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 is also helps to make better choices when buying an insurance policy or stock options.
The Actuarial and Financial Engineering programme at University of Tartu prepares students for professional opportunities or further PhD studies in Mathematical Statistics at the University of Tartu or elsewhere. The University of Tartu offers doctoral programmes in Mathematics, Economics or Mathematical Statistics with specialisation in Financial Mathematics
Get more detailsVisit official programme website
- Mathematical Statistics
- Stochastic Models
- Generalized Linear Models
- Time Series Analysis
- Computational Finance
- Life Insurance Mathematics
Students interested in working in financial sector, banking and insurance industries or continuing their studies on PhD level. Sound knowledge and interest in mathematics are advantageous to succeding in this master's programme.
The programme manager is Meelis Käärik, Associate Professor in Probability Theory at the University of Tartu.
Check out the full curriculumVisit official programme website
- 24 months
Start dates & application deadlines
- Apply before
DisciplinesMathematics Financial Mathematics Statistics
Explore more key informationVisit official programme website
- 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 – acceptable tests and exempt categories are specified
Applications are evaluated based on
- average grade of the previous study level (yields 50% of the final score)
- the score of the motivation letter (yields 50% of the final score)
Make sure you meet all requirementsVisit official programme website
International5000 EUR/yearTuition FeeBased on the tuition of 5000 EUR per year during 24 months.
EU/EEA5000 EUR/yearTuition FeeBased on the tuition of 5000 EUR per year during 24 months.
Living costs for Tartu
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
Double-check all feesVisit official programme website
Apply and win up to €10000 to cover your tuition fees.