Master in Finance
Ulm, Germany
DURATION
4 Semesters
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
EUR 6,000 *
STUDY FORMAT
On-Campus
* Tuition fees are 1.500 EUR per semester, 6.000 EUR in total if you complete the programme within the planned two years.
Introduction
The Master in Finance is a two-year program that offers students the choice between three specializations: Actuarial Science, Financial Economics and Financial Mathematics.
Key advantages of studying finance at Ulm University:
- The program is both quantitative and practical. This makes you stand out from the crowd.
- To develop your practical skills, lecture courses are accompanied by sessions that involve applications, working with data, and coding. There are also specially designed courses with a practical focus.
- The program is very flexible. You can choose between three specializations, and among a wide range of courses.
- During your studies, you can gain experience in the industry through internships and part-time positions as a working student.
- Ulm University is highly ranked - among the top ten percent of universities world wide in the Times Higher Education (THE) ranking.
- Ulm is a beautiful city, lively but safe. Close to Germany's financial centers and easily reachable by public transport.
- Low fees thanks to government support. Tuition fees are EUR 1500 per semester, totaling EUR 6,000 if you complete the program within two years. Students from the EU do not pay tuition fees.
Which specialization is the right one for me?
- The specialization in Actuarial Science is the right choice for you if you are interested in studies with a focus on actuarial science and methods applied in the insurance industry. Ulm University is one of the world’s leading institutions in this field. You can also take the entrance examinations of the German Association of Actuaries (DAV) during your studies at Ulm University.
- The specialization in Financial Economics focuses on understanding and predicting stock returns, on measuring credit and market risk, and it makes you familiar with financial institutions and markets. The specialization provides a lot of flexibility. Instead of taking high-level mathematics courses, you can take econometrics or machine learning courses. You can also take courses in actuarial science.
- The specialization in Financial Mathematics is the right choice for students who have a strong interest in mathematics and want to become experts in the mathematical and stochastic concepts widely used in the financial industry. You will learn to model financial processes and to use your knowledge for evaluating complex financial products.
Ulm University is accredited by the Accreditation Council.
Online Information Session
We run regular webseminars for prospective students. You can find further information on the website mentioned below.
Gallery
Ideal Students
Who should apply?
- You do not need any prior knowledge in finance. The compulsory courses of the first semester are structured such that they can serve as an introduction to finance.
- You should have a genuine interest in quantitative modeling and analysis.
- You do not need to know yet in what area to specialize in. You can figure this out during the first year of your studies at Ulm University.
Admissions
Curriculum
The program is spread over four semesters (two years), with three semesters of course work and one semester to write the master‘s thesis. After the first semester, students can decide whether to specialize in Actuarial Science, Financial Economics or Financial Mathematics. Broadly, there are four types of courses:
Introductory courses: A small number of core courses that introduce you to the most important concepts (Asset Pricing, Derivatives, Discrete Time Financial Mathematics). Whether they are compulsory or not depends on the chosen specialization. These courses also help students without any finance background to get started.
Practical courses and seminars: In practical courses, you will gain experience in implementing modern financial techniques. In seminars, you will write and present papers and thereby prepare for the master’s thesis.
Elective courses: The curriculum offers a large number of elective courses from which you can choose. They range from courses that deepen your knowledge of concepts and methods to courses that focus on specific topics in a field. The majority of the electives will be in your chosen area of specialization.
Language or soft skill courses: Most students who come from abroad choose to take German language courses. German courses are offered for all language levels, starting from absolute beginners.
Rankings
In the Times Higher Education (THE) rankings, Ulm University is ranked among the top ten percent of universities worldwide, and it is ranked 14th in the world among all universities founded in the Golden Age of Higher Education, from 1945 to 1967.
Program Tuition Fee
Career Opportunities
Most of our graduates go on to work for global players in banking or insurance. Employers of MSc Finance graduates include:
- Bank of America,
- Allianz,
- KPMG,
- Deutsche Bank,
- Goldman Sachs,
- Uni Credit,
- Bank of China,
- and many more.
Other graduates work for central banks, regulators or smaller or regional firms such as smaller banks or smaller consultancies. Some of our graduates also go on to do PhDs. According to a recent survey, 100% of our graduates found a job within 6 months of graduation.