|Nominal duration||2 year (120 ECTS)|
|Awards||MSc (Master of Science)|
Further information: www.math.ut.ee/en/admission/admission-actuarial-and-financial-engineering
Undergraduate diploma (or higher)
Bachelor’s degree or equivalent.
The entry qualification documents are accepted in the following languages: English / Estonian.
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 the university by postal mail, according to the instructions given by the institution. Important! Never send original documents by post!
Please note that the documents are expected to be mailed to the University only by those receiving the admission offer (unless instructed otherwise by the admissions staff).
Address for sending the application documents:
Accepted proof of proficiency: IELTS 5.5+, TOEFL IBT 75+ or TOEFL paper based test 537+
For details, see www.ut.ee/requirements
A motivation letter must be added to your application.
Estonian applicants should apply from February 6 until March 15 via SAIS.
Specific requirements for Non-EU applicants:
Please check the country-specific information to find out if there are additional requirements you need to meet: www.ut.ee/en/country-specific-requirements.
If admitted, you will most likely need to apply for visa/residence permit. Please find more information about the application process: www.ut.ee/en/welcome/non-eu-citizens-residence-permits-and-visas.
2-year master’s programme prepares specialists for financial sector, banking and insurance industries in quantitative methods of risk assessment and hedging, providing knowledge and skills in two major areas – financial engineering and insurance mathematics. Sound knowledge and interest in mathematics are advantageous to succeeding in this master’s programme.
The ability to derive, implement and use correctly numerical procedures for computing various financial quantities is crucial for being successful in the field of quantitative finance. It is also helps to make better choices when buying an insurance policy or stock options.
The programme offers knowledge, practical skills and competence needed to succeed in careers at banks, insurance companies, consulting, financial utilities and financial supervisory authorities. All graduates can find jobs easily in Estonia and around the world.