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Master Programme in Financial Engineering

Postfach /P.O. Box 3049, D-67653 Kaiserslautern, Germany

+49 (0)631 205 5367

+49 (0)631 205 4940

E-mail address

Type of course
Part-time (distance study)

Language of tuition

Length of course
6 semester (3 years)

Date of commencement

Application deadline
The registration deadline is 31th August

Class size

Cost / fees
The study fees for the distance learning program "Financial Engineering" are EUR 1,990 per term. Added to this is a social contribution of 102 Euro per term. The one-off fee for the master's thesis is 500 Euro. Starting from the third semester over the regular study time of four semesters, a reduced fee of 30 % of the semester fee is levied. Further information can be found at

Not available (accommodation during residential stays have to be booked by student)

Admission requirements
The admission requirements are distinguished between work experience requirements and formal requirements:

Work experience:

  • A minimum of one year of related job experience is needed

    Formal requirements:
    • Undergraduate degree of a university or university of applied sciences (Bachelor, Diploma or Master) in mathematics or other subjects with significant proportions of mathematics is needed.
    • A sufficient proof of proficiency in English is necessary. Adequate knowledge of English is given if:

    • - the university entrance qualification was acquired in Germany
      - the first-degree study was predominantly conducted in English
      - a TOEFL-result is proven with at least
    • 213 points (computer)
    • 550 points (paper)
    • 80 points (internet)

    Programme Director
    Prof. Dr. Jörn Saß

    Contact details for application
    RPTU Kaiserslautern-Landau
    Subdivision Distance Student Affairs
    P.O. Box 3049, D-67653 Kaiserslautern
    Hanna Groß
    Tel: +49 (0)631 205 3482

  • RPTU Kaiserslautern-Landau
    Distance and Independent Studies Center

    Master Programme in Financial Engineering

    In-depth knowledge of methodology, modern financial mathematics and actuarial theory and their statistical and numerical use in practice are increasingly important in the finance and insurance industry. Regulators now also set strict risk assessment requirements for business portfolios, and these require an understanding of the latest statistical methods and actuarial models. A combination of methods is key in practice, but this demands comprehensive mathematics qualifications in all areas.

    The programme is tailored to the demands of everyday working practice: interdisciplinary, and designed to teach the advanced financial mathematics and financial economics theory and skills required for an in-depth understanding of the increasingly complex financial market. It also explores links to actuarial science and teaches relevant statistical and numerical methods. The programme is aimed at graduates of mathematics programmes who are already working, are seeking a career in applied financial mathematics or research, and whose first degree did not provide sufficient expertise in this area.

    The programme is also and in particular aimed at graduates of other Master‘s programmes whose Master‘s or initial Bachelor‘s degree had a significant mathematics component, who are already working in a relevant industry and who want a more in-depth understanding of financial mathematics and to learn about the background, concepts and methods.

    The standard length of the Financial Engineering distance-learning programme, including assessment periods, is six semesters. The programme is worth 90 credit points and begins in October each year.

    The distance learning program is made up of 9 topics, which include
    • Financial mathematics
    • Interest rate models
    • Financial decision making
    • Economics of banking
    • Insurance mathematics
    • Risk measures and rating systems
    • Financial statistics
    • Computational methods in finance

    Other Programmes offered by the Distance and Independent Studies Center

    Distance and Independent Studies Center (DISC)
    RPTU Kaiserslautern-Landau

    The Distance and Independent Studies Center is one of RPTU University of Kaiserslautern-Landau‘s key scientific institutions. Its tasks comprise the initiation and development of further qualifications for university graduates who have already obtained an initial professional qualification. The range of measures that are offered in collaboration with the University’s departments and subject areas comprise program, program sequences, and study programs of varying lengths. One of the Center’s key focal points is the provision of distance learning programs, which can be taken on a part-time basis while pursuing a career.

    More than 4,100 students are currently enrolled in the distance learning programs of Adult Education, Human Resource Management, School Management, Social Sciences: Organization and Communication, Systemic Management, Organizational Development, Systemic Consulting, Management of Health and Social Institutions, Management of Cultural and Non-Profit Organizations, Economy and Management, Commercial Law for Business Practice, Tax Law for Business Operations, Sustainable Development Cooperation, Software Engineering for Embedded Systems, Medical Physics, Medical Physics and Technology, Structural Fire Protection/ Safety Engineering, Child Psychology: Learning and Learning Disabilities, Nanotechnology and Nanobiotechnology.

    RPTU Kaiserslautern-Landau

    The University of Kaiserslautern-Landau is a future-oriented university. It is characterized by a lively inter-site cooperation.

    At RPTU, more than 290 professors conduct research with their teams: By networking our research expertise, we address the complex and major challenges of our time such as climate change, digitalization and societal transformation. In our research profile, we have defined focal points and formulated common goals.

    nnovative teaching, research practice in the course of studies and a range of courses that imparts competencies for the challenges of tomorrow - this is what distinguishes studies and teaching at RPTU. In more than 160 study programs, RPTU students develop into subject specialists, founders and excellent researchers.