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Actuarial Mathematics

Master (2 years) of Science in Actuarial Mathematics , 120 ECTS
Mathematics, natural- and computer science

Institution University of Copenhagen (UCPH)
Campus North Campus
Duration 2 years
Tuition per term (Non-EU/EAA/CH) 5300 EUR
Tuition per term (EU/EAA/CH) 0 EUR


You should pursue an MSc in Actuarial Mathematics if you enjoy working with numbers. You will, among other things, be engaged in addressing various types of damage insurance, life insurance, insurance economics, insurance accounting and insurance law.

In the Actuarial Mathematics MSc programme you will cultivate an exciting interdisciplinary body of knowledge in mathematics, finance, insurance economics, accounting, law, probability theory and statistics that can be deployed to assess risks in a variety of settings. That way you will help secure the everyday lives of people and protect their pensions.

A large majority of people in modern society have a pension or insurance policy that secures their everyday life and welfare into and through retirement. Actuarial Mathematics is an indispensable field of study with regards to modern society, where a secure future cannot be taken for granted.

Read more about the structure of the programme at the University web page 

Career Opportunities

 As an actuarial mathematician you could be hired to work for:        
  • insurance companies 
  • banks
  • other types of financial institutions
  • consultancy firms. 
Your work will be to solve statistical problems and deal with risk theory in relation to various types of insurance. Additionally, you can gain employment in public administration or within higher education.

The field is experiencing robust growth, in part due to the development of a rich theory of mathematical finance and also as a response to the reorientation that practical insurance is experiencing due to, for instance, the integration of banking, credit and insurance activities. Further reorientation of the actuarial profession has developed as a result of changes to and interpretations of the risk landscape in which catastrophe, including climate change, is becoming a more and more prominent concern. The future looks bright for you should you choose to pursue the MSc in Actuarial Mathematics.  

About the Degree

The MSc in Actuarial Mathematics is studied at the Faculty of Science (SCIENCE for short) at University of Copenhagen.  


To be admitted to the MSc programme in Actuarial Mathematics, you must have a bachelor degree in a relevant subject and/or including relevant courses. Please see the specific admission requirements for the Actuarial Mathematics programme here.

In addition, documentation may be required verifying your proficiency in English at a specified level. Read about the language requirements of University of Copenhagen.

To find out whether the level of your foreign certificate or diploma satisfies the general entry requirements, you should contact the Faculty of Science Student Services at the mail address:

Please apply using the online application portal with all relevant documentation. 
Read more about the application procedure for EU/EEA/Swiss citizens or non-EU/EEA citizens, respectively, at the University of Copenhagen webpage.

A list of the most commonly recognized exams and diplomas can be found at the Danish Agency for Higher Education   


There is a tuition fee for all full-time degree students from outside the EU, EEA or Switzerland. Students within an exchange programme are not required to pay tuition.

Further Information

Read more about the two-year MSc programme in Actuarial Mathematics and student life at Faculty of Science (SCIENCE) , University of Copenhagen.

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Information from the Danish Agency for Higher Education can be located at

You will find information about the Danish assessment of foreign qualifications in Guide to diploma recognition

About the Educational System in general visit the section The Danish Higher Education System

Non EU/EEA citizens

Application date
Jan 15
Start date
Sep 01

EU/EEA/Swiss citizens

Application date
Mar 01
Start date
Sep 01

North Campus


North Campus

With the Copenhagen University Hospital (Rigshospitalet) as the next door neighbour, the Faculty of Science and Faculty of Health and Medical Sciences are very well placed in the North Campus. North Campus is an ideal setting for interdisciplinary reseach fields. Massive investments in research infrastructure, including the construction of the Niels Bohr Building and the Maersk Building,  are currently being made to develop the area around the North Campus into Copenhagen Science City. North Campus is very centrally located and transport links are excellent. Many students and teacher  also use their bike, and biking in Copenhagen is easy and convenient.
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