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Actuarial and Financial Engineering, MSc

University of Tartu, Estonia

University of Tartu

Study options for this course

The award How you will study Study duration Course start Domestic course fees International course fees
MScFull-time2 yearsSeptemberfind outEUR 6000 per year

About Actuarial and Financial Engineering, MSc - at University of Tartu

2-year master's programme prepares specialists for financial sector, banking and insurance industries in quantitative methods of risk assessment and hedging, providing knowledge and skills in two major areas - financial engineering and insurance mathematics. 

The ability to derive, implement and use correctly numerical procedures for computing various financial quantities is crucial for being successful in the field of quantitative finance. It also helps to make better choices when buying an insurance policy or stock options.

Why study financial and actuarial engineering at the University of Tartu?

  • The only programme of this kind in the Nordic region, meeting EU educational standards in actuarial mathematics.
  • Special emphasis on applied mathematical models and quantitative methods.
  • After graduation, you can pursue your career at banks, insurance companies and financial authorities as an analyst, actuary or risk engineer.
  • Study at the Delta Centre, which is one of the most modern centres of digital technology, mathematics and entrepreneurship in the Nordic region.

Notes about fees for this course

Tuition waivers and monthly stipends are available.

Entry requirements

  • Bachelor’s degree or equivalent qualification (must be obtained by the end of July)
  • Prerequisite courses: at least 24 ECTS completed in the previous level of studies in mathematics, incl. calculus, probability, statistics and 6 ECTS completed in computer science
  • English language proficiency 

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Related Information

Find out more about studying in Estonia