Finance Mathematics

General information

The current financial practice is unthinkable without the use of a wide spectrum of sophisticated mathematical models and techniques. The main aim of the studies in the Master's degree programme of Financial Mathematics is to master both practical and theoretical aspects of these methods. The programme focuses mostly on qualitative methods and models of financial mathematics. The study plan of the programme provides firm mathematical background, which allows the complete understanding of such models, including their sensitivity to the changes of parameters and violation of some of the model's assumptions. Another aim is to acquaint students with practical aspects of risk analysis, e.g. using scoring techniques including corresponding programming skills.

The concept of studies is based on three pillars, which provide firm foundation for practical applications of mathematical models. The first pillar is devoted to mastering more advanced mathematical techniques of spectral and functional analysis and solving differential equations.

This is followed by mastering techniques of analysis of stochastic processes, and, consequently, the actual models of financial mathematics including their practical aspects. The programme also offers several courses oriented towards actuarial (insurance) mathematics.

The study programme of Financial Mathematics is run in cooperation with the Faculty of Economics and Administration, which guarantees the economically oriented courses taught within the programme. The programme aims mostly at students with analytical thinking and interest in practical applications of mathematics.

A successful graduate is able to

  • apply appropriate mathematical models to analysis and prediction of financial time series and evolution of interest rates
  • analyse and construct portfolios with desired properties
  • master techniques for using and evaluating options and other financial derivatives, stressing their importance for hedging against market risks
  • evaluate the risk of using investment tools
  • master current software used in financial institutions
  • use and combine appropriate programming techniques

Graduate employment

The graduates will find employment in financial institutions - banks, insurance companies, pension and investment funds, and audit and consultancy companies. They can work as company financial analysts and in state administration.

In insurance companies they can mostly work as actuaries. In the bank sector, they can work, for instance, as analysts or specialists in controlling and in management positions.

Faculty Faculty of Science
Type of study follow-up master's
Mode full-time
Standard length of studies 2 years
Language of instruction czech

Field of study combinations

Field combinations with Finance Mathematics

This field of study is only offered in single-subject study mode

Admission Requirements

A written or oral examination on the level of Bachelor's degree examination of the corresponding Bachelor's field of study is required. (only in Czech)

Recommended literature

V. Jarník: Diferenciální počet I a II, Academia, Praha 1976 P. M. Cohn: Algebra, John Wiley, 1995. R.B. Ash, C. A. Doléans-Dade: Probability and Measure Theory, Academic Press, 2000 R. V. Hogg, A. T. Craig: Introduction to Mathematical Statistics, Macmillan, 1970.

Evaluation criteria

The examination results.

Frequently enrolled courses

Recommended study plans and other information can be found in the faculty study catalouge.

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