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The program combines interdisciplinary scientific knowledge from mathematics - especially >>> financial and insurance mathematics as well as stochastics and numerics - with economics and statistics. The skills acquired during the course of study should enable students to work independently, to critically classify and apply scientific results in the professional world, especially in the finance and insurance industry or in research. The demand of the economy for highly qualified, interdisciplinarily trained specialists with core competences in the field of mathematics as well as profound knowledge in statistics and economics is large and constantly increasing. The focus is therefore on teaching basic structures and techniques that enable the analysis and solution of mathematical problems in the finance and insurance industry. Career prospects are excellent due to the key qualifications acquired, such as the ability to abstract and analyze, organize complex issues and highly developed computer skills.
Program overview
Main Subject
Mathematics
Degree
Other
Study Level
Masters
Study Mode
On Campus
The program combines interdisciplinary scientific knowledge from mathematics - especially >>> financial and insurance mathematics as well as stochastics and numerics - with economics and statistics. The skills acquired during the course of study should enable students to work independently, to critically classify and apply scientific results in the professional world, especially in the finance and insurance industry or in research. The demand of the economy for highly qualified, interdisciplinarily trained specialists with core competences in the field of mathematics as well as profound knowledge in statistics and economics is large and constantly increasing. The focus is therefore on teaching basic structures and techniques that enable the analysis and solution of mathematical problems in the finance and insurance industry. Career prospects are excellent due to the key qualifications acquired, such as the ability to abstract and analyze, organize complex issues and highly developed computer skills.
The Master's program in Financial and Actuarial Mathematics usually lasts four semesters and concludes with the academic degree of Master of Sciences. The prerequisite for this program is a Bachelor's degree in Mathematics or in subjects in which a comparable level of mathematical knowledge (to the Bachelor's degree at the LMU) is achieved. (e.g. Bachelor Business Mathematics, Statistics or Bachelor Physics). There is no minimum English requirements listed for this program but an IELTS score of 6.5 and equivalent is recommended.
One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.
You can add a master's degree to your first undergraduate degree (e.g. bachelor's degree or State Examination) if you want to expand or specialize your knowledge. An increasing number are now in English — from American History to Physics. A master's degree program at LMU usually takes two years and is made up of 120 ECTS points.
In addition to an undergraduate degree, further qualification requirements may be necessary, which are detailed in the examination regulations for each master's degree. There are consecutive master's degree programs that build on knowledge from undergraduate studies in the same subject. In other master's degree programs, the requirements can be met with different academic degrees, because they require certain fundamentals that are not restricted to a single subject area. Weiterbildende Master (career-integrated master's degree programs) also require relevant professional experience. Students in these programs are usually required to pay additional tuition fees.
Master Degree in Financial and Insurance Mathematics
Geschwister-Scholl-Platz Campus, Munich, Germany
# =114QS Subject Rankings
24 monthsProgram duration
YesScholarships
MathematicsMain Subject Area
Program overview
Main Subject
Mathematics
Degree
Other
Study Level
Masters
Study Mode
On Campus
Program overview
Main Subject
Mathematics
Degree
Other
Study Level
Masters
Study Mode
On Campus
Admission requirements
Exam Scores
Important Dates
Tuition fee and scholarships
Scholarships
One of the important factors when considering a master's degree is the cost of study. Luckily, there are many options available to help students fund their master's programme. Download your copy of the Scholarship Guide to find out which scholarships from around the world could be available to you, and how to apply for them.
In this guide you will find:
Where to look for scholarship opportunities
How to apply to scholarships relevant to you
A list of available scholarships around the world
A scholarship application checklist
More programs from the university
Master PG
You can add a master's degree to your first undergraduate degree (e.g. bachelor's degree or State Examination) if you want to expand or specialize your knowledge. An increasing number are now in English — from American History to Physics. A master's degree program at LMU usually takes two years and is made up of 120 ECTS points.
In addition to an undergraduate degree, further qualification requirements may be necessary, which are detailed in the examination regulations for each master's degree.
There are consecutive master's degree programs that build on knowledge from undergraduate studies in the same subject. In other master's degree programs, the requirements can be met with different academic degrees, because they require certain fundamentals that are not restricted to a single subject area. Weiterbildende Master (career-integrated master's degree programs) also require relevant professional experience. Students in these programs are usually required to pay additional tuition fees.
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