Mathematical Finance and Actuarial Science Technical University of Munich

Participants can choose to write their Master's theses in either English or German.

Graduates of the Master's programme in Mathematical Finance and Actuarial Science acquire fundamental theoretical, methodological and practical knowledge in financial and actuarial mathematics, risk management, probability theory, statistics, optimisation, numerics and economics, as well as social competencies (e.g., teamwork), and extra-disciplinary qualifications (e.g., foreign language skills). They are able to transfer and apply mathematical concepts to tasks in a business context. Graduates of the programme are qualified to pursue doctoral studies in a variety of mathematical disciplines or to begin their careers in a broad spectrum of business fields.

1 January until 31 May for the winter semester
1 October until 30 November for the summer semester

Please refer to the following website for more information on tuition fees at TUM: https://www.tum.de/en/studies/fees/tuition.

Lectures and seminars in the first three semesters, Master's thesis in the fourth semester

On-the-job training is also accomplished through obligatory internships (e.g., in banks, insurance companies or in cooperation with businesses). These cooperation programmes may also provide support for students writing their Master's theses.

Optional study abroad experience for one semester

An internship of four weeks is to be completed, usually during the summer break between the second and third semesters. Programme advisers will assist students in finding an appropriate internship.

6,000 EUR

Please refer to the following website for more information on tuition fees at TUM: https://www.tum.de/en/studies/fees/tuition.

Please refer to this page for more details: https://www.tum.de/en/studies/fees.

In order to cover personal expenses while studying in Munich, we recommend a budget of at least 1,000 EUR per month.

Please refer to the following page for more information: https://www.studierendenwerk-muenchen-oberbayern.de/en/international/international-students-in-munich/in-preparation/cost-of-living/.

Applicants must hold a Bachelor's degree in mathematics or an equivalent qualification in a similar field of study.
Applicants are qualified if they can show proof of academic achievements that are equivalent to the qualification obtained in the Bachelor's degree programme in mathematics offered by TUM and that meet the requirements of the respective Master's degree programme.

If you have not officially completed your education in English, you must provide proof of sufficient language skills in English. Please refer to the main university website to find out which English language certificates are accepted: https://www.tum.de/en/studies/application-and-acceptance/university-admission/language-certificates/.

1 January until 31 May for the winter semester
1 October until 30 November for the summer semester

Many international students can have their fees waived or receive scholarships to finance them. You can find all information on waivers and scholarships here.

There are various job opportunities as teaching assistants and research assistants at the university.
Munich is also a very good place to find internships, e.g., with banks, insurance, software or consulting companies as well as in the research and development departments of large corporations.

Please refer to the following page for more details: https://www.tum.de/en/studies/during-your-studies/living-and-working/jobs-and-internships.

It’s not easy to find a place to live in Munich – but it’s not impossible either! The Technical University of Munich (TUM) supports students and staff in their search for accommodation by providing personal advice, in-house listings and useful information to ensure that you can quickly find a place to call your own.

For more information, see: https://www.tum.de/en/studies/during-your-studies/living-and-working/accommodations.

TUM Career Service: https://www.community.tum.de/en/career-service/

https://www.studierendenwerk-muenchen-oberbayern.de/en/

https://www.sprachenzentrum.tum.de/en/sz/homepage/

https://www.prolehre.tum.de/en/prolehre/studyskills/