MA/MS in Financial and Insurance Mathematics

General Description: Objective(s) of a study programme: High-profile education in financial and actuarial mathematics with an emphasis on theoretical foundation of various methods and techniques of probability theory, stochastic analysis, risk theory, and related fields. Graduates of the programme are qualified to analyse and solve problems in theoretical models of finance and insurance, with implementation of obtained solutions in practice. Learning outcomes: Activities of teaching and learning: Methods of assessment of learning achievements: Framework: Study subjects (modules), practical training: Study program consists of: Advanced Mathematics (13 credits); Stochastic Analysis (11 credits); Actuarial Mathematics (19 credits); Financial Mathematics (17 credits); Master's thesis (30 credits). Specialisations: Optional courses: Distinctive features of a study programme: The focus is on theoretical results, including current research, which allow understanding processes observed in practice. Students are taught to explain the possibilities and restrictions of applying theoretical models in practice. Acquired qualification agrees with the membership requirements of Lithuanian Actuarial Society. The competencies in Financial and Actuarial Mathematics Master programme match the requirements of international labor market. The best students are encouraged to publish their works in national and international journals. Access to professional activity or further study: Access to professional activity: Masters in Financial and Actuarial Mathematics can work as actuaries, financial specialists and consultants, risk managers in insurance companies, banks, investment or pension funds, consult bureaux, etc. Access to further study: Graduates of the Master programme in Financial and Actuarial Mathematics can pursue further studies at the Doctoral level in Mathematics and/or Statistics.