2 Banking and Finance MSc Degree Programs in Czech Republic

The Financial and Insurance Mathematics study program provides education concerning the theoretical and practical knowledge of financial and insurance mathematics. On a solid mathematical background, one develops mathematical modeling in insurance, banking, and other financial institutions. The graduate is capable to construct financial and insurance products and analyze them from the point of view of profit and risk. The graduates of Financial and Insurance Mathematics have education which is necessary to obtain a certificate of competence to execute the actuarial practice in the international context.

The study program Probability, Mathematical Statistics, and Econometrics provides to the students advanced knowledge in several branches of mathematics focused on random events and their analysis (probability theory, mathematical statistics, econometrics, optimization). It is characterized by a deep insight into these branches and focuses on their mutual connections. An advanced level of basic knowledge in these branches is reached by attending mandatory courses. In elective courses, students deepen their knowledge in more narrow areas, chosen namely with respect to the topic of their master thesis. Thanks to the seminars the students may be in touch with current problems of mathematical research. Mathematical disciplines covered by this study program are well-established with narrow connections to other parts of mathematics. The theory is based mostly on mathematical analysis (measure theory) and linear algebra, many methods exploit numerical mathematics. On the other hand, these parts of mathematics are influenced and inspired also by problems from probability and statistics. Mathematical methods for random phenomena is one the most widely used parts of mathematics both in research and in practice. Aims of the program include preparation for a Ph.D. study of probability, statistics, or related areas at the Charles university or at another university. Students encounter applications of mathematical theories, theorems, and methods for solving concrete problems. Their future employment is very diverse in academia, industry, financial institutions, medical and biological research, or in humanities.