Overview

The Financial and Actuarial Mathematics study programme at Vilnius University 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.

Career Opportunities

Graduates of the programme work in insurance companies, banks, pension and investment funds, consulting firms, government agencies, etc. (e.g. as actuaries, financial analysts, risk assessors and consultants, for both Lithuanian and foreign institutions responsible for supervising financial and insurance markets).

Our graduates 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 and Mathematical Statistics
Risk Measures
Applied Actuarial Mathematics
Risk Renewal Models

Key information

Duration

Full-time
- 18 months

Start dates & application deadlines

Starting 2026-09-01 00:00:00
- Apply before 2026-07-01 00:00:00 , EEA/EU
- Apply before 2026-05-01 00:00:00 , International

Language

English

Duolingo English Test

95

Take A Free Practice Test!

PTE Academic

59

Schedule a PTE test!

IELTS

5.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Credits

90 ECTS

Delivered

On Campus

Campus Location

Vilnius, Lithuania

Disciplines

Financial Mathematics Actuarial Science

Join for free or log in to access our complete career info list.

Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

Duolingo English Test

95

Take A Free Practice Test!

PTE Academic

59

Schedule a PTE test!

IELTS

5.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Evaluation of motivation.

In addition, all applicants have to fulfil the general admission requirements.

University Bachelor's degree certificate and its supplement (or it's equivalent).
The applicant is required to submit a motivation letter (1200-4000 characters).
The copy of your passport or ID card must be certified.

Student Insurance via Studyportals Partner

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items like Additional medical costs, Repatriation, Liability etc. Make sure your student insurance covers your needs.

Studyportals partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Vilnius University and/or in Lithuania, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

6000 EUR / year

≈ 6000 EUR / year
EU/EEA Applies to you

Applies to you

EU/EEA Nationals

5538 EUR / year

≈ 5538 EUR / year

Living costs

Vilnius

Lithuania

490 - 856 EUR / month

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

Funding

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

Win a €10000 Scholarship! Deadline: 30 June 2020

Embark on your journey with the Studyportals Scholarship! We're giving away a total of 20,000 euros to help you achieve your dream of studying abroad.

In order for us to give you accurate scholarship information, we ask that you please confirm a few details and create an account with us.

Loading

Scholarships Information

Below you will find Master's scholarship opportunities for Financial and Actuarial Mathematics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

On this page

About

Overview

Career Opportunities

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Student Insurance via Studyportals Partner

Tuition Fees

International Applies to you

EU/EEA Applies to you

Living costs

Vilnius

Funding

Scholarships Information

Available Scholarships

Our partners