Master's degree program Mathematics of Economy, Finance and Modeling (abbr. MEFM) is a comprehensive program for studying mathematics and mathematical methods used in economics and finance, as well as in the natural and technical sciences. A deep understanding of mathematical foundations forms the basis for teaching applied subjects, considerable emphasis is placed on mastering the work with computers and foreign language literature. The program, which in this way combines mathematics, economics and finance, is the first of its kind in Slovakia and the modernity of its concept is exceptional on an international scale. Its creation was consulted with renowned experts in the field of economics and finance from abroad.
By completing compulsory and optional subjects, the graduate will gain a solid foundation of mathematical, statistical and numerical methods, which can be further applied in the fields of economics and finance as well as in applications in the natural and technical sciences. The specifics of the MEFM study program is the possibility to choose one of two blocks of compulsory courses, which are focused on Economic and Financial Modeling and Mathematical Modeling.
By completing the core subjects of the Economic and Financial Modeling block, the student will gain a solid overview of the analytical methods of economic and financial models. The core subjects in this block include: Financial Derivatives, Dynamic Macroeconomics, Quantitative Risk Management Methods, Seminar in Economics, Insurance and Non-Cooperative Game Theory.
By completing the core subjects in the Mathematical Modeling block, the student will gain an overview of methods of mathematical modeling in the natural and technical sciences. The core subjects in this block are Principles of Mathematical Modeling in Science and Engineering, Biomathematical Modeling, Convex Optimization, Inner Point Methods, Multidimensional Statistical Analysis, Stochastic Methods of Operational Analysis and Digital Signal Processing.
Every year, several graduates continue their PhD studies , both at our faculty, but also at CERGE in Prague, at the postgraduate school Institute for Higher Studies in Vienna and at other universities. MEFM graduates achieve exceptional results on entrance tests and are among the top students.
However, most graduates are employed in financial institutions and insurance companies. Regular employers of our graduates include, in particular, Slovenská sporiteľňa, the National Bank of Slovakia, the Ministry of Finance of the Slovak Republic, the Institute for Financial Policy, ING Bank, Slovenský plynárenský priemysel and others.
Jakub Hrbáň - strategy analyst at Slovenské elektrárne (the Slovak electricity company); graduate of MEF and MEFM.
”I started my studies on the study program Mathematics of Economy and Finance (MEF) in 2015 with the expectation of a high level of achieved knowledge.
After five years at FMPI CU, I can say that on the program MEF I gained excellent theoretical knowledge in the fields of economics, finance, mathematical optimization, data analytics and statistics.
In addition, during my studies I also had the opportunity to participate in several competitions, where I could use the acquired knowledge in solving real problems.
The first competition was the CFA Research Challenge, which aimed to conduct an in-depth financial analysis of an assigned listed company.
At the international round, which took place in Prague, we managed to take the third place.
Another of the mentioned competitions, announced by Slovenské elektrárne (the Slovak electricity company), was focused on the prediction of short-term electricity prices and our team took the second place.
However, these successes would not have been possible without the quality teaching staff that the Department of Applied Mathematics and Statistics undoubtedly has.
The willingness of professors and lecturers to help at any time and the enthusiasm for the researched areas are exactly the things that other faculties in Slovakia can only envy.
Graduates of MEF are in high demand in the labor market, and there is a wide range of areas in which they can find good jobs: from banking and insurance sector, through consulting and IT companies to data analytics in fields such as biomedicine, energy industry, etc. As a student, I had the opportunity to work in the IT company Softec in the position of data analyst. After graduation, I started working in the Slovak electricity company as a strategy analyst, whose primary task is to provide analytical support for the trading department. In both jobs, the knowledge and analytical thinking gained in the MEF study program was very useful to me.
Therefore, if I were to decide again which school and which field of study to choose, my choice would be clear: FMPI CU - MEF.”