Master of Science in Mathematical Finance

What you would need to do

In the order you must act, not the order things get published. Some steps depend on your nationality — tell us where you are from and this list gets sharper.

1. APS certificate (Akademische Prüfstelle) — IndiaVerification of academic documents issued by Indian institutions. Required for the German student visa. It does NOT replace a university's admission decision, and it can run in parallel with university applications. · by 2027-05-03Academic Evaluation Centre India (APS India) ↗
2. Submit your applicationBefore you applyApplications close on 2027-05-31 · by 2027-05-31Kiel University ↗
3. APS India minimum Class XII score of 70%Before you applyA hard academic floor applied at COUNTRY level, outside any university's own criteria. A student holding a university offer can still be refused the APS certificate, and therefore the visa. Announced 23 February 2026, effective Winter Semester 2026/27.Academic Evaluation Centre India (APS India) ↗
4. dMAT (Digital Master Test) — required for some Master's fieldsBefore you applyStandardised academic aptitude test run by APS India with g.a.s.t. Required as part of APS documentation for Master's applicants whose PREVIOUS degree is in Engineering; Commerce, Accounting, Finance or Economics; or Business and Management. Applies from the s · EUR 150APS India with g.a.s.t. ↗
5. German language proficiency (institution-set level)No national minimum level. The recognised EXAMS are standardised nationally (TestDaF and DSH), but the required level and any waiver are set by each institution.Individual higher education institutions; exams standardised nationally ↗
6. Proof of financial resources (Finanzierungsnachweis / Sperrkonto)Applicants must prove funds for one year, commonly by depositing into a blocked account (Sperrkonto). Blocks the visa, not the university application. · EUR 11,904Federal Foreign Office / DAAD Study in Germany ↗
7. Health insurance (compulsory)Proof of health insurance is demanded at BOTH university enrolment and residence-permit application.DAAD Study in Germany ↗
8. Anmeldung (residence registration)Every international student moving to Germany must register at the residents' registration office, usually within one week. The written confirmation is needed to obtain the residence permit.Einwohnermeldeamt / Bürgeramt, then Ausländerbehörde for the permit ↗

Cost

tuition — EUR 0 per year (international students)DAAD International Programmes: Master of Science in Mathematical Finance at Kiel University — tuition fees as published: 'No tuition fees'Checked 2026-08-16 · daad.de

Entry requirements

• languageDAAD programme detail for Master of Science in Mathematical Finance at Kiel University — english language requirement as published: C1 required, please provide an official language certificate, e.g.: Cambridge English Qualifications: C1 Advanced Cambridge English Qualifications Business (BEC) : C1 Business Higher ISE (paper edition): ISE III onSET English: C1 PTE Academic: 76 telc English: telc English C1 TOEFL iBT (before 2026): 95 Reading: 24 Listening: 22 Speaking: 25 Writing: 24 TOEFL iBT (since 2026): 5 Reading: 5 Listening: 5 Speaking: 5 Writing: 5 TOEFL iBT Home Edition (before 2026): 95 Reading: 24 Listening: 22 Spea
• otherDAAD programme detail for Master of Science in Mathematical Finance at Kiel University — academic admission requirements as published: Bachelor's degree (180 ECTS credit points) in mathematics with grade 3.0 or better, provided that contents, extent, and scientific level are comparable to BSc in Mathematics from Kiel University, or Bachelor's degree (180 ECTS credit points) in another subject with grade 2.5 or better, if at least 30 credit points are in analysis, linear algebra, probability theory, and statistics, again with grade 2.5 or better (If necessary, admission can be granted conditionally under the condition that students take additional Bachelor's courses in the first two semesters of the programme.) In any case, be aware that the mathematical level in the Master's programme in Mathematical Finance is very high. F