Master's Degree Mathematics Full Time

Mathematical Finance and Actuarial Science

at Technical University of Munich · Munich, Bavaria

Duration

4 semesters

Tuition

On request

Intake

Winter semester, Summer semester

Mode

Full Time

About this program

The Master’s program in Mathematical Finance and Actuarial Science at the Technical University of Munich delves deeply into the complex world of financial mathematics and risk management. This course offers students a robust understanding of the theoretical foundations of finance and the practical skills needed for effective decision-making in uncertain economic environments. The curriculum is designed to equip students with advanced analytical skills, which are crucial in the realm of finance and insurance.

This program is structured over four semesters, during which students must complete various modules that are assessed using the European Credit Transfer and Accumulation System (ECTS). A significant feature of this program is the emphasis on a thesis in the final semester, allowing students to conduct in-depth research in their area of interest. Additionally, as a university of applied sciences, students will have opportunities for a practical or internship semester to gain firsthand experience and insights into the industry.

Graduates of this program develop strong quantitative skills and proficiency in using statistical software, which are essential for analyzing financial markets and assessing risks. The curriculum is tailored to suit individuals who are eager to engage with mathematical concepts and apply them in real-world finance scenarios. This program is particularly well-suited for those who have a background in mathematics or related fields and are looking to advance their careers in finance or actuarial sectors.

Entry requirements

English: Taught in English.

International students: Non-EU applicants need a German national student visa (Visa D) and proof of funds (usually a blocked account). Check the programme page for the exact language certificate and document list.

Career outcomes

Actuarial Analyst in insurance and pension companies
Risk Manager in financial institutions
Quantitative Analyst in investment firms
Financial Consultant for corporate financial management
Data Scientist in finance and insurance sectors

Frequently asked questions

How long is the Mathematical Finance and Actuarial Science at Technical University of Munich?

It typically takes 4 semesters, with intakes in Winter semester, Summer semester.

What are the career outcomes?

Actuarial Analyst in insurance and pension companiesRisk Manager in financial institutionsQuantitative Analyst in investment firmsFinancial Consultant for corporate financial managementData Scientist in finance and insurance sectors

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