Undergraduate Programme in Mathematics Applied to Risk Management


Undergraduate Programme in Mathematics Applied to Risk Management

The new Undergraduate Programme in Mathematics Applied to Risk Management (LMAGR) by the Faculty of Sciences and Technology of the NOVA University of Lisbon is a first cycle course with a duration of three years, which aims, on the one hand, to respond to frequent students, who, having aptitude and taste for Mathematics, intend to acquire skills and knowledge in more applied areas, such as Actuarial Mathematics (What is an actuary?), Financial Mathematics, Operational Research and Statistics.


The course has a threefold objective: to provide a solid core training in mathematics essential for risk assessment, to recognize the student to a degree that allows him immediate integration into the job market and the knowledge needed to progress to more advanced cycles of study, as a master's or doctorate in Applied Mathematics. The Master in Mathematics and Applications, taught by the Department of Mathematics at FCT NOVA, offers specializations in Actuarial, Statistics and Operational Research and also in Financial Mathematics, accessible to the graduates in Mathematics Applied to Risk Management, intending in the future to open a 2nd cycle in Actuarial Mathematics.
LMAGR differs from other academic offerings, both at local and at national level, due to its architecture in accordance with internationally recognized requirements for professionals in risk analysis. The focus is on applied mathematics, complemented by knowledge of economics and computer science, which are understood as essential to identification, quantification, mitigation and risk management, particularly in financial institutions such as banks and insurance companies.
FCT NOVA has long been a national reference in the training of actuaries, privileging interdisciplinarity, not only for its scientific interest, but also for the demands of the labor market. This course counts on a group of professors with long experience in training professionals in the area of risk, most of them occupying prominent positions in entities and companies of reference, both national and international. The Department of Mathematics has maintained excellent relations with companies / employers, including Research projects, facilitating the involvement of students in internships, and gives their students the possibility to study abroad under the Erasmus + program in one of the several partner universities of the DM, with full academic recognition.


Career opportunities

The employability associated with courses in Mathematics and Applied Mathematics is around 100% and among the more than a thousand graduates of the Department of Mathematics at FCT NOVA, the number of unemployed is residual, attesting to our capacity to train students with recognized competence and knowledge in the business environment and at the level of public institutions.
Graduates of the Degree in Mathematics Applied to Risk Management acquire the needed skills to pursue studies at the level of the 2nd cycle and their insertion in the labor market in areas related to banking, insurance, social security, pension funds, finance and economics.

Tuition Fees 

Portuguese students: 697 €/year

Foreign students: 7000 €/year

Students from CPLP countries may apply for a reduction of up to 50% of tuition fees, subject to the following conditions:
a) 1st Registration: students must demonstrate through their academic certificates that their academic performance is in the first quartile of the evaluation scale used in the system of their country or school of origin;
b) Subsequent enrollments (regardless of the year of entry): exclusively for academic merit, that is, approval in all UCs in which the student enrolled in the previous year, totaling 60 ECTS each year.



Entrance requirements for the 2021/2022 academic year

Vacancies for 2021/2022:


Specific exams:

19 Mathematics A

Minimum grade of the specific(s) exam(s): 95

Minimum grade of the application: 95

Admission formula:

60% from the final classification obtained in Secondary School
40% from the obtained classification at specific exam(s)

Course coordinator:

Professor Rui Cardoso


Registration and Accreditation


Registration number R/A-Cr 14/2018/AL01 on 10/10/2019


Publication date of the accreditation decision: 22/02/2018

Period of validity of the accreditation:
6 years from 31/07/2017

About the Department of Mathematics

The Department of Mathematics (DM) is a permanent teaching and research unit of the Faculty of Sciences and Technology of the Universidade Nova de Lisboa (FCT NOVA). In the DM, multiple activities in the field of Mathematics are developed, ranging from teaching and research to promotion and dissemination, through lifelong training and the provision of services to the community. The DM consists of 83 professors, of whom 79 have doctorates.

The DM is in charge of the Degree in Mathematics, the Degree in Mathematics Applied to Risk Management, the Master in Actuarial Mathematics, the Master in Mathematics and Applications, the Master in Mathematics Teaching for the 3rd cycle of Basic Education and Secondary Education, as well of the PhD in Mathematics at NOVA University. The DM also ensures the teaching of propaedeutic subjects in the field of Mathematics for the various courses at FCT NOVA.

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