Program Overview
The Actuarial and Financial Engineering at University of Tartu is a MSc programme in Engineering over 24 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of engineering. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Actuarial and Financial Engineering programme are well-prepared for careers in academia, industry, government, and the private sector across Estonia and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 24 months
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 5.5
- Tuition: EUR 3,400 (Tuition (Year)) — International students
- Location: Tartu, Estonia
Career Opportunities
Graduates of the Actuarial and Financial Engineering programme are prepared for diverse careers in engineering:
- Design Engineer
- R&D Engineer
- Project Engineer
- Systems Engineer
- Technical Consultant
- Engineering Manager
Program Curriculum
Course Structure
- Preparatory module (21 ECTS) - fortifies background in probability and statistics
- Speciality module (33 ECTS) - core subjects
- Elective module (30 ECTS) \x96 additional and remedial courses, includes practice
- Optional courses (6 ECTS) \x96 all courses available at the university
- Master\x92s thesis (30 ECTS)
Admission Requirements
Academic Requirements
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor\xe2\x80\x99s degree with a minimum GPA equivalent to on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of 2.7 or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
General requirements:
- Bachelor\xc2\x92s degree or equivalent
- Applicants are required to have passed prerequisite subjects in the following areas: mathematics, incl. calculus, probability, statistics (24 ECTS) and computer science (6 ECTS)
English Proficiency: IELTS 5.5 or equivalent.
Tuition & Financial Information
Tuition Fee
EUR 3,400 (Tuition (Year)) — International students
Tuition fees: EUR 3,400 (Tuition (Year)) — International students
IELTS requirement: 5.5
Financial Aid & Scholarships
Contact University of Tartu directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About University of Tartu
University of Tartu
Tartu, Estonia
University of Tartu is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University Profile- Application Deadline 2015-03-18
- Start Date 2018-09-03
- Language English
- Duration 24 months