Financial Mathematics - Master's Programme in Mathematics

Academic year 2022/2023

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Application

Do you enjoy mathematics and want to pursue a career in the financial sector? The Master's Programme in Mathematics, specialising in Financial 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 the Master's Programme in Mathematics, specialising in Financial Mathematics, 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 and career plan, 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.

Related programmes
Statistics
Computational Science

Degree

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).

All specialisations of this programme

Programme

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.

Courses within the programme

See the outline for courses within the specialisation

Learning experience

Instruction is conducted mainly in the form of lectures, tutorials and seminars, and the language is English. The programme takes place in Uppsala.

The tutors belong to the various research groups at the Department of Mathematics. These groups are very active and hold regular seminars where Master's students are welcome to attend.

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

If you want to 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 PhD studies, both in Sweden and abroad.

Our alumni work at companies such as: Combient, Swedbank, Qliro, Max Matthiessen, Zettle (PayPal), Nordea 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.

During your time as a student, UU Careers offers support and guidance. You have the opportunity to take part in a variety of activities and events that will prepare you for your future career. Learn more about UU Careers.

Admissions

Below you will find the details about eligibility requirements, selection criteria, and tuition fees. For information on how to apply and what documents you need to submit, check the application guide. For this programme, besides the general supporting documents, you also need to submit one programme-specific document: a statement of purpose.

Financial Mathematics

120 credits

Autumn 2022, 100%, Campus

Location: Uppsala

Application deadline: 17 January 2022

Application code: UU-M1423 Application

Language of instruction: English

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
Proficiency in English equivalent to the Swedish upper secondary course English 6. This requirement can be met either by achieving the required score on an internationally recognised test, or by previous upper secondary or university studies in some countries. Detailed instructions on how to provide evidence of your English proficiency are available at universityadmissions.se.

Selection: Students are selected based on:

  • an overall appraisal of previous university studies; and
  • a statement of purpose (1 page).

Fees:

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.

Application fee: SEK 900

Tuition fee, first semester: SEK 72,500

Tuition fee, total: SEK 290,000

Contact and further resources

Contact

For programme-specific information, please contact:

masters@math.uu.se

For admissions-related or general information, please contact our applicant support team:

masterprogrammes@uu.se

Department of Mathematics

Lägerhyddsvägen 1, Uppsala

P.O. Box 480, SE-751 06 Uppsala, Sweden

Programme start and registration

Regarding study Visa requirements
It usually takes about 4 months to get your student Visa issued so please apply for your Visa at the Swedish embassy or consulate as early as possible.
For more information: Swedish Migration Agency

Regarding student housing
We will contact you as soon as we get information about student housing.

Introductory meeting
All admitted and conditionally admitted students are welcome to the introductory meeting preliminary scheduled on 22 August, 2022, Ångström Laboratory. At this meeting, you will receive relevant information about your studies.

It will also be possible to attend the introductory meeting via Zoom. A link will be provided closer to the date.

Registration, admitted students
You can register for one of the first courses of the programme in Ladok when the registration period opens on 15 August 2022. Registering for the course will automatically register you to the programme.

In order to register for the remaining courses, please send an e-mail to the study counsellor. Write your full name and personal number (or T-number).
 
You can contact Study counsellor or Programme Coordinator even before that date if you have any questions.

It is possible to choose other courses than the ones in the programme outline, as long as they are relevant to the programme and as long as they can be included in a Master's degree in mathematics or financial mathematics. More about the Master's degree requirements can be found in the programme syllabus.

Please look at the courses and send an e-mail to the study counsellor when you have decided which courses you want to register for.
List of courses within the financial mathematics specialisation
List of courses within the mathematics specialisation
List of courses within the applied mathematics and statistics specialisation
List of all courses in mathematics, mathematical statistics, financial mathematics and computer science taught in English in the Autumn semester of 2022

Information regarding different options will also be provided during the introductory meeting preliminary scheduled on 22 August.

Registration, conditionally admitted students
If you are conditionally admitted, please bring your Bachelor's diploma or a certified copy to the introductory meeting. This is because you have to show that you fulfill the requirements before you can register to the programme.

Schedule
All schedules are available at TimeEdit.

Contact
Study counsellor Kibret Sigstam: masters@math.uu.se
Programme coordinator Julian Külshammer: julian.kuelshammer@math.uu.se
 
More information about your studies:
For more details regarding the department educations visit this link: Student information Department of Mathematics

Last modified: 2022-05-13