BSc Applied Mathematics to Risk Management

“Assess the risk that an event will occur and help decision makers develop policies to reduce, manage or transfer that risk”

Apply Now


The Applied Mathematics to Risk Management Undergraduate Programme differs from other academic offerings, due to its architecture in accordance with internationally recognized requirements for professionals in risk analysis.

This Undergraduate Programme will provide the necessary methods to assist risk-related companies, such as banking insurance, pension funds and finance, increasingly in need of professionals with the ability to apply mathematical, statistical, and actuarial methods to identify, quantify, and manage inherent risks.

Main Study Themes

Acquire a proper understanding of different measurement tools and utilize numerical analysis to optimize problem-solving methods
Develop modeling techniques to decide the most adequate stochastic process that fits a given real situation
Master the skill set required to utilize data to to fix problems, find solutions, and undergo simulation techniques in Risk management
Use the concepts and techniques of multivariate analysis, together with the R software, to solve most different problems of real life
Focus on applied mathematics, complemented by economics and computer science skills, which are essential for the identification, quantification, mitigation and risk management.
Acquire the knowledge and skill set to use mathematics to reasoning and problem-solving and understand how to read diverse mathematical indicators.

Career Opportunities

The employability associated with the Mathematics and Applied Mathematics programmes is around 100%. Among the more than a thousand graduates of the Department of Mathematics at NOVA School of Science and Technology, the number of unemployed alumni is residuary, attesting to our capacity to form students with recognized competence and knowledge in the business environment and at the level of public institutions.
Graduates of the Applied Mathematics to Risk Management Undergraduate Programme acquire the required proficiencies to pursue studies at the level of the 2nd cycle and or to their employment in areas related to banking, insurance, social security, pension funds, finance and economics.

Learn More

All programmes are in accreditation by:

A3ES (Portuguese Agency for Assessment and Accreditation of Higher Education) and all Engineering programmes are recognized by the Portuguese Order of Engineers, FEANI (Federation of Professional Engineers that unites national engineering associations from 33 European Higher Education Area (EHEA) countries) and EUR-ACE (European Accredited Engineer).

BSc Applied Mathematics to Risk Management Structure

  • Advanced Topics in Mathematics;
  • Technical English;
  • The Portuguese Experience (two modules)
  • Introduction to Project Development
  • Chemistry (in the first semester)
  • Physics (in the second semester)
  • Mathematical Analysis I
  • Linear Algebra
  • Introduction to Programming B I
  • Introduction to Logic and Elementary Mathematics
  • Computation Methods in Statistics
  • Mathematical Analysis II B
  • Linear Algebra II
  • Geometry
  • Probability and Statistics I
  • Soft Skills for Science and Technology
  • Mathematical Analysis III B
  • Algebra I
  • Probability and Statistics II
  • Numerical Analysis I
  • Mathematical Analysis IV B
  • Applied Statistics
  • Economy
  • Financial Calculus
  • Linear Optimization
  • Society, Sustainability and Digital Transformation
  • Multivariate Models
  • Actuarial Statistics
  • Introduction to Operational Research
  • Measure, Integration and Probability
  • Stochastic Processes and Applications
  • Numerical Analysis II
  • Simulation Techniques in Risk Management
  • Statistics and Information Systems
  • Financial Mathematics
  • Unrestricted Elective A
  • Opportunities Program Optional
    •  Undergraduate Research Opportunity Programme
    • Optional Undergraduate Professional Opportunity Programme

We regularly review our course content to make it relevant and current for the benefit of our students. For these reasons, course modules may be updated.