Bachelor of Science (Honours) in Financial Mathematics and Risk Management
University of Malta
Information last verified July 2026
Program Overview
The Bachelor of Science (Hons) Financial Mathematics and Risk Management is a full-time four-year degree course. The first three years are common to all students. During the fourth year, you can select study units from Mathematics, Statistics, and Insurance & Risk Management. The degree provides you with the opportunity to develop a strong foundation in mathematics, statistics, and actuarial science. You will demonstrate your acquired knowledge of mathematical concepts through calculus, linear algebra, and differential equations; statistical concepts such as statistical inference, linear programming, and regression models; as well as your understanding of financial markets, investment strategies, and risk management techniques. During your final year of studies, you will demonstrate and reflect the knowledge and skills acquired by carrying out a supervised dissertation with a topic of your choice. The Bachelor of Science (Hons) Financial Mathematics and Risk Management is a full-time four-year degree course. The first three years are common to all students. During the fourth year, you can select study units from Mathematics, Statistics, and Insurance & Risk Management. The degree provides you with the opportunity to develop a strong foundation in mathematics, statistics, and actuarial science. You will demonstrate your acquired knowledge of mathematical concepts through calculus, linear algebra, and differential equations; statistical concepts such as statistical inference, linear programming, and regression models; as well as your understanding of financial markets, investment strategies, and risk management techniques. During your final year of studies, you will demonstrate and reflect the knowledge and skills acquired by carrying out a supervised dissertation with a topic of your choice. The communication and academic skills programme complements students’ main course of study. It introduces them to writing and presenting as situated within academic contexts sens
Career Opportunities
As a successful B.Sc. degree graduate, you can opt to read for a Master in Statistics, a Master in Insurance & Risk Management - Quantitative Risk Management Stream (or any other stream), Master in Operations Research, or for a Master in Mathematics (selected topics), depending on your specialisation interests. You will also have the opportunity to develop several transferable skills that are essential for success in any career. These include analytical and quantitative skills, data analysis and interpretation, communication and presentation skills, teamwork and collaboration, and the ability to work under pressure. The degree equips you with practical skills that are relevant to employability and personal development. For example, your acquired know-how of financial software tools like Reuters, and programming languages like Python, are skills highly sought after by employers in the financial services industry and other industries requiring data-driven decision-making. Additionally, you will be provided with an understanding of personal finance, investment planning, and risk management, which can help you make informed decisions about your own financial well-being.
Program Curriculum
Year 1 Year (This/these unit/s start/s in Semester 1 and continue/s in Semester 2) Compulsory Units (All students must register for this/these unit/s) SOR1110 Probability 4 ECTS (NC) SOR1222 Statistical Computing 8 ECTS (NC) SOR1310 Optimization 4 ECTS (NC) SOR1320 Linear Programming 4 ECTS (NC) SOR1450 Principles of Financial Mathematics and Life Policies 4 ECTS Semester 1 Compulsory Units (All students must register for this/these unit/s) ISR1001 Economics of Risk Management 4 ECTS MAT1091 Mathematical Methods 4 ECTS MAT1100 Introductory Mathematics 4 ECTS Semester 2 Compulsory Units (All students must register for this/these unit/s) INS1001 Applied Emerging Technologies in Risk Management 4 ECTS INS1002 Applied Behavioral Risk Management 4 ECTS INS1003 Principles of Financial Risk Management 4 ECTS INS2019 Insurance Accounting Principles 4 ECTS MAT1116 Introduction to Vector Spaces 2 ECTS MAT1211 Analysis 1 4 ECTS MAT2912 Computational Mathematics 2 ECTS Requirement for progression to Year II: 60 ECTS credits Year 2 Year (This/these unit/s start/s in Semester 1 and continue/s in Semester 2) Compulsory Units (All students must register for this/these unit/s) SOR2211 Families of Random Variables and Random Vectors 6 ECTS (NC) SOR2221 Statistical Inference 1 6 ECTS (NC) SOR2230 Time Series 1 4 ECTS SOR2330 Nonlinear Programming 4 ECTS (NC) Semester 1 Compulsory Units (All students must register for this/these unit/s) INS2015 Personal Lines Insurance 1 4 ECTS INS2021 Governance Regulations and Compliance Management 4 ECTS INS2091 Corporate Governance of Insurance Undertakings 4 ECTS MAT2112 Linear Algebra 1 4 ECTS MAT2212 Analysis 2 4 ECTS MAT2512 Vector Analysis 1 4 ECTS Semester 2 Compulsory Units (All students must register for this/these unit/s) INS2013 Business Continuity Planning 4 ECTS INS2018 Personal Lines Insurance 2 4 ECTS INS3100 An Introduction to Actuarial Science 4 ECTS MAT2213 Analysis 3 4 ECTS Requirement for regular progression to Year III: 60 ECTS
Admission Requirements
General Entry Requirements Refer to the list of country-specific qualifications Special Course Requirements A pass at Advanced Level at Grade C or better in Pure Mathematics You are viewing the entry requirements for International applicants. Switch to Local qualifications. You can submit your application online . The deadlines for submission of applications vary according to the intake and courses. We encourage all international applicants to submit their applications as soon as possible. This is especially important if you require a visa to travel and eventually stay in Malta. You can compare your national qualifications to the local requirements by visiting our qualifications comparability webpage . Access more information about our admission process and English language requirements . The University of Malta has student accommodation on campus called Campus Hub. Campus Hub is just a 2-minute walk from the main campus. For more information, visit the accommodation website . Our dedicated team at the student recruitment office is here to support you every step of the way. From the moment you start your application to the moment when you receive your decision letter, we're here to assist you. If you have any questions or need further information, don't hesitate to reach out to us. You can contact us at info@um.edu.mt , and our team will be more than happy to help. After you receive an offer from us, our International Office will assist you with visas, accommodation and other related issues.
Tuition & Financial Information
Tuition Fee
Non EU Applicants: Fee per academic year: Eur 10,800 You are viewing the fees for non EU nationals. Switch to EU nationals if you are a national of any country from within the EU/EEA.
About University of Malta
University of Malta
Msida, Malta
TheUniversity of Malta(Maltese:L-Università ta' Malta;UM; formerlyUOM) is apublic research universityin the towns ofMsidaandValletta, Malta. It serves as theflagshipandnational universityof...
University Profile- Start Date October
- Language English
- Duration 4 years
- Credits 240
