Stochastic Modelling, Statistics and Risk Analysis
On campus learning,
Full Time,
Master's Degree
The total service fee for this program:
€ 299
Pre payment for this program:
€ 99
Due to the impossibility of foreign currency payments for users residing in Iran, if you are applying for study admission in this program, before pressing the ‘Apply NOW‘ button, contact the support through the Call button below and after To get your suitable solution, proceed to upload the required documents.
This program has OFFER event
Discount event for this program
Mie exceptional discounts
The amount of discount for this event
100 €
The total service fee for this program after discount:
€ 199
ABOUT
Studying master’s in Stochastic Modelling, Statistics and Risk Analysis at university of Oslo in Norway:
In the master’s programme in Stochastic modeling, statistics and risk analysis, you learn to use and develop different tools based on mathematics, probability, statistics and computer science. Such tools are increasingly used to solve problems in many different fields, such as medicine, biotechnology, industry, social sciences, finance and insurance.
The master programme has two options:
- In the programme option Finance, insurance and risk, you learn to analyze and control various forms of risk using mathematics and information technology, combined with economics, probability and statistics.
- In the programme option Statistics, you will learn about statistical models and methods and how you can use them to aquire knowledge from data.
Necessary information:
- Duration: 2 years
- Degree awarded by: Oslo university
- Admission criteria: Bachelor’s degree
- Language of instruction: English
- Format: Full-time
- Credits: 120
- Tuition fee: 260,000 NOK
This programme is only open to Nordic applicants, EU applicants and applicants residing in Norway.
Curriculum:
The master’s programme Stochastic modelling, statistics and risk analysis is a full-time study over two years that gives 120 ECTS credits. The programme has the following structure:
- Courses, 60 or 90 ECTS credits
- Master’s thesis, 30 or 60 ECTS credits
Career opportunity:
Private sector:
- Banks and insurance companies. If you aim at a job in an insurance company, you should make sure that you plan your study so that you become a qualified actuary.
- Oil companies, the energy sector, e.g. Hydro Energi, and other technological enterprises, e.g. DNV GL.
- Pharmaceutical and biotechnological industries
Consultancy firms
Public sector:
- Research institutes, e.g. Norwegian Computing Center, Institute of Marine Research and SINTEF
- National Institute of Public Health, Cancer Registry of Norway, large hospitals
- Public technological enterprises, e.g. Statkraft and AVINOR.
- Teaching and research positions at universities and colleges.
Application Requirements:
- Language proficiency
- Secondary education and Higher education
- Financing:
Financing should be documented with one of the following documents:
- A recent official bank statement or bank transcript in your own name. The bank statement or bank transcript can show any currency, as long as it is clear from the statement/transcript which currency is being used.
- A letter confirming that you are eligible for a scholarship or student loan from your home country.
- A sponsor guarantee letter and a sponsor’s recent official bank statement/transcript.
- Documentation of financing should not be older than three months at the time of the application, and must be uploaded to the application portal within the application deadline. All documents must be in English or a Scandinavian language.
- Identification: Passport or ID card
- Translation of documents: Official translations must accompany any document in which the original language is not English or a Scandinavian language.
English language requirements:
Language certificate | Minimum total score |
IELTS Academic | 6.5 |
TOFEL IBT | 90 |
PTE | 62 |
Deadlines and intakes:
Register as a student and pay the semester fee:
- Spring: 1 February
- Autumn: 1 September
Semester dates
- Spring 2023: 9 January-16 June
- Autumn 2023: 14 August-21 December
Dates related to this program:
(EU) students:
- Application portal opens: 1 February
- Application deadline: 1 March
- Study programme starts: August
None-EU students:
- Application portal opens: 15 October
- Application deadline: 15 November
- Study programme starts: August
FREE VISA SERVICE
One of our very suitable solutions for applicants is to provide free visa services to study in this field from a pleasant country. If you need to receive free visa services, let us know your request
Expenses (NOK)
260,000
Application Fee
0
Program expenses
University & General Expenses
REQUIREMENTS
80
accommodation
- Student cabins:
Anyone can rent a student cabin. The cabins are run by various student associations, and you must contact the individual cabin to see if it is vacant.
- Housing through SiO:
All students admitted to degree studies or exchange programs at the University of Oslo can apply for student housing through SiO Housing. Unfortunately, due to limited number of available student housing, we cannot confirm that all international students will be guaranteed housing through SiO.
As an international master student you will be on UiOs prioritised housing list, given that you have applied for SiO housing within the deadline and followed our guidelines on how to apply for housing. Please note that if you have accepted a housing offer and choose not to come, you must notify SiO housing and cancel your housing contract. Failure to do so may result in a fee.
- Furnished or unfurnished room?
Master’s degree students can apply for furnished or unfurnished single room. Please note that the type of room is subject to availability. You are not guaranteed a furnished room.
- All furnished rooms include a bed, closet, desk, chair, bookshelf, and a table.
- All unfurnished single rooms are unequipped. You will have to obtain essentials such as a bed, desk, chair etc. on your own.
The price of rent will vary depending on location, room size and whether you have shared kitchen/bathroom facilities or not. Most students pay somewhere between NOK 4,000 and 7,000 NOK in rent on a monthly basis. There are many options around Oslo for accommodation other than the university housing:
- Citybox Oslo: This hotel in the center of Oslo is more like a self-service supermarket. There’s no reception desk. You book a room by phone or online and collect a keycard and pay at the hotel terminal. There’s no room cleaning service for shorter stays but you can order this for an extra charge. Rates from NOK 590.
- P-Hotels: Very nice location in the middle of the city centre. Breakfast is a drink and sandwich delivered to your door. Single room from NOK 799.
- Perminalen: This hotel opened in 1954 for Norwegian soldiers on leave in the capital. It’s now available for anyone to book. The rooms are basic but of a high standard including en suite and TV. Single rooms from NOK 685.
After Graduation
Norway is generally considered an attractive country for international students with high-quality education and a range of scholarships.
However, students coming to the country often get the right to stay here through a study permit.
While the study permit is only a temporary residence option, several permit options are available to those who are about to graduate from a Norwegian university. “Several residence permits can be applied for after achieving a degree or diploma in Norway that may give the applicant a continued stay in Norway based on a new residence permit.
- Job seeker permits: this permit may be granted to students who have recently graduated in Norway, permit has a maximum duration of one year, and the purpose of the stay must be being a job seeker for skilled work.
- Residence permits for skilled workers: It’s important to know that this is a work permit which requires that the applicant is ‘skilled,’ and it comes with the condition that the applicant has a Bachelor’s degree as a minimum and that the offered work in Norway is relevant and requires the applicant’s competence and higher education.
- Study/researcher permits: If a student is admitted to a study program of a higher level than their previous level of studies, a “renewed residence permit as a student may be granted.” PhD Studies or researcher work with own funds/employed researcher work may also “give grounds for a new residence permit if the conditions are considered as met.” However, if a student fails to fulfil the conditions to be granted a new residence permit, they must leave Norway after completing their studies.