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Universität des Saarlandes
Master German + English Mathematics & Natural Sciences

Actuarial and Financial Mathematics

Master of Science (M.Sc.)

About the Program

The Master's degree programme 'Actuarial and Financial Mathematics' is aimed at students who already hold a Bachelor's degree in mathematics or a related subject and who are looking for a varied and challenging postgraduate programme that opens up excellent career prospects in the insurance and financial sectors. The programme provides a solid education in the field of actuarial and financial mathematics, specifically teaching students the mathematical knowledge and skills required by members of the German Association of Actuaries (DAV). Students can focus on areas of interest through a wide range of mandatory elective modules and opportunities to deepen their understanding in business science and computer science. The programme requires 120 ECTS credits and is divided into: Tools and Techniques of Financial and Actuarial Mathematics (19.5 credits), Stochastic Methods (13.5 credits), Lecture Courses (interdisciplinary) (27–30 credits), Seminars and Master's Thesis (42 credits), and Freely selectable modules (15–18 credits). Graduates are prepared for careers in the insurance industry, financial sector, management consultancy, IT companies, and research institutions, or for doctoral research work.
Show the original English text
The Master's degree programme 'Actuarial and Financial Mathematics' is aimed at students who already hold a Bachelor's degree in mathematics or a related subject and who are looking for a varied and challenging postgraduate programme that opens up excellent career prospects in the insurance and financial sectors. The programme provides a solid education in the field of actuarial and financial mathematics, specifically teaching students the mathematical knowledge and skills required by members of the German Association of Actuaries (DAV). Students can focus on areas of interest through a wide range of mandatory elective modules and opportunities to deepen their understanding in business science and computer science. The programme requires 120 ECTS credits and is divided into: Tools and Techniques of Financial and Actuarial Mathematics (19.5 credits), Stochastic Methods (13.5 credits), Lecture Courses (interdisciplinary) (27–30 credits), Seminars and Master's Thesis (42 credits), and Freely selectable modules (15–18 credits). Graduates are prepared for careers in the insurance industry, financial sector, management consultancy, IT companies, and research institutions, or for doctoral research work.

General Requirements

Specific requirements for this program are not in our database yet. The following are typical for this degree and language in Germany — always verify the exact requirements on the program's official page.

Academic qualification

A recognised Bachelor's degree in a related field; some programs require a minimum grade or specific prerequisites.

Language

Depending on your chosen track: German at C1 (DSH-2/TestDaF) or English (IELTS ~6.5 / TOEFL iBT ~90).

Typical documents

  • Recognised diploma and transcript (certified translations)
  • Language certificate
  • Passport and passport photo
  • Tabular CV (Lebenslauf)
  • Letter of motivation (for many programs)
  • Application via uni-assist / VPD (for most international applicants)

Which Professions Does This Program Open Up?

Related profession searches from Bundesagentur für Arbeit (BERUFENET) data:

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Subjects / Topic Areas

Actuarial and Financial Mathematics

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Frequently Asked Questions

Quick answers about Actuarial and Financial Mathematics at Universität des Saarlandes

Is Actuarial and Financial Mathematics at Universität des Saarlandes taught in German or English?

This Master programme is taught in German + English. Make sure to check the language requirements (e.g. TestDaF, DSH, IELTS or TOEFL) before applying.

How much does the Actuarial and Financial Mathematics programme cost?

No tuition fee (only semester contribution). International students should also budget around 800–1000 EUR/month for living costs in Germany.

What are the admission requirements for Actuarial and Financial Mathematics at Universität des Saarlandes?

Typical requirements include: a recognised secondary/undergraduate degree, proof of language proficiency (German + English), and (for non-EU applicants) a uni-assist application plus financial proof (Sperrkonto ~11.904 EUR/year).

When is the application deadline?

Application deadlines vary: winter semester usually closes on 15 July, summer semester on 15 January. Always confirm the exact deadline on the official university website.

Can I work in Germany while studying Actuarial and Financial Mathematics?

Yes. International students may work up to 140 full days / 280 half days per year without additional permission. After graduation you can apply for an 18-month job-seeker permit.

How do I apply to Universität des Saarlandes — directly or via uni-assist?

Most German universities accept international applications through uni-assist for document verification. Some unis accept direct applications — check the programme page on the official site.

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