Quantitative Finance

The MSc in Quantitative Finance enables you to deepen your understanding of financial markets. It provides a sound platform for a career in the finance sector. Courses cover the theory of financial markets, pricing in derivatives markets, corporate finance and the treatment of risk and uncertainty. To prepare you for a wide range of careers, we offer courses in the application of numerical methods as well as a structural introduction to the theory of practice of empirical work in finance.
The programme consists of courses offered by the Departments of Economics, Business Administration, Statistics and Econometrics, and Mathematics. The aim of the programme is to provide graduates with a sound and comprehensive foundation in both quantitative finance and the theory of financial economics.
We offer students access to recent research in specialised seminars. Students also choose additional elective courses from other areas of economics to broaden the scope of their education.

Educational organisation

The regular length of study for the programme is four semesters. Core courses are comprised of lectures from the fields of financial economics, mathematical finance and financial econometrics, and a compulsory elective course. In addition to a Master's thesis, students have to write a seminar paper.

Forms of assessment

Written exam, oral exam, paper, Master's thesis

Course objectives

As a graduate, you will be well prepared for senior research and other positions in the banking or consulting industry or at supra-national organisations.

Language requirements

Proof of English language skills by either C1/CEFR, TOEFL (paper-based, at least 550), IELTS (at least 6.5) or an equivalent test or Bachelor's degree in a programme in which the language of instruction was English

Academic requirements

Applicants are expected to hold a Bachelor's degree or a comparable university degree (minimum grade 2.5) with a regular duration of university education of three years or more, and 180 ECTS credit points or more.
At least 35 of 180 total credit points in the Bachelor's degree must have been attained in courses on principles of economics (i.e., courses on microeconomic theory and courses on macroeconomic theory) with no overlapping in substance, and in courses on quantitative methods with no overlapping in substance.
At least 20 of 180 total credit points in the Bachelor's degree must be composed of credit points in courses on quantitative methods, i.e., courses on analysis, algebra, statistics and econometrics.
Applicants with a minimum overall grade of 3.0 may also be eligible to participate in the Master's programme in Quantitative Finance if the weighted average grade (weighted with the credit points) in courses on quantitative methods is at least 2.5.
The programme also welcomes applications from students in fields such as mathematics, physics or computer science who have a proven interest in financial topics.

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Want to improve your English level for admission?

Prepare for the program requirements with English Online by the British Council.

• ✔️ Flexible study schedule
• ✔️ Experienced teachers
• ✔️ Certificate upon completion

📘 Recommended for students with an IELTS level of 6.0 or below.

Enroll in the course

Enrolment fees

An enrolment fee ("Einschreibegebühr") currently amounting to 55 EUR is charged for the first enrolment at Kiel University.
A semester contribution ("Semesterbeitrag") currently amounting to approx. 120 EUR must be paid each semester. This covers free public transport ("Semesterticket"), reduced lunch prices, and other financial benefits for students.
For the latest information, see: www.studium.uni-kiel.de/de/studium-organisieren/studienangelegenheiten/rueckmeldung

Costs of living

Monthly expenses in Kiel (e.g., for housing, food) range between 700-800 EUR, depending on individual needs.

Arrival support

The International Center at Kiel University offers a wide range of services and will support international students with any questions related to a successful arrival in Kiel.
See: http://www.international.uni-kiel.de/en

Services and support for international students

The International Center at Kiel University offers a wide range of services.
See: http://www.international.uni-kiel.de/en

Accommodation

Accommodation in Kiel is available through the office for student affairs ("Studentenwerk Schleswig-Holstein") or on the private market. Looking for a place to stay in a foreign country is not always easy. The office for student affairs supports students seeking accommodation at reasonable prices and is continually improving the quality and standard of the residence halls.
In general, the chances of obtaining a room in a residence hall can be improved by submitting an application form before 15 June. The rent depends on the location and standard of the particular residence.
Please note that due to high demands for accommodation in Kiel, the office for student affairs can currently only assign rooms in residence halls to first-semester students (Bachelor's/Master's students). PhD students cannot be assigned rooms.

For information and to contact us, see: http://www.studentenwerk.sh