Financial and Actuarial Mathematics, Master | Vilnius University | Vilnius, Lithuania
Master On Campus

Financial and Actuarial Mathematics

18 months
5000 EUR/year
4916 EUR/year
Tuition fee
Apply date
Start date


Graduates of the Financial and Actuarial Mathematics study programme at Vilnius University are qualified to analyze and solve problems in theoretical models of finance and insurance, with the implementation of obtained solutions in practice.


High-profile education in financial and actuarial mathematics with an emphasis on the theoretical foundation of various methods and techniques of probability theory, stochastic analysis, risk theory, and related fields.

Career Opportunities

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 of  Financial and Actuarial Mathematics study programme at Vilnius University can also pursue further studies at the doctoral level in Mathematics and/or Statistics.

Programme Structure

Courses include:

  • Financial Technology Models
  • Selected Topics in Analysis
  • Stochastic Analysis
  • Probability Theory and Mathematical Statistics
  • Time Series Analysis

Key information


  • Full-time
    • 18 months

Start dates & application deadlines




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

    4916 EUR/year
    Tuition Fee
    Based on the tuition of 4916 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.

Our partners

Financial and Actuarial Mathematics
Vilnius University
Financial and Actuarial Mathematics
Vilnius University


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