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MScActuarial and Financial Engineering

Tuition fee €5,000 per year

There are 9 tuition-waivers available for top ranked applicants in 2020/21, including 8 tuition-waivers for EU applicants, 1 tuition-waiver for non-EU applicants. More information on tuition fees is available at

Application fee €50 one-time

Application fee is non-refundable.
Further information:

More information 


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.

Programme structure

Career opportunities

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.

Apply now! Fall semester 2020/21
Application start
Jan 2, 2020
Application deadline
Mar 15, 2020 23:59
Europe/Tallinn time
Studies commence
Aug 31, 2020

Application deadlines apply to citizens of: United States