University of Barcelona

Actuarial and Financial Sciences

Objectives and competences

Objectives

The master's degree in Financial and Actuarial Sciences is firmly focused on the job market. As such, its main objective is to offer future actuaries high-quality, multidisciplinary training that will equip them for successful national and international careers.

The solid technical training provided, particularly in the specialization in Advanced Financial and Actuarial Models, will also enable graduates to access doctoral studies.

The programme seeks to facilitate student exchange and professional mobility across borders, thanks to compliance with the Core Syllabus requirements.

Students may choose from two specializations. The first, Applied Financial and Actuarial Models, taught in Spanish, aims to broaden their knowledge of the application and interpretation professional financial and insurance methods and techniques. The second, Advanced Financial and Actuarial Models, taught in English, introduces students to research and builds independent problem-solving and decision-making skills in the areas of finance and insurance. It is suitable preparation for further study at doctoral level.

Competences

Basic and General Competences




  • Knowledge forming the basis of original thinking in the development or application of ideas, typically in a research context.


  • Capacity to apply the acquired knowledge to problem-solving in new or relatively unknown environments within broader (or multidisciplinary) contexts related to the field of studies.


  • Capacity to integrate knowledge and tackle the complexity of formulating judgements based on incomplete or limited information, taking due consideration of the social and ethical responsibilities involved in applying knowledge and making judgements.


  • Capacity to communicate knowledge and conclusions and the grounds on which they have been reached to specialist and non-specialist audiences in a clear and unambiguous manner.


  • Learning abilities that facilitate self-directed and independent learning.


  • Capacity for effective public speaking.

     



    Specific competences



     



  • Capacity to apply mathematical and statistical techniques to actuarial and financial modelling.


  • Capacity to apply probability distribution models related to the behaviour of certain economic, financial and actuarial phenomena.


  • Capacity to analyse, design and assess actuarial and financial products.


  • Capacity to design risk and insurance models using statistical and mathematical tools.


  • Capacity to classify and measure actuarial, financial and investment risks, and to take related decisions.


  • Capacity to understand the specific business, legal and accounting conditions of insurance and financial entities.


  • Capacity to report on the situation of a financial or insurance company and make forecasts about its future, by analysing solvency and calculating capital requirement.


  • Capacity to acquire a thorough overview of actuarial and financial research.


  • Ability to act professionally in the actuarial and financial field, with a considerable degree of independence.


  • Capacity to carry out actuarial and financial calculations using specific software.

     



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