The Master's program in Applied Mathematics with a specialization in Financial Mathematics, administered by the Department of Stochastics at BME, will also be offered as a dual program in partnership with the Central Bank of Hungary starting in the 2024/25 academic year. The theoretical part of the education provided within the dual training program follows the same curriculum as the non-dual Master's program in Applied Mathematics with a specialization in Financial Mathematics, providing a strong theoretical foundation in probability theory, stochastic processes, and statistics. Students acquire practical knowledge and professional experience first-hand in a banking environment, under the mentorship of expert staff at the Central Bank of Hungary.

The dual degree obtained upon successful completion of the program is unique in Hungary in the field of Financial Mathematics. The professional experience gained at the country's most competent financial institution is extremely attractive on the labor market. The Central Bank of Hungary offers students the opportunity to build professional relationships in a unique financial center.

Requirements and expectations

• Professional interest
• Progress in theoretical subjects in accordance with the sample curriculum
• Good academic performance (minimum GPA of 3.5 per semester)
• Active participation in practical training

Practical training

Practical training takes place under the mentorship of a professionally recognized employee of the Central Bank of Hungary. The partner institution signs a special student's employment contract with students participating in the dual training. Most of the student's work takes place outside the academic term. During the academic term, the schedule is adjusted to fit the university's schedule. During the exam period, students are exempt from work on exam days and may use their vacation to prepare for exams.

The partner institution pays a student salary specified in the contract.

As part of the training, the Central Bank of Hungary contributes to the completion of the following subjects with a total of 32 credits with practical training: Project Laboratory 1, 2, 3, Thesis Preparation, and Master's Thesis.

Admission, application

In addition to the usual Master's degree admission procedure, the admission procedure also includes an interview with the partner organization. Applications for the dual training program must be submitted to the Central Bank of Hungary by e-mail. An email is to be sent to dualis@mnb.hu with a professional CV, cover letter, proof of previous studies, high school diploma, and language exam certificate attached. The application deadline is 28th Feb 2026.

Contact

The institutional coordinator of the dual training program is Bálint Vető (Department of Stochastics). Information about the dual training programs of the Central Bank of Hungary is available at dualis@mnb.hu. We welcome applications from graduating BSc students interested in financial mathematics and its practical application to our dual training program.