|Location||Lithuania, Sauletekio ave. 9, Building II, 10222 Vilnius|
|Nominal duration||1.5 years (90 ECTS)|
|Awards||(Master in Mathematical Science)|
|Tuition fee||€3,250.00 per year|
|Application fee||€100.00 one-time|
Undergraduate diploma (or higher)
Bachelor degree or its equivalent in financial and actuarial mathematics, or Bachelor degree in mathematics, statistics, economics, or physics with additional prerequisites: Microeconomics and macroeconomics (minimum 5 credits); Probability theory (including theory of stochastic processes) and mathematical statistics (10 credits); Other disciplines of mathematics (20 credits); Basics of financial and actuarial mathematics (10 credits).
Important: additional country-specific requirements are set only for the following countries which you can find HERE (STEP 4)
The entry qualification documents are accepted in the following languages: English / Russian / Lithuanian.
Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.
Translation is considered to be official when it is bound together with the certified true copy of the original document and is confirmed by the translator’s signature. Documents issued in English, Lithuanian or Russian must be certified true copies and do not require translation.
It is required that you send verified copies of the entry qualification documents directly to the university by postal mail. Important! Never send original documents by post!
Office of International Admissions
IELTS 5.5+; iBT TOEFL 65+
If your first language is English and/or if you have a university degree in English, you will be exempt from providing an English language test score.
At least 2 reference(s) must be provided.
A motivation letter must be added to your application.
The focus of the study programme is on theoretical results, including current research, which allow understanding processes observed in practice. Students are taught to explain the possibilities and restrictions of applying theoretical models in practice.
In addition, the competencies in Financial and Actuarial Mathematics Master program match the requirements of international labor market and the best students are encouraged to publish their works in national and international journals.
The programme graduates can work in insurance companies, banks, pension and investment funds, consulting firms, government agencies, etc. (e.g., as actuaries, financial analysts, risk assessors, consultants both for Lithuanian and foreign institutions supervising financial and insurance markets).
The graduates can also pursue further studies at the doctoral level in mathematics and/or statistics.