In the Bachelor’s Programme “Finanz- und Versicherungsmathematik” (hereafter: Financial and Actuarial Mathematics), you learn how to apply mathematical methods specifically to problems in finance and insurance. You develop and analyse complex models using statistics and probability theory. For example, for analysing financial markets, developing hedging strategies and trading algorithms; calculating risks in life, pension and property insurance; or modelling natural catastrophes. Together with the Master’s Programme in Financial and Actuarial Mathematics, the programme covers the theoretical part of the Austrian actuarial training. TU Wien is the only university in Austria to offer the complete actuarial training program.

The programme builds on the following core subjects:

  • Analysis
  • Linear Algebra and Geometry
  • Numerical Mathematics and Programming
  • Statistics and Probability Theory
  • Life, Personal, and Property Insurance Mathematics
  • Risk Management and Financial Mathematics
  • Insurance Law and Accounting

Degree programme codeUE 033 205 - Bachelor's Programme Financial and Actuarial Mathematics
Related fields of study UE 033 201 - Bachelor's Programme Technical Mathematics
UE 033 203 - Bachelor's Programme Statistics and Mathematical Methods in Economics
Duration of the degree programme6 semesters
Credits180 ECTS
Language of instruction German
DegreeBachelor of Science (BSc)
Recommended semester plan Financial and Actuarial Mathematics, opens an external URL in a new window
Key Facts and Related Fields of Study 

Programme-PRe-Phase

There is no selection procedure for the Bachelor's degree programmes in Technical Mathematics. Instead, before being admitted, you must engage with the contents of the programme as part of the so-called Study Preparation and Reflection Phase (Programme-PRe-Phase).

Self-Assessment

To help you assess your skills, we provide a self-assessment, opens an external URL in a new window. The included tests and questionnaires offer a structured overview of the skills and requirements considered essential for successful studies at TU Wien. The self-assessment is voluntary and serves as a guide to help you evaluate whether the chosen degree programme is a good fit for you.

Further Information

You should enjoy mathematics and have an interest in applying it to complex economic problems. It is helpful if you are scientifically curious, a teamplayer, and are willing to independently explore new subject areas. Most importantly, however, you should genuinely like mathematics, enjoy understanding challenging concepts, constructing proofs, and thinking in a logical and abstract way.

Graduates of the Financial and Actuarial Mathematics program have a strong foundation in mathematics and are experienced in analysing, modeling, and assessing risks. A typical career path leads to becoming an actuary - a mathematician specializing in risk analysis - working for insurance companies, pension funds, financial service providers, or consulting firms, where actuaries are in high demand and well compensated. TU Wien is the only university in Austria that offers the complete theoretical education required for actuarial qualification.

Many graduates also work in financial mathematics, for example in risk management at banks, investment firms, hedge funds, or management consultancies. In these roles, they deal with the valuation of complex financial products, the analysis of derivatives, portfolio optimization, and the development of new models for managing market risks.

Current job openings can be found at: https://fam.tuwien.ac.at/jobs/, opens an external URL in a new window

At TU Wien, you can choose one of the following master's programmes for specialisation after completing your Bachelor's Programme Financial and Actuarial Mathematics:

Admission to the following degree programmes is also possible, but additional exams may be required:

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Why study Financial and Actuarial Mathematics? Professors explain!