Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
4.2 /5
- Public University
Department of Mathematics
Talk to ExpertMaster of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Overview
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
Technical University of Munich offers Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English) to Indian students. It is university's flagship course. The duration of the course at the university is 2 years. While choosing this university, students must pay the tuition fee and living expenses required. To pursue this course, students will have to pay annual tuition fee of EUR 12,000. In addition, students will have to bear the living expenses, including housing, food, transportation, books and supplies, and other miscellaneous expenses. Indian students must appear for the following exams and obtain the minimum scores required: IELTS, TOEFL and PTE
Duration | 2 years Get Curriculum |
Tuition & Fees | ₹12.56 Lakh Get Fees details |
International Students Admission Website | Go to Website  |
Official Career Service Website | Go to Website |
Course Level | PG Degree |
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
Table of content
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Fees
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
The fee breakup of the Technical University of Munich Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English) includes the first-year tuition fee and cost of living. The cost of living will include expenses like rent for accommodation, meals, and other utilities. The first-year tuition fees Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English) is EUR 12,000. Students must note that the total expenses are subject to vary, depending on the additional charges set by the Technical University of Munich. Students can check the table given below to know more about Technical University of Munich Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English) fee breakup.
1st year tuition fees | Fees components | Amount (for 1 year) |
|---|---|
| Tuition & fees | INR 12,56,400 |
Other expenses in 1st Year | Fees components | Amount (for 1 year) |
|---|---|
| Insurance | INR 1,15,170 |
| Mandatory Fees | INR 62,820 |
Calculated at the exchange rate of 1 Euro = INR 104.7 | Tuition & expenses were last updated on 15ᵗʰ September 2025Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Curriculum
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
For detailed information regarding the Technical University of Munich program at Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English), click on the green button below. The curriculum PDF provides all important information students may need to know related to the course including subjects taught, available electives and other course-related content. The PDF also provides a semester-wise breakup of the overall course structure.
Download exam sample paper
IELTS
IELTS
TOEFL
PTE
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Entry Requirements
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
Requirements for 12th grade
- No specific cutoff mentioned
Graduation
- No specific cutoff mentioned
- Read less
- The minimum requirements to apply for a Master’s program at TUM are a recognized undergraduate degree (e.g. a Bachelor’s) and the successful completion of the aptitude assessment procedure
-
To be accepted to the TUM Master’s Program "Mathematical Finance and Actuarial Science", applicants must have a qualified university degree in
- mathematics or
- a comparable mathematics-based degree program (this does not include business administration!) that does not differ significantly in terms of the competencies acquired in the aforementioned bachelor's degree programs at TUM
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GPA
Percentage
CGPA
Out of 10
3 year degree accepted
- N/A
- Applicant need an undergraduate degree which is at least equal to a German bachelor's degree with a duration of 3 years (6 semester) to be eligible to apply for a master's program
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Convert your CGPA to GPA
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GPA
Percentage
CGPA
Out of 10
TOEFL
- Marks - 88/120
-
Register for TOEFL iBT® Test Today and get Rs 500 Off. Use code SHIKTOEFL to avail the discount. Hurry Register now for TOEFL
-
PTE
- Marks - 65/90
- NA
IELTS
- Marks - 6.5/9
- Get a Full FREE IELTS Prep Course with Shiksha Study Abroad – Limited Seats for Weekend & Weekday Batches! Register now for IELTS
Other eligibility criteria
- Selection takes place through an aptitude assessment procedure. The aptitude assessment is a two-part procedure after the submission of an official application to a program. In this procedure, the TUM school determines whether students meet the specific requirements for its Master’s degree program
- In the initial stages, the grades students obtained during their Bachelor’s program, as well as 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
Conditional Offer
- No
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Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Rankings
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
University Ranking
| Rank | Rank Publisher |
|---|---|
| #11 | |
| #26 | |
| #45 |
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Placements
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
| Particulars | Statistics (2025) |
|---|---|
| Internship Available | Yes |
Technical University of MunichStudents Ratings & Reviews
4.2/5
40 Verified ReviewsStudent Views (Based on Reviews)
- 56% students never faced discrimination in this university
Vibe of Campus
Academically oriented
Multi-dimensional
Friendly
Stressful
Internships4.2
Part time work4.1
Post study jobs4.1
Quality of faculty4.4
Student Life4.3
Value for money4.4
Public transportation4.6
Safety4.8
Indian Food3.6
Permanent Immigration3.9
Vijay Akula
Master of Science in Communications and Electronics Engineering - Batch of 2026
Offered by Technical University of Munich
4.5
TUM: Where education meets exploration.
Tips: Know about the course curriculum that you are enrolling in. The studies at TUM are comparatively tough but with good preparation and effort you can manage successfully. Make sure to understand the mandatory courses and credit requirements that must be completed within the given timeframe.
Total Monthly ExpenseEuro 800
Prepping time for classes25 hours/Week
Expected Annual SalaryEuro 60000
A
Anonymous
Master of Science (M.Sc.) in Biology - Batch of 2025
Offered by Technical University of Munich
4.5
An inclusive and engaging learning environment.
Tips: The transition was not easy initially but I adapted myself really well within the next few months. Right from the change of food, weather, to even teaching methodology and the way they asked questions in the exam. I did not pay any tuition fees except the student union fees, which were around 75 euros.
Likes (Quality of faculty): The faculty are very accessible and friendly. We are encouraged to share our inputs freely. Regarding the teaching methodology that I find the most unique is the way the faculty involves everyone in the discussion. In terms of nationality, it is very diverse.
Dislikes (Indian Food): Being a vegetarian I was a little sceptical but there are lots of restaurants, cafes and bakeries around the university. I prefer cooking myself. But at the same time, you get to taste the best pretzels, Berliners and croissants. It's a blend of unique and traditional cooking that one gets to see in Germany.
Total Monthly ExpenseEuro 934
Prepping time for classes33 hours/Week
Expected Annual SalaryEuro
A
Anonymous
MSc in Environmental Engineering - Batch of 2027
Offered by Technical University of Munich
5
It’s one of the best university to study in Germany. Also it’s Industry and research oriented.
Tips: Students should first have clarity about choosing their field of study and register for required courses at the earliest so as to get a fixed place, and one of the major things they should do is look for accommodation well in advance. Better to learn a basic level of German or to register for a language course very well in advance, as it's very competitive to get a fixed place.
Likes (Student Life): Student life is on point, we can concentrate on academics and we have a student union which facilitates us to participate in extra-curricular activities as well. So you can enjoy your student life completely and have some opportunity to be part of student perks as tickets for movies, travel everything will be on concession.
Dislikes (Safety): Professors come down themselves to take the classes which is super beneficial as some of them are like veterans in their field of study and one best thing is we have a platform called Moodle where lecturer uploads everything before the class. Some of the courses also have practical experience, so it's one of the good things.
Total Monthly ExpenseEuro 950
Prepping time for classes12 hours/Week
Expected Annual SalaryEuro 60525
Anam Parveen
Master of Science (M.Sc.) in Biology - Batch of 2026
Offered by Technical University of Munich
4
Build connections, set boundaries, and maintain a balance in your work.
Tips: Be friendly and communicate well. Build connections, set boundaries and maintain a balance in your work. Recognise your accomplishments and work honestly, without trying to please everyone.
Likes (Public transportation): Public transportation is well connected from student dorms and the university on weekdays from 7 am to 10 pm in Freising. The Munich campus has better connectivity. In Freising the main modes of transport are buses while in Munich it's Regional trains or S Bahn. Munich also has good U Bahn and tram connectivity. Public transport is affordable, but it often experiences delays.
Dislikes (Part time work): The number of campus jobs is limited, making it somewhat challenging, especially initially. However, it improves over time as you learn the best approach. Besides off campus jobs, such as odd jobs, most require German language skills; if you have an A2 level, many opportunities exist. The average pay for part time work is around 15 to 16 euros/hour for on campus positions and 12.50 to 15 euros/hour for odd jobs.
Total Monthly ExpenseEuro 800
Prepping time for classes10 hours/Week
Expected Annual SalaryEuro 40075
S
Shrey Agarwal
M.Sc. in Sustainable Resource Management - Batch of 2026
Offered by Technical University of Munich
3.9
Punctuality is highly valued. Securing jobs and internships can be difficult.
Tips:
Winters can be challenging consider supplements, socialise and get outside. Summers are wonderful; make the most of them. Be dedicated and proactive as you won't be spoon-fed. Learn the local language it's incredibly helpful. Learn to cook. Don't be afraid to connect with people; friends are invaluable. Maintain good hygiene and be tidy; there are no excuses for messiness. Punctuality is highly valued. While securing jobs and internships can be difficult, it's not impossible. Respect the new culture and integrate well – avoid littering, excessive talking, rudeness, and discrimination. The studies are not difficult, but you need to determine what to focus on. Participate in as many projects as possible and genuinely care about your work, and pursue hobbies.
Likes (Public transportation):
The public transportation network is huge, well-connected, and regular. Trains run late sometimes, but buses are very frequent, except on Sundays and you can reach most places. Touristy routes tend to be very crowded, especially on weekends. Get a bike and use it; it's the best commuting option.
Dislikes (Indian Food): Indian Food in general is not the most delicious, especially the affordable options. You need to go for expensive options. Indian grocery stores are also quite expensive, but worth it for some items. Other cuisines are cheaper but not always tasty. Try to cook at home and eat out 2-3 times a month.
Total Monthly ExpenseEuro 650
Prepping time for classes5 hours/Week
Expected Annual SalaryEuro 40000
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Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Highlights
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
- Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science (In German or English) is offered by Department of Mathematics under Technical University of Munich, Germany.
This a Masters level program of a course duration of 2 Years.
Download the brochure to read more details of this course.
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Scholarships
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
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About the author
A tech enthusiast, Kartik has graduated with a Bachelor of Computer Application from the IMS Ghaziabad 2023 batch. Kartik loves to learn about Cybersecurity and Cybercrime. Also, his hobbies are such as traveling, trekking, cooking, and more. Moreove...Read Full Bio
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Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science at TUM Munich Contact Information
Master of Science (M.Sc.) in Mathematical Finance and Actuarial Science
at TUM Munich
Address
Technical University of Munich
Arcis street 21, D-80333 Munich, Germany
Munich ( Other - Germany)
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