Do you enjoy mathematics and want to pursue a career in the financial sector? This specialisation in Financial Mathematics, within the Master's Programme in Mathematics, offers a mix of statistical and mathematical tools that will make you well prepared for professional life. Since all the teachers at the programme are active researchers, you will have the opportunity to immerse yourself in the theoretical aspects of financial mathematics.
Why this programme?
In this specialisation, you will begin your studies with courses in economics and financial derivatives. Then you will study courses in which you will deepen your knowledge in statistics and mathematical analysis with applications in finance. The programme includes training in performing extensive calculations and computer simulations of financial phenomena. This combination between mathematics, finance and simulations will give you good prospects for a successful career in the financial sector.
If you are interested in the mathematical aspects of finance, you will have the option to choose a more theoretical path. This focus will prepare you for further doctoral studies if you want to invest in a career in research. The programme provides a great freedom of choice, as you will be able to select courses that suit your interests, whether it is mathematical theory or financial applications.
During the programme you can expect to:
deepen your knowledge in statistics and mathematical analysis with applications in finance
immerse yourself in the theoretical aspects of financial mathematics
prepare for a career in finance
Student profile You have a strong foundation and a deep interest in mathematics and statistics, and want to learn how to use them to solve problems in finance. You are extremely motivated and prepared to invest a great amount of time and energy in your studies. English is no problem for you and you understand that studying mathematics at Uppsala University will take a lot of hard work and analytical thinking. You want an educational experience that challenges you.
The programme leads to a Master of Science (120 credits) with Financial Mathematics as the main field of study. After one year of study it may also be possible to obtain a Master of Science (60 credits).
In the first semesters of the programme, you will be able to choose among courses in computational finance, mathematics, financial derivatives and statistics. The final semester consists of a degree project.
Faculty and research The mathematical research in Uppsala has traditionally been dominated by analysis. You may have heard of Lennart Carleson who was awarded the Abel Prize or Arne Beurling who cracked the coding machine Geheimfernschreiber during World War II. They were both very prominent in harmonic analysis. Another strong area of research in Uppsala at the time was differential geometry.
During the 1990's an internationalisation took place and our research has grown since, both in terms of the number of researchers and research areas. Financial mathematics came to Uppsala right after the internationalisation process began, and today we have both education and research in financial mathematics.
Career outcomes If you want pursue a career in finance, this specialisation is the right way to go. Many of our alumni work as different types of analysts, mainly in the banking sector. Another title that is becoming more common among our former students is data scientist. Although most graduates in financial mathematics work outside academia, several of our alumni have continued to graduate studies, both in Sweden and abroad.
Our alumni work at companies such as: Combient, Swedbank, First Derivatives, Accenture, Qliro, Max Matthiessen, Hoist Finance and many more.
Career support The Department of Mathematics arranges a career day for mathematicians once a year. There, math students meet professional mathematicians who tell about their career paths. The department is also helpful with other types of contacts with the professional life. Learn more about career support for mathematics students.
When you are about to finish your studies and want to start planning for your next step in life, you are welcome to UU Careers for support and guidance. You are also welcome to a variety of career activities and events all through your stay at Uppsala University. Learn more about UU career support.
Requirements: Academic requirements A Bachelor's degree, equivalent to a Swedish Kandidatexamen, from an internationally recognised university. Also required is 90 credits in mathematics with 20 credits in probability theory, programming and numerical analysis.
Language requirements All applicants need to verify English language proficiency that corresponds to English studies at upper secondary (high school) level in Sweden ("English 6"). This can be done in a number of ways, including through an internationally recognised test such as TOEFL or IELTS, or through previous upper secondary (high school) or university studies. The minimum test scores are:
IELTS: an overall mark of 6.5 and no section below 5.5
TOEFL: Paper-based: Score of 4.5 (scale 1–6) in written test and a total score of 575. Internet-based: Score of 20 (scale 0–30) in written test and a total score of 90
a total appraisal of quantity and quality of previous university studies; and
a statement of purpose (1 page).
If you are not a citizen of a European Union (EU) or European Economic Area (EEA) country, or Switzerland, you are required to pay application and tuition fees. Fees cover application and tuition only and do not cover accommodation, academic literature or the general cost of living. Read more about fees.