Financial and Actuarial Mathematics

Master‘s studies @ Vilnius University
1 Jul Application deadline
1 Sep Start date
1.5 years Study duration full-time
5266€ Tuition fee for Eu citizens

Programme overview

High-profile education in financial and actuarial mathematics with an emphasis on the theoretical foundation of various methods and techniques of:

  • Probability theory
  • Stochastic analysis
  • Risk theory
  • Related fields.

Graduates of the programme are qualified to analyze and solve problems in theoretical models of finance and insurance, with the implementation of obtained solutions in practice.

Why this programme?

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

What’s after?

  • Work in the insurance companies, banks, pension and investment funds, consulting firms, government agencies, etc. (e.g., as actuaries, financial analysts, risk assessors, and 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.


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