Actuarial and Financial Mathematics, B.Sc.
The insurance, banking and consulting sector is the largest field of activity for mathematicians alongside the IT industry. The “Actuarial and Financial Mathematics” course prepares you for a job in this area. In addition to the mathematical basics, it teaches instruments of applied mathematics (especially in the area of stochastics), knowledge of insurance and financial mathematics and basic economic knowledge as well as (optional) techniques of data science. In particular, the mathematical learning objectives (basic knowledge) of the actuarial training (DAV) are taught across several modules in the bachelor's and master's degree programs.
Programme facts
| Degree | Bachelor of Science (B.Sc.) |
|---|---|
| Duration | 6 semesters, 180 ECTS |
| Language of instruction | German |
| Required German | C1 |
| Study mode | Full-Time, Part-Time |
| Start | Summer semester, winter semester |
| Application | uni-assist (VPD) + the university, winter semester until 30.09, summer semester until 31.03 |
| Admission | No admission restriction: every eligible applicant is admitted |
| Tuition fee | €0 per semester for international students |
| Semester contribution | €412.30 per semester |
What the tuition fee consists of
Will I get in
Every applicant who meets the formal requirements is admitted — but places can run out before the deadline, so apply at the start of the window.
How the selection works and how strong the competition is — we go through it against your certificate when we select programmes for you.
Programme selection →About the programme
The probabilistic and statistical methods in insurance and financial mathematics are closely linked to economic aspects and concepts and in many cases can only be implemented through the use of computer-aided numerical methods. The interdisciplinarity of the study of actuarial and financial mathematics is therefore of an intrinsic nature.
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During their bachelor's degree, students acquire comprehensive basic knowledge of mathematics and economics and can confidently use advanced stochastics instruments. You will gain a broad overview of actuarial and financial mathematics issues, have in-depth knowledge of at least one of the areas of actuarial mathematics or financial mathematics and be able to use relevant mathematical methods competently in an actuarial or financial mathematical professional environment.
In the Bachelor's degree program in Actuarial and Financial Mathematics, the standard period of study until completion of the Bachelor's examination is six semesters in full-time study. Upon request, parts of the course can be studied part-time. Before starting your career, the knowledge from the bachelor's degree is usually supplemented by the knowledge from the master's degree of the same name, which will be offered from winter semester 2023/24.
What you study
During the course of the bachelor's degree, 180 credit points are acquired in the following areas: mathematical fundamentals, instruments of actuarial and financial mathematics, instruments of stochastics, computer-oriented methods, economics environment, seminars and thesis as well as free points. In the first year of study, in addition to important basics in analysis and linear algebra, elements of actuarial and financial mathematics as well as basics from the business sector are taught. The further course of the course also depends on the student's focus. In the course documents (see below) you will find two example study plans. The course consists of compulsory, elective and elective courses as well as a “free points” area.
The full curriculum and the programme's parameters are part of programme selection: we compare them with your profile.
Pick programmesCost of study
| Tuition fee of the federal state (Saarland), international students | €0 |
|---|---|
| Semester contribution | €412.30 |
Requirements and application
| Previous education | A school certificate that gives access to university in Germany — directly or after a Studienkolleg. |
|---|---|
| Language | German C1 — confirmed by a certificate when you apply |
| Application | uni-assist (VPD) + the university, winter semester until 30.09, summer semester until 31.03 |
The procedure and the set of documents depend on your certificate. We check the university's requirements against your documents and give you a list: what to submit, how to certify and translate it, where and when to apply.
Check the requirementsHow to get into this programme
- 1Check your certificate and its recognitionDirect admission, a year at a university at home, or Studienkolleg first — this decides the whole plan.
- 2German up to C1 and a certificateDSH or TestDaF has to be passed before you apply.
- 3Documents and translationsCertified translations of the certificate and transcript, an APS if required. 3–4 weeks.
- 4Application uni-assist (VPD) + the university until 31.03uni-assist checks documents for 4–6 weeks — send them well before the deadline.
- 5Admission, visa, movingPlan 2–3 months for the visa and the blocked account in parallel.
How to apply
You can submit the application yourself or with our help — the university decides on admission in both cases.
Applications go through the university's portal or uni-assist. Typical mistakes:
- ×incorrectly made certified copies and translations
- ×a wrong set of documents
- ×the application submitted the wrong way
- ×errors or gaps in the application form
- ×the application submitted at the wrong time — too early or too late
An incomplete or incorrectly prepared application is excluded from the selection — it can no longer be corrected after the deadline.
StudyInFocus does not represent the university and does not influence the admission decision. We do not sell study places and do not guarantee admission — this is a service for preparing and submitting documents on the applicant's side.
If your level is not enough yet
The two most common stoppers are a language level below the requirement and a certificate without direct admission. Both can be solved, but they take months — plan them now, not after a rejection.
Questions about this programme
How much does the programme cost?
What language level do I need?
When do I need to apply?
Don't postpone the application
The deadline is 31.03.2027 (168 days left). Language, translations and the document check take months, not weeks. In 30 minutes we will build a plan backwards from the deadline and tell you honestly whether you can make it.