Actuarial Science, Master | Institute of Technology Bandung | Bandung, Indonesia
24 months
4458 EUR/year
Tuition fee
Apply date
Start date


Actuarial Science from Institute of Technology Bandung is to strengthen the understanding of participants in actuarial mathematics and mathematical finance. ITB is the only university in Indonesia that produces actuarial science graduates.


At Actuarial Science from Institute of Technology Bandung the business skills and mathematical analysis capabilities are integrated into the process of solving growing problems in the field of finance. So that graduates of the program are expected to not only master the actuarial mathematics but also need to know the other disciplines in which mathematics is applied and capable of using tools such as computer technology and software.

Students at Actuarial Science from Institute of Technology Bandung will have:

  • a comprehensive mastery in one area of study actuarial mathematics; 
  • the ability to identify, formulate and solve problems in actuarial mathematics or in the application of actuarial mathematics; 
  • ability to cooperate both in the field or interdisciplinary expertise; 
  • instincts in the development or application of actuarial mathematics and developed a new challenge; 
  • readiness to follow the latest developments in actuarial mathematics.

Programme Structure

Courses include:

  • Life Insurance
  • General Insurance
  • Actuarial Stochastic Processes
  • Survival Models
  • Risk Theory and Simulation
  • Health Insurance
  • Theory of Investment
  • Credibility Theory

Key information


  • Full-time
    • 24 months

Start dates & application deadlines


TOEFL admission requirements TOEFL® IBT


36 alternative credits


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

TOEFL admission requirements TOEFL® IBT

Other requirements

General requirements

  • Official Certificate/Diploma of Bachelor Program
  • Complete Official Academic Transcript for Bachelor Program starting from the first to last semester
  • Proof of health insurance ownership (not accident insurance)
  • Passport photo
  • Letter of willingness to join
  • Statement of ability to finance 
  • Statement of documents authentication 
  • Statement of Purpose 
  • Official English Proficiency certificate 
  • Recommendations from 2 (two) recommenders 
  • Pay the Registration Fee

Tuition Fee

To alway see correct tuition fees
  • International

    4458 EUR/year
    Tuition Fee
    Based on the tuition of 2229 EUR per semester during 24 months.

IDR. 35,000,000 per semester

Living costs for Bandung

5693828 - 6534414 IDR /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.

Our partners

Actuarial Science
Institute of Technology Bandung
Actuarial Science
Institute of Technology Bandung


Go to your profile page to get personalised recommendations!