MScActuarial and Financial Engineering

University of Tartu
Estonia, Tartu

Faculty of Science and Technology

Study location	Estonia, Tartu
Type	Postgraduate, full-time
Nominal duration	2 year (120 ECTS)
Study language	English
Awards	MSc (Master of Science)

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/EEA/Swiss applicants, 1 tuition-waiver for other applicants. More information on tuition fees is available at www.ut.ee/tuition-fees.
Application fee	€50 one-time Application fee is non-refundable. Further information: www.ut.ee/application-fee

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/EEA/Swiss applicants, 1 tuition-waiver for other applicants. More information on tuition fees is available at www.ut.ee/tuition-fees.

Application fee

€50 one-time

Application fee is non-refundable.
Further information: www.ut.ee/application-fee

Entry qualification	Undergraduate diploma (or higher) Bachelor’s degree or equivalent – for country-specific document requirements please see www.ut.ee/country-specific. Eligible applicants must have completed the following in their prior learning period: mathematics, incl. calculus, probability, statistics (24 ECTS) and computer science (6 ECTS). Please be sure to check further information on required documents and our step-by-step application guide at www.math.ut.ee/admission-actuarial-and-financial-engineering. The entry qualification documents are accepted in the following languages: English / Estonian.

Entry qualification

Undergraduate diploma (or higher)

Bachelor’s degree or equivalent – for country-specific document requirements please see www.ut.ee/country-specific.

Eligible applicants must have completed the following in their prior learning period: mathematics, incl. calculus, probability, statistics (24 ECTS) and computer science (6 ECTS).

Please be sure to check further information on required documents and our step-by-step application guide at www.math.ut.ee/admission-actuarial-and-financial-engineering.

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

Language requirements	English All applicants must comply with our English language requirements. The only acceptable English tests and exempt categories are specified at www.ut.ee/requirements

Language requirements

English

All applicants must comply with our English language requirements. The only acceptable English tests and exempt categories are specified at www.ut.ee/requirements

Other requirements	A motivation letter must be added to your application. Please write a brief motivation letter (in English, maximum of 6000 characters with spaces) focusing on the following points: Explain your motivation for applying to the programme. (Why are you interested in actuarial and financial engineering? What are your plans for the future and how would this study programme help you achieve your goals? Is this programme your first choice? If not, what is your main interest?); Explain how your educational and professional background relates to the programme you are applying to. (What makes you a good candidate for this programme? What have you accomplished in the past? What knowledge, skills, and experiences do you have that are relevant to this programme? Do you have a prior work experience on the related field?); Please tell us about your specific research interests within the field of actuarial and financial engineering. Are you more interested in financial or actuarial side? Have you considered what could be the field/topic of your Master’s thesis? Evaluation criteria: fit between the student’s background and the programme (50%); fit between the student’s goals and the programme (25%); clarity, argumentation skills and fluency of written English (25%).

Other requirements

A motivation letter must be added to your application.

Please write a brief motivation letter (in English, maximum of 6000 characters with spaces) focusing on the following points:

Explain your motivation for applying to the programme. (Why are you interested in actuarial and financial engineering? What are your plans for the future and how would this study programme help you achieve your goals? Is this programme your first choice? If not, what is your main interest?);
Explain how your educational and professional background relates to the programme you are applying to. (What makes you a good candidate for this programme? What have you accomplished in the past? What knowledge, skills, and experiences do you have that are relevant to this programme? Do you have a prior work experience on the related field?);
Please tell us about your specific research interests within the field of actuarial and financial engineering. Are you more interested in financial or actuarial side? Have you considered what could be the field/topic of your Master’s thesis?

Evaluation criteria:

fit between the student’s background and the programme (50%);
fit between the student’s goals and the programme (25%);
clarity, argumentation skills and fluency of written English (25%).

More information	math.ut.ee/..on/masters-programmes-english

Overview

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

http://www.math.ut.ee/en/admission/courses-and-people

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

Aug 31, 2020

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Application deadlines apply to citizens of: United States