Actuarial Science and Mathematical Finance, M.Sc. | University of Amsterdam | Amsterdam, Netherlands
M.Sc. On Campus

Actuarial Science and Mathematical Finance

12 months
16500 EUR/year
2314 EUR/year
Tuition fee
Apply date
Start date


In the MSc Actuarial Science and Mathematical Finance you learn about financial and mathematical analysis of complex risk management and insurance topics. If your mind is on mathematics and finance and if you would like to help companies gain insight into the financial consequences of risks, this programme could be for you.


In this Master's programme, you choose one of the tracks. You will experience a combination of general courses and track-specific courses.

  • Actuarial Science

    The Actuarial Science track provides you with an excellent grounding for your career as an actuary or risk manager. This track offers ample space for electives that can be selected to meet the entry requirements of the post-Master's Actuarial Practice Cycle. With this post-Master's, you will qualify for membership of the Royal Dutch Actuarial Society.

  • Quantitative Risk Management

    The Quantitative Risk Management track provides an excellent grounding for your career as a risk manager. If you choose this track, you will develop a slightly broader foundation in Actuarial Science and Mathematical Finance, featuring 2 extra required courses.

Programme Structure

Courses include:

  • Asset Liability Management - Cases and Skills
  • Financial Mathematics for Insurance
  • Non-Life Insurance: Statistical Techniques and Data Analytics
  • Principles of the Mathematics and Economics of Risk
  • Risk Management for Insurers and Pensions
  • Stochastic Calculus
+ Track specific courses

Key information


  • Full-time
    • 12 months

Start dates & application deadlines




On Campus

Academic requirements

GRE admission requirements GRE®
155 (quantitative)
GMAT admission requirements GMAT
640 (recommended)

Meeting the entry requirements alone is not a guarantee for admission. Besides the entry requirements you need to meet the selection criteria. This means that your application will be compared with other applicants. The selection is based on your GPA, GRE (GMAT) score, and motivation letter. 

We are looking for students who have academic potential to keep up with the high level and workload.

One of the criteria on which your application will be assessed is the Grade Point Average (GPA). We do not require a specific minimum GPA for this programme, but we will compare and assess the performance on all selection criteria to make an informed decision regarding placement into the programme.

Other requirements

General requirements

  • If you want to apply for this Master’s programme, you need to hold an academic Bachelor's or Master’s degree in a field that ensures a high level of mathematical proficiency (e.g. Mathematics, Physics or Econometrics), particularly in the fields of calculus, linear algebra, statistics and probability. Additionally, you need to be familiar with the following topics: Linear regression models, Mathematical and empirical finance, Actuarial science, in particular risk theory and elementary life insurance
  • In your application, you have to verify your English proficiency. You can do this by providing English proficiency test scores
  • Verify your GRE scores

Tuition Fee

To alway see correct tuition fees
  • International

    16500 EUR/year
    Tuition Fee
    Based on the tuition of 16500 EUR per year during 12 months.
  • EU/EEA

    2314 EUR/year
    Tuition Fee
    Based on the tuition of 2314 EUR per year during 12 months.

Living costs for Amsterdam

1000 - 1500 EUR /month
Living costs

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


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.

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Actuarial Science and Mathematical Finance
University of Amsterdam
Actuarial Science and Mathematical Finance
University of Amsterdam


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