Program Overview
The Financial Engineering at Reykjav\xc3\xadk University is a MSc programme in Engineering over 24 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of engineering. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Financial Engineering programme are well-prepared for careers in academia, industry, government, and the private sector across Iceland and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 24 months
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 6
- Tuition: EUR 6,860 (Tuition (Semester)) — International students; EUR 3,800 (Tuition (Semester)) — EU/EEA students
- Location: Reykjavik, Iceland
Career Opportunities
Graduates of the Financial Engineering programme are prepared for diverse careers in engineering:
- Design Engineer
- R&D Engineer
- Project Engineer
- Systems Engineer
- Technical Consultant
- Engineering Manager
Program Curriculum
Course Structure
- Applied Probability
- Data Mining and Statistics
- Optimization Methods
- Elective course
- Fixed income Analysis
- Investments
- Derivatives
- Mathematical Methods in Finance
- Stochastic Prosesses
- Risk Management
- Thesis preparation
Admission Requirements
Academic Requirements
- Undergraduate degree in engineering, mathematics or physics
- Basic knowledge on stocks, fixed income instruments, and derivatives
- Able to program in Matlab, C++ or other programming languages
- Undergraduate courses on Calculus, Linear Algebra, Probability and Statistics
An otherwise promising student who does not satisfy the requirements above may be accepted to the program. In such a case the student is expected to fill the aforementioned requirements during the first year of study.
English Proficiency: IELTS 6 or equivalent.
Tuition & Financial Information
Tuition Fee
EUR 6,860 (Tuition (Semester)) — International students; EUR 3,800 (Tuition (Semester)) — EU/EEA students
Tuition fees: EUR 6,860 (Tuition (Semester)) — International students; EUR 3,800 (Tuition (Semester)) — EU/EEA students
IELTS requirement: 6
Financial Aid & Scholarships
Contact Reykjav\xc3\xadk University directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About Reykjavík University
Reykjavík University
Reykjavík, Iceland
Reykjavík University is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University Profile- Application Deadline 2005-12-17
- Start Date 2018-01-08
- Language English
- Duration 24 months