plan is carefully structured in order to fulfill the training needs necessary for high level professional performance in this area of specialization, namely in the evaluation of complex financial instruments, such as financial derivatives, and in the modeling and quantification of relevant financial risks for the banking and insurance sectors.

3. Benefit from a highly qualified faculty

• Extensive experience of the teaching staff in teaching and research in the core areas of the Master, with scientific production and relevant professional experience in the area of Financial Mathematics, including scientific publications in the most prestigious academic journals in the area, such as Mathematical Finance, Quantitative Finance, Review of Derivatives Research, Journal of Futures Markets, Journal of Financial and Quantitative Analysis or the Journal of Derivatives;

4. Get excited about new career prospects

• Our Careers Service will support your insertion in the job market through advice, access to opportunities and events to contact companies;
• This master's degree has been running continuously since 2005, having already created a large alumni whose contact is preserved through periodic seminars;
• Most common professional sectors: banking and insurance companies, investment fund management companies, pension fund management companies and brokerage companies;
• It is an area with a high degree of insertion in the national and international labor market.

Curricular Units

Examples of course units:

• Investments
• Measure Theory
• Fundamentals of Economics
• Real Analysis Topics
• Derivatives and Risk Management
• Risk Theory
• Financial Markets
• Optimization
• Programming
• Stochastic Calculus in Finance I
• Partial Derivative Equations
• Stochastic Calculus Finance II
• Exotic Options
• Market Risk
• Credit risk
• Numerical methods
• Models of Time Structure of Interest Rates
• Econometrics of Financial Markets

Application

Admission to the Master in Financial Mathematics is mainly aimed at graduates in the areas of Mathematics, Physics or Engineering who wish to pursue a professional or research career in the area of quantitative finance. Applications from graduates in the areas of Finance, Economics or Management will also be considered as long as the candidate's curriculum assessment shows a strong appetite for mathematics.

Even though the master's teaching language is Portuguese, classes are taught in English whenever there are foreign students or teachers.

Applications are submitted exclusively online, through the ISCTE website. Candidates will be required to provide a variety of information that must be manually entered into the online form, such as Personal Data, Literacy Qualifications and Professional Experience. You will also need to upload some Documents on the online Application Form:

• Degree Completion Certificate, issued by the University or Higher Education Institute
• Identification document
• Photograph in jpg, jpeg, png format
• English language proficiency (optional)
• GMAT / GRE test results (optional)

Would you like more information?

• Contact your Program Manager !

Paulo Pires
masters.ibs @ ISCTE -iul.pt
Tel .: (+351) 210 464 115

• Consult the detailed information about the master's study plan, faculty, testimonies of alumni and registration process on our website !