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    Mathematical Finance and Actuarial Science
    Go to Technical University of Munich
    Technical University of Munich

    Mathematical Finance and Actuarial Science

    Technical University of Munich

    Technical University of Munich

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    Germany, Munich

    University RankQS Ranking
    37

    Key Facts

    Program Level

    Master by Course Work

    Study Type

    Full Time

    Delivery

    On Campus

    Campuses

    Garching

    Program Language

    English

    Start & Deadlines

    Next Intake DeadlinesOctober-2022
    Apply to this program

    Go to the official application for the university

    Duration 4 year(s)
    Tuition Fee
    EUR 147  / semester
    Next Intake October-2022

    Mathematical Finance and Actuarial Science

    About

    The Mathematical Finance and Actuarial Science master's program is tailored to students who are interested in a demanding vocational education and training where finance and actuarial science are concerned.

    In addition to the foundational subject of stochastic analysis, the specialties of mathematical finance and actuarial science are therefore 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.

    For a comprehensive description of the program, please refer to the degree program documentation:

    • Degree program documentation for the master's program in Mathematical Finance and Actuarial Finance (PDF, German) 
    The Mathematical Finance and Actuarial Science master's program provides a demanding vocational education and training in finance and actuarial science.

    Requirements

    Entry Requirements

    In terms of applying to TUM, international refers to the country where you have completed your secondary school or your undergraduate studies. It does not refer to your country of origin or the place you live.
    • when applying to a bachelor's degree program: You have completed your secondary school education outside of Germany with something other than a German Abitur.when applying to a master's degree program: You have completed your undergraduate studes (i.e. your bachelor's) outside of the EU, EEA or Switzerland.

    To qualify for a master's degree program, you need a first academic degree, e.g. a bachelor's. The exact requirements for every degree program are stated in the Academic and Examination Regulations.

    Regardless of the program you are interested in, you need an undergraduate degree which is at least equal to a German bachelor's degree with a duration of 3 years (6 semester) to be eligible to apply for a master's program.

    You can look up your degree in the anabin database (available in German only) to get a first orientation whether you are generally qualified for a master's degree program in Germany.

    English Program Requirements

    All degree programs at TUM Informatics require proof of proficiency in German, English, or both. 

    Check TUM’s central admissions website for information on accepted language proficiency certificates here. 

    Please remember that you often will need to sign up for language tests several months in advance.

    Should you have no knowledge in German at all, you should plan to devote approximately 9 to 12 months to intensive courses in order to reach the required level. You must be able to prove proficiency in the relevant language for your program in order to be admitted.

    For Master's applications at the department of Informatics: if the language of instruction of your Bachelor's degree was English (100%), this can be accepted as English language proof for the Master's application. 
    Bachelor's thesis written in English can also be accepted as English proof. In this case a document from your university (

    Career

    • As a graduate of the Mathematical Finance and Actuarial Science master's program you are ideally prepared for an occupation in financial markets or insurance. Professional opportunities arise inter alia in areas where mathematical finance expertise is in demand
    • such as risk management or portfolio theory
    • as well as in actuarial science. Further options include working as an auditor
    • tax advisor or financial controller.

    Fee Information

    Tuition Fee

    EUR 147  / semester
    Technical University of Munich

    Mathematical Finance and Actuarial Science

    Technical University of Munich

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    Germany,

    Munich

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