Applied Mathematics for graduates of external higher education institutions
Budapest University of Technology and Economics Campus, Hungary
Applied Mathematics for Graduates of External Higher Education Institutions
Budapest University of Technology and Economics
Applied Mathematics
Program Overview: MSc in Applied Mathematics at BME
The two-year MSc program in Applied Mathematics at the Budapest University of Technology and Economics provides a profound knowledge of applied mathematics that is competitive in both academic and non-academic sectors. Designed specifically for graduates of external higher education institutions, this program bridges foundational mathematical training with advanced specialization in probability theory, statistics, and their real-world applications.
Students can choose between two specializations: Stochastics and Financial Mathematics. Theoretical courses are taught by internationally recognized scientists at the university, while applied courses are delivered by experts from industry and finance who actively use mathematical methods in their professional work.
Hosted by the Department of Stochastics, a leading research center in the field, the program offers students the opportunity to engage in cutting-edge research projects at the university or at cooperating partner companies. Each MSc student is assigned a personal tutor from the faculty to provide guidance on academic matters including course selection and thesis supervision.
Key Program Highlights
- Two specializations available: Stochastics and Financial Mathematics, both with strong emphasis on probability theory and statistics
- Personal tutors assigned to every MSc student for individualized academic guidance and mentorship throughout the program
- Courses taught by internationally recognized researchers alongside industry and finance professionals who apply mathematics in practice
- Graduates secure positions at leading institutions including Morgan Stanley, Google, Citibank, the National Bank of Hungary, and top research universities worldwide
Curriculum and Modules
The Applied Mathematics MSc curriculum is structured across four semesters, combining foundational coursework, advanced specialization modules, and a research thesis. The program consists of core mathematical courses shared across specializations, advanced courses tailored to either the Stochastics or Financial Mathematics track, and freely chosen electives that allow students to broaden their expertise.
Probability Theory and Mathematical Statistics
Core ModuleAdvanced treatment of probability theory and mathematical statistics forming the backbone of both specializations. Covers measure-theoretic probability, convergence theorems, and statistical inference methods essential for applied research.
Stochastic Analysis and Applications
Core ModuleExplores stochastic calculus, Ito processes, and stochastic differential equations with applications in modeling random phenomena. Students learn to apply stochastic methods to problems in finance, engineering, and the natural sciences.
Statistics and Information Theory
Core ModuleCovers advanced statistical methods and the mathematical foundations of information theory. Topics include estimation theory, hypothesis testing, entropy, and coding theory with both theoretical depth and practical applications.
Financial Processes
Specialization ModuleProvides a rigorous mathematical framework for modeling financial markets and pricing derivatives. This module is central to the Financial Mathematics specialization and covers continuous-time finance, risk-neutral pricing, and portfolio optimization.
Markov Processes and Martingales
Advanced ModuleAn in-depth study of Markov chains, Markov processes, and martingale theory with applications in stochastic modeling. Students develop skills in analyzing random processes that are fundamental to both academic research and quantitative finance.
MSc Thesis Research
Thesis ModuleStudents conduct independent research under the supervision of a faculty advisor, producing a substantial thesis that demonstrates mastery of applied mathematical methods. Topics can be drawn from stochastics, financial mathematics, or related applied areas.
Elective Courses
Admission Requirements
This program is specifically designed for graduates of external higher education institutions who hold a relevant bachelor's degree. The admission procedure assesses your mathematical foundations, particularly in calculus, linear algebra, probability, and statistics. All applications and inquiries are handled through Uni4Edu.
Academic Requirements
- Degree RequirementBachelor's degree (BSc) in Mathematics, Applied Mathematics, or a closely related field from a recognized institution
- Academic BackgroundStrong foundation in calculus, linear algebra, probability, and statistics; relevant BSc coursework is evaluated during admission
- Admission TestOnline written test covering analysis, linear algebra, and probability, followed by a personal interview (may be conducted online)
- Minimum ScoreA minimum of 70% on the combined admission result is required for acceptance into the program
- Supporting MaterialsMotivation letter required; recommendation letter is advantageous but not mandatory
Language Requirements
- TOEFLMinimum 500 points (paper-based) or equivalent
- IELTSMinimum 5.0 overall band score
- OtherEquivalent English proficiency certificates may also be accepted; contact Uni4Edu for details
Required Documents
For personalized admission guidance, document verification, and application support, please contact Uni4Edu
Scholarships and Funding
Several scholarship opportunities are available to international students pursuing the Applied Mathematics MSc at BME. These funding options can help cover tuition fees and living expenses during your studies. Contact Uni4Edu for personalized guidance on funding opportunities and eligibility.
Stipendium Hungaricum Scholarship
Full tuition waiver plus monthly stipend and accommodation supportA prestigious Hungarian government scholarship program available to international students from partner countries. It covers tuition fees, provides a monthly living allowance, and includes accommodation support for the duration of the program.
BME Institutional Scholarship
Varies based on academic meritBME offers various institutional scholarships to high-performing students that can help cover tuition fees. Eligibility and amounts depend on academic achievement and program-specific criteria. Contact Uni4Edu for current availability.
Research Grant Support
Varies by project and departmentStudents who engage in departmental research projects may receive additional financial support from research grants. This is particularly relevant for students collaborating with the Department of Stochastics or partner companies on funded projects.
For detailed tuition fee information, please contact Uni4Edu — we will guide you through the costs and available funding options for this program.
Career Prospects
Graduates of the Applied Mathematics MSc program at BME enjoy excellent career opportunities in both the research sector and the commercial sector. The program's strong emphasis on probability theory, statistics, and their applications prepares graduates for high-demand roles in finance, technology, insurance, and academia. Alumni have secured positions at leading global institutions and companies.
Potential Career Roles
Where Our Graduates Work
Rankings and Recognition
The Budapest University of Technology and Economics is Hungary's leading technical university and is considered one of the oldest institutes of technology in the world, founded in 1782. BME holds strong positions in international rankings, particularly in engineering, technology, and applied sciences, and is recognized for its research output and employer reputation.
| Subject | Ranking Body | Rank |
|---|---|---|
| Civil Engineering | ARWU GRAS | 101-150 |
| Chemistry | ARWU GRAS | 201-300 |
| Mathematics | QS Subject Rankings | Contact Uni4Edu for current data |
| Computer Science | THE Subject Rankings | 601-800 |
How to Apply
Applying for this program is easy with Uni4Edu. Our team will guide you through every step of the process — from document preparation to final enrolment.
Contact Uni4Edu
Reach out to our team via email or phone. We will assess your profile and confirm your eligibility for this program.
Prepare Your Documents
Our advisors will provide you with a personalised checklist of required documents and help you prepare your application package.
Submit Your Application
Uni4Edu will submit your application on your behalf and keep you updated on its progress throughout the review period.
Receive Your Offer
Once accepted, we will help you understand your offer, arrange visa support if needed, and guide you through the enrolment process.
Similar Programmes
Master's & Postgraduate
12 months
PGCE Secondary Mathematics - PGCE
London Metropolitan University, London, United Kingdom
Earliest Intake
April 2025
Gross Tuition
15500 £
Bachelor's Degree
36 months
Mathematics with Philosophy BA
Lancaster University, Lancaster, United Kingdom
Earliest Intake
January 2026
Gross Tuition
28130 £
Bachelor's Degree
48 months
Mathematics (BA)
Seton Hill University, Greensburg, United States
Earliest Intake
October 2026
Gross Tuition
42294 $
Bachelor's Degree
48 months
Mathematics
Mercy University, Westchester County, United States
Earliest Intake
February 2026
Gross Tuition
23650 $
Bachelor's Degree
48 months
Mathematics & Adolescence Education Degree Grades 7-12
Mercy University, Bronx, United States
Earliest Intake
February 2026
Gross Tuition
23650 $
Uni4Edu AI Assistant
