This study programme starts in August.

When to apply 

  • EU/EEA/Swiss applicants: from 1 February until 1 March  
  • Nordic citizens and applicants with a permanent or renewable residence permit in Norway: from 1 February until 15 April 
  • Non-EU/EEA applicants: from 1 October until 1 December 

How to apply


No tuition fees.

Admission requirements

Admission to this master's degree programme / study option requires:

  • Higher Education Entrance Qualification and a completed bachelor's degree comparable to a Norwegian bachelor's degree. Applicants with foreign education, please refer to the country list.
  • a specialization defined by the programme/study option
  • a minimum grade average of C (in the Norwegian grading scale) or equivalent from the specialization in your degree.
  • Norwegian and English language requirement OR special enhanced requirement in English specified below:
    a) Passed examination in English foundation course (140 hours/5 periods per week) with a minimum grade of 4 in Norwegian upper secondary school (or an equivalent grade from a Nordic upper secondary school) or passed examination in English from second and/or third school year in Norwegian upper secondary school, or
    b) An internationally recognised English language proficiency test.

Required specialization

Admission to the Master’s programme in Modelling and data analysis, programme option Finance, insurance and risk, requires a Bachelor’s degree with the following courses:

The grade point average is derived from the following courses:

Depending on which specialisation you choose, the following course combinations (or the equivalent) are also required:

Specialisation: Insurance:

STK2120 - Statistical Methods and Data Analysis 2 (or STK1120 – Statistical methods and data analysis 2 (continued) )
STK2520 – Problems and methods in Actuarial science (continued)

Specialisation: Risk and Reliability Analysis:

STK2120 - Statistical Methods and Data Analysis 2 (or STK1120 – Statistical methods and data analysis 2 (continued) )
STK2400 – Introduction to risk and reliability analysis (continued)

Specialisation: Mathematical Finance:

MAT2400 – Real Analysis (or MAT1300 - Analysis 1 )
MAT2410 – Introduction to Complex Analysis (or MAT2300 - Analysis 2 )
MAT2440 – Differential equations and optimal control theory (continued) (or MAT2310 - Optimal Control Theory )


You have to upload all required documents in UiO's online application portal.

If you have completed studies/courses outside the University of Oslo, you must also upload course descriptions. The course names and codes on the course descriptions must match the transcript of records.

Export control

This programme is covered by the regulations on export control. Export controls are applied to countries where there is suspicion about development and use of weapons of mass destruction. UiO will therefore conduct a specific evaluation of these applicants.

Ranking of applicants

Applicants are ranked according to the average grade in the special admission requirements.