Program Overview

Program Overview

The Financial and Insurance Mathematics program at Vilnius University provides deep mathematical knowledge and trains high-qualification specialists in financial and insurance mathematics. The program enables students to acquire skills in independent learning, teamwork, and problem-solving, preparing them for successful careers in the financial and insurance sectors.

Program Details

• Qualification Level: Master's degree in Mathematical Sciences
• Department: Faculty of Mathematics and Informatics
• Duration: 1.5 years
• City: Vilnius
• Study Field: Applied Mathematics
• Credits: 90.0
• Study Form: Full-time
• Language: English

Admission Requirements

• Candidates must hold a Bachelor's degree or an equivalent qualification in the relevant field.
• Admission requirements and the composition of the competitive score are provided in the Competitive Score Structure Table.
• The competitive score consists of the evaluation of motivation, academic achievements, and other factors as specified in the table.

Tuition Fees

• The annual tuition fee for a state-funded place is 0.
• The annual tuition fee for a non-state-funded place is 5,538.

Scholarships

• Students can apply for scholarships based on their academic performance, research activities, or social needs.
• The university offers various types of scholarships, including those for excellent academic achievements, research, and social activities.

State-Funded Loans

• Students can apply for state-funded loans to cover tuition fees and living expenses.
• The loans are administered by the State Studies Foundation.

Reduction of Tuition Fees

• Tuition fees can be reduced for students who are actively involved in research, cultural, or sports activities.
• The reduction can range from 30% to 100%, depending on the student's achievements and the type of activity.

Compensation of Tuition Fees

• Students can apply for compensation of tuition fees based on their academic performance.
• The compensation can cover up to 100% of the tuition fee.

Career Opportunities

• Graduates of the Financial and Insurance Mathematics program can work as actuaries, financial specialists, consultants, or risk managers in banks, insurance companies, pension funds, or other financial institutions.
• They can also pursue further studies in financial and insurance mathematics or related fields.

Frequently Asked Questions

• Q: Can I study in a state-funded place and not pay tuition fees?
  • A: Yes, if you meet the admission requirements and are selected for a state-funded place.
• Q: How can I apply for a scholarship?
  • A: You can apply for a scholarship through the university's website or by contacting the student affairs department.

Additional Information

• The program is designed to provide students with a deep understanding of mathematical and statistical methods in finance and insurance.
• The program includes courses in financial mathematics, insurance mathematics, probability theory, and statistics.
• Graduates of the program can pursue careers in finance, insurance, and related fields, or continue their studies in a doctoral program.