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Applied Mathematics

KTU Applied Mathematics combines classics and deep traditions, together with state-of-the-art methods and Industrial 4.0 applications. This is a prestigious degree program that will allow you to choose from a wide range of career paths. Maybe you’ll become a financial analyst, or maybe an insurance mathematician or a financial broker? Or will you choose the development of artificial intelligence technologies and master the peripatetic of data science and FinTech? You will have many choices – that make these studies so unique!

If the terms Bitcoins, Blockchain, Machine Learning, and Artificial Intelligence are familiar, and you want to become an ace in these areas then you are exactly where you need to be!

As you study, you will be able to choose who you want to become: a FinTech mathematics specialist who can handle the most challenging problems in the world’s fastest-growing financial markets, an on-demand data analysis and security specialist capable of analyzing and processing real-world data, data security issues, and risk assessment, and maybe a new generation of teachers who can interest even the most curious students.

Students of this program have the opportunity to acquire an additional qualification of a teacher during their studies and apply for 300 Eur / month. scholarship.

The Investors’ Spotlight quality mark awarded to the Applied Mathematics study program confirms that the program meets the highest requirements of Lithuanian and foreign employers and is a leader in developing the competencies and current market trends typical of modern business.

Description of Study Programme
Location Kaunas
Faculty of Mathematics and Natural Sciences
Cycle First cycle
Field Applied Mathematics
Language Lithuanian
Form Full-time studies - 4 y. (day-time; on-campus), Part-time studies - 6 y. (day-time; on-campus)
Degree awarded Bachelor of Mathematical Sciences
Specialisations Data Analysis and Security,
Mathematical Methods for Financial Technologies
Yearly Price  i Full-time studies - 3524 €
Part-time studies - 2349 €
  • Lund University (Sweden)
  • Brno University of Technology (Czech Republic)
  • University of Southern Denmark (Denmark)
  • Budapest University of Technology and Economics (Hungary)
  • University of Helsinki (Finland)
 

Entry requirements

 

Tuition fee

The tuition fee applied for the academic year 2022-2023 is indicated below:

Foreign nationals with Lithuanian origins and EU citizens
Full-time studies 3524 €
Part-time studies 2349 €
Price per credit 58,73 €
Partial tuition fee waiver can be applied for the study price.

 

Financial support

 

 

 

 

 

Subjects of the study programme by semesters

Skills

Methods – logics, mathematical analysis, statistics, calculations, applications
Models – systems, processes, creation, modelling, optimisation, forecasting
Data – data structures, analysis, interpretation, making of decisions
Software – algorithms, languages, programming, applications
Mathematical modelling and investigation of business systems Data analysis and decision making Evaluation, forecasting, and optimisation of the risk of technical and business systems Creation of mathematical models, algorithms and software for intelligent systems


 

 

Values

Studies

The study programme is oriented to the application of mathematics by using information technologies

The study programme is oriented to the application of mathematics in various fields (finance, marketing, economics, computer science, materials and nano-technologies, physics, etc.), creativeness, and strong preparation in the field of computer science. Industry 4.0 without such specialists – out of place!

Skills

Excellent analytical thinking and creativeness

A good mathematician is able to solve a variety of problems creatively. Therefore, it is not surprising that KTU graduates are actively involved in the development of new products, technologies, and software. They predict, track data, and use it all to generate new ideas. Not only Lithuanian but also international companies are waiting for creative mathematicians.

Demand on the labour market

Increasing demand for specialists on the labour market

According to the forecasts of the labour market research agency, the demand for specialists, having deep knowledge of mathematics and analytical skills, as well as able to apply them in the development of practical skills will increase about 15-20% over the next three years.

Infrastructure

The studies are delivered by using the world-class mathematics software –SAS, SPSS, Matlab, Mathcad, R

SAS, SPSS, Matlab, Mathcad, and R are known as the best software packages for system modelling, analysis, optimization, and forecasting of the tasks solution. The students of this programme will solve actual tasks of application in mathematics by using this software.

Career

Extensive career opportunities

Abstract nature of the objects of mathematics and universal preparation opens wide career opportunities in various fields. Having completed the studies, the graduates work as system analysts, modelling and data analysis specialists, analysts-programmers, specialists of investigation of operations, logistics analysts, insurance and finance mathematicians in divisions of modelling, design, information analysis of various companies and institutions,  insurance companies, banks.

Contribute to established companies
Career

A new generation of teachers for the new world

More than 700 new mathematics teachers will be needed over the next four years, according to a forecast from the Government’s Center for Strategic Analysis (STRATA). If you choose minor field studies in pedagogy during your studies, you will later be able to work not only in business, industrial organizations, or research institutions but also in schools. It is no secret that teachers with extremely strong subject knowledge and experience in working in interdisciplinary teams are especially valued.

Product and service development

Are you interested in creating real products and services while studying? It is now possible to test yourself by getting involved in a product development project (PDP). During the project, you will work in teams, collaborating with KTU researchers and social partners. While solving current, relevant problems you will improve your teamwork, project management, and problem-solving skills, deepen professional knowledge and expand your career opportunities.

 

Career

Student’s competences

– Computer modeling and research of business systems;
– Data analysis and decision-making;
– Risk assessment, forecasting and optimization in technical and business systems;
– Development of mathematical models, algorithms and software for smart systems;
– Apply optimization methods in practice and evaluate them;
– Perform research analysis, interpret results, present conclusions;
– Compile and substantiate real mathematical models.

 

 

 

You may become

 – Application of mathematical principles, models and methods for performance of the tasks of engineering, living or inanimate nature, social sciences;
 – Application of mathematical, statistical, probability and risk theory for assessment of a possible financial impact of future events;
 – Assessment and forecasting of probabilistic insurance events (for example, insured damage, payback) applying statistical models with consideration of the risks and economic situation;
 – Planning and organisation of statistical data analysis selecting a required analysis model, analysed group, performing statistical analysis of mortality, disability and similar data
 – Collection, management and analysis of statistical or insurance data obtained from common or special information sources;
 – Consultations on the issues of data collection, processing and analysis, verification of the reliability of results.
 – Preparation of financial documents, calculation of interests, commissions and stamp duties.
 – Research of securities, currency (financial) markets, provision of competent advices and recommendations when making decisions regarding business and organisation’s performance;
 – Analysis of financial performance reports (of companies, governments and other organisations), assessment of risk, transactions, financial indicators of the organisation’s performance;
 – Monitoring of economics, industrial and business changes, forecasts, insights of trends, analysis of financial information.
 – Collection of information about investments made or financial situation;
 – Application of statistical methods in forecasts of the prices of securities
 – Analysis of the inclinations of securities, shares, bonds and other financial instruments, including foreign currency market.
 – Analysis of customers’ operational processes and needs
 – Design of information systems and preparation of technical tasks
 – Preparation of specifications for the system requirements
 – Coordination and linking of computer systems at the organisation for compatibility, mediation between programmers, testers and customers
 – Analysis of customer’s needs and preparation of reports
 – Aggregation and processing of data using specialised technical tools
 – Optimisation of data administration process
 – Quality control in data

 

 

BA+ competences

 

 

BA+ competence blocks offered in KTU Bachelor’s study programmes can be an alternative study plan for:

  • the specialisations;
  • individual set of modules;
  • the subjects providing deeper knowledge of the study field.

A student who chooses BA+ competence, acquires the knowledge and skills in an additional study field, and discovers new career prospects. Acquisition of the competence is certified by the issue of KTU certificate and entry in the diploma supplement.

 

 

 

Lecturers. Experts in their field

Minvydas Kazys Ragulskis

Minvydas Kazys Ragulskis

Professor at Mathematical Modelling Department
Eimutis Valakevičius

Eimutis Valakevičius

Professor at Mathematical Modelling Department
Eligijus Sakalauskas

Eligijus Sakalauskas

Professor at Applied Mathematics Department
Vytautas Janilionis

Vytautas Janilionis

Associate Professor at Applied Mathematics Department
Tomas Iešmantas

Tomas Iešmantas

Associate Professor at Applied Mathematics Department
Mindaugas Kavaliauskas

Mindaugas Kavaliauskas

Associate Professor at Applied Mathematics Department
Liepa Bikulčienė

Liepa Bikulčienė

Associate Professor at Applied Mathematics Department
Audrius Kabašinskas

Audrius Kabašinskas

Associate Professor at Mathematical Modelling Department
Bronė Narkevičienė

Bronė Narkevičienė

Associate Professor at Mathematical Modelling Department, Dean
Kristina Šutienė

Kristina Šutienė

Associate Professor at Mathematical Modelling Department
RIta Butkienė

Rita Butkienė

Associate Professor at the Department of Information Systems, Dean
Jurgita Dabulytė

Jurgita Dabulytė – Bagdonavičienė

Associate Professor at Applied Mathematics Department
Aleksejus Michalkovič

Aleksejus Michalkovič

Associate Professor at Applied Mathematics Department
Mantas Landauskas

Mantas Landauskas

Associate Professor at Mathematical Modelling Department
Stasė Petraitienė

Stasė Petraitienė

Associate Professor at Applied Mathematics Department
Kęstutis Lukšys

Kęstutis Lukšys

Associate Professor at Applied Mathematics Department
Evaldas Valeiša

Evaldas Valeiša

Insurance Finance

 

 

Testimonials

Evaldas Valeiša

Evaldas Valeiša

Chief Actuary at Sodra

 

The studies of Applied Mathematics provide strong career foundation for graduates. It allowed me to climb the career ladder, seek professional improvement, provided me with trust and a wish to move forward. The programme provided a wide freedom of choice – in addition to the mandatory objects, there was an opportunity to get deeper into other fields, for example, economics or insurance mathematics. Everyone can find his/her niche to improve and be pleased with his/her results. I greatly benefited from the thinking formed in the university, the ability to analyse the situation and find the optimum solution.

Rokas Simutis

Rokas Simutis

Business Integration Manager at BITĖ Lietuva

 

I first hear about applied mathematics at school, while choosing between informatics and economics studies. I am glad to have chosen this area. The studies cover both the basics of economic and informatics, importantly including knowledge of much more interesting areas - investment mathematics, life insurance mathematics, statistics, data analysis and so on. Combining theory and practice, the studies laid a strong foundation for logical thinking, modelling, and optimization. Studies taught how to employ basic tools, algorithms and programming in problem solving. The knowledge gained during the Applied Mathematics studies has always given an advantage over others.