StudyQA — Master: Financial Mathematics

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Description Contents Requirements Funding

Financial Mathematics is a 1-year Master’s programme that prepares specialists for financial sector, banking and insurance industries in quantitative methods of risk assessment and hedging, providing knowledge and skills in two major areas - financial engineering and insurance mathematics.

What you can expect from this programme?

- Special emphasis on applied mathematical models and quantitative methods;
- Knowledge, practical skills and competence needed to succeed in careers at banks, insurance companies, consulting, financial utilities and financial supervisory authorities;
- The teaching staff consists of professors highly qualified in the field of Financial Mathematics, who have also done extensive research and have international experience. Some of the lectures in the programme will be delivered by visiting international staff;

Students with solid background in mathematics and interest in application of quantitative methods in finance are most welcome to apply. Economics students are also encouraged to apply provided they are ready to learn essentials of modern mathematics used nowadays in financial institutions. Students with Bachelor’s degrees in Mathematics, Statistics, Economics or Physics are well-suited candidates for the programme.

Graduates can work in financial sector, banking and insurance industries or continue their studies on PhD level. Graduates are very competitive on national and international job market as analysts, actuaries and risk engineers.

Curriculum structure

Speciality module (33 ECTS) – core courses of the curriculum;

Electives module (6 ECTS) - Two courses must to be chosen, and Practice I needs to be one of them. Prior working experience can be considered as professional practice.;

Optional courses (6 ECTS) – all available courses at UT;

Master's thesis (15 ECTS).

Total: 60 ECTS

General requirements:

• Four-year Bachelor’s degree or equivalent qualification (240 ECTS) or Master’s degree or equivalent qualification in the areas of Natural and Exact Sciences, or Economics;
• Prior learning prerequisites: eligible applicants must have completed the following in their prior learning period:
o Mathematics, including Calculus, Measure-Theoretic Probability, Statistics (at least 30 ECTS);
o Economics, including Corporate Finance, Investments and Derivatives, Microeconomics (at least 15 ECTS);
o Computer Science (at least 9 ECTS).

Application process:

1. Fill in the online application form. Remember to print it out at the end and sign it, because you also need to send it to us. You also need to upload copies of your other documents so we can start checking them. When you register to fill in the application form, you will receive an applicant code, which gives you access to your account to track your application status.
2. Mail the printed and signed application with all the required documents by the deadline (April 16) to: International Student Service, University of Tartu, Ülikooli 18, Tartu 50090, Estonia

Documents:

• online application;
• official copy of the Bachelor's diploma or its equivalent and Diploma Supplement (transcript/mark sheet) in the original language*;
• official translation of the Bachelor’s diploma and Diploma Supplement(transcript/mark sheet) into English, translation certified;
• proof on the English language proficiency (TOEFL iBT 75, IELTS 5.5, Cambridge English FCE grade B, CAE 45 points, CPE, PTE Academic 59 points, exceptions listed on web);
• copy of the passport page stating the applicant's personal particulars.