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.



Entrance requirements for the 2020/2021 academic year

Vacancies for 2020/2021:


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


Accreditation on 22/02/2018, for 6 years

About the Department of Mathematics

The Department of Mathematics is responsible for two undergraduate courses (1st cycle of study) two graduate courses (2nd cycle of study, which award a master’s degree), two postgraduate courses (3rd cycle of study, which award a doctorate degree), a one year post-graduate course and other short courses. The department's academic staff also cooperates in other courses of all qualification levels taught at NOVA School of Science and Technology.

The scientific activity of the majority of the faculty members of the Department of Mathematics is developed at the Center for Mathematics and its Applications (CMA). Its research work covers four major areas: Algebra, Differential equations and Numerical Analysis; Operational Research, Statistics and Risk Management. CMA is integrated into the NOVA School of Science and Technology and is financed by the Foundation for Science and Technology. In addition to the researchers of the Department of Mathematics, this center has the collaboration of many researchers belonging to several Portuguese and foreign universities. In the last evaluation that have been done by the Foundation for Science and Technology, CMA has obtained the classification of Very Good. The other members of this Department develop its scientific activity integrated in other research centers or autonomously.

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