Master of Science in Finance and Insurance Mathematics
4.4 /5
- Public University
Talk to ExpertMaster of Science in Finance and Insurance Mathematics at LMU Munich Overview
Master of Science in Finance and Insurance Mathematics
at LMU Munich
The Ludwig Maximilians University Munich offers a really good Master of Science in Finance and Insurance Mathematics program at the PG level, which lasts for 2 years. To get admission to the program, students must meet the requirements for the course which include having a valid score on tests like IELTS and TOEFL. Also, the students should budget well for living expenses, which has:
- Accommodation (rent or hostel)
- Food
- Books
- Other important utilities
Duration | 2 years Get Curriculum |
Tuition & Fees | |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Science in Finance and Insurance Mathematics
Table of contents
Master of Science in Finance and Insurance Mathematics at LMU Munich Fees
Master of Science in Finance and Insurance Mathematics
at LMU Munich
When planning for the Master of Science in Finance and Insurance Mathematics, applicants should consider the financial aspects involved. Additionally, it is also important to account for living expenses such as accommodation, food, and utility costs. Such expenses may vary according to living styles and other fees added by the Ludwig Maximilians University Munich. To know about the complete breakdown of the Ludwig Maximilians University Munich Master of Science in Finance and Insurance Mathematics fee structure and all other cost-element-wise expenditures for an elaborate cost overview, please check the table below.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 0 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Insurance | INR 1,17,537 |
| Semester Ticket/Transportation | INR 64,111 |
Calculated at the exchange rate of 1 Euro = INR 106.85183 | Tuition & expenses were last updated on 18ᵗʰ March 2026Master of Science in Finance and Insurance Mathematics at LMU Munich Curriculum
Master of Science in Finance and Insurance Mathematics
at LMU Munich
Latest curriculum for Master of Science in Finance and Insurance Mathematics at LMU Munich can be downloaded from the below link. The curriculum PDF has semester wise course structure, electives and detailed course content. You can also check course curriculum of other specializations offered in M.Sc. at LMU Munich
Download exam sample paper
IELTS
IELTS
TOEFL
Master of Science in Finance and Insurance Mathematics at LMU Munich Entry Requirements
Master of Science in Finance and Insurance Mathematics
at LMU Munich
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- No specific cutoff mentioned
- Applicants must have a Bachelor's degree from a recognised institute or international equivalent with good grades
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CGPA
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TOEFL
- No specific cutoff mentioned
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Calculate your score and check your eligibility at over 2000+ universities.
GPA
Percentage
CGPA
Out of 10
IELTS
- No specific cutoff mentioned
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Master of Science in Finance and Insurance Mathematics at LMU Munich Rankings
Master of Science in Finance and Insurance Mathematics
at LMU Munich
University Ranking
| Rank | Rank Publisher |
|---|---|
| #2 | |
| #34 | |
| #50 |
Ludwig Maximilians University MunichStudents Ratings & Reviews
4.4/5
17 Verified ReviewsStudent Views (Based on Reviews)
- 41% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Liberal
Friendly
Internships4.4
Part time work3.9
Post study jobs4
Quality of faculty4.7
Student Life4.4
Value for money4.8
Public transportation4.8
Safety4.8
Indian Food3.9
Permanent Immigration4.2
A
Aditya Mishra
Master in Business Administration (MSc) - Batch of 2027
4.8
Excellent in academics and one of the top german universities
Tips: Honestly, getting an offer from LMU Munich is a huge deal but you need to be ready for the reality of it. Munich is an incredible city to live in but the university itself doesn't just hand you an amazing social life or easy grades. It’s a massive, traditional German uni, which means you have to be highly independent from day one.
If you put yourself out there, your weeks will be packed with exploring the city, hanging out by the Isar, and actually getting to dive into the clubs and activities you’ve always wanted to try. It completely changes your perspective on living abroad. Just don't expect a hand-held campus experience—it’s up to you to chase down the opportunities and make the city feel like home.
Likes (Student Life): As student life is full of everything, there are opportunities for growth and new people and connections from all over the world. Studying here gives you a connection to its great alumni community. You can also go to English Garden very next to the university and have a great time.
Dislikes (Part time work): Yes, even though it’s a very prestigious university, the demand for part-time work is very high, and everyone wants to work in their same field of study. So if you just want to do part-time in any field, I think it's easy to find, and the pay is also very good.
Total Monthly ExpenseEuro 1225
Prepping time for classes31 hours/Week
Expected Annual SalaryEuro 55125
(1) 1 person found this helpfulJ
Jyotirmoy Rajurkar
M.Sc in Molecular and Cellular Biology - Batch of 2023
4.3
There are many internships available both academic and industry oriented.
Tips: There is a cultural shift, and knowing German can help. I came without a scholarship and had to bear most of the cost myself, which was also a valuable learning experience. I am quite satisfied with the university, especially taking into account the international friendly city of Munich. Many opportunities for fun outside of work, in sports, dance and music. I cannot speak for the whole of Germany.
Likes (Internships): There are many internships available both academic and industry oriented. As a part of the course, you must also complete 2 internships during the Master's so in some way you are encouraged, and the faculty is encouraged to have student interns. Many academic groups provide internships, which are not paid, while industrial positions often include a stipend. All the above information is regarding field-specific internships.
Dislikes (Student Life): Student life is quite different here. There is a very little community, and most friends are made during the compulsory coursework, in student dorms and shared internships. Events are organised 1-2 times per year by the faculty, and there are frequent student parties that happen at student dorms. There is one main student club in the University for academic organisation, and a few if not none, for other activities. Most students spend time at home and come to campus only for coursework.
Total Monthly ExpenseEuro 1600
Prepping time for classes14 hours/Week
Expected Annual SalaryEuro 40700
A
Anonymous
Master of Science in Physics - Batch of 2025
3.5
LMU is a quite academically inclined especially in the field of physics
Tips: There is quite a bit of a shift in the culture. Both in personal and study life. It takes quite some getting used to. Scholarships are quite rare since tuition is free. Personally, I did not have any. I am quite satisfied with the country, course and the university. But Germany offers a lot more to people who come purely for academics rather than a job opportunity.
Likes (Public transportation): Public transport is quite affordable, and there is good connectivity. There are metro, buses and trams. Transportation has a fixed cost for all means, which is low and paid monthly. This is further subsidised by the university and is perhaps among the cheapest in Europe.
Dislikes (Internships): There are no internship opportunities offered by the University as such. Finding them outside is quite difficult since there are quite a lot of students and Munich is an education hub. So the competition is too high, and it's up to us to find an internship, since the university mostly does not have that as a requirement.
Total Monthly ExpenseEuro 1300
Prepping time for classes25 hours/Week
Expected Annual SalaryEuro
A
Anonymous
Master of Science in Business Education (Business Education I) - Batch of 2027
4.6
LMU is a world class university with great facilities.
Tips: I think it's very important to be flexible. The tuition fee is cheaper but it's a very expensive deal, I feel. So you would have to accept that money can be an issue. There's a great cultural difference also, Munich people are helpful but generally upfront which can be perceived as rude but they are very direct. Scholarship opportunities are there but they are pretty competitive. I am pretty satisfied with the university, the city and the country. I would like to stay here permanently.
Likes (Value for money): I do think tuition feels is justfied as it's not a lot and the return you get is good. LMU is world famous university, you get good faculty members, and job options. You get student benefits at almost every museum and on public transport. You get deutschalnd ticket discount.
Dislikes (Part time work): I feel there are quite a lot of possibilities for part time jobs. Sometimes it can get hectic to manage studies and jobs both but doable. You get at least minimum wage everywhere which is around 12 euros per hour. I am not very sure about the on campus opportunities but off campus there are a lot of opportunities in cafes, in the football stadium.
Total Monthly ExpenseEuro 1500
Prepping time for classes20 hours/Week
Expected Annual SalaryEuro 20000
A
Anonymous
Master of Science in Economics - Batch of 2025
4.2
There are different types of work visas based on the field.
Tips: Coming from India, there is a cultural shift that atleast I experienced, in terms of the environment in universities in India and here.
Since there are no tuition fees at LMU for most of the courses, the scholarships are limited. There are organisations that offer scholarships but have requirements such as language proficiency among others. I availed a merit based scholarship after my first year based on my grades wherein I got 650 euros for 5 months for one semester.
My course was highly academic and rigorous and comparably at par with other top universities offering Economics at Masters level. The university always had an atmosphere that pushed me in every way to better myself, be it doing better in exams or participating in extra-curricular activities such as exchange programs, seminars and projects. I was more than satisfied with my choice of course, university and country.
Likes (Student Life): There are many groups, clubs and communities that one can join ranging from sports, academics to recreational.
Regarding the events that are organised on the campus, there are many faculty organised events, for example, industry oriented projects, career fairs, guest lectures and seminars.
There are also other community events such as semester parties, university fests and sports events. There is always something happening.
Dislikes (Post study jobs): Although the course is offered in English but for good job prospects, post degree, it’s very important to have German language proficiency at least B1-B2. There are jobs that are in English but very few and highly competitive.
In Germany, it is generally not required for companies to offer sponsor visas for work. If you are successful in getting an offer, you could simply apply for a work visa with the job contract. Important to note here is that there are different types of work visas based on the field; bottleneck professions such as STEM and Medical and salary limits, Blue card salary limits.
Job roles and salary packages depend solely on the field of study and the previous experience though working in student positions and internships as a student. MSc Economics graduates usually work in finance, taxes, banking and consulting and ofcourse there are PhD opportunities after the Masters.
Total Monthly ExpenseEuro 1200
Prepping time for classes10 hours/Week
Expected Annual SalaryEuro 45000
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Master of Science in Finance and Insurance Mathematics at LMU Munich Highlights
Master of Science in Finance and Insurance Mathematics
at LMU Munich
- Master of Science in Finance and Insurance Mathematics is offered by Ludwig Maximilians University Munich
Master of Science in Finance and Insurance Mathematics at LMU Munich Scholarships
Master of Science in Finance and Insurance Mathematics
at LMU Munich
Scholarship information is not available. You can apply to non-college specific scholarships available for
Germany.
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Master of Science in Finance and Insurance Mathematics at LMU Munich Contact Information
Master of Science in Finance and Insurance Mathematics
at LMU Munich
Address
Geschwister-Scholl-Platz 1
80539 Munich
Germany
Munich ( Other - Germany)
Phone
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