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Master's Degree in Actuarial and Financial Sciences: check its curriculum and its main career opportunities

  • June 20th, 2017
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Choosing a master’s degree is not an easy task, and that is why from the Master’s Degree in Actuarial and Financial Sciences we explain our curriculum, teaching methodology and which professions this postgraduate degree trains for.

Increasingly, the traditional separation between companies and financial institutions and insurance companies is being overcome and the large financial conglomerates operate in all sectors of the market offering their customers all kinds of savings, risk, credit... This implies that the different risks and their treatment, objective of the actuarial studies, are not a separable but unique phenomenon with common management instruments.

The master’s degree in Actuarial and Financial Sciences is structured in two 60-credits academic years. In the first year you will be trained in a great number of fields of the Actuarial Sciences, such as portfolio management, non-life insurances or stochastic processes, since the Master's Degree’s offers a solid actuarial, mathematical and financial training.

Training continues in the second year and includes the choosing of elective subjects and internships, as well as the Master's Degree Final Project (TFM).

The specific market of finances and insurances demands high-qualified professionals, among which there are court clerks or risk managers in these fields. Its purpose is precisely to analyse the different types of risks, financial or contingent, by means of models that allow predicting their occurrence and determining their quantification, preventing and preparing the supporting economic agents to deal with them.

 

The specific market of finances and insurances demands high-qualified professionals

 

For this reason, the most common professional options for the graduates in this master's degree focus on the technical departments of insurance companies (key functions of Solvency II) and financial institutions such as banks, credit institutions, pension plans and funds agencies, actuarial and financial advice and consultancy, etc. Nevertheless, they can also join any company department related to finance, risk management, administration and accounting as specialists and experts in data analysis.

Likewise, these graduates also have important possibilities in the field of self-employment, mainly performing the functions of an investment technician, stock market advisor, investment funds advisor, pension plans advisor...

The profile that is considered suitable for accessing the master's degree is a student who has completed higher education related to the Economy, especially in the field of Finance and Insurance. As, for example, the degrees in Economics or Business Administration and Management, and also the degree in Finance and Accounting.