Õppetöö asukoht	Eesti, Tartu
Õppetase	Postgraduate, full-time
Nominaalkestus	2 years (120 ECTS)
Õppekeel	inglise
Kraad / diplom / tunnistus	MSc (Master of Science)

Õppemaks	6 000 € aastas There are 8 tuition waivers available for top ranked applicants with EU/EEA/Swiss citizenship in 2024. More information on tuition fees is available at www.ut.ee/tuition. NB! Applicants who are not citizens of EU/EEA/Switzerland must pre-pay half of the first semester’s tuition-fee after receiving an admission offer.
Kandideerimistasu	100 € one-time Application fee is non-refundable. Further information: www.ut.ee/application-fee

Sisseastumisnõuded

Undergraduate diploma (or higher) Bachelor’s degree or equivalent (must be obtained by the end of July) – 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 and our step-by-step application guide at www.ut.ee/fineng. The entry qualification documents are accepted in the following languages: inglise / eesti.

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

Muud nõuded

Avaldusele tuleb lisada motivatsioonikiri. Please upload the final version of the motivation letter before submitting the application. It can not be edited after the application is submitted. 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%).

Rohkem infot	ut.ee/finmath

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.

Why study Actuarial and Financial Engineering?
• The only programme of this kind in the Nordic region, meeting EU educational standards in actuarial mathematics.
• Special emphasis on applied mathematical models and quantitative methods.
• After graduation, you can pursue your career at banks, insurance companies and financial authorities as an analyst, actuary or risk engineer.
• Study in the University of Tartu Delta Centre which brings together a vibrant community of students, researchers and innovators in the fields of computer science, business and economics, mathematics and statistics.

Struktuur

Please see the programme structure in our Study Information System

Karjäärivõimalused

The Actuarial and Financial Engineering master’s programme prepares students for professional opportunities or further PhD studies in Mathematical Statistics at the University of Tartu or elsewhere. The University of Tartu offers doctoral programmes in Mathematics, Economics or Mathematical Statistics with specialisation in Financial Mathematics