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Technische Universität München
Master German + English Mathematics & Natural Sciences

Mathematical Finance and Actuarial Science

Master of Science (M.Sc.)

About the Program

The Mathematical Finance and Actuarial Science master's program provides a demanding vocational education and training in finance and actuarial science. In addition to the foundational subject of stochastic analysis, the specialties of mathematical finance and actuarial science are of central importance. Students select one of the two specialties but always acquire knowledge of the other as well. The content is complemented by courses in economics and cross-disciplinary topics. As a graduate, you are able to mathematically model scientific questions relating to finance and insurance sectors, to analyze, critique and further develop these questions in an economic context and, ultimately, to apply the results in practice.
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The Mathematical Finance and Actuarial Science master's program provides a demanding vocational education and training in finance and actuarial science. In addition to the foundational subject of stochastic analysis, the specialties of mathematical finance and actuarial science are of central importance. Students select one of the two specialties but always acquire knowledge of the other as well. The content is complemented by courses in economics and cross-disciplinary topics. As a graduate, you are able to mathematically model scientific questions relating to finance and insurance sectors, to analyze, critique and further develop these questions in an economic context and, ultimately, to apply the results in practice.

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

Mathematical Finance and Actuarial Science

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Frequently Asked Questions

Quick answers about Mathematical Finance and Actuarial Science at Technische Universität München

Is Mathematical Finance and Actuarial Science at Technische Universität München 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 Mathematical Finance and Actuarial Science programme cost?

6.000 EUR / semester. International students should also budget around 800–1000 EUR/month for living costs in Germany.

What are the admission requirements for Mathematical Finance and Actuarial Science at Technische Universität München?

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 Mathematical Finance and Actuarial Science?

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 Technische Universität München — 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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