BA/BS in Finance and insurance mathematics

General Description: Objective(s) of a study programme: To prepare professionals who have fundamental background in pure mathematics and information technologies, together with detailed understanding of demographical, economical, insurance, financial risks, and are able to apply theoretical knowledge to solve practical problems. Program graduates are capable of thinking abstractly, logically and critically, operating in various professional environments, and demonstrating necessary skills to pursue academic careers. Learning outcomes: Activities of teaching and learning: Methods of assessment of learning achievements: Framework: Study subjects (modules), practical training: The first 2 years of study programme cover basic mathematical principles and methods of analysis, as well as practical and finance-related subjects: Core mathematics subjects - 60 credits, Informatics - 20 credits, Micro / Makroeconomics and Foreign language - 10 credits, Introductory course to Financial and Actuarial Mathematics - 10 credits, Optional courses - 10 credits. Year Three and the Autumn semester of Year Four focus on abstract, sophisticated mathematics (20 credits), and its applications (45 credits), including optional courses (20 credits) and Scientific writing and research course (5 credits). Internship and Graduation theses make up 30 credits. Among the above-mentioned optional courses (in total 30 credits) 15 credits are dedicated to General University Studies. Specialisations: Optional courses: Distinctive features of a study programme: - Program syllabus is in line (covers 75–80% of required skills and competences) with the requirements of Lithuanian Society of Actuaries and International Actuarial Association; - Program strives to achieve a balance between pure mathematics, applications of mathematics in finance (including insurance) and management of (financial) risks as well as informatics. - Students are acquainted with the principles of scientific research; the brightest ones have multiple opportunities to participate in the research activities of the faculty (seminars, joint papers, etc.). Access to professional activity or further study: Access to professional activity: Programme graduates are expected to be successfully employed as actuaries, financial analysts, consultants in the financial/insurance sector and in public administration, namely, in insurance companies, pension/investment funds, health care and social security organizations, general financial and risk management institutions, etc. Access to further study: Upon completion of the Bachelor programme, graduates may engage in further studies at the Master's level in Financial and Actuarial Mathematics as well as other programmes in Mathematics, Statistics or Economics.