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
Module  Events 

Mandatory modules:  
P1 Stochastic Calculus and Arbitrage Theory in Continuous Time (9 ECTS)  Dept. Mathematics

P2 Statistical Inference (9 ECTS)  Dept. Statistics

P3 Mathematical Seminar A (3 ECTS)  Dept. Mathematics

Choose 9 ECTS of the following Block 1 of elective modules:  
WP1 Financial Mathematics (3 ECTS)  Dept. Mathematics 
WP2 Actuarial Mathematics A (3 ECTS)  Dept. Mathematics: 
WP3 Elective Topics in Business Administration (Theory) I (6 ECTS)  Dept. BA/BWL 
WP4 Fachspezifische Grundlagen: Finance and Insurance (9 ECTS)  Dept. BA/BWL

WP5 Microeconomics (6 ECTS)  Dept. Econ/VWL

WP6 Macroeconomics (6 ETCS)  Dept. Econ/VWL

WP7 Econometrics (6 ECTS)  Dept. Econ/VWL

Semester 2
Module  Events 

Mandatory modules:  
P4 Numerical Methods in Financial Mathematics (9 ECTS)  Dept. Mathematics

P5 Statistical Models for Financial Mathematics (6 ECTS)  Dept. Statistics 
Choose 9 ECTS of the following Block 2 of elective modules:  
WP8 Quantitative Risk Management (9 ETCS)  Dept. Mathematics

WP9 Fixed Income Markets (9 ECTS)  Dept. Mathematics

Choose 6 ECTS of the following Block 3 of elective modules:  
WP10 Finance and Insurance I (6 ECTS)  Dept. BA/BWL (see also here) 
WP11 Advanced Topics in Computer Science (6 ECTS)  Dept. Informatics 
Semester 3
Module  Events 

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 WP1219:  
WP12 Advanced Topics in Mathematics A (9 ECTS)  Dept. Mathematics

WP13 Advanced Topics in Mathematics B (6 ECTS)  Dept. Mathematics

WP14 Advanced Topics in Financial Mathematics A (9 ETCS)  Dept. Mathematics

WP15 Advanced Topics in Financial Mathematics B (6 ECTS)  Dept. Mathematics

WP16 Advanced Topics in Financial Mathematics C (3 ECTS)  Dept. Mathematics

WP17 Mathematisches Seminar B (3 ECTS)  Dept. Mathematics

WP18 Actuarial Mathematics B (3 ECTS)  Dept. Mathematics 
WP19 Actuarial Mathematics C (3 ECTS)  Dept. Mathematics 
WP20 Elective Topics in Statistics and Probability (9 ECTS)  Dept. Mathematics

WP21 Statistical Methods for Financial Mathematics (6 ECTS)  Dept. Statistics 
WP22 Advanced Topics in Computer and Data Science A (9 ECTS)  Dept. Mathematics

WP23 Advanced Topics in Computer and Data Science B (6 ECTS)  Dept. Informatics 
WP24 Elective Topics in Business Administration (Theory) II (6 ECTS)  Dept. BA/BWL 
WP25 Elective Topics in Business Administration (Theory) III (6 ECTS)  Dept. BA/BWL 
WP26 Elective Topics in Business Administration (Applied Theory) I (3 ECTS)  Dept. BA/BWL

WP27 Selected Topics in Statistical Computing (3 ECTS)  Dept. Statistics

Semester 4
Module  Events 

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.