Master of Financial and Actuarial Mathematics

Programme Overview

The Master of Financial and Actuarial Mathematics provides high-level education in quantitative finance, risk modelling, and actuarial science. The programme focuses on strong theoretical foundations in probability theory, stochastic processes, risk theory, and financial modelling.

Students develop advanced analytical and mathematical skills required to model financial systems, assess insurance risks, and solve complex economic problems using quantitative methods.

The curriculum emphasizes both theoretical depth and practical implementation in financial and insurance markets.


Academic Focus

The programme develops expertise in:

Students learn to analyze theoretical models of finance and insurance and apply mathematical solutions in real-world practice.


Career Opportunities

Graduates can work in:

Common job roles include:

Graduates may also pursue doctoral studies in Mathematics or Statistics.


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MakeStudy™ – Officially Appointed Recruiting Partner

Official Website: https://www.makestudy.com

Agent Code: Z3I52M64
Email: agents@makestudy.com
Call / WhatsApp: +91 96581-96581

Applicants are advised to apply through www.makestudy.com and mention the Agent Code during submission.


Agent Panel Access

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Program Requirements
  • Academic Requirement:
    • Bachelor’s degree (or higher)

    • Non-EU/EFTA applicants: education gap must not exceed five years

    Applicants may be invited to a remote motivational interview where knowledge in the following may be assessed:

    •  Mathematical Analysis
    •  Linear Algebra
    •  Probability Theory
    •  Mathematical Statistics

    Admission decision based on academic background and committee evaluation.

  • English Language Requirement:

    Minimum: B2 CEFR

    Accepted:

    • IELTS 6.0+ (recommended)

    • TOEFL iBT 80+

    • Equivalent B2 certificate

    Exemption:
    If previous degree was taught in English.

Key Facts
  • Campus: Faculty of Mathematics and Informatics Naugarduko str. 24, 03225 Vilnius Didlaukio str. 47, 08303 Vilnius
  • Course Credentials: Masters
  • Course Duration: 1.5 Years (90 ECTS)
  • Annual Tuition Fee: 6,000 per year
  • Initial Deposit: 100 (Non-refundable)
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