Mathematical Finance and Actuarial Science, M.Sc.
The Mathematical Finance and Actuarial Science master's program provides a demanding vocational education and training in finance and actuarial science.
Programme facts
| Degree | Master of Science (M.Sc.) |
|---|---|
| Duration | 4 semesters, 120 ECTS |
| Language of instruction | German, English |
| Required German | C1 |
| Required English | C1 |
| Study mode | Full-Time |
| Start | Summer semester, winter semester |
| Application | Directly to the university, winter semester until 31.05, summer semester until 30.11 |
| Tuition fee | Set by the university for international students — the amount is on the programme's official page |
| Semester contribution | €97 per semester |
What the tuition fee consists of
Will I get in
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 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.
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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.
What you study
The chosen specialty constitutes the core of the master's program – mathematical finance or actuarial science. This is complemented by courses from the remaining specialty as well as content relating to economics and econometrics. In addition, relevant cross-disciplinary courses serve the purposes of cultivating and acquiring soft skills.
The full curriculum and the programme's parameters are part of programme selection: we compare them with your profile.
Pick programmesCareer
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.
Cost of study
| Semester contribution | €97 |
|---|
Requirements and application
| Previous education | A bachelor's degree in a related field. |
|---|---|
| Language | German C1, English C1 — confirmed by a certificate when you apply |
| Application | Directly to the university, winter semester until 31.05, summer semester until 30.11 |
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 directly to the university until 30.11Send the documents well before the deadline — an incomplete application cannot be completed after it.
- 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 30.11.2026 (47 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.