Master On Campus

Financial and Actuarial Mathematics

Vilnius University

18 months
5000 EUR/year
4787 EUR/year
Tuition fee
Apply date
Start date


The focus of the Financial and Actuarial Mathematics study programme at Vilnius University 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 at Vilnius University match the requirements of international labor market and the best students are encouraged to publish their works in national and international journals.

Career Opportunities

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.

Programme Structure

Courses include:

  • Time Series Analysis
  • Nonlife Insurance
  • Selected Topics in Analysis
  • Stochastic Analysis
  • Probability Theory and Mathematical Statistics
  • Life Insurance. Health Insurance
  • Risk Theory

Key information


  • Full-time
    • 18 months

Start dates & application deadlines

More details

Applications for studies starting in September are open. The deadlines for applications are:

  • June 1st | for applicants from non-EU/EFTA countries and all applicants to Medicine and/or Dentistry study programmes;
  • July 15th | for applicants that are not required to obtain a national visa for arrival to Lithuania, as well as for non-EU/EFTA applicants with Lithuanian Embassies in their home countries.




On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Other requirements

General requirements

  • At least first level studies leading with a bachelor diploma are required
  • 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 is held by electronic means remotely

Tuition Fee

To alway see correct tuition fees
  • International

    5000 EUR/year
    Tuition Fee
    Based on the tuition of 5000 EUR per year during 18 months.
  • EU/EEA

    4787 EUR/year
    Tuition Fee
    Based on the tuition of 4787 EUR per year during 18 months.

Living costs for Vilnius

490 - 856 EUR /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


  • The Grand Duchy of Lithuania Scholarship
  • Tuition fee waivers and scholarships to apply before studies
  • Scholarships to get during the study period

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.

Fresh content

Updated in the last year

Check the official programme website for potential updates.

Our partners

Financial and Actuarial Mathematics
Vilnius University


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