University of Amsterdam logo
  • Tuition Fee:
  • Local: $ 2.16k / Year
  • Foreign: $ 13.6k / Year
  • Languages of instruction:
  • English

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    The Master's programme in Actuarial Science and Mathematical Finance is the only MSc programme in the Netherlands completely dedicated to the actuarial profession.

    If you wish to pursue a career as an actuary designing and monitoring financial security systems, then this is the right MSc programme for you. It is a multidisciplinary programme that provides balanced and rigorous training in the financial and mathematical analysis of complex challenges in modern assurance. The programme focuses on mathematical model building in the various specialised fields of insurance: life insurance, non-life insurance and pension funds. You will learn about the latest international developments in the field, such as modern valuation and capital management techniques, longevity risk and Solvency II. You will be taught not only by leading academics in the field of Actuarial Science and Mathematical Finance, but also by several experts and practitioners working in the financial and insurance industries. This ensures that you will have access to the field's most up-to-date techniques, practices and insights.

    Types of teaching (in year 1):

    • theory: 30%
    • practice: 10%
    • self study: 60%

    Programme internationalization:

      This programme has a workload of 60 ECTS.


      Program requirements

      Grade list: A certified grade list(s) is considered in the evaluation. Previous education: Applicants holding a Bachelor's or Master's degree in actuarial sciences, econometrics, operational research or in another quantitative field such as mathematics, statistics or physics are eligible to apply for the programme. In addition to sufficient background knowledge of mathematics, students must have a solid grasp of statistics, including some knowledge of econometrics. Students should also have taken courses covering investments and portfolio theory. For more information about entry requirements please see www.uva.nl/msc-actuarial-science (Application and admission / Entry requirements). Entry test: A GRE is compulsory for all applicants to the Master's programme in Actuarial Science and Mathematical Finance. Grade list: A certified grade list(s) is considered in the evaluation. Previous education: A relevant academic Bachelor's degree. For more information about entry requirements please see www.uva.nl/msc-actuarial-science (Application and admission / Entry requirements). Written request: Applicants should submit a motivation letter with their application form. Additional language requirements:Cambridge Certificate in Advanced English: B2Cambridge Certificate of Proficiency in English: B2IELTS overall band: 6.5IELTS listening: 6IELTS reading: 6IELTS writing: 6IELTS speaking: 6TOEFL paper based: 580TOEFL computer based: 237TOEFL internet based: 92 English Language Requirements IELTS band: 6.5 CAE score: (read more) Cambridge English: Advanced (CAE) is part of the Cambridge English suite and is targeted at a high level (IETLS 6.5-8.0). It is an international English language exam set at the right level for academic and professional success. Developed by Cambridge English Language Assessment - part of the University of Cambridge - it helps you stand out from the crowd as a high achiever. 75 (Grade B) TOEFL paper-based test score : 580 TOEFL iBT® test: 92

      Scholarships / Grants:

      European Commission:
      Erasmus Mundus is a new programme of the European Commission. Its aim is to improve the quality of European higher education through joint master's degree programmes offered by partner institutions in the member states.
      For additional information: Website

      The University of Amsterdam:
      The University of Amsterdam provides a limited number of full and partial scholarships for excellent students from outside the European Economic Area. The Amsterdam Merit Scholarships have specifically been designed to offer talented, ambitious and dedicated students the opportunity to pursue a Mast
      For additional information: Website

      :
      Students from Columbia can apply for this scholarship through their website.
      For additional information: Website

      European Commission:
      The Alban Scholarship programme aims at the reinforcement of the European Union-Latin America cooperation in the area of Higher Education. * for postgraduate studies. * for specialization studies at any of the eligible recognised organizations of Higher Training (companies included).
      For additional information: Website

      Open Society Institute:
      The Open Society Scholarship Programs fund the participation of students, scholars, and professionals from the former Soviet Union, Southeast Asia, Eastern Europe, and the Middle East in rigorous, competitive academic programs outside of their home countries.
      For additional information: Website

      Accreditation

      Accredited by: NVAO in: The Netherlands

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