Master's programme in Banking and Finance

Entry requirements

To be admitted to the master's programme in Banking and Finance students must have completed an eligible bachelor's programme or an eligible bachelor's programme at a university of applied sciences or an equivalent degree programme at a recognised Austrian or foreign post-secondary educational institution.

Please note that for graduates from other universities or institutions the admission processing takes 12-16 weeks. Please register early enough to able to register for courses. Registration periods for courses in the winter term usually starts in the middle of September, for courses in the summer term in the middle of February and end one week before the semester starts (Oct 1st or March 1st).

The following bachelor’s programmes at the University of Vienna are certainly eligible and qualify a candidate for admission to the master’s programme in Banking and Finance without any other requirements:

  • Business Administration
  • International Business Administration
  • Economics
  • Statistics
  • Business Informatics
  • Computer Science
  • Mathematics

Graduates of other programmes or other universities must in any case demonstrate

  • sufficient command of English at Level C1 of the European Framework of Reference, see 

    >> Language Proficiency Criteria for admission to the master programmes instructed in English

  • previous knowledge in Business Administration, Economics, Mathematics and Statistics comprising at least 30 ECTS credits;
    thereof at least 3 ECTS credits in Mathematics and 3 ECTS credits in Statistics;

    >> Information for graduates of the University of Vienna (in German)

  • achievement of at least 150 points in the GRE revised General Test’s assessment section on Quantitative Reasoning within the previous two years.

    The GRE General Test is a standardised test that is composed of three assessment sections:
    • Verbal reasoning,
    • Quantitative reasoning and
    • Analytical writing
    The Quantitative Reasoning section, in which mathematical knowledge is examined and a total maximum of 170 points can be acquired, is decisive.

Mathematical and statistical ability

We encourage students with various backgrounds such as business, economics, statistics, mathematics, computer science, and physics to apply. 
A sound background in mathematical and statistical tools is advantageous but not a requirement. But we expect students to have a working knowledge of calculus and should know the basics of vectors and matrices, probability and statistics.  

Professional experience

Candidates are not required to have previous work experience and this would not disadvantage them in any way.

Preparatory readings

  • J. Berk, P. DeMarzo, Corporate Finance (4th ed), Pearson Education, Boston, 2017.
  • H. R. Varian, Intermediate Microeconomics (9th ed.), W. W. Norton & Company, New York, 2014.
  • T. J. Watsham, K. Parramore, Quantitative Methods in Finance, International Thompson Business Press, 1997.
  • D. Ruppert, Statistics and Finance -- An Introduction, Springer, New York, 2004.
  • A. C. Chiang, Fundamental Methods of Mathematical Economics (4th ed),
    McGraw-Hill, Inc., New York, 2005.
  • K. Binmore, J. Davies, Calculus: Concepts and Methods, Cambridge University Press, 2001.