Quantitative Finance

The Master's Program in Quantitative Finance at Kiel University is a comprehensive and rigorous program designed to equip students with the advanced mathematical, statistical, and computational skills necessary for a successful career in the financial industry. This program combines theoretical foundations with practical applications, enabling students to analyze complex financial markets, develop sophisticated investment strategies, and manage financial risks effectively. The curriculum covers a broad spectrum of topics including financial mathematics, numerical methods, econometrics, stochastic processes, financial engineering, and data analysis. Students will have the opportunity to learn from renowned faculty members who are experts in their respective fields and to engage in hands-on projects that simulate real-world financial scenarios. The program emphasizes quantitative problem-solving, programming proficiency, and analytical thinking, preparing graduates for roles in asset management, banking, risk assessment, and financial consulting. Moreover, students benefit from Kiel University's strong partnerships with financial institutions and industry leaders, providing valuable internship and networking opportunities. The program is suitable for individuals with a background in mathematics, economics, computer science, or related disciplines who aspire to deepen their understanding of financial theories and quantitative methods. Graduates of the Master's in Quantitative Finance are well-equipped to contribute to the evolving landscape of finance through innovative solutions and data-driven decision-making. The program offers a stimulating academic environment, state-of-the-art facilities, and a vibrant community dedicated to excellence in research and education. Students can expect to develop not only technical expertise but also critical thinking skills and ethical awareness necessary for responsible financial practice in a globalized economy. Overall, the Master's in Quantitative Finance at Kiel University prepares its graduates for challenging and rewarding careers by integrating advanced quantitative techniques with practical financial applications.

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