Actuarial and Financial Mathematics

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.

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.

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.