MSc FVMa PStO 2021 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 Statistical Inference (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
  • Insurance Economics
    (6 ECTS, 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 Fachspezifische Grundlagen: Finance and Insurance (9 ECTS)Dept. BA/BWL
  • 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
    (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 (9 ECTS)Dept. Mathematics
  • Fixed Income Markets
    (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 Computer Science
(6 ECTS)
Dept. Informatics
  • Deep Learning and Artificial Intelligence
    (6 ECTS, WS see here)
  • Machine Learning
    (6 ECTS, SS 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:
WP12 Advanced Topics in Mathematics A
(9 ECTS)
Dept. Mathematics
  • Lectures of the Master Mathematics study program
    (9 ECTS, WS/SS)
WP13 Advanced Topics in Mathematics B
(6 ECTS)
Dept. Mathematics
  • Lectures of the Master Mathematics study program
    (6 ECTS, WS/SS)
WP14 Advanced Topics in Financial Mathematics A
(9 ETCS)
Dept. Mathematics
  • Quantitative Risk Management
    (9 ECTS, SS)
  • Fixed Income Markets
    (9 ECTS, SS)
WP15 Advanced Topics in Financial Mathematics B (6 ECTS)Dept. Mathematics
  • Convex Stochastic Optimization
    (6 ECTS, WS)
WP16 Advanced Topics in Financial Mathematics C
(3 ECTS)
Dept. Mathematics
  • quantLab Workshops
    (3 ECTS, WS/SS)
WP17 Mathematisches Seminar B (3 ECTS)Dept. Mathematics
  • Seminar of the Master Mathematics study program.
    (3 ECTS, WS/SS)
WP18 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)
WP19 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)
WP20 Elective Topics in Statistics and Probability
(9 ECTS)
Dept. Mathematics
  • Mathematics Satistics
    (9 ECTS, SS)
  • Mathematical and Statistical Foundations of Machine Learning
    (9 ECTS, SS)
WP21 Statistical Methods 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
    (6 ECTS, WS see here)
WP22 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
    (9 ECTS, SS)
WP23 Advanced Topics in Computer and Data Science B (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)
WP24 Elective Topics in Business Administration (Theory) II (6 ECTS)Dept. BA/BWL
  • Electronic Markets
    (6 ECTS, WS see here)
  • Insurance Economics
    (6 ECTS, SS 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.
WP25 Elective Topics in Business Administration (Theory) III (6 ECTS)Dept. BA/BWL
  • Electronic Markets
    (6 ECTS, WS see here)
  • Insurance Economics
    (6 ECTS, SS 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 (Applied Theory) I (3 ECTS)Dept. BA/BWL
  • 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)
WP27 Selected Topics in Statistical Computing
(3 ECTS)
Dept. Statistics
  • Official Statistics
    (3 ETCS, irregular)

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.