All about this master, Master in Mathematical Finance ISEG - Lisbon School of Economics and Management, Universidade de Lisboa
Portugal - Western Europe
Financial Markets

ISEG - Lisbon School of Economics and Management, Universidade de Lisboa
Master in Mathematical Finance


Program overview

The Masters Programme aims to develop students' mathematical and computational skills, combined with financial modelling. In studying for our Masters, students are confronted with the most important technical and quantitative topics of finance, both theoretical and applied, ranging from the mathematical background to the latest trends in the financial sector.

You can find complete program information and download brochure here:

Admission conditions

Required diploma(s) :

  • Bachelor

Tuition & Fees

Between 5750 and 6750 €

Applicants must hold the equivalent of a Bachelors degree in the fields of Applied Mathematics for Economics and Management, Mathematics, Engineering, Physics, Economics, Management or Finance, obtained from either a Portuguese or an international university.

According to subparagraph d) of Article 17 of Decree-Law No. 74/2006, dated 24 th March, other relevant applications may also be considered by the selection committee, upon analysis of the respective CV.

Applicants who are in the Final Year of their Bachelors degree may also apply, on the basis of their predicted average grade. Accepted applicants will be made a conditional offer.

Accepted applicants are ranked according to the final grade of their First Cycle degree, an analysis of their curriculum, and possibly an interview.

Employment opportunities & career impact

Employment opportunities :

There is a steady demand for financial mathematicians all over the world. The holder of the MMF degree is prepared for the challenge of the pressing needs of the financial sector, both at the national and international level.

The main employers of our Masters students are:

  • Banks
  • Investment companies
  • Consultancy companies
  • Universities


Employability is a key distinctive factor of the ISEG MMF, with 100% of graduates being placed soon after obtaining their degree, some of them even during their Masters Final Work. Employment includes working for the major financial centres of the world, such as  London, Bristol, Madrid, Frankfurt and  Luxembourg

A PhD is also an option for further education.

Choose a Master, an MS or an MBA in Financial Markets

Pictogramme The Sector of Financial Markets

Financial markets are the communication spaces and networks that allow the trading of financial assets. During the last years, this sector has been affected and change due to the globalization, the change in the company management and the liberalization of the economic markets.

Pictogramme Follow a Masters/MS/MBA in Financial Market

These master allows you to improve your decisions making in the stock market and financial market, to provide participants with tools for the stock exchange and financial markets that generate value, to control the tools and instruments of planning and budgeting that support the financial decision making process and to operate in an dynamic environment. Therefore, you will develop the skills necessary to be able to successfully manage a modern enterprise from the point of view of the function of the financial advisor.

Pictogramme Follow a Masters/MS/MBA in Financial Market

The graduation profile of the Master’s students is of professionals in the field of assets, markets and wealth management who can access the following professional entities: banking financial institutions, financial companies not banking, investment services firms, of course, financial departments of enterprises and management agencies and enterprises in the financial markets.

Pictogramme Financial Management in 2019

At present, the Financial Expert no longer has to carry out control tasks alone, although these remain his responsibility, but his added value as a professional will be determined by his ability to analyze and solve problems, so their actions and competencies must be oriented to a greater involvement in the strategic management of the value of the company. The market demands more flexible financial accountants for two reasons: the responsibility of the Financial Expert within the different areas of the company is expanding and the dynamism of the economy forces them to be increasingly alert from the financial point of view.

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