Actuarial and Financial Engineering University of Tartu

Overview

2-year master's programme prepares specialists for the 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 numerical procedures for computing various financial quantities is crucial for success in quantitative finance. It also helps make better choices when buying an insurance policy or stock options.

The teaching staff consists of professors highly qualified in financial mathematics who have also done extensive research and have international experience. Visiting international lecturers will deliver some of the courses of the programme.

Why study Actuarial and Financial Engineering at the University of Tartu ?

• It is the only programme of this kind in the Nordic region that meets the EU educational standards in actuarial mathematics.

• Particular emphasis is 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 at the University of Tartu Delta Centre, which brings together a vibrant community of students, researchers and innovators in computer science, business and economics, mathematics and statistics.

• The University of Tartu is ranked among the top 350 universities globally.

Learning outcomes

• Enrolling in the Actuarial and Financial Engineering master's programme, you'll acquire deep financial and insurance mathematics knowledge, applying it to practical problems. 

• You'll learn to create probabilistic and statistical models for the financial industry, understand life and non-life insurance principles, including reinsurance, and delve into options pricing and hedging. 

• The programme also offers opportunities for international experiences, such as a semester or traineeship abroad. You'll enhance your research skills, effectively linking theory with practice, and improve your communication skills.

Career opportunities

Graduates are welcome at:

• Banks and other financial institutions

• Insurance companies

• Financial and analytical departments of various companies

• Academic career and PhD studies