Financial and Actuarial Mathematics

About the programmme


Mode of studies and duration: full-time (1.5 years)

Study programme volume: 90 credits

Language(s) of instruction: Lithuanian/ English

Tuition Fees: 2546 EUR/per year

Qualification degree awarded: Master of Mathematical Sciences in Applied Mathematics

Admission requirements: Bachelor's degree or equivalent qualification


The purpose of Financial and Actuarial Mathematics programme is high-profile education in financial and actuarial mathematics with an emphasis on theoretical foundation of various methods and techniques of probability theory, stochastic analysis, risk theory, and related fields. Graduates of the programme are qualified to analyze and solve problems in theoretical models of finance and insurance, with implementation of obtained solutions in practice. 

Why Financial and Actuarial Mathematics?

Career opportunities

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

International mobility

Students can participate in ERASMUS+ mobility programme which gives an opportunity to study at VU’s Partner University or do internship abroad.

Admission requirements

ADMISSION REQUIREMENTS AND ADMISSION CRITERIA

Courses

COURSE INFORMATION

 

1st YEAR

60

SEMESTER 1

30

Compulsory course units

30

Selected chapters of analysis

6

Probability theory and mathematical statistics

7

Nonlife insurance

5

Time series analysis

6

Stochastic analysis

6

SEMESTER 2

30

Compulsory course units

20

Life insurance. Health insurance

8

Financial mathematics

6

Risk theory

6

Optional course units

10

Dynamic aspects of survival theory

5

Financial Derivatives

5

Stochastic models of financial mathematics

5

Risk management

5

Pension funds

5

2nd YEAR

30

SEMESTER 3

30

Master thesis

30

 

Study Programme Description: will be available soon.

Key learning outcomes

Students possess logical thinking, creative view toward professional activities, know how to apply theory in practice. Graduates of Financial and Actuarial Mathematics can also pursue an academic career by enrolling into a Ph.D. program either at Vilnius University or abroad.

 

INFO for students

To be uploaded.

Contacts

Do you have more questions? Please contact us:

Study Programme Committee

 

Chair of the study Programme Committee - prof. Vigirdas Mackevičius

Study programme is implemented by:

Department of Mathematical Analysis