Master in Financial and Actuarial Mathematics

Tuition fees are 5,200 EUR per year; applications for the Sep 2027 intake are due by Jul 1, 2027.

The study programme provides a high-profile education in financial and actuarial mathematics, with an emphasis on the theoretical foundations of various methods and techniques in probability theory, stochastic analyses, risk theory, and the related fields. Graduates of the programme are qualified to analyse and solve problems in theoretical models of finance and insurance, with the implementation of their obtained solutions in practice.

Vilnius University is the oldest university in the Baltic states, founded in 1579. It is a public university with over 26,000 students and 4,000 staff members. It offers a wide range of undergraduate, graduate, and doctoral programs in the fields of humanities, social sciences, natural sciences, medicine, and engineering. Vilnius University is ranked #351-400 in the QS World University Rankings 2024. It is also a member of the Coimbra Group and the European University Association.

Vilnius University was founded in 1579, making it the oldest and largest university in Lithuania and one of the oldest in Central and Eastern Europe. It teaches around 26,500 students, including about 3,400 from abroad, and is ranked first in Lithuania and among the world's top 500 by QS.

How tuition works

Fees are set per programme rather than as a single university-wide rate. This catalogue lists 46 of its degrees, almost all at master's level, with tuition mostly falling between €4,300 and €5,500 a year. Vilnius follows the European Credit Transfer System, so most master's programmes run two years.

Vilnius

You will study in Vilnius, Lithuania's capital, on a campus that has been in continuous use since the university's founding. Its observatory still carries the inscription 'Hinc itur ad astra', from here the way leads to the stars. The university's Services for Students cover accommodation, career guidance and exchange opportunities for the roughly one in eight students who come from abroad.