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Actuarial Mathematics, M.Sc.

  • Application Deadline
  • 24 months
    Duration
In the Actuarial Mathematics programme at University of Copenhagen, you will cultivate an exciting interdisciplinary body of knowledge in mathematics, finance, insurance economics, accounting, law, probability, and statistics. 

About

Actuarial mathematics is immediately relevant to modern society where security cannot be taken for granted.

You should pursue an MSc in Actuarial Mathematics if you enjoy working with numbers. You will, among other things, be engaged in addressing various types of damage insurance, life insurance, insurance economics, insurance accounting and insurance law. 

The Actuarial Mathematics programme at University of Copenhagen embodies a combination of numbers, law and human welfare.

A large majority of people in modern society have a pension or insurance policy that secures their everyday life and welfare into and through retirement. Actuarial Mathematics is an indispensable field of study with regards to modern society, where a secure future cannot be taken for granted.

Career Opportunities

As an actuarial mathematician you could be hired to work for:

  • insurance companies
  • banks
  • other types of financial institutions
  • consultancy firms

Your work will be to solve statistical problems and deal with risk theory in relation to various types of insurance. Additionally, you can gain employment in public administration or within higher education.

Programme Structure

Courses include:

  • Stochastic Processes in Non-Life Insurance
  • Quantitative Risk Management
  • Stochastic Processes in Life Insurance
  • Continuous Time Finance
  • Topics in Life Insurance
  • Topics in Non-Life Insurance

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Credits
    120 ECTS
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS
  • Minimum required score:

    83

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    560

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®

Academic Requirements

  • This programme does not recognise GRE® scores.

    The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. The GRE® General Test contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.

General Requirements

  • If you have completed a Bachelor’s degree or are enrolled in the final semester of a Bachelor’s programme you are eligible to apply for the Master’s programme in Actuarial Mathematics.

Applicants with a related Bachelor’s degree in the following:

  • Computer Science, Physics or Chemistry from the University of Copenhagen or other Danish or international universities
  • Mathematics or Mathematics-Economics from Danish or international universities

Tuition Fee

  • International

    10724 EUR/year
    Tuition Fee
    Based on the original amount of 5362 EUR per semester and a duration of 24 months.
  • EU/EEA

    Free
    Tuition Fee
    Based on the original amount of 0 EUR per semester and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Tuition fee: DKK 40,000 per semester

Living costs for Copenhagen

  • 7928 - 13460 DKK/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Actuarial Mathematics
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