MScActuarial and Financial Engineering
| Study location | Estonia, Tartu |
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| Type | Postgraduate, full-time |
| Nominal duration | 2 year (120 ECTS) |
| Study language | English |
| Awards | MSc (Master of Science) |
| Tuition fee | €3,740.00 per year Tuition-waivers available. More information on tuition fees www.ut.ee/en/prospective-students/tuition-fees |
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| Application fee | €50.00 one-time Further information: www.ut.ee/en/application-fee |
| Entry qualification | 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: |
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| Language requirements | English All applicants must comply with the English language requirements. The only acceptable English tests and exempt categories are specified at www.ut.ee/requirements |
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| 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:
Evaluation criteria:
Estonian applicants should apply from February 1 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. |
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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.