Master in Financial Mathematics

University of Tartu

Program Description

Master in Financial Mathematics

University of Tartu

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 can you 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;
  • Graduates are very competitive on national and international job market as analysts, actuaries and risk engineers. All graduates of Financial Mathematics can find jobs easily in Estonia and around the world.


Students with solid background in mathematics and interest in application of quantitative methods in finance are most welcome. 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 and Economics are well-suited candidates for the programme.

Graduates can work in financial sector, banking and insurance industries or continue their studies on PhD level.

Altogether 10 students will be admitted to this programme. Based on the admission’s ranking list, 8 best applicants will be given tuition-waiver scholarship. Students receiving this scholarship do not have to pay the tuition fee if they complete a full-time study load. Full time study load is completed if no more than 6 credits are missing from the 30 ECTS workload per semester.

This school offers programs in:
  • English

Last updated October 20, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 1, 2017
1 year
Full time
3,200 EUR
Mar. 15, 2017
Application deadline may change, contact us
Start date Sept. 1, 2017
Estonia Tartu
Application deadline Mar. 15, 2017
Application deadline may change, contact us
End date June 30, 2018
Duration 1 year
Price 3,200 EUR
Tuition-waiver scholarships available

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