Financial and Actuarial Mathematics

WHY FINANCIAL AND ACTUARIAL MATHEMATICS STUDY PROGRAMME AT VILNIUS UNIVERSITY?

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.

https://www.vu.lt/en/studies/master-studies/56-studies/studies/2753-financial-and-actuarial-mathematics

• Bachelor degree in financial and actuarial mathematics; or
• Bachelor degree in mathematics, statistics, economics, or physics with additional prerequisites: Microeconomics and macroeconomics (minimum 5 credits); Probability theory (including theory of stochastic processes) and mathematical statistics (10 credits); Other disciplines of mathematics (20 credits); Basics of financial and actuarial mathematics (10 credits).
• English language proficiency - the level not lower than B2 (following the Common Framework of Reference for Language approved by the Council of Europe).

INTERNATIONAL MOBILITY

Students can participate in ERASMUS+ mobility programme which gives an opportunity to study at VU’s Partner University for 1 or 2 semesters or do internship abroad.

CAREER OPPORTUNITIES

Upon completion of the studies, a student may work in the 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.