Master in Financial and Actuarial Mathematics

Vilnius University

Program Description

Master in Financial and Actuarial Mathematics

Vilnius University

The team of professors of the programme led by the member of the Lithuanian Academy of Sciences V. Paulauskas include both highly qualified scholars and practicioners of insurance (the associated professor G. Bakštys is chielf actuary of ERGO Life Insurance SE).

Masters in financial and actuarial mathematics can work as actuaries, financial specialists and consultants, risk managers in insurance companies, banks, investment or pension funds, consult bureaux, etc.


The applicant must have either the bachelor's degree in financial and actuarial mathematics, or the bachelor's degree in other disciplines, provided that he/she has sufficient prerequisites.

Prerequisite courses

Microeconomics and macroeconomics (at least 4 ECTS credits). Probability theory (including random process theory) and mathematical statistics (at least 8 ECTS credits). Other disciplines of mathematics (at least 20 ECTS credits). Basics of financial and actuarial mathematics (at least 10 ECTS credits).

Admission rules

The applicants will be admitted to the program according their grades during bachelor degree studies. Also we require for applicants to provide with application the names and contacts (e-mail address, phone) of two persons from their universities who can recommend the applicant for master studies in actuarial and financial mathematics.

This school offers programs in:
  • English

Last updated March 1, 2016
Duration & Price
This course is Campus based
Start Date
Start date
Sept. 2017
3 semesters
Full time
2,523 EUR
Start date Sept. 2017
Lithuania Vilnius
Application deadline Request Info
End date Request Info
Duration 3 semesters
Price 2,523 EUR
per semester