Financial and Insurance Mathematics
Ludwig-Maximilians-Universität München offers this 24-month English-taught master's in Natural Sciences in Munich, ranked #59 by QS World 2025.
What it takes to get in
Entry bar: open entry. Driven by specific prior degree.
- English requirement
- No formal language proficiency tests are required. All compulsory and almost all elective courses are held in English. Therefore, a good command of the English language is strongly advised.
- Prior degree
- have successfully completed a bachelor degree in Mathematics or Business Mathematics at a volume of 180 ECTS at a German university, or alternatively, hold a bachelor study program in another field or international university that features an integrated mathematics education at a profound mathematical level comparable to our: BSc Business Mathematics study program, or BSc Mathematics study program
- Accepted degrees
- MathematicsBusiness MathematicsStatisticsPhysics
What it costs
Plan for roughly €21k–€24k per year all-in as a Non-EU student — tuition plus a normal Munich student life.
Living in Munich →
What you'll study
120 ECTS over 24 months — core foundations, then a track of your choice, then a thesis.
Tracks
Where graduates end up
What graduates of this programme tend to do — and where they end up working.
Common career paths
Rankings
- QS World 2025#59
- QS — Law 2025#42
- QS — Medicine 2025#46
- QS — Computer Science 2025#92
- QS — Business 2025#172
Visa & life in Germany
The practical stuff — what's allowed, what's funded, what to expect after you graduate.
- Student visa
- Non-EU students need a national (D) visa plus a residence permit after arrival; proof of finances (blocked account, ~€11,900/yr) is the main requirement. EU students just register locally (Anmeldung).
- Post-study work
- 18-month job-seeker residence permit after graduation — you can work without restriction while searching for a position matching your qualification.
- Tuition
- Public universities charge no tuition for most programmes — just a semester contribution of €150–€400. Exceptions: Baden-Württemberg (€1,500/semester for non-EU) and some TUM professional master's.
- Scholarships
- DAAD scholarships for international students, Deutschlandstipendium (€300/month, merit-based), plus Erasmus+ for EU mobility.
About Ludwig-Maximilians-Universität München
Worth comparing
Same field, similar entry tier. Most applicants apply to 3–5.
Common questions
Is Financial and Insurance Mathematics at Ludwig-Maximilians-Universität München taught in English?
Yes — the programme is taught entirely in English.
How much does Financial and Insurance Mathematics at Ludwig-Maximilians-Universität München cost?
There are no tuition fees for this programme — you'll only pay living costs and any semester contribution.
What is the acceptance rate at Ludwig-Maximilians-Universität München?
Not published. Most European public universities don't release acceptance rates — admission is requirements-based, so if you meet the stated requirements your application gets a full review rather than competing against a fixed quota. Based on the published requirements (specific prior degree), the entry bar here is low — effectively open entry if you meet the formal requirements.
Do I need GRE or GMAT scores?
No — GRE and GMAT scores are not required for this programme.
Can I work in Germany after graduating?
Yes. Germany grants graduates of German universities an 18-month residence permit to look for work matching their qualification, and you can work without restriction during the search period.
Is Ludwig-Maximilians-Universität München good for Natural Sciences?
Ludwig-Maximilians-Universität München ranks #42 in Law (QS 2025).
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