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University of Tartu

Estonia, Tartu

This information applies specifically to Estonia.

If you are not a citizen of Estonia, please choose the right country at the top of the page.

Location Estonia, Tartu
Type Postgraduate, full-time
Begins September
Duration 1 year
Study language English
Awards MSc
Tuition fee €3,200.00 per year
Entry qualification Undergraduate diploma (or higher)

  • 4 year bachelor's degree (or equivalent) in the field of exact or other relevant subject area.
  • Eligible applicants must have completed the following in their prior learning period:

a) Mathematics, including Calculus, Measure-Theoretic Probability, Statistics (at least 30 ECTS),
b) Economics, including Corporate Finance, Investments and Derivatives, Microeconomics (at least 15 ECTS),
c) Computer Science (at least 9 ECTS).

Please review the required documents for additional information.


The entry qualification documents are accepted in the following languages: English.

Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.

It is required that you send verified copies of the entry qualification documents directly to Dream Foundation headoffice. Please find our address on the contacts page. Important! Never send original documents by post!

Language requirements

English
Accepted proof of proficiency: FCE or CAE or CPE, IELTS 5.5+, TOEFL 69+ or other equivalent

Other requirements

Copy of the Bachelor diploma (or highest preceding study level) and diploma supplement (transcript/mark sheet) in the original language (a copy certified by the educational institution issuing the document or a notarised copy)
Official translation of the diploma and diploma supplement (transcript/mark sheet) into English, translation certified

More information

Expenses, accommodation, working etc.

ut.ee/..degrees-in-english/masters/finmath

Application start:
1 Oct 2013

Application deadline:
10 Apr 2014 23:59 (GMT)

Course overview

This 1-year Master’s program prepares specialists in quantitative methods of risk assessment and hedging for financial sector, banking and insurance companies. The program provides knowledge and skills in two major areas - mathematics of derivative pricing and actuarial (insurance) mathematics.

Sound knowledge and interest in mathematics are advantageous to succeeding in this Master’s program.

The program makes a special emphasis on applied mathematical models and quantitative methods, meets EU educational standards in actuarial mathematics, and is the only program of this kind in the region. This makes program graduates very competitive on national and international job market.

Career opportunities

All program participants from previous years have found employment at banks and insurance companies and are considered to be well-trained to work as analysts, actuaries and risk engineers.
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