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Master in Mathematical Finance

The increasing "high-tech" character of modern business has increased the need for advanced methods, which rely, to a large extent, on mathematical techniques which seemingly are indispensable for competitiveness in industry. Launched in 2007/08 under the Bologna process, the Masters in Mathematical Finance has been offered every year ever since then. It was created as a developing and innovative project in Portugal, which followed the standards of European universities.

A3ES accreditation in 2013 certifies the quality of the MMF's programme, which combines theoretical rigor with sectorial skills, balancing cutting-edge knowledge and research with contact with financial sector practices. The programme aims to develop students' mathematical and computational skills, combined with financial modelling, and provides a thorough education in modern mathematical finance.

During the fourth semester, students can opt for an internship in a financial company, or can choose to write a thesis or a project. As a result, our Masters students are readily employed by prestigious financial companies (banks, consultancy, insurance and investment companies). "Several of our MMF alumni are currently studying for a PhD, either in Portugal, or abroad, and some have already completed their PhD." Internationalisation is also a part of the MMF's history and aims.

The Masters in Mathematical Finance aims to:

  • Form quantitative analysts with a strong knowledge of analytical, statistical, and computational tools, which can be applied to financial modeling
  • Contribute to the education of top level practitioners with leadership ability, who are capable of promoting innovation
  • Promote innovation and scientific research in Applied Mathematics and support the education of university teachers whose activity of research in the areas of Financial Mathematics are relevant for the University, in collaboration with the business world.

Admission requirements

The Masters in Mathematical Finance is designed to further the education in quantitative finance of students who already have a Bachelors degree in Mathematics, Statistics, Physics, Economics, Finance or Management. Strong analytical skills are recommended in order to keep up with the challenging workload. 

Throughout the programme, students benefit from contact with financial institutions, by means of seminars by top level practitioners and through Internships, which usually result in offers of employment. 

Students who wish to pursue Third Cycle studies in this area will be greatly encouraged by the syllabus of our Masters.

Tuition fees

Students from the EU: €5750

International students: €6750

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ISEG - Lisbon School of Economics and Management

ISEG - Lisbon School of Economics & Management

With over one hundred years of history, ISEG was the first school of economics and management founded in Portugal. The school is part of the University of Lisbon, the largest Portuguese university. Well-recognized nationally, ISEG is likewise establishing itself as...


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ISEG - Lisbon School of Economics and Management


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Want to know more about Master in Mathematical Finance? Fill out the following form and we'll pass your details on to a representative from the school, who will respond to your enquiry.

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