VILNIUS UNIVERSITY · LITHUANIA
Financial and Actuarial Mathematics (Master's)
Master's · Taught in en · UCAS 6211AX003
At a glance
18 mo
Duration
6.5
IELTS
€6k
Tuition / yr
en
Language
Master's
Level
- 1.5 yearsNominal Duration
- 90 ECTSECTS Credits
- EnglishStudy Language
- Master in Mathematical ScienceAward
- €6,000 per yearTuition Fee
This Master's program offers a high-profile education in financial and actuarial mathematics, focusing on the theoretical underpinnings of probability theory, stochastic analysis, and risk theory. You will gain the skills to analyze and solve complex problems within financial and insurance models, with an emphasis on practical implementation. Graduates are well-prepared for careers in various financial sectors, including insurance companies, banks, pension and investment funds, and consulting firms. You can work as actuaries, financial analysts, or risk assessors, contributing to both Lithuanian and international financial markets. The program also provides a strong foundation for doctoral studies in Mathematics and Statistics.
Careers
Graduates are qualified to work in insurance companies, banks, pension and investment funds, and consulting firms. Potential roles include actuaries, financial analysts, and risk assessors.
- Actuary
- Financial Analyst
- Risk Assessor
- Consultant
Entry requirements
Undergraduate diploma (or higher)For non-EU/EFTA applicants, the gap since completing a Bachelor's degree should not exceed five years. Applicants may be invited for a remote motivational interview to assess basic knowledge of Mathematical Analysis, Linear Algebra, Probability Theory, and Mathematical Statistics. Additional country-specific requirements may apply for certain countries (refer to the university's website).
IELTS Academic6.5+
Duolingo English Test120+
TOEFL iBT81+
Cambridge English Exam176+
LanguageCert IESOLB2
Oxford ELLT7+
Password Skills Plus6.5+
Pearson PTE Academic59+
Exemptions from English language tests are available if English is your first language or if your previous degree was taught entirely in English. Accepted document languages are English or Lithuanian. Translations must be official and bound with certified true copies of originals, unless the document is already in English or Lithuanian.
Fees
Tuition (international)€6,000 per year
Tuition (home)Not specified
LivingNot specified
An application fee of €100 per year is non-refundable.
How to apply
1. Submit ApplicationComplete the online application form and pay the non-refundable application fee.
2. Provide DocumentsUpload required documents, including undergraduate diploma, transcripts, and English language proficiency proof. Ensure documents are in English or Lithuanian, or officially translated.
3. Motivational InterviewYou may be invited for a remote interview to assess your foundational knowledge in key mathematical areas.
4. Receive OfferSuccessful applicants will receive an offer of admission.
5. EnrollAccept the offer and complete enrollment procedures.