Ac­tu­ar­ial and Fi­nan­cial Math­e­mat­ics (M.​Sc.)

To graduate from the Master’s degree programme, students are required to earn a total of 120 credits as defined by the European Credit Transfer System (ECTS). Of these, at least 102 credits and at most 105 credits shall be from graded assignments. In the mandatory section of the programme, students must acquire at least 66  credits. As a rule, students are required to earn 30 credits per semester.

The M.Sc. programme is divided into the following blocks:

• Tools and Techniques of Financial and Actuarial Mathematics (19.5 credits)
• Stochastic Methods (13.5 credits)
• Lecture Courses (interdisciplinary) (27–30 credits)
• Seminars and Master's Thesis (42 credits)
• Freely selectable modules (15–18 credits)

To sharpen their personal academic profiles, students can select lecture courses in the fields of mathematics, business science and computer science according to their individual interests.

• A Bachelor’s degree from a German university or an equivalent qualification from a foreign university in mathematics or a related field. Applicants should be able to demonstrate a level of knowledge and competence that corresponds to that acquired in the Bachelor’s degree programme Actuarial and Financial Mathematics taught at Saarland University.
• Proof of advanced proficiency in English (typically level C1 of the Common European Framework of Reference for Languages)
• Evidence of the applicant’s particular interest in the subject can be provided in the form of a personal statement written by the applicant and two letters of recommendation written by referees who know the applicant academically.

Students have the opportunity to spend part of the programme studying abroad. Information on study abroad opportunities, exchange programmes, scholarships and administrative formalities is available from Saarland University's International Office or from the relevant departmental or subject representative. As foreign host universities and scholarship-awarding bodies often have early application deadlines and long application processing times, study abroad applications should normally be submitted to the Examinations Office one year before the planned start date.

Graduates from the programme are able to think analytically, independently propose solutions to complex problems of practical relevance and implement these solutions using computer-aided methodologies. They are thus well qualified to take up professional positions that require the deployment of advanced analytical and quantitative skills. Areas of employment include: the insurance industry, the financial sector, management consultancy work, IT companies and research institutions in the private and public sectors. Students who successfully complete the Master's programme are also well prepared to begin doctoral research work.

Regulations

• Study regulations
• Examination regulations
• Subject-specific regulations

Programme content

• Module catalogue
• Study plan, option 1
• Study plan, option 2