MSc FVMa PStO 2019 Sample curriculum

Note: The following sample study plan is to be understood as a periodically updated recommendation that is compatible with the respectiv PStO. In particular, it is not guaranteed that all specified courses will always be offered for elective courses and at the specified rotation. Please check well in time (LSF) whether courses which you plan to enroll will actually take place. This sample study plan is intended to make it easier for you to plan your studies. However, it does not result in any legal obligations. The latter are regulated solely by the respective PStO.

Semester 1

ModuleEvents
Mandatory modules:
P1 Stochastic Calculus and Arbitrage Theory in Continuous Time (9 ECTS)Dept. Mathematics
  • Stochastic Calculus and Arbitrage Theory in Continuous Time
    (9 ECTS, WS)
P2 Konzepte zum Schätzen und Testen (9 ECTS)Dept. Statistics
  • Statistical Inference
    (9 ECTS, WS see here)
Dept. Mathematics
  • Mathematical Statistics
    (9 ECTS, SS)
P3 Mathematical Seminar A (3 ECTS)Dept. Mathematics
  • Seminar of the Master Mathematics study program
    (3 ECTS, WS/SS)
Choose 9 ECTS of the following Block 1 of elective modules:
WP1 Financial Mathematics (3 ECTS)Dept. Mathematics
  • Schadenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Personenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Modellierung und Enterprise Risk Management
    (3 ECTS, WS every 2 years see here)
WP2 Actuarial Mathematics A (3 ECTS)Dept. Mathematics:
  • Schadenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Personenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Modellierung und Enterprise Risk Management
    (3 ECTS, WS every 2 years see here)
WP3 Elective Topics in Business Administration (Theory) I
(6 ECTS)
Dept. BA/BWL (see also here)
  • Insurance Economics
    (6 ECTS, WS/SS see here)
  • Electronic Markets
    (6 ECTS, WS see here)
  • Quantitative Finance
    (6 ECTS, SS see here)
  • Accounting Theory
    (6 ECTS, WS see here)
  • See also other offerings of Dept. BA/BWL in this module.
WP4 Finance and Insurance (9 ECTS)Dept. BA/BWL (see also here)
  • Advanced Risk Management
    (9 ECTS, WS see here)
WP5 Microeconomics (6 ECTS)Dept. Econ/VWL
  • Microeconomics
    (6 ECTS, WS see here)
WP6 Macroeconomics (6 ETCS)Dept. Econ/VWL
  • Macroeconomics
    (6 ECTS, WS see here)
WP7 Econometrics (6 ECTS)Dept. Econ/VWL
  • Econometrics
    (6 ECTS, WS see here)

Semester 2

ModuleEvents
Mandatory modules:
P4 Numerical Methods in Financial Mathematics
(9 ECTS)
Dept. Mathematics
  • Numerical Methods in Financial Mathematics
    (9 ECTS, SS)
P5 Statistical Models for Financial Mathematics
(6 ECTS)
Dept. Statistics
  • Optimization
    (6 ECTS, WS see here)
  • Deep Learning
    (6 ECTS, SS see here)
  • Decision Theory
    (6 ECTS, SS see here)
  • Econometric Theory
    (6 ECTS, SS see here)
  • Supervised Learning
    (6 ECTS, WS/SS see here)
  • Causal Inference (in Econometrics)
    (6 ECTS, WS see here)
Choose 9 ECTS of the following Block 2 of elective modules:
WP8 Quantitative Risk Management (9 ETCS)Dept. Mathematics
  • Quantitative Risk Management
    (9 ECTS, SS)
WP9 Fixed Income Markets and Credit Derivatives (9 ECTS)Dept. Mathematics
  • Fixed Income Markets and Credit Derivatives
    (9 ECTS, SS)
Choose 6 ECTS of the following Block 3 of elective modules:
WP10 Finance and Insurance I (6 ECTS)Dept. BA/BWL (see also here)
  • Insurance Economics
    (6 ECTS, SS see here)
  • Quantitative Finance
    (6 ECTS, SS see here)
WP11 Advanced Topics in Statistics (6 ECTS)Dept. Statistics
  • Optimization
    (6 ECTS, WS see here)
  • Deep Learning
    (6 ECTS, SS see here)
  • Decision Theory
    (6 ECTS, SS see here)
  • Econometric Theory
    (6 ECTS, SS see here)
  • Supervised Learning
    (6 ECTS, WS/SS see here)
  • Causal Inference (in Econometrics)
    (6 ECTS, WS see here)
WP12 Advanced Topics in Computer Science
(6 ECTS)
Dept. Informatics
  • Big Data Management and Analytics
    (6 ECTS, WS see here)
  • Deep Learning and Artificial Intelligence
    (6 ECTS, WS see here)
  • Grid und Cloud Computing
    (6 ECTS, WS see here)
  • Informationsvisualisierung
    (6 ECTS, WS see here)

Semester 3

ModuleEvents
Mandatory modules:
P6 Internship (6 ECTS)See "Internship" on Master Financial and Insurance Mathematics.
Choose 24 ECTS of the following Block 4 of elective modules as well as of Block 1 and 3 but at least 9 ECTS from modules WP12-19:
WP13 Advanced Topics in Mathematics A
(9 ECTS)
Dept. Mathematics
  • Lectures of the Master Mathematics study program
    (9 ECTS, WS/SS)
WP14 Advanced Topics in Mathematics B
(6 ECTS)
Dept. Mathematics
  • Lectures of the Master Mathematics study program
    (6 ECTS, WS/SS)
WP15 Advanced Topics in Financial Mathematics A
(9 ETCS)
Dept. Mathematics
  • Quantitative Risk Management
    (9 ECTS, SS)
  • Fixed Income Markets and Credit Derivatives
    (9 ECTS, SS)
WP16 Advanced Topics in Financial Mathematics B (6 ECTS)Dept. Mathematics
  • Convex Stochastic Optimization
    (6 ECTS, WS)
WP17 Advanced Topics in Financial Mathematics C
(3 ECTS)
Dept. Mathematics
  • quantLab Workshops
    (3 ECTS, WS/SS)
WP18 Mathematisches Seminar B (3 ECTS)Dept. Mathematics
  • Seminar of the Master Mathematics study program.
    (3 ECTS, WS/SS)
WP19 Actuarial Mathematics B (3 ECTS)Dept. Mathematics
  • Schadenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Personenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Modellierung und Enterprise Risk Management
    (3 ECTS, WS every 2 years see here)
WP20 Actuarial Mathematics C (3 ECTS)Dept. Mathematics
  • Schadenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Personenversicherungsmathematik
    (3 ECTS, WS every 2 years see here)
  • Modellierung und Enterprise Risk Management
    (3 ECTS, WS every 2 years see here)
WP21 Mathematische Statistik (9 ECTS)Dept. Mathematics
  • Mathematics Satistics
    (9 ECTS, SS)
  • Mathematical and Statistical Foundations of Machine Learning and its Applications
    (9 ECTS, irregular)
WP22 Ausgewählte Gebiete der Wirtschaftsstatistik A (6 ECTS)Dept. Statistics
  • Optimization
    (6 ECTS, WS see here)
  • Deep Learning
    (6 ECTS, SS see here)
  • Decision Theory
    (6 ECTS, SS see here)
  • Econometric Theory
    (6 ECTS, SS see here)
  • Supervised Learning
    (6 ECTS, WS/SS see here)
  • Causal Inference (in Econometrics)
    (6 ECTS, WS see here)
WP23 Advanced Topics in Computer and Data Science A (9 ECTS)Dept. Mathematics
  • Computational finance and its object-oriented implementation
    (9 ECTS, WS)
  • Mathematical and Statistical Foundations of Machine Learning and its Applications
    (9 ECTS, irregular)
WP24 Advanced Topics in Computer and Data Science B (6 ECTS)Dept. Informatics
  • Big Data Management and Analytics
    (6 ECTS, WS)
  • Deep Learning and Artificial Intelligence
    (6 ECTS, WS)
  • Grid und Cloud Computing
    (6 ECTS, WS)
  • Informationsvisualisierung
    (6 ECTS, WS)
WP25 Elective Topics in Business Administration (Theory) II (6 ECTS)Dept. BA/BWL (see also here)
  • Insurance Economics
    (6 ECTS, SS see here)
  • Electronic Markets
    (6 ECTS, WS see here)
  • Quantitative Finance
    (6 ECTS, SS see here)
  • Performance Measurement and Incentive Systems
    (6 ECTS, SS see here)
  • See also other offerings of Dept. BA/BWL in this module.
WP26 Elective Topics in Business Administration (Theory) III (6 ECTS)Dept. BA/BWL (see also here)
  • Insurance Economics
    (6 ECTS, SS see here)
  • Electronic Markets
    (6 ECTS, WS see here)
  • Quantitative Finance
    (6 ECTS, SS see here)
  • Performance Measurement and Incentive Systems
    (6 ECTS, SS see here)
  • See also other offerings of Dept. BA/BWL in this module.
WP27 Elective Topics in Business Administration (Applied Theory) I (3 ECTS)Dept. Statistics
  • Official Statistics
    (3 ETCS, not offered regularly)
Dept. BA/BWL (see also here)
  • Reinsurance
    (3 ECTS, SS see here)
  • Aktuelle Entwicklungen in der Altersvorsorge
    (3 ECTS, WS see here)
  • See also other offerings of Dept. BA/BWL in this module.
Dept. Law/Jura
  • Öffentliches Finanzmarktrecht
    (3 ECTS, WS see here)

Semester 4

ModuleEvents
Mandatory modules:
P7.1 Master Thesis (27 ECTS)See "Master thesis" on Master in Financial and Insurance Mathematics.
P7.2 Defence of the Master Thesis
(3 ECTS)
Organize the defence of your master thesis in consultation with your supervisor.

Recommended mobility window for a potential study abroad

If you are interested in studying abroad, e.g. within the Erasmus, our International Master Business Mathematics, or other study programs, the third and potentially fourth semester are particularly suitable. Please plan a possible study abroad well ahead of time, inform yourself about the deadlines of the PStO of your study program, and consult with the Student advisory regarding the potential recognition of courses of the host university and the Learning Argeement, if applicable. See "How can I get my courses recognized for credit?" for the required information.