Financial and Insurance Mathematics

Market trading is a mathematical game

Bachelor's degree programme, full-time study mode, single-subject, Czech, 3 years 
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The objectives the of the three-year Bachelor's degree programme of Financial and Insurance Mathematics are to educate and prepare experts for the work in the insurance and banking, with a broad basis of knowledge in mathematics and thorough skills and knowledge in the field of financial mathematics, banking, and insurance. The main purpose of the studies is to acquaint students with both theoretical and practical aspects of mathematical models and analytical methods.

This approach to the studies in this study programme provides students with basic skills and knowledge in various areas of mathematics, with the emphasis on applications of mathematical-statistical methods for banking and insurance. Besides mathematical courses, students take also selected courses at the Faculty of Economics and Administration. Theoretical courses are supplemented by practical courses enabling students to master modern methods of mathematical modelling in banking and insurance, data analysis, and their computer implementation.

The study programme aims mostly at students with a solid background in mathematics from grammar school who are interested in applying mathematics to solving practical problems, which are commonly encountered in financial and insurance sectors.

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After successfully completing his/her studies the graduate is able to:

  • apply logical, analytical, and abstract thinking when solving practical problems
  • understand general theoretical principles of mathematical methods
  • apply analytical and optimization methods to solving practical problems
  • solve problems in banking and insurance and interpret results in practice
  • implement methods on computer and work with data sets
  • use modern mathematical tools for computations in problems of financial and insurance mathematics
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The graduates will find employment in financial institutions - banks, insurance companies, pension and investment funds, audit and consultancy companies. They can work as company financial analysts and in the state administration.

Most students are expected to continue in their studies and enrol in the follow-up Master's degree programme of Financial Mathematics.

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The standard duration of studies is 6 semesters. To be admitted to the final state examination students must obtain a total of 180 ECTS credits for required, selective, and elective courses. Required courses constitute the basis of the discipline and make up 116 credits (including credits for courses focusing on writing a Bachelor’s thesis, language courses, and sport activities). Out of the selective courses, which make up 28 credits in total, students choose according to their interests and intended professional specialization. The remaining 36 credits can be obtained from optional courses offered in the study plan of the given study programme or from other courses offered by any other study programme.

During the course of their studies students should follow the Course Catalogue for their year of matriculation. More informations can be found on the department website: http://www.math.muni.cz/pro-studenty/studium-obecne-informace.html

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The final state examination consists of two parts - defence of the Bachelor's thesis and an oral examination. The aim of the oral examination is to verify that the student can lead a discussion at a certain professional level. The purpose is to show a general overview of basic concepts and results of the individual branches and their relations in a broader context.

More information can be found on the department's website:

http://www.math.muni.cz/pro-studenty/studium-bakalarske-studium.html

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After completion of the Bachelor's studies, it is possible to continue further studies in any Master's degree programme (after satisfying the admission requirements). At the Faculty of Science students can apply for admission to a follow-up Master's degree programme in Financial Mathematics.

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Field of study specifications

Field of Study: Financial and Insurance Mathematics
Abbreviation: FINPOJ
Code: 1103R008
Type: Bachelor's degree programme
Degree: Bc.
Accreditation: to 31/12/2024
Programme: B1101 B-MA Mathematics
Faculty of Science
Field of study guaranteed by:
Faculty of Science
Field guarantor:
doc. RNDr. Martin Kolář, Ph.D.