Master in Financial and Actuarial Mathematics

Vilnius University, founded in 1579, is the oldest and one of the largest universities in the Baltic region, offering a wide spectrum of undergraduate, graduate, and doctoral programmes. With a long academic tradition and a vibrant campus in Lithuania's capital, the university combines historic strengths in humanities and social sciences with growing research in natural sciences, medicine, and engineering. Membership in European academic networks enhances its international profile.

The university hosts numerous research centres and institutes, supported by EU and national funding, which create rich opportunities for students to join active research projects. Vilnius University also attracts a significant international cohort and provides scholarship and financial aid options designed to help overseas students integrate academically and socially. English-taught programmes and city-centre life make Vilnius an accessible and stimulating study destination.

For prospective international students, Vilnius University offers a balance of tradition and modern research-driven teaching, with opportunities to pursue interdisciplinary study and engage in European academic exchange. The city’s cultural scene and affordable living costs complement academic life, while career services and international offices support internship placement and post-graduate planning. Review specific programme requirements and funding opportunities to plan your application and stay in Lithuania.

The Master in Financial and Actuarial Mathematics at Vilnius University is a 1-year Master's program that provides education in financial and actuarial mathematics. It's taught in English and focuses on theoretical foundations of methods and techniques in probability theory, stochastic analyses, and risk theory.

The curriculum covers topics like probability theory, stochastic analyses, and risk theory, with an emphasis on theoretical models of finance and insurance. Students learn to analyze and solve problems in these fields and implement their solutions in practice.

Graduates can pursue careers as Actuaries, Data Analysts, Quantitative Analysts, Risk Managers, or Financial Modelers. They can work in industries like finance, insurance, and consulting, and can be employed by companies like insurance firms, investment banks, or financial institutions.