Universities / ISEG – Lisbon School of Economics and Management (ULisboa)

Master in Mathematical Finance (ISEG MF)

An English-taught two-year mathematical finance master's with a strong stochastic calculus and continuous-time finance core, plus programming and numerical methods. Final year can end in a thesis, project or internship; positioned as preparation for research roles or doctoral study.

What you’ll study

Core

Financial Markets and Investments
Mathematical Methods in Finance
Programming Techniques
Probability Theory and Stochastic Processes
Stochastic Calculus
Financial Econometrics
Optimization and Control Theory in Finance
Numerical Methods in Finance
Interest Rate and Credit Risk Models
Lévy Processes and Applications in Finance
Stochastic Finance in Continuous Time
MSc Final Work 1
Master's Final Work 2

Electives

Elective I
Elective II

Source: iseg.ulisboa.pt ↗

Before you apply

Background: Bachelor's in a relevant field (applied mathematics, mathematics, statistics, physics, engineering, economics, finance, management, accounting); others case by case
English: Excellent written and spoken English expected (no score stated)
Other: Degree certificate, transcript, CV, motivation letter; conditional application possible for final-year bachelor students

Source: iseg.ulisboa.pt ↗

After graduation

Employers: European Central Bank, European Investment Bank, Google, Banco de Portugal, Millennium bcp, BNP Paribas, EY

Source: iseg.ulisboa.pt ↗

Want to see what employers ask for? Browse open quant roles.

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.

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