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ISEG - Lisbon School of Economics and Management, Universidade de Lisboa - Master in Mathematical Finance

Portugal - Western Europe

Financial Markets

ISEG - Lisbon School of Economics and Management, Universidade de Lisboa Master in Mathematical Finance

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Program overview

The Masters Programme aims to develop students' mathematical and computational skills, combined with financial modelling. In studying for our Masters, students are confronted with the most important technical and quantitative topics of finance, both theoretical and applied, ranging from the mathematical background to the latest trends in the financial sector.

You can find complete program information and download brochure here: https://www.iseg.ulisboa.pt/aquila/cursos/mf?locale=en

Curriculum (courses, subject modules)

1st Year

Financial Econometrics

Financial Markets and Investments / Financial Markets and Instruments

Foundations of Financial Theory

Mathematical Methods in Finance

Numerical Methods in Finance

Probability Theory and Stochastic Processes

Programming Techniques

Stochastic Calculus

2nd Year

Interest Rate and Credit Risk Models

Internship 1

Internship 2

Lévy processes and applications

Optimization and Control Theory in Finance

Project 1

Project 2

Stochastic Finance in Continuous Time

Thesis 1

Thesis 2

Admission conditions

Required diploma(s) :

Bachelor

Tuition & Fees

Between 5750 and 6750 €

Applicants must hold the equivalent of a Bachelors degree in the fields of Applied Mathematics for Economics and Management, Mathematics, Engineering, Physics, Economics, Management or Finance, obtained from either a Portuguese or an international university.

According to subparagraph d) of Article 17 of Decree-Law No. 74/2006, dated 24 th March, other relevant applications may also be considered by the selection committee, upon analysis of the respective CV.

Applicants who are in the Final Year of their Bachelors degree may also apply, on the basis of their predicted average grade. Accepted applicants will be made a conditional offer.

Accepted applicants are ranked according to the final grade of their First Cycle degree, an analysis of their curriculum, and possibly an interview.

Employment opportunities & career impact

Employment opportunities :

There is a steady demand for financial mathematicians all over the world. The holder of the MMF degree is prepared for the challenge of the pressing needs of the financial sector, both at the national and international level.

The main employers of our Masters students are:

Banks
Investment companies
Consultancy companies
Universities

Employability is a key distinctive factor of the ISEG MMF, with 100% of graduates being placed soon after obtaining their degree, some of them even during their Masters Final Work. Employment includes working for the major financial centres of the world, such as London, Bristol, Madrid, Frankfurt and Luxembourg.

A PhD is also an option for further education.

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Additional information / brochure
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Click here to download this ranking (PDF)

Country	Rank	School / Program
	1	1. Master of Advanced Management MAM - Electives in Capital Markets Yale University - Yale School of Management
	1	1. Master of Finance The University of Melbourne - Melbourne Business School
	1	1. Master of Philosophy specialising in Mathematical Finance University of Cape Town - Faculty of Commerce
	1	1. Maestria en Finanzas con especializacion en Gestion de Portafolios de inversion Universidad del Pacífico Pacífico Business School
	1	1. Money and Finance University of Ljubljana, School of Economics and Business (SEB LU)
	1	1. Finance MBA KAIST College of Business
	1	1. MBA - Financial Engineering Holy Spirit University of Kaslik - USEK Business School
	1	1. MSc in Finance ESADE Business School
	1	1. MBA Financial Engineering Almaty Management University
	2	2. M.S. Mathematical & Computational Finance Track Stanford University
	2	2. Master Professionnel Finance d'entreprise et des marchés IHEC Carthage
	2	2. Master of Commerce - Quantitative Finance specialisation The University of Sydney - The University of Sydney Business School
	2	2. Quantitative Finance University of Warsaw - Facuty of Economic Sciences
	2	2. Master in Finance EGADE Business School - Tecnológico de Monterrey
	2	2. Master Financial Markets (203) Université Paris Dauphine-PSL
	2	2. MBA - Finance National Taiwan University - College of Management
	2	2. MBA Finance and Risk Management Institute of Business Management (IoBM)
	2	2. Master en Gestion et Management option Gestion des Actifs Financiers Université Saint-Joseph
	3	3. Master of Finance Curtin Business School/Economics & Finance/Curtin University
	3	3. MBA Financial Instruments and Markets Specialization New York University (NYU) - Stern School of Business
	3	3. MSc Financial Mathematics LSE - Department of Mathematics
	3	3. MA in Financial Economics American University of Beirut
	3	3. MBA Quantitative finance Zagreb School of Economics and Management
	3	3. Specialization in Capital Market Universidad de Buenos Aires
	3	3. Mastère en prévision des systèmes économiques et marchés financiers Institut Supérieur de Gestion de Tunis (ISG)
	3	3. MS Program in Finance Fu Jen Catholic University
	3	3. International Finance Tashkent Financial Institute
	4	4. MS Financial Engineering Columbia University - The Fu Foundation School of Engineering and Applied Science
	4	4. Master universitario in Quantitative Finance and Risk Management Università Bocconi
	4	4. PGDM in Financial Markets (FM) ITM Group
	4	4. Decisões Financeiras em Condições de Risco Universidade de São Paulo
	4	4. MBA Finance Concentration The American University of Dubai
	4	4. Master Applied Finance University of Wollongong - Sydney Business School
	4	4. Professional MA Finance ( Fund Management ) Fudan University
	4	4. Master Finance d'entreprise et Ingénierie des marchés financiers Ecole Nationale de Commerce et de Gestion - Settat (ENCG - SETTAT)
	4	4. GLOBAL BUSINESS, FINANCE and GOVERNANCE (in Polish) SGH - Warsaw School of Economics
	5	5. Masters of Mathematical Finance University of Toronto - School of Graduate studies
	5	5. Financial Engineering (Course: Computer Science and Econometrics) Poznan University of Economics and Business
	5	5. Maestria en Banca y mercados financieros Universidad Anáhuac México
	5	5. Master of Business Applied Finance MBus(AppFin) Queensland University of Technology (QUT)
	5	5. Finance National Taiwan University of Science and Technology
	5	5. Master's in Finance - Major in Financial Markets Nova School of Business and Economics - Universidade Nova de Lisboa
	5	5. MBA - Banking & financial services Alliance School of Business
	5	5. Master en Monnaie, Finance et Banque Avicenne Private Business School
	5	5. International Financial Analysis (jointly with the University of Glasgow) Russian Armenian University
	6	6. Master of Science in Finance & "Trading, Risk & Investments Program" TRIP Texas A&M University - Mays Business School
	6	6. MS in Finance National Yang Ming Chiao-Tung University
	6	6. Master of Science in Finance HEC Lausanne, the Faculty of Business and Economics of the University of Lausanne
	6	6. MASTER EM FINANÇAS BSP Business School São Paulo
	6	6. Master of Finance Griffith University - Griffith Business School
	6	6. Postgraduate Program Financial Institutions and Markets University of Zagreb
	7	7. MSc in Strategic Finance International Business School Budapest
	7	7. Msc in Finance, track Finance Quantitative / Data analysis emlyon business school
	7	7. MBA Finance Elective Northwestern University - Kellogg School of Management
	7	7. Master of Quantitative Finance University of Technology Sydney - UTS Business School
	7	7. Master of Science Banking Universiti Utara Malaysia (UUM)
	7	7. Master in Financial Data Management and Analysis Universidad de Buenos Aires (UBA)
	8	8. Master in Finance ESSEC Business School
	8	8. Master of Financial Engineering University of California, Berkeley - Haas School of Business
	8	8. Master Finance Mathematics & Finance Engineering Shanghai University of Finance and Economics (SUFE) - School of Public Economics and Administration
	8	8. ESPECIALIZACIÓN EN BOLSA Y BANCA Universidad De Antioquia Facultad De Ciencias Económicas
	8	8. Master of Financial Analysis (Research Methods) La Trobe University
	8	8. Master Studies in Finance Wroclav University of Economics
	9	9. Master of Science in Computational Finance (MSCF) Carnegie Mellon University
	9	9. Financial Markets West University of Timisoara, Faculty of Economics and Business Administration
	9	9. Master in Science of Environment and Mathematical Modeling Doshisha University
	9	9. Master of Financial Planning Griffith University
	9	9. QTEM Master of Science in Business (in Finance and Economics) BI Norwegian Business School
	9	9. PÓS-GRADUAÇÃO OPERADOR DE MERCADO FINANCEIRO FIA Business School
	10	10. Master of Science in Finance The George Washington University - The George Washington University School of Business
	10	10. Master of Financial Analysis and Master of Business Administration La Trobe University
	10	10. MASTER IN FINANCE Universidad Carlos III de Madrid - Business Department
	10	10. Master in Finance Sun Yat Sen University – Sun Yat Sen Business School
	10	10. Financial Markets and Institutions, Faculty of Economic Sciences HSE University
	10	10. Maestría en Ciencias Empresariales con mención en Gestión Financiera Universidad San Ignacio De Loyola (USIL)
	11	11. Master of Science in Financial Mathematics The University of Chicago
	11	11. MSc in Mathematics and Finance Imperial Colege London - Department of Mathematics
	12	12. MBA - Finance Major - Specialization in Financial Instruments and Portfolio Management University of Pennsylvania - The Wharton School
	12	12. Master of Finance Antwerp Management School
	13	13. Master of Financial Engineering University of California, Los Angeles (UCLA) - Anderson School of Management
	13	13. Master in Financial Risk Management POLIMI Graduate School of Management
	14	14. MSc Financial Mathematics Department of Economics - University of Warwick
	14	14. Master of Science in Finance Simon Fraser University - Beedie School of Business
	15	15. Master of Investment Management Concordia University - John Molson School of Business - Goodman Institute of Investment Management
	15	15. Master in Finance and Investments Erasmus University Rotterdam
	16	16. Full Time MBA Investment Management University of Texas at Austin - Mccombs School of Business
	16	16. MSc Investment Analysis Aston University
	17	17. Master of Science in Mathematical Finance (MSMF) Boston University - Questrom School of Business
	17	17. MSc in Financial Markets EDHEC Business School
	18	18. MBA Capital Markets Academy (CAPM) Indiana University - Kelley School of Business
	18	18. Master in Banking and Financial Regulation - Máster en Banca y Regulación Financiera Universidad de Navarra - Facultad de Economicas y Empresariales
	19	19. MBA with Finance Elective University of Western Ontario - Ivey School of Business
	19	19. Advanced Master in Financial Markets Université Libre de Bruxelles - Solvay Brussels School of Economics and Management
	20	20. Master of Finance York University - Schulich School of Business
	20	20. MSc International Finance HEC Paris
	21	21. Master in Quantitative Finance and Risk Management University of Michigan
	21	21. Master of Science in Quantitative Finance WU Vienna University of Economics & Business
	22	22. Finance University of Rochester
	22	22. Master Gestion d'Actifs Asset Management (222) Université Paris Dauphine-PSL
	23	23. Mathematical Finance University of South California- Dana and David College of Letters, Arts & Sciences
	23	23. Masters in Financial Analysis London Business School
	24	24. Master's Programme in Quantitative Economics and Finance (MiQE/F) University of St.Gallen (HSG)
	24	24. DESS Instruments financiers dérivés Université du Québec À Montréal - École des sciences de la gestion
	25	25. MSc Quantitative and Computational Finance Georgia Institute of Technology - Georgia Scheller College Tech of Business
	25	25. Master in Finance and Banking UPF Barcelona School of Management
	26	26. Mastère Spécialisé Analyse Financière Internationale - Option Évaluation et gestion d'actifs Neoma Business School
	26	26. MS in Quantitative Finance and Risk Analytics Rensselaer Polytechnic Institute - Lally School of Management
	27	27. Master in Mathematical Finance ISEG - Lisbon School of Economics and Management, Universidade de Lisboa
	27	27. Master of Finance University of Florida
	28	28. MSc in Quantitative Finance University College Dublin - Michael Smurfit Graduate Business School
	28	28. MS Finance Syracuse University
	29	29. MSc Financial Markets and Investments SKEMA Business School
	29	29. Master of Science in Quantitative Methods and Modeling Baruch College - City University Of New York (CUNY)
	30	30. International Master in Finance EADA Business School Barcelona
	30	30. MS in Financial Engineering University of Illinois - Gies College of Business
	31	31. Master of Science in Business: Finance Portfolio Management University of Maryland
	31	31. Financial Modelling University of Glasgow - Adam Smith Business School
	32	32. Finance University of Texas at Dallas - Naveen Jindal School of Management
	32	32. Finance University of Strathclyde - Strathcylde Business School
	33	33. Master of Quantitative Finance The State University of New Jersey - Rutgers Business School
	33	33. Financial Management Athens University of Economics and Business (AUEB)
	34	34. MSc in Quantitative Finance Alliance Manchester Business School - The University of Manchester
	34	34. Financial Engineering Claremont Graduate University - Institute of Mathematical Sciences - Drucker School of Management
	35	35. MBA Spécialisé TRADING - Finance Négoce & Gestion d'actifs ESLSCA Business School Paris
	35	35. MS in Quantitative Finance Fordham University
	36	36. Master in Finance EBS Universität - Business School
	36	36. MS Financial Services Saint Joseph's University
	37	37. Master of Financial Mathematics University of Minnesota - College of Science and Engineering - School of Mathematics
	37	37. Master in Finance - Specialisation in Financial Markets, Investments and Asset Management Hanken School of Economics
	38	38. Master of Science in Mathematical Finance University of North Carolina at Charlotte
	38	38. Pós-Graduação em Análise Financeira Porto Business School - University of Porto
	39	39. MSc in Finance Dublin City University - DCU Business School
	39	39. MS Quantitative Finance College of Business - The University of Texas at Arlington
	40	40. Master in Banking and Quantitative Finance Universidad Complutense de Madrid - Facultad de Ciencias Economicas y Empresariales with Universidad de Valencia, Universidad de Castilla La-Mancha and Universidad del País Vasco
	40	40. Masters of Investment Management and Financial Analysis Creighton University
	41	41. MSc Quantitative Finance Lancaster University Management School
	42	42. Master in Finance Universidade Catolica Portuguesa
	43	43. Banking and Finance Kingston University London
	44	44. MSc Financial Risk Management University of Leeds - Leeds University Business School
	45	45. MSc in Computational Finance University of Limerick
	46	46. Máster en Asesoramiento Financiero y Gestión Patrimonial OBS Business School
	47	47. MSc Finance Nottingham Trent University - Nottingham Business School
	48	48. MSc Capital Markets, Regulation and Compliance University of Reading - Henly Business School ICMA Centre
	49	49. Máster en Bolsa y Mercados Financieros EAE Business School
	50	50. MSc in Finance Alba Graduate Business School at The American College of Greece
	51	51. MSc Financial Analysis and Fund Management University of Exeter
	52	52. Master in Financial Mathematics Iscte Business School
	53	53. Master 2 Gestion de Portefeuille IAE Paris-Est - Campus Créteil
	54	54. Banking and Finance Sheffield Hallam University
	55	55. MBA 2 Finance de Marché Financia Business School
	56	56. Master in Finance, Insurance and Risk Management Università degli Studi di Torino
	57	57. MSc in Economics and Financial Economics The University of Nottingham
	58	58. MSc Quantitative Finance and Risk Management Newcastle University
	59	59. Financial Markets and Regulation (Duisenberg Honours Programme) VU University Amsterdam - Faculty of Economics and Business Administration
	60	60. Máster Universitario en Gestión de Riesgos Financieros Comillas Universidad Pontificia