Master in Financial Mathematics (ISCTE/FCUL) (ISCTE MF)
A part-time evening master's run jointly by ISCTE and FCUL, covering option pricing, structured products, stochastic calculus, PDEs, market and credit risk and term-structure models. Aimed at mathematics, physics and engineering graduates heading into quantitative finance.
What you’ll study
Core
- Option Pricing
- Extreme Events in Finance
- Financial Investments
- Programming
- Measure Theory
- Derivatives and Risk Management
- Structured Products
- PDEs in Finance
- Stochastic Calculus in Finance
- Optimization
- Volatility Derivatives
- Risk Theory in Banking and Insurance
- Market Risk
- Credit Risk
- Models of the Term Structure of Interest Rates
- Econometrics of Financial Markets
- Numerical Methods
- Master Project / Dissertation
Electives
- Fundamentals of Economics
- Financial Markets
- Topics of Real Analysis
Source: ibs.iscte-iul.pt ↗
Before you apply
- Background
- Bachelor's degree; mainly Mathematics, Physics or Engineering graduates; Finance/Economics/Management graduates with strong mathematical interest may apply
- English
- English proficiency required (some units in English); no score stated
- Other
- CV, degree diploma with GPA, goal statement; possible interview. €70 application fee
Source: ibs.iscte-iul.pt ↗
After graduation
The programme doesn’t publish an employment report.
Want to see what employers ask for? Browse open quant roles.
Programme is titled Master in Financial Mathematics on ISCTE's site (batch name: Mathematical Finance). Study-plan page shows inconsistencies in dissertation ECTS. Page stated all vacancies were currently filled.
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.