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Master's Programme in Financial Engineering

Education level CreditsSecond cycle 120 credits

Time2 years full time

Study locationVästerås

The Master's programme in Financial Engineering provides you with advanced qualifications in mathematics and finance, covering a wide range of topics from the management of financial portfolios to risk analysis in financial markets. As a graduate you will be in demand for senior positions in the international world of finance.

Pick location

Pick semester

Credits

120 credits

Education level

Second cycle

Study pace

full time

Study location

Västerås

Start

2025-09-01

Length

2 years

Teaching form

Normal teaching

Tutoring language

English

Application code

MDU-41950

Selection

Guaranteed Place

Specific requirements

A completed Bachelor's degree from an institution of higher education of three years or more, equivalent to 180 credits, of which at least 60 credits in Mathematics including probability theory and statistics. A TOEFL test result, with a minimum score of 575 with a TWE score of at least 4.5 (PBT) or 90 with a TWE score of at least 20 (iBT) or an IELTS test result with an overall band score of at least 6.5 and no band score below 5.5 or equivalent is required.

Open programme schedule 24/25

View syllabus (ZMS20)

Masterexamen

For students outside EU/EEAPer installment prior to each semester: 67500 SEKAnnual tuition fee: 135000 SEKTotal programme fee: 270000 SEK

Apply autumn semester 2025, Västerås

Apply on universityadmissions.se

The programme

Financial Engineering is a carefully designed Master's programme, belonging to the popular educational area of financial engineering. Focusing on both theoretical and quantitative computer-based methods of financial analysis, the programme provides an advanced basis in mathematics, oriented towards financial real-life problems.

Program content concentrates on financial mathematics, financial engineering, financial and risk management software, actuarial mathematics, applied statistics, stochastic processes and simulation. To prepare you for a senior position in finance, advanced financial software and programming languages are systematically used in the teaching process. You also have the opportunity to be involved in research activities.

Your teachers are professionals in the financial sector or researchers at the university. This means that you will benefit from the latest research in the field while having close contact with the financial sector.

This Master's programme is internationally oriented and is taught entirely in English.

Employment and Future Prospects

As a graduate you will have very competitive advanced qualifications for obtaining senior positions in a bank, on the stock exchange, in an investment company, insurance or financial software company, in government or a financial institution.

Alumni from the programme can be found in senior positions all over the world.

You will also have the opportunity to continue your education at the Ph.D. level at Mälardalen University or at another high-quality educational institution or university anywhere around the globe.

Application and admission

Read more about how and when to apply for the programme.

Application and admission

Programme structure and content

Here you can see how the program’s content is divided into different subjects and which courses you will take each year of the program. If you study full-time, you will take 30 credits (hp) per semester. Some courses within a program may be mandatory, while others may be elective.

This is a preliminary content of the program. Courses and subjects may be subject to change.