M.A.Financial and Actuarial Mathematics
| Study location | Lithuania, Vilnius |
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| Type | Master, full-time |
| Nominal duration | 1.5 years (90 ECTS) |
| Study language | English |
| Awards | M.A. (Master in Mathematical Science) |
| Course code | 6211AX003 |
| Tuition fee | €5,538 per year |
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| Application fee | €100 one-time |
| Registration fee | To be confirmed You need to choose an individual service package. Please contact the center curator or your agent and consult. You become a part of student union and ambassador program automatically after you will get Base or Standard or VIP status. *Do not forget to ask discount |
| Entry qualification | Undergraduate diploma (or higher) N.B. for non-EU/EFTA applicants: the gap since your completed Bachelor degree should not exceed five years. Applicants may be invited to a remote motivational interview, during which their basic knowledge of Mathematical Analysis, Linear Algebra, Probability Theory, and Mathematical Statistics may be assessed. The entry qualification documents are accepted in the following languages: English / Russian / Lithuanian. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original. Applicants must upload education documents in original language, as well as translations into English. You must take the original entry qualification documents along with you when you finally go to the university. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original. Translation is considered to be official when it is bound together with the certified true copy of the original document and is confirmed by the translator’s signature. Documents issued in English, Lithuanian must be certified true copies and do not require translation. |
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| Territory requirements | Applications are NOT accepted from the following territories (based on citizenship): Bangladesh, Iraq, Pakistan, Yemen. |
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| Language requirements | English The following language certificates are accepted for study programmes taught in English: IELTS Academic 5.5+, TOEFL iBT 46+, Cambridge English exam 160+, Pearson PTE Academic 59+, LanguageCert IESOL B2, Duolingo English Test 100+ |
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| Other requirements | At least 2 reference(s) must be provided. A motivation letter must be added to your application. interview |
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Overview
The focus of the study programme is on theoretical results, including current research, which allow understanding processes observed in practice. Students are taught to explain the possibilities and restrictions of applying theoretical models in practice.
In addition, the competencies in Financial and Actuarial Mathematics Master program match the requirements of international labor market and the best students are encouraged to publish their works in national and international journals.
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.