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 the Coordinator of the Master: href = "https://www.ucm.es/estudios/master-cienciasactuarialesyfinancierasType 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.
CurriculumCourse 1
Subject
Character
Credits
Statistical expansion
Compulsory
6.0
Mathematics expansion
Compulsory
6.0
Extension of Mathematics of Life Insurance. Pension plans
Compulsory
7.0
Accounting and Financial Statements
Compulsory
6.0
Financial economics
Compulsory
6.0
Computing and Numerical Calculation
Compulsory
6.0
Mathematics of Life Insurance
Compulsory
4.0
Variable Income Markets
Compulsory
7.0
Microeconomics and Macroeconomics
Compulsory
6.0
Probabilistic Models in Finance and Insurance
Compulsory
7.0
Social Security I
Compulsory
4.0
Markov Processes and Bayesian Inference
Compulsory
4.0
Legal Regime of Private Insurance
Compulsory
6.0
Fixed Income Financial Assets Valuation and Market Risk Analysis
Compulsory
4.0
Course 2
Subject
Character
Credits
Actuarial Mathematics Extension: Solvency II
Optional
4.0
Multivariate Data Analysis
Compulsory
4.0
Accounting of Insurance Entities
Compulsory
4.0
Risk Management
Optional
4.0
Financing Mathematics
Optional
4.0
Advanced Mathematics of Financial Derivatives
Optional
4.0
Mathematics of Risk Assessment and Coverage in Financial Derivatives
Compulsory
6.0
Mathematics of Non-Life Insurance: Models, Risk Measurement and Solvency
Compulsory
6.0
Statistical and Machine Learning Methods for Insurance Pricing
Optional
4.0
Business practice
External Practices
13.0
Social Security II
Compulsory
4.0
Products and Taxation
Compulsory
4.0
Final Master's Project
Final Master's Project
6.0
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.
