Studying actuarial science in Germany will give you the ability to manage a private or corporate financial state as well as insurance and retirement plans. With an actuarial science degree, you can benefit from numerous skills, such as problem-solving, analytical skills, communication skills, critical thinking, etc. Studying actuarial science in Germany is free of tuition, compared to other countries, where tuition fees are significantly more expensive. Additionally, German universities that offer actuarial sciences are known to deliver an excellent teaching method, where project-based learning is crucial. You will have access to a lot of opportunities when you study actuarial science in Germany.

In this piece, I will walk you through the requirements and qualifications that are needed for studying actuarial science in Germany.

Requirements for Studying Actuarial Science in Germany

  1. Academic Qualifications

    You need to have a high school leaving certificate that is equivalent to a German certificate. Additionally, you need to make sure that your certificate is eligible and equivalent to the German certificate. You should also have good grades in subjects such as mathematics, economics and business. However, if your certificate is not eligible, you need to attend the Studienkolleg (one-year preparatory course) and sit for the Feststellungsprüfung Exam.

  2. Submit Academic Proficiency

    You need to submit your academic transcripts during your application. Generally, your transcripts should contain all the courses you studied as well as the grades.

  3. German Language Proficiency

    The major language of instruction for most universities in Germany is German. Therefore, you need to be familiar with the German language to be able to learn in those schools. You need to write tests such as TestDaf Level 4, Goethe Institute Certificate Level C2 and DSH German Language Examination Level 2 or 3.

  4. English Language Proficiency

    If you are applying to universities that use English as their language of instruction, you need to submit a certificate of English Language. Therefore, you need to show proof of your English proficiency. You can submit tests such as IELTS or TOEFL.

  5. Entrance Examination

    Some universities might require you to sit for an entrance examination as a requirement for obtaining admission.

  6. Motivation letter

    You need to submit a motivation letter while making your application. This essay should contain areas such as how your previous education is important to the one you are applying to. Additionally, you should include your future goals and the reason for deciding to study actuarial science in Germany.

  7. Resume/CV

    You need to submit an updated resume or curriculum vitae showcasing your work experience. Additionally, you can add your professional certifications if you have any.

  8. Student Visa

    International students require a German Student Visa to study actuarial science in Germany. Therefore, you need to apply for your visa three months in advance to have a smoother process.

How to Apply

You can apply to study actuarial science in Germany by applying to the university of your choice. However, International students should apply through Uni-Assist for verification before applying to the university of their choice. Additionally, EU students can submit their application through the Foundation for University Admission.

Duration

The duration of studying actuarial science in Germany depends on the degree you are applying to. The bachelor’s degree takes three to four years of full-time study to complete. Additionally, A master’s degree in actuarial science in Germany takes one to two years of full-time study.

Tuition Fee

The cost of studying actuarial science in Germany is relatively low. Most public universities in Germany have zero tuition fees, except in Baden-Württemberg where students pay approximately €1,500 per year. However, students are expected to pay a semester fee of €200 per semester. Additionally, private universities pay about €20,000 per year.

Universities in Germany that offer Actuarial Science

  1. Goethe University of Frankfurt am Main, Hesse
  2. University of Mannheim, Baden-Wurttemberg
  3. University of Bonn, North Rhine-Westphalia
  4. University of Cologne, North Rhine-Westphalia
  5. University of Munich, Bavaria
  6. University of Hamburg, Hamburg State
  7. University of Ulm, Baden-Wurttemberg
  8. University of Regensburg, Bavaria
  9. Technical University of Munich, Bavaria
  10. University of Banking of Frankfurt, Hesse
  11. Humboldt University of Berlin, Brandenburg
  12. University of Konstanz, Baden-Wurttemberg
  13. University of Erlangen Nuremberg, Bavaria
  14. Leibniz University of Hanover, Lower Saxony
  15. University of Duisburg – Essen, North Rhine-Westphalia
  16. University of Giessen, Hesse
  17. Heidelberg University – Germany, Baden-Wurttemberg
  18. WHU – Otto Beisheim School of Management, Rhineland-Palatinate
  19. Karlsruhe Institute of Technology, Baden-Wurttemberg
  20. Free University of Berlin, Brandenburg
  21. University of Freiburg, Baden-Wurttemberg
  22. University of Munster, North Rhine-Westphalia
  23. University of Augsburg, Bavaria
  24. University of Gottingen, Lower Saxony
  25. Technical University of Berlin, Brandenburg
  26. Johannes Gutenberg University Mainz, Rhineland-Palatinate
  27. University of Leipzig, Saxony
  28. TU Dortmund University, North Rhine-Westphalia
  29. Kiel University, Schleswig-Holstein
  30. Technical University of Kaiserslautern, Rhineland-Palatinate
  31. University of Tubingen, Baden-Wurttemberg
  32. RWTH Aachen University, North Rhine-Westphalia
  33. University of Wurzburg, Bavaria
  34. Dresden University of Technology, Saxony
  35. Heinrich Heine University of Dusseldorf, North Rhine-Westphalia
  36. Ruhr University Bochum, North Rhine-Westphalia
  37. University of Bremen, Bremen State
  38. Darmstadt University of Technology, Hesse
  39. University of Hohenheim, Baden-Wurttemberg
  40. University of Bielefeld, North Rhine-Westphalia

In Conclusion, the requirements listed above are the general requirements for studying actuarial science in Germany. However, each university might have additional requirements which they expect students to meet before they are granted admission. Therefore, you should make sure that you verify each university’s requirements properly before submitting your application. Additionally, you need to confirm the language of instruction for the university before you submit your application. You can reach out for further inquiries and assistance.

Good luck!

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