International Programmes 2021/2022

Actuarial and Financial Mathematics Actuarial and Financial Mathematics

Technische Universität Kaiserslautern • Kaiserslautern

Degree
MSc
Teaching language
  • English
Languages

The programme is completely in English. Additional courses taught in German are available. Interested students can practice their German language skills.

Programme duration
4 semesters
Beginning
Winter and summer semester
Application deadline

Winter semester: 30 April
(Early bird admission: 15 November)
Summer semester: 31 October

Tuition fees per semester in EUR
None
Combined Master's degree / PhD programme
Yes
Joint degree / double degree programme
No
Description/content

Within the field of mathematics, the study programme focuses on financial mathematics, actuarial sciences, statistics, and computational methods. Lectures in the mentioned fields are accompanied by seminars, reading courses, and project seminars. In addition, the participants take modules like Insurance Economics, Economics of Banking, Dynamics of Financial Markets.

Course organisation

The research-oriented study programme contains practical training in real-world problems. The last semester is reserved for the Master's thesis.

Types of assessment

Oral examinations

A Diploma supplement will be issued
Yes
International elements
  • International guest lecturers
  • Specialist literature in other languages
  • Language training provided
  • Training in intercultural skills
  • Projects with partners in Germany and abroad
  • International comparisons and thematic reference to the international context
Course-specific, integrated German language courses
Yes
Course-specific, integrated English language courses
No
The course of study can be taken entirely online
No
Digital learning and teaching modules
  • Virtual classrooms
  • Video learning
  • Chats with lecturers
Description of e-learning elements

Additional materials are provided via an online platform. For some lectures the content of the whole lecture is available entirely online.

Participation in the e-learning course elements is compulsory
No
Can ECTS points be acquired by taking the online programmes?
No
Can the e-learning elements be taken without signing up for the course of study?
No
Tuition fees per semester in EUR
None
Semester contribution

Enrolment fee: approx. 240 EUR per semester, includes e.g. free transport in the area around Kaiserslautern (up to 100 km), more than 50 free university sports courses, and more.

Assessment fee: 60 EUR single payment for verification of foreign certificates (you will get an invoice after submitting your application).

Recommended: German Language & Orientation Course for international Master's students: 750 EUR single payment

Costs of living

High standard of living at low cost
Monthly costs: in total approx. 800 EUR to cover all personal expenses, e.g. accommodation: approx. 300 EUR; health insurance: approx. 100 EUR; food: approx. 250 EUR

Cost of living - a snapshot of regional prices:
- Meal in refectory: 2.40 EUR
- Loaf of bread: 1.50 EUR
- Orange juice (1 litre): 1 EUR
- Rice (1kg): 0.90 EUR

Funding opportunities within the university
No
Academic admission requirements

Applicants have to hold a qualified BSc degree in Mathematics or Economathematics (equivalent to the correspondent study programmes in Kaiserslautern). Profound knowledge in probability theory and stochastic is required.

Language requirements

Profound knowledge of the English language (e.g., TOEFL 550 paper-based/ 213 computer-based /80 internet-based)

Application deadline

Winter semester: 30 April
(Early bird admission: 15 November)
Summer semester: 31 October

Submit application to

Graduate School "Mathematics as a Key Technology"
Department of Mathematics
Technische Universität Kaiserslautern
Gottlieb-Daimler-Str. 47
67663 Kaiserslautern
Germany

www.mathematik.uni-kl.de/mathint

Possibility of finding part-time employment

Student assistant jobs are available on a competitive basis at the university, the partner institutes of the Science & Innovation Alliance Kaiserslautern (including DFKI, Max Planck, Fraunhofer, etc.) or at nearby industry companies (John Deere, Daimler, BASF etc.) Excellent students have good chances of finding jobs in research projects, but these are not usually granted in advance. Support in finding a job as a student assistant is available through the Department of International Affairs: ISGS.

Accommodation

The majority of our students live in residence halls located on or close to campus. Unlike in other countries, German dormitories are not owned or operated by the university but by external institutions. The "Studierendenwerk" operates several large halls of residence in Kaiserslautern. Students submit housing applications directly to the Studierendenwerk; typically there is a waiting period for rooms. For international Master's or PhD students, the Department of International Affairs: ISGS at TU Kaiserslautern aims at arranging accommodation in these residence halls or in private accommodation within its pre-arrival service. The halls of residence have modern single, double or shared apartments with kitchenette, bathroom/WC, and modern facilities as well as internet access.

  • Fully-furnished:
    • Kitchenette (no plates & pots, etc.)
    • Bed & mattress (no blankets & pillows)
    • Wardrobe
    • Shelf, table, chair (no computer)
  • Rent: 250-350 EUR

Since accommodation is not automatically guaranteed with admission, a request for accommodation to ISGS is advisable.

www.uni-kl.de/international/master/prospective-students/travel-accommodation/accommodation/

Career advisory service

On an individual basis

Specific specialist or non-specialist support for international students and doctoral candidates
  • Welcome event
  • Buddy programme
  • Tutors
  • Accompanying programme
  • Specialist counselling
  • Cultural and linguistic preparation
  • Visa matters

Technische Universität Kaiserslautern

University location