Master's in Finance
Ulm University
Program Overview
The Master's in Finance programme at Ulm University is both quantitative and practical. It offers students the choice between three specialisations: Actuarial Science, Financial Economics and Financial Mathematics. The specialisation 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 specialisation 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 specialisation 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 specialisation 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.
EURFinancials
Financials
INFOIntakes and Duration
Intakes and Duration
Intake Season
Winter (October)
Duration
4 semesters
COCareer Outcomes
Career Outcomes
You can always explore various career paths after completing this program. The listed options are some of the most popular among graduates.
EURSalary Outlook
Salary Outlook
Typical range
€60,000 – €100,000 per year
Fresher, mid-level, and experienced ranges are linked to external sources so they stay auditable for applicants.
LANGLanguage & Exams
Language & Exams
Teaching Language
English
A good knowledge of the English language is required. This can be documented through a TOEFL score of at least 72 for the Internet-based test; instead of the TOEFL, you can also present an IELTS with a score of 5.5 or better. No test certificate is required from applicants who have completed a Bachelor's degree programme taught in English or who are native speakers.
REQRequirements
Requirements
Academic Admission
Applicants for this programme must have completed a Bachelor's degree (or an equivalent thereof) in mathematics or in another quantitative and mathematically-oriented discipline from a recognised university. Applicants with a degree in physics, engineering or computer science are usually eligible. A degree in economics can be sufficient, provided that you have successfully taken a significant number of courses in mathematics and statistics. A degree in business, commerce or accounting is usually not sufficient for admission because typical programmes in these fields do not contain the amount of training in mathematics and statistics that is required for the MSc Finance. The courses in financial mathematics and mathematics are on the level of mathematics programmes. Applicants should thus have a genuine interest in mathematics. If you are in doubt as to whether you meet the requirements, you can send us an e-mail with your transcript of records for a preliminary check.
APS Certificate
An APS certificate is required for applicants who have completed their qualifying education in India, China, or Vietnam.
IELTS Score
IELTS 5.5 overall
Application Deadline
Application deadlines are subject to changes. Please refer to the above university course link for the most accurate information.
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