In addition to at least 30 credit units of course work, seminar, and research methods and ethic units, students must prepare and successfully defend a term project. Expected duration to complete the MSc without Thesis Program is 3 semesters. Recommended curriculum and recommended elective courses is as follows:
Semester I 
Semester II 
 IAM582 Life Insurance Mathematics
 Elective Course 1 (IAM521 Financial Management)
 Elective Course 2 (IAM541 Probability Theory)
 Elective Course 3

 IAM546 Actuarial Risk Theory
 IAM583 Pension Fund Mathematics
 Elective Course 4 (IAM 522 Stochastic Calculus for Finance / IAM548 Stochastic Processes for Insurance and Finance)
 Elective Course 5
 IAM698 Research Methods and Ethics

Semester III 

 IAM500 Term Project
 Elective Course 6
 Elective Course 7
 IAM590 Graduate Seminar (0Credit)


For students who are accepted with scientific preparation program, two semesters of scientific preparation is must before the main curriculum. The courses you must take are as follows:
Scientific Preparation I 
Scientific Preparation II 
 IAM530 Elements of Statistics and Probability / IAM591 Programming Techniques in Applied Mathematics I *
 The other courses this semester must be taken as NI.

 IAM592 Programming Techniques in Applied Mathematics II
 The other courses this semester must be taken as NI.

 * The student takes only one of these courses. If the student requires mathematical statistics background, IAM 530, otherwise IAM 591 must be taken.
 NI: Not Included (During scientific preparation program, student should take program courses in NI status).
 To pass scientific preparation programme successfully, the rules and regulations can be found from link.
Current Elective Courses 
 IAM521 Financial Management
 IAM524 Financial Economics
 IAM520 Financial Derivatives
 IAM541 Probability Theory
 IAM584 Advanced Actuarial Mathematics
 IAM543 Regulation and Supervision of Financial Risks
 IAM544 Financial Risk Assessment
 IAM552 Credibility Theory
 IAM554 Interest Rate Models
 IAM555 Statistical Decision Theory
 IAM557 Statistical Learning and Simulation
 IAM558 Reinsurance Theory
 IAM550 Portfolio Optimization
 IAM614 Methods of Computational Finance
 IAM615 Advanced Stochastic Calculus for Finance
 IAM782 Extreme Values in Insurance and Finance
 IAM783 Life Insurance: Products, Finance and Modeling
 IAM784 Pension Systems and Their Financial Management
 IAM785 Survival Models in Actuarial Science
