Mathematical Finance and Actuarial Science
M.Sc.
Overview
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.
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.
Which further expertise and skills will I acquire?
As a graduate you are able to mathematically model scientific questions relating to finance and insurance sectors, to analyze, critique and further develop these questions in an economic context and, ultimately, to apply the results in practice.
Given the various lectures in econometrics on offer, you will have rounded out your finance and actuarial science profile accordingly. You will also have refined your soft skills by attending courses on topics such as rhetoric or presentation techniques.
Which professional opportunities can I take up with this qualification?
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.
Structure
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 program's flexible structure makes it easier to study abroad for one or two semesters at a TUM partner university.
The degree concludes with the master’s thesis in the forth semester.
Costs
Tuition
HK$97,347.36
(international)
HK$0.00
(home)
Funding
Admissions
Qualifications
Selection takes place through an aptitude assessment procedure. Aptitude assessment is a two-part procedure after the submission of an official application to a program. In this procedure, the TUM school or department determines whether you meet the specific requirements for its master’s degree program.
In the initial stages, the grades you obtained during your bachelor's program, as well as your written documents, will be evaluated using a point system. Depending on the amount of points accumulated, applicants are either immediately admitted, rejected or invited to an admissions interview.
Language requirements
TOEFL
88