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Master Degree in Financial and Insurance Mathematics

Note: The Master's program in Business Mathematics was renamed Master's program in Financial and Actuarial Mathematics with effect from October 1, 2015. This does not result in any changes in content.

Introductory event:

As part of the orientation phase, an introductory event for beginning Master's students takes place during the last week of the semester break.

Description of the study:

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. Further information on the structure of the program can be found in

Please note that the Master program Financial and Actuarial Mathematics can only be taken up in the winter semester.

Fields of activity and profession:

The field of employment of graduates of this program includes in particular the finance and insurance industry, i.e. banks, insurance companies, management consultancies, etc. 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.

Conditions and requirements:

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).

In the Master's program you must achieve 120 ECTS points and write a one-semester Master's thesis at the institute.

You can find information on how to apply for the Master's program in Financial and Actuarial Mathematics at the Examination Office Natural Sciences City Center.


Enrollment in the program is done centrally at the appropriate offices. If you have any questions or uncertainties regarding enrollment (enrollment procedure, formal requirements, etc.), please contact the Student Information Service (SIS).

The Office of International Affairs is responsible for the enrollment of foreign students. Please contact this office in good time to clarify any admissions issues (recognition of certificates, German language skills, etc.).



For a complete overview of the courses and permissible combinations, please refer to Appendix 2 of

Please note that the semester information is only a recommendation and not binding.

Dates of the courses

The exact dates of the courses can be found in the

Please note that the voucher function available in LSF is currently not used in mathematics courses. The exact registration procedure - if necessary - will be explained at the beginning of each lecture. General information about the contents can be found in the module handbook.

Examination matters:


Students of the Master's program in Financial and Actuarial Mathematics have to complete an internship (module P1 of the examination and study regulations). This internship is a practical work experience of at least four weeks, which corresponds to the profession aimed for with this study program. This includes internships in banks, insurance companies, investment and financial consulting companies, tax authorities, etc. If there is any doubt as to whether an internship meets the requirements, please send a request with a short description of the internship content to the Contact Office for Students of Mathematics. In order to have a completed internship credited as module P1, please submit the following documents to the Contact Office for Students of Mathematics:

  1. The completed and signed application for recognition of the internship.
  2. A confirmation from the company or authority about the internship activity and duration of the internship.
  3. An internship report, which is a written summary and reflection of the internship, with a minimum of 6,000 and a maximum of 12,000 characters.6.000 bis maximal 12.000 Zeichen hat.

Acknowledgement of examination and study achievements

or the recognition of examination and study achievements for the Master's program in Financial and Actuarial Mathematics, especially for students who change from another program to the Master's program in Financial and Actuarial Mathematics and want to have their examination achievements from the previous program credited and, if necessary, also want to have their semester grades changed, please follow the instructions on the page Change of subject / Acknowledgement of study achievements.

Questions and information:

If you have any questions about the Master's program in Financial and Actuarial Mathematics that are not answered on this page, please contact the student advisory service by email