Universities / TU Wien
MSc Financial and Actuarial Mathematics (TU Wien FAM)
A theory-heavy master's with a small mandatory core and a large elective space, split between financial and actuarial specialisations. Notable as the only Austrian university offering a full theoretical actuarial education.
What you’ll study
Core
- Core Financial and Actuarial Mathematics (25 ECTS: advanced financial mathematics, risk and ruin theory, stochastic control)
- Master's thesis (semester 4)
Electives
- Financial mathematics specialisation (interest rate and credit risk models)
- Actuarial mathematics specialisation (life insurance mathematics, statistical methods in insurance, actuarial modelling)
Source: tuwien.at ↗
Before you apply
- Background
- Eligible bachelor's degree; consecutive admission without extras from TU Wien Technical Mathematics, Statistics and Mathematics in Economics/Finance/Actuarial Mathematics, Technical Physics; supplementary exams up to 30 ECTS possible
- Other
- Applications winter semester 7 Jul–31 Oct; summer semester 7 Jan–31 Mar
Source: tuwien.at ↗
After graduation
- Typical first roles
- Actuary at insurers, pension funds, consultancies, Risk management, banking, investment firms, hedge funds, management consulting
Source: tuwien.at ↗
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Specific course names not extracted (curriculum PDF unreadable). Curriculum 2025 PDF: https://www.tuwien.at/fileadmin/Assets/dienstleister/studienabteilung/MSc-Studienplaene_2025/Masterstudium_Financial_and_Actuarial_Mathematics_2025.pdf
Checked 6 November 2026 against the sources linked on this page. Fees, units and requirements change each year, so confirm them on the programme’s website before applying.
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