Master of Science in Mathematical Finance and Actuarial Science
A comprehensive Master's programme focused on the intersection of financial mathematics, risk management, and actuarial science.
Best for:Best for students with a strong background in mathematics seeking a career in quantitative finance, risk management, or actuarial science.
Overview
The Master of Science in Mathematical Finance and Actuarial Science at the Technical University of Munich provides students with rigorous theoretical and practical training. The curriculum covers essential topics including financial mathematics, probability theory, statistics, and risk management. Students are expected to engage in both academic coursework and mandatory professional internships to bridge the gap between theory and business application. The programme prepares graduates for advanced doctoral research or professional roles in the financial and insurance sectors.
What you'll do
- Complete advanced coursework in financial and actuarial mathematics over three semesters.
- Undertake a mandatory four-week internship in a business or financial institution.
- Conduct independent research and write a Master's thesis in the fourth semester.
- Participate in seminars and collaborative projects to develop teamwork and communication skills.
- Apply mathematical concepts to solve complex problems within a business context.
Requirements
Degree required: Bachelor's degree in mathematics or an equivalent qualification in a related field.
Degree offered: Master of Science
Language: English; C1 level required.
Instruction: English
- Strong foundation in mathematics equivalent to the TUM Bachelor's programme.
- Proficiency in English at C1 level (e.g., IELTS 6.5, TOEFL 88, or equivalent).
- Ability to apply theoretical mathematical concepts to practical business scenarios.
- Must hold a Bachelor's degree in mathematics or equivalent.
- Must meet the specific academic equivalence requirements set by the department.
Funding & terms
Programme and admissions
Admissions not verified
A catalogue listing does not mean applications are open or funding is guaranteed. Check the source for your intake.
- Intake
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- Duration
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- Taught / research mode
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- Prerequisites
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- Tuition
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How to apply
Deadline: 2026-05-31
Applications must be submitted through the official TUMonline portal. Ensure all academic transcripts and language certificates are prepared according to the university's guidelines.
- Bachelor's degree certificate
- Academic transcripts
- English language proficiency certificate
- CV
Contact
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