University of Warmia and Mazury in Olsztyn

Bachelor in Financial and actuarial mathematics

Olsztyn, Poland Taught in English Open to international students

About the Program

Financial and Actuarial Mathematics is a bachelor's program offered in English by the University of Warmia and Mazury in Olsztyn, running over six semesters. The program trains specialists in a field built largely on mathematics, drawing on areas of knowledge derived from or closely tied to mathematical methods. Alongside a strong grounding in high-level mathematics, students learn mathematical models used in finance and insurance, and become familiar with optimization and numerical techniques for problem solving, supported by the IT tools needed to apply them. Students who follow the teaching specialization within the program gain the knowledge, skills, and competencies needed to teach mathematics at various levels of education. Those who follow the financial mathematics track are prepared for the financial and insurance sector, where graduates are generally readily employed. The combination of theoretical mathematics with applied financial and actuarial content positions graduates for analytical roles that require both quantitative rigor and domain knowledge of financial products and risk. Actuarial and financial mathematics as a discipline typically covers probability theory, statistics, stochastic processes, and financial modelling, all applied to problems such as pricing insurance products, assessing risk, and valuing financial instruments. Careers open to graduates include actuary, financial analyst, risk analyst, insurance underwriter, and data analyst roles in banks, insurance companies, and consulting firms, as well as further academic study at the master's level in mathematics, finance, or a related quantitative field. Olsztyn, in northeastern Poland, is home to the University of Warmia and Mazury, one of the region's larger public universities, offering an academic environment for students pursuing rigorous quantitative degrees taught in English.

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