Tuition Fees
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Room Rent & Utilities | $5658 (EUR 4920) |
| Food | $2732 (EUR 2376) |
- Per Semester Fee: €269
- Per Credit Tuition Fee: €8.96
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline For Winter 2025 Intake | |
M.S in Quantitative Finance from University of Kiel – Overview
The M.Sc. in Quantitative Finance from Kiel University is a 2-year graduate program offered by the Faculty of Business, Economics and Social Sciences. It is designed to provide students with advanced theoretical and practical knowledge in finance, mathematics, statistics, and computational methods. In the first year, students complete core modules focusing on topics such as mathematical finance, computational finance, advanced statistics, econometrics, financial economics, and corporate finance. The second year emphasizes specialization through elective modules, which may include risk management, derivatives, fixed income securities, portfolio management, advanced econometrics, stochastic calculus, and financial engineering. The program culminates in a Master’s thesis, allowing students to conduct independent research in a specialized area of quantitative finance. Admission requires a relevant bachelor's degree with strong quantitative background, and applicants must apply for the winter semester intake. International students must demonstrate English language proficiency through IELTS, TOEFL iBT, or equivalent tests. Available scholarships for international students include the DAAD Scholarship (EPOS or STIBET), which offers up to €992 per month plus additional benefits, the Kiel University Faculty Scholarships (ranging from €300–€800 per month), and the Germany Scholarship (€300 per month).
M.S in Quantitative Finance from University of Kiel – Fees
The annual cost of pursuing the M.S. in Quantitative Finance at the University of Kiel is approximately €12,288. This includes no tuition fee, a semester fee of €538 (i.e., €269 per semester), and estimated living expenses of around €11,750. These living expenses cover room rent, food, transportation, books and supplies, other fees, and health insurance, and also include a one-time registration fee of €55. The university does not charge any tuition fees—only the semester fee is required.
M.S in Quantitative Finance from University of Kiel – Dates
Applications for the M.S. in Quantitative Finance at the University of Kiel are accepted only for the Winter Semester, with the deadline of 15 July 2025 for Winter 2025 Intake.
M.S in Quantitative Finance from University of Kiel – Modules
The M.S in Quantitative Finance follows the following module structure:
|
Years |
Core Modules |
Optional Modules |
|
Year 1 |
|
NA |
|
Year 2 |
|
|
Eligibility & Entry Requirement
|
Requirement Type |
Details |
| School Name |
Faculty of Business, Economics and Social Sciences (WiSo Faculty) |
|
Academic Qualification |
|
|
English Language Requirement |
|
|
Documents Required |
|
|
Application Link |
|
| Application Fee | €75 |
| Course Credits | 120 ECTS Credits |
Scores Required
TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| DAAD Scholarship (EPOS or STIBET) | ~€992/month + travel + insurance | Excellent academic record; Bachelor's degree; proof of English/German; motivation letter |
| Kiel University Faculty Scholarships | Varies (€300–€800/month in some cases) | Enrolled at Kiel University; academic excellence; motivation letter |
| Germany Scholarship | €300/month for 1 year | High-performing students; social engagement; enrolled at a German university |
Key Resources for Your Study Abroad Journey
Course Guides
Masters of Finance in Germany: Top Universities, Eligibility, Scholarships & Job Opportunities
MS in Germany: MS in Germany: Deadlines, Fees, Scholarships, Jobs
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| MAWISTA Scholarship | Scholarship per student$ 7,695/Yr$6,691 | Level Of StudyBachelor | TypeEasy-to-Apply | |
| Friedrich Ebert Foundation Scholarship | Scholarship per studentVariable Amount | Level Of StudyBachelor | TypeMerit-Based | |
| British Council IELTS Award 2023 | Scholarship per student$ 15,004/Yr$13,047 | Level Of StudyBachelor | TypeMerit-Based | |
| Kurt Hansen Science Scholarship | Scholarship per student$ 11,500/Yr$10,000 | Level Of StudyDoctorate | TypeNeed-Based | |
| Kaad Scholarship | Scholarship per studentVariable Amount | Level Of StudyDoctorate | TypeMerit-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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