Introduction
Master's degree website: href = "https://www.ucm.es/master-actuarial-y-finanza
General administrative inquiries: General Information Service. E-mail: informacion@ucm.es
Specific academic inquiries: Contact details of the coordinators at href = "https://www.ucm.es/master-actuarial-y-finanza/coordinador-del-masterType of education: Face-to-face.
Number of new entry places offered: 40
Total credits: 120
Languages taught: Spanish.
Indicative price: 45.02 euros per credit (for Spaniards, community foreigners and those who have legal status as residents in Spain) and 84.07 euros per credit for other students.
Master's Scholarship: see relevant information here .AboutBasically, an actuary is a higher graduate specialized in the assessment and management of the risks borne by the different economic agents. The actuary's training allows him, among other things, to establish the solvency requirements that must be met by the Underwriters, in particular, and the Financial Entities, in general.
The Master in Actuarial and Financial Sciences of the Universidad Complutense de Madrid provides the knowledge, mainly in economics, mathematics and statistics, on which the profession of actuary is based and which together constitute the core of Actuarial Science. The contents of the different subjects studied in the master's degree are based on the guidelines established in the so-called Core Syllabus of the Actuarial Consultative Group, which aims to harmonize actuarial studies throughout the European Union. The graduates of the master's degree can be registered at the Institute of Spanish Actuaries and carry out their activity both at national and European level.
The Master in Actuarial and Financial Sciences of the Universidad Complutense de Madrid began its career in the 2010-11 academic year, replacing the former Bachelor of Actuarial and Financial Sciences.
Academic year 2020-21Course 1
Code
Subject
Character
Credits
Offered
608976
Statistical expansion
Compulsory
6.0
Yes
608975
Mathematics expansion
Compulsory
6.0
Yes
608990
Extension of Mathematics of Life Insurance. Pension plans
Compulsory
7.0
Yes
608980
Accounting and Financial Statements
Compulsory
6.0
Yes
608979
Financial economics
Compulsory
6.0
Yes
608977
Computing and Numerical Calculation
Compulsory
6.0
Yes
608989
Mathematics of Life Insurance
Compulsory
4.0
Yes
608985
Variable Income Markets
Compulsory
7.0
Yes
608978
Microeconomics and Macroeconomics
Compulsory
6.0
Yes
608992
Probabilistic Models in Finance and Insurance
Compulsory
7.0
Yes
608987
Social Security I
Compulsory
4.0
Yes
608993
Markov Processes and Bayesian Inference
Compulsory
4.0
Yes
608981
Legal Regime of Private Insurance
Compulsory
6.0
Yes
608984
Fixed Income Financial Assets Valuation and Market Risk Analysis
Compulsory
4.0
Yes
Course 2
Code
Subject
Character
Credits
Offered
608996
Actuarial Mathematics Extension: Solvency II
Optional
4.0
Yes
608994
Multivariate Data Analysis
Compulsory
4.0
Yes
608982
Accounting of Insurance Entities
Compulsory
4.0
Yes
608999
Risk Management
Optional
4.0
Yes
609000
Financing Mathematics
Optional
4.0
Yes
608995
Advanced Mathematics of Financial Derivatives
Optional
4.0
Yes
608986
Mathematics of Risk Assessment and Coverage in Financial Derivatives
Compulsory
6.0
Yes
608991
Mathematics of Non-Life Insurance: Models, Risk Measurement and Solvency
Compulsory
6.0
Yes
608997
Statistical and Machine Learning Methods for Insurance Pricing
Optional
4.0
Yes
609003
Business practice
External Practices
13.0
Yes
608988
Social Security II
Compulsory
4.0
Yes
608983
Products and Taxation
Compulsory
4.0
Yes
609002
Final Master's Project
Final Master's Project
6.0
Yes
goalsAn actuary is a higher graduate specialized in the assessment and management of risks borne by different economic agents. The actuary's training allows him, among other things, to establish the solvency requirements that insurance companies, in particular, and financial institutions, in general, must meet.
The Master's Degree in Actuarial and Financial Sciences provides the knowledge, mainly in Economics, Mathematics and Statistics, on which the profession of actuary is based and which together constitute the core of Actuarial Science.RecipientsAs a general rule, anyone who holds an official title of the European Higher Education Area (EHEA) or equivalent, who entitles them to access the Master's degree, may apply to enter the University Master's Degree, although Graduates or graduates in Economics, Business Administration and Management, Finance and Insurance, Mathematics, Statistics and Engineering.Why study this master?Actuaries have exclusive competence in certain professional activities and their work activity includes: private insurance companies, Social Security, consulting and auditing in matters of insurance and finance, banking, reinsurance entities, risk management applying financial-stochastic methodology in companies and institutions from non-financial economic sectors, etc. The actuary profession is a regulated profession (BOE November 20, 2008).Admission requirements for mastersNon-enabling university mastersBe in possession of any of the following titles:Spanish official university degree.
Title issued by an institution of the European Higher Education Area (EHEA) and empowering in the country of issue for access to Master's education.
Title of educational systems outside the EHEA that empowers in the country of issuance for access to Master's education, homologated or declared equivalent to the degree and academic level of Degree or Degree by the Ministry of Education and Vocational Training . In case of lacking the mentioned homologation or equivalency, it will be necessary to have authorization or access permission granted by this University.
Or be carrying out studies leading to the obtaining of any of the previous degrees during the course in which the pre-registration is carried out and be in a position to prove the obtaining of the same before the date established in the corresponding call (see href = "https: //www.ucm.es/requisitos-de-admision-a-masteres ).
In addition, students from foreign educational systems, whose mother tongue is different from Spanish, must prove level B2 of the Spanish language (or higher) .
Specific requirements that any of the requested masters may have. You can consult it by accessing the website of the Master itself.
