Financial and Actuarial Mathematics (Master)

Vilnius University Lithuania

For more information about Financial and Actuarial Mathematics at Vilnius University, please visit the webpage using the button above.

The award

How long you will study
3 Semester

Domestic course fees
find out

How you will study

Course starts

International course fees
EUR 4500 per year

All study options

About Financial and Actuarial Mathematics at Vilnius University


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.


Students can participate in ERASMUS+ mobility programme which gives an opportunity to study at VU’s Partner University for 1 or 2 semesters or do internship abroad.


Upon completion of the studies, a student may work in the 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.

Study options for this course

  • The award How you will study How long you will study Course starts Domestic course fees International course fees
  • The awardMasterHow you will studyFull-timeHow long you will study3 semester
    Course startsSeptemberDomestic course fees find outInternational course feesEUR 4500 per year

Entry requirements

  • Bachelor degree 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).
  • English language proficiency - the level not lower than B2 (following the Common Framework of Reference for Language approved by the Council of Europe).
  • Assessment of motivation and entrance examination is held by electronic means remotely.

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