Quantitative Finance and Actuarial Sciences

• Duration: 4 semesters (2 years)
• Points: 120 ECTS
• Title: Master of Science
• Study mode: Full-time
• Language: English
• Start of studies: October
• Application deadline: 30 June
• Tuition fee: Students do not pay tuition fees for full-time studies*

*Applies to students from EU and some non-EU countries. For detailed information, please visit our Fees and Price list webpage.

1st year

1st semester

• Probability and Statistics (10 ECTS)
• Asset Pricing Theory (10 ECTS)
• Financial Institutions Accounting (10 ECTS)

2nd semester

• Time-Series and Panel Data Econometrics (8 ECTS)
• Valuation of Financial Derivatives (8 ECTS)
• Contract Theory in Finance and Insurance (7 ECTS)
• Elective course (7 ECTS)

2nd year

1st semester

• *Risk Management (8 ECTS)
• *Risk Modeling in Insurance (8 ECTS)
• *Empirical Finance (8 ECTS)
• *Life and Pension Insurance (8 ECTS)
• Master's thesis proposal (14 ECTS)

2nd semester

• *Non-life Insurance (7 ECTS)
• *Quantitative Behavioral Finance (7 ECTS)
• Elective course (7 ECTS)
• Master's thesis (16 ECTS)

The student selects one set of courses:

• Set 1 (Quantitative Finance) - Risk Management, Empirical Finance and Quantitative Behavioural Finance
• Set 2 (Actuarial Sciences) - Risk Modeling in Insurance, Life and Pension insurance and Non-life Insurance

Graduates are prepared for high-stakes leadership in the financial sector, entering specialised roles that define global risk and investment strategy, including:

• Actuary
• Financial quantitative modeller
• Financial quantitative analyst
• Asset manager
• Risk manager

By combining mathematical precision with financial expertise, our alumni secure key positions in insurance, banking, and investment firms, where they drive data-led decisions and manage global financial stability.

The programme is offered as a full-time study, allowing students to be fully immersed in a rich learning environment that combines academic knowledge with practical experience. This format supports close collaboration with peers, active participation in field research and excursions, and direct engagement with industry professionals.

This programme offers a unique opportunity to obtain a double degree!

Double degrees in the Quantitative Finance and Actuarial Sciences programme:

• Stockholm University, Stockholm Business School, Sweden

In a double degree programme, two university degrees are obtained in parallel at two internationally recognised institutions and completed in the time required for one degree.

Double degree programmes provide an excellent opportunity for students to gain both academic knowledge and intercultural experience. These programmes offer a broad education and require a high level of ambition, organisation, and commitment. Some programmes include internships, opening up opportunities in the international labour market. Additionally, tuition fees are waived at partner institutions (with the exception of the double degree programme with NOVA IMS).

More on double degrees

The following students can enrol in Year 1:

• Anyone who has completed a first-cycle study programme in relevant professional fields and has achieved at least 180 ECTS credits;

• Anyone who has completed a study programme for obtaining a higher professional education in relevant professional fields;

• Anyone who has completed equivalent study programmes listed in the previous indents in other professional fields and has completed additional study obligations in the amount of 12 ECTS credits. Additional study obligations are completed by the student before enrolment in the postgraduate master's degree programme by taking Microeconomics 1 (6 ECTS) and Mathematics for Business and Economic Sciences (6 ECTS).

The bachelor or first-cycle study programmes referred to in the first and second indents which are taken into account as relevant areas of expertise for enrolment in the first year of second-cycle postgraduate master's programmes are those which, according to the ISCED classification, belong to the social sciences (31) Mathematics and statistics (46) and those which, according to the KLASIUS classification, fall under Economics (314), Physics (440) and Physics and Astronomy (441).

Available Enrolment places

Available places for citizens of Slovenia and the EU:

Full-time study: 50

Available places for non-EU citizens:

Full-time study: 15

Available places for Slovenians without Slovenian citizenship:

Full-time study: 1

Selection criteria in the event of a restriction of enrolment:

If enrolment capacity is restricted, candidates will be selected on the basis of their average grade of the first-cycle study programme or bachelor studies (100%).

The entry limit for the full time study in last five years.

Whether you’re exploring your options or preparing to apply, we’re here to help. 

Leave your name and email below and one of our study advisors will contact you with clear, tailored information about the programme, the application process, and student life.

• 2025/26 study year