Program Overview
The Financial and Actuarial Mathematics at Vilnius University is a Master programme in Mathematics & Statistics over 18 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 mathematics & statistics. 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 Financial and Actuarial Mathematics programme are well-prepared for careers in academia, industry, government, and the private sector across Lithuania and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 18 months
- Language of instruction: English
- Study mode: On-campus
- Tuition: EUR 2,542 (Tuition (Year)) — International students; EUR 2,542 (Tuition (Year)) — EU/EEA students
- Location: Vilnius, Lithuania
Career Opportunities
Graduates of the Financial and Actuarial Mathematics programme are prepared for diverse careers in mathematics & statistics:
- Actuary
- Quantitative Analyst
- Data Analyst
- Risk Manager
- Financial Modeller
- Statistical Researcher
Program Curriculum
Course Structure
- Time Series Analysis
- Non-Life Insurance
- Selected Topics in Analysis
- Stochastic Analysis
- Probability Theory and Mathematical Statistics
- Financial Mathematics
- Life Insurance. Health Insurance
- Risk Theory
- Survival Theory
- Stochastic Models of Financial\nMathematics
- Pension Funds
- Risk Management
- Final Thesis
Admission Requirements
Academic Requirements
- Bachelor degree in financial and actuarial mathematics;
- Bachelor degree in mathematics, statistics, economics, or physics with additional prerequisites: Microeconomics and macroeconomics (minimum 4 credits); Probability theory (including theory of stochastic processes) and mathematical statistics (8 credits); Other disciplines of mathematics (20 credits); Basics of financial and actuarial mathematics (10 credits).
- English language proficiency - the level not lower than B2 (following the Common Framework of Reference for Language approved by the Council of Europe).
Tuition & Financial Information
Tuition Fee
EUR 2,542 (Tuition (Year)) — International students; EUR 2,542 (Tuition (Year)) — EU/EEA students
Tuition fees: EUR 2,542 (Tuition (Year)) — International students; EUR 2,542 (Tuition (Year)) — EU/EEA students
Financial Aid & Scholarships
Contact Vilnius University 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 Vilnius University
Vilnius University
Vilnius, Lithuania
public research university in Vilnius, Lithuania
University Profile- Application Deadline May, 2027
- Start Date Sep, 2026
- Language English
- Duration 18 months
