Master of Science [MS] (Mathematical Finance and Actuarial Science)
Field of Study:
$13,920 /Yr
TUM MS Mathematical Finance and Actuarial Science is a 2 years Full Time Master program. This program is offered On Campus, requiring a successful completion of 120 credits. The first year fees for MS Mathematical Finance and Actuarial Science at TUM is ₹ 13.28 Lakhs (EUR 12000). Earlier in 2025, the MS Mathematical Finance and Actuarial Science Fee was ₹ 13.28 Lakhs (EUR 12000). This shows that the academic fees has remained the same.
For admission to MS Mathematical Finance and Actuarial Science at TUM, international students need IELTS 6.5, TOEFL 4.5. The Application Deadline for 2027 Summerr Semester is 01 October 2026 - 30 November 2026. For more details, check TUM Admissions 2026
According to Collegedunia Study Abroad, TUM ranked 17 out of 370 in Global Ranking.
TUM MS Mathematical Finance and Actuarial Science Total Fees 2026
The tuition fee for MS Mathematical Finance and Actuarial Science at TUM is EUR 12000 per year (₹ 13.28 Lakhs). Meanwhile, the total cost is EUR 26342/Year (₹ 29.16 Lakhs). This includes the tuition fee and other expenses such as Living Cost, Books & Supplies, Health Insurance, etc.
The tuition fee for MS Mathematical Finance and Actuarial Science at Technical University Munich is as follows:
| Expense Type | Average Cost (INR) | Equivalent (EUR) |
|---|---|---|
| Tuition Fee | ₹ 13.28 Lakhs | EUR 12000 |
The other expenses for MS Mathematical Finance and Actuarial Science at Technical University Munich is as follows:
| Expense Type | Average Cost (INR) | Equivalent (EUR) |
|---|---|---|
| Housing | ₹ 10.63 Lakhs | EUR 9600 |
| Food | ₹ 3.99 Lakhs | EUR 3600 |
| Transportation | ₹ 38,524 | EUR 348 |
| Miscellaneous Expenses | ₹ 66,420 | EUR 600 |
| Other Fees | ₹ 21,476 | EUR 194 |
| Total Cost | ₹ 15.88 Lakhs | EUR 14342 |
MS Mathematical Finance and Actuarial Science Tuition Fee Trends at TUM
TUM MS Mathematical Finance and Actuarial Science Fees for Indian students is ₹ 13.28 Lakhs (EUR 12000). This academic fee has remained the same from 2025. Candidates can check the year on year trends in TUM Fees in the table below.
| Academic Year | Tuition Fees (INR) | Tuition Fees (EUR) |
|---|---|---|
| 2026 | ₹ 13.28 Lakhs | EUR 12000 |
| 2025 | ₹ 13.28 Lakhs | EUR 12000 |
| 2024 | ₹ 13.28 Lakhs | EUR 12000 |
| 2023 | ₹ 13.28 Lakhs | EUR 12000 |
TUM MS Mathematical Finance and Actuarial Science Application Deadlines & Important Dates
The key dates for the application process for MS Mathematical Finance and Actuarial Science at TUM include:
- Application Deadline for 2026 Winter Semester (October) is 01 February 2026 - 31 May 2026
- Application Deadline for 2027 Summerr Semester is 01 October 2026 - 30 November 2026
MS Mathematical Finance and Actuarial Science at TUM Admission 2026
To be eligible for admission to MS Mathematical Finance and Actuarial Science at TUM, applicants must meet specific academic and language requirements.
- Students should have a Bachelor’s degree from a recognized university.
- Applicants with a Degree from Bangladesh, China, India, Iran, or Pakistan will have to submit a GRE (General) Test. Technical University Munich has defined required minimum scores, lower scores will not be accepted. The required scores are:
- Quantitative reasoning: 157
- Analytical writing: 3.5
- Alternatively, students can submit a scorecard of the Indian GATE test (Computer Science, for MSc CSE the Mechanical Engineering Test, will also be accepted). The minimal qualifying score of the respective year is necessary.
Applicants with a Degree from Bangladesh, China, India, Iran, or Pakistan will have to submit a GRE (General) Test. Technical University Munich has defined required minimum scores, lower scores will not be accepted!The required scores are:
- The Institution Code: 7806, Department: 5199 ("all other departments").
TUM MS Mathematical Finance and Actuarial Science Application Link
TUM MS Mathematical Finance and Actuarial Science Application Link; Apply Here
MS Mathematical Finance and Actuarial Science at TUM Admission Requirements
For admission to MS Mathematical Finance and Actuarial Science, TUM accepts TOEFL, IELTS exam. The average scores among admitted students are typically around: 4.5 in TOEFL, 6.5 in IELTS.
Also Check:Important Alert
- Application Deadline for 2027 Summerr Semester - Oct 1, 2026 - Nov 30, 2026
Tuition Fees
| Year | 1st Year Fees |
|---|---|
| Tuition Fees | $13920 (EUR 12000) |
Other Expenses
| Head | Avg Cost Per Year |
|---|---|
| Housing | $11136 (EUR 9600) |
| Food | $4176 (EUR 3600) |
Previous Year Tuition Fees
| Year | 1st Year Fees |
|---|---|
| 2025 | $13920 (EUR 12000) |
| 2024 | $13920 (EUR 12000) |
| 2023 | $13920 (EUR 12000) |
Important Dates
| Event | Application Date |
|---|---|
| Application Deadline for 2026 Winter Semester (October) | |
| Application Deadline for 2027 Summerr Semester | Oct 1, 2026 - Nov 30, 2026 |
Scores Required
Required Document List
Personal Statement (letter of motivation) using the provided form.
Analysis of Curriculum using the provided form.
Module Descriptions for listed courses in the transcript.
CV/Résumé (Europass and other formats accepted).
Bachelor’s Degree Certificate with a transcript of records (translated and notarized if not in German or English).
Proof of English Proficiency.
Passport Photo & Copy of Passport.
GRE or GATE Score (for applicants from Bangladesh, China, India, Iran, Pakistan).
Preliminary Documentation (VPD) from uni-assist (for applicants with a degree from outside the EU/EEA).
APS Certificate (for applicants from China, Vietnam, or India).
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TOP Scholarships
| Scholarship name | Award amount | Eligibility |
|---|---|---|
| International Scholarship | € 500 to € 1500 per semester | Currently enrolled undergraduates and graduates with non-German university entrance certificates based on academic merit and financial need. |
Key Resources for Your Study Abroad Journey
Scholarship Grants & Financial Aids
| Name | Scholarship Per Student | Level of Study | Type | |
|---|---|---|---|---|
| Axol Science Scholarship | Scholarship per student$ 2,320/Yr$2,000 | Level Of StudyBachelor | TypeCompany-Sponsored | |
| VueVille Future Technology Scholarship | Scholarship per student$ 1,160/Yr$1,000 | Level Of StudyBachelor | TypeMerit-Based | |
| MAWISTA Scholarship | Scholarship per student$ 7,762/Yr$6,691 | Level Of StudyBachelor | TypeEasy-to-Apply | |
| Kurt Hansen Science Scholarship | Scholarship per student$ 11,600/Yr$10,000 | Level Of StudyDoctorate | TypeNeed-Based | |
| Bharat Petroleum Scholarship | Scholarship per studentVariable Amount | Level Of StudyMaster | TypeMerit-Based |
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Comments
Found 22 Comments
The Technical University Munich (TUM) accepts both the Goethe Zertifikat B1 and the DSH exam as proof of German language proficiency for their programs.