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Program Overview

High-profile education in financial and actuarial mathematics with an emphasis on the theoretical foundation of various methods and techniques of probability theory, stochastic analysis, risk theory, and related fields.

Graduates of the programme are qualified to analyze and solve problems in theoretical models of finance and insurance, with the implementation of obtained solutions in practice.

The programme provides a solid, high-level theoretical foundation needed to understand and apply state-of-the-art research results in practice. Students learn the possibilities and restrictions of popular financial and actuarial models, tools, and ideas.

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Program Highlights

Gain a solid high-level theoretical foundation needed to understand and apply state-of-the-art research results in practice.
Develop the competencies needed for the international labor market through the Financial and Actuarial Mathematics Master’s program.
Work in the insurance companies, banks, pension and investment funds, consulting firms, government agencies, etc.
Work in financial analysts, risk assessors, consultants both for Lithuanian and foreign institutions supervising financial and insurance markets.
Pursue further studies at the doctoral level in Mathematics and/or Statistics after graduating.

What's Included

Tuition & Fees

Program Details

Learn all the nitty gritty details you need to know

Locations

  • Vilnius, Lithuania

Fields & Subjects

  • Economics
  • Mathematics
  • Statistics

Available Terms / Availability

  • Years Offered
  • 2026, 2027, 2028, 2029

Eligible Nationalities

  • Afghani
  • Albanian
  • Algerian
  • American
  • Andorran
  • Angolan
  • Antarctica
  • Antiguan & Barbudan
  • Argentinian
  • Armenian
  • Aruban
  • Asian
  • Australian
  • Austrian
  • Azerbaijani
  • Bahamian
  • Bahraini
  • Bangladeshi
  • Barbadian
  • Basotho
  • Belgian
  • Belizean
  • Beninese
  • Bermudian
  • Bhutanese
  • Bissau-Guinean
  • Bolivian
  • Bonaire
  • Bosnian
  • Botswana
  • Brazilian
  • British
  • British Virgin Islander
  • Bruneian
  • Bulgarian
  • Burkinabe
  • Burundian
  • Cambodian
  • Cameroonian
  • Canadian
  • Cape Verdean
  • Caymanian
  • Central African
  • Chadian
  • Channel Islander
  • Chilean
  • Chinese
  • Colombian
  • Comoran
  • Congolese
  • Cook Islander
  • Costa Rican
  • Creole
  • Croatian
  • Cuban
  • Curacao
  • Cypriot
  • Czech
  • Danish
  • Djibouti
  • Dominican
  • Dutch
  • Ecuadorian
  • Egyptian
  • Emirati
  • English
  • Equatorial Guinean
  • Eritrean
  • Estonian
  • Ethiopian
  • European
  • Fijian
  • Filipino
  • Finnish
  • French
  • Gabonese
  • Gambian
  • Georgian
  • German
  • Ghanaian
  • Gibraltarian
  • Greek
  • Greenlandic
  • Grenadian
  • Guadeloupian
  • Guatemalan
  • Guinean
  • Guyanese
  • Haitian
  • Hawaiian
  • Honduran
  • Hungarian
  • I-Kiribati
  • Icelandic
  • Indian
  • Indonesian
  • Iranian
  • Iraqi
  • Irish
  • Israeli
  • Italian
  • Ivorian
  • Jamaican
  • Japanese
  • Jordanian
  • Kazakhstani
  • Kenyan
  • Kittitian, Nevisian
  • Kiwi
  • Korean
  • Kuwaiti
  • Kyrgyzstani
  • Lao or Laotian
  • Latvian
  • Lebanese
  • Liberian
  • Libyan
  • Liechtenstein
  • Lithuanian
  • Luxembourg
  • Macedonian
  • Malagasy
  • Malawian
  • Malaysian
  • Maldivian
  • Malian
  • Maltese
  • Manx
  • Marshallese
  • Martiniquais
  • Mauritanian
  • Mauritian
  • Mexican
  • Micronesian
  • Moldovan
  • Monegasque
  • Mongolian
  • Montenegrin
  • Montserratian
  • Moroccan
  • Mozambican
  • multi
  • Myanmar
  • Namibian
  • Nauruan
  • Nepalese
  • New Caledonian
  • Ni-Vanuatu
  • Nicaraguan
  • Nigerian
  • Nigerien
  • Niuean
  • Norwegian
  • Omani
  • Pakistani
  • Palauan
  • Palestinian
  • Panamanian
  • Papua New Guinean
  • Paraguayan
  • Peruvian
  • Polish
  • Polynesian
  • Portuguese
  • Puerto Rican
  • Qatari
  • Reunionese
  • Romanian
  • Rwandan
  • Saban
  • Sahrawian, Sahraouian
  • Saint Helenian
  • Saint Lucian
  • Saint Vincentian or Vincentian
  • Salvadoran
  • Sammarinese
  • Samoan
  • Sao Tomean
  • Saudi Arabian
  • Scottish
  • Senegalese
  • Serbian
  • Serbian; Montenegrin
  • Seychelles
  • Sierra Leonean
  • Singaporean
  • Slovak
  • Slovenian
  • Solomon Islander
  • Somali
  • South African
  • South Sudanese
  • Spanish
  • Sri Lankan
  • St. Barts
  • Statian
  • Sudanese
  • Surinamese
  • Swazi
  • Swedish
  • Swiss
  • Syrian
  • Tahiti
  • Taiwanese
  • Tajikistani
  • Tanzanian
  • Thai
  • The Vatican
  • Tibet
  • Timorese
  • Togolese
  • Tongan
  • Trinidadian, Tobagonian
  • Tunisian
  • Turkish
  • Turkmen
  • Turks and Caicos
  • Tuvaluan
  • Ugandan
  • Ukrainian
  • Uruguayan
  • Uzbekistani
  • Venezuelan
  • Vietnamese
  • Virgin Islander
  • Welsh
  • Yemeni
  • Zambian
  • Zimbabwean

Education Levels & Language

  • Language
  • English
  • Education
  • Bachelor’s degree

Accommodation Options

  • Apartment/Flat
  • Independent living
  • Other

Application Procedures

  • Online Application
  • Transcript
  • Other

Age Requirement

18+

Starts At

$2,000-$5,000, $5,000+

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