Master's Degree in Actuarial and Financial Sciences
Barcelona, Spain
DURATION
2 up to 2 Years
LANGUAGES
Spanish
PACE
Full time
APPLICATION DEADLINE
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EARLIEST START DATE
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TUITION FEES
EUR 28 / per year *
STUDY FORMAT
On-Campus
* 27.67 euros per credit (82 euros for students who are not EU nationals and do not currently reside in Spain). Fees for the academic year 2024-2025
Introduction
An actuary is an expert in financial, demographic and insurance risk assessment, with a solid technical background in mathematics, statistics, economics and law. The master's degree in Financial and Actuarial Sciences provides the multidisciplinary training required to work as an actuary in compliance with international standards. The program covers the Core Syllabus requirements for actuarial training established by the International Actuarial Association and the Actuarial Association of Europe
The master's degree is structured along the same lines as the most renowned university programs in actuarial training in Europe and meets the professional requirements of the insurance and finance sectors (insurance, social welfare systems, financial tools and markets, and the assessment and management of associated risks). Therefore it also meets the training demands set out in the EU Solvency II Directive.
The course consists of 90 core credits plus 30 credits of face-to-face bridging courses. The bridging courses are subjects from the specialization in Finance and Insurance of the UB bachelor's degree in Business Administration and Management.
The languages of instruction for this course are as follows:
- First year: Spanish
- Second year:
- Spanish (Applied specialization)
- English (Advanced specialization)
Gallery
Admissions
Curriculum
The master's degree in Financial and Actuarial Sciences is firmly focused on the job market. As such, its main objective is to offer future actuaries high-quality, multidisciplinary training that will equip them for successful national and international careers.
The solid technical training provided, particularly in the specialization in Advanced Financial and Actuarial Models, will also enable graduates to access doctoral studies.
The program seeks to facilitate student exchange and professional mobility across borders, thanks to compliance with the Core Syllabus requirements.
Students may choose from two specializations. The first, Applied Financial and Actuarial Models, taught in Spanish, aims to broaden their knowledge of the application and interpretation professional financial and insurance methods and techniques. The second, Advanced Financial and Actuarial Models, taught in English, introduces students to research and builds independent problem-solving and decision-making skills in the areas of finance and insurance. It is suitable preparation for further study at doctoral level.
Program Tuition Fee
Career Opportunities
Actuaries are experts in insurance, public and private pensions, financial tools and markets and risk management and uncertainty quantification. They are therefore highly sought after in the banking sector and by insurance firms, companies with in-house risk management departments, auditors, consultancies and other corporations they need experts with the quantitative skills to carry out risk management tasks.
They also have a series of functions attributed to them by law. Current regulations on insurance, pensions and social welfare place actuaries at the centre of quantitative decision-making, and similar importance derives from the Solvency II Directive, which makes express mention of actuarial functions.
Program Admission Requirements
Show your commitment and readiness for Grad school by taking the GRE - the most broadly accepted exam for graduate programs internationally.