Financial and Actuarial Mathematics

Sukurta: 24 November 2020
Padalinys2x
Faculty 
Mathematics and Informatics

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Scope of studies and length
90 ECTS credits, 1,5 years

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Qualification awarded
Master in Mathematical Sciences

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Application period*
1 January - 1 June / 1 July

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Language
English

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Tuition fee per year
5 266€ 

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Start of studies
1 September
City City
Vilnius

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The study programme provides a high-profile education in financial and actuarial mathematics, with an emphasis on the theoretical foundations of various methods and techniques in probability theory, stochastic analyses, risk theory, and the related fields. Graduates of the programme are qualified to analyse and solve problems in theoretical models of finance and insurance, with the implementation of their obtained solutions in practice.

 

Why choose this programme?

  • The programme provides the solid high-level theoretical foundation needed to understand and apply state-of-the-art research results in practice. Students learn about the possibilities and restrictions of popular financial and actuarial models, tools and ideas.
  • The Financial and Actuarial Mathematics Master’s programme supports students in developing the competencies needed for the international labour market; in particular, the brightest students are strongly encouraged to pursue an academic career.

What comes after?

  • Graduates of the programme work in insurance companies, banks, pension and investment funds, consulting firms, government agencies, etc. (e.g. as actuaries, financial analysts, risk assessors and consultants, for both Lithuanian and foreign institutions responsible for supervising financial and insurance markets).
  • Our graduates can also pursue further studies at the doctoral level in Mathematics and/or Statistics.

"I have chosen this programme and university because it has old, strong education traditions, and is known widely. Vilnius University is the first in Lithuania according to a national ranking. The second thing I would like to mention is that this program perfectly fits my career aims and life goals. Also, I wanted to have my master abroad to gain international experience.
I am really satisfied with my choice, and I don’t regret it. My professors are professional in their fields because their teaching and communication style are easy and understandable in each situation. My courses mates are really nice and friendly people. It is not easy to study in MIF, but I can say that it is really challenging and interesting. I think it is worth having this kind of life experience."

Arita Priedniece, a student from Latvia