Master of Actuarial Science
The Master of Actuarial Science program comprises 30 credit hours.
Actuarial Science is a discipline that employs mathematics and statistics in modeling the financial impacts of risk and uncertainty in various sectors of the economy, and in designing solutions of managing risks. A majority of professional actuaries work in careers that are associated with the insurance industry, though growing numbers work in other fields.
The mission of the MAS degree program is to educate students in the theory and practice of actuarial science through a specialized program of study and to pass the Actuarial Exams.
In addition to the MAS program, two dual-degree options are available: one where students will earn both the Master of Actuarial Science degree and the Master of Science in Quantitative Risk Analysis and Management (QRAM); and one where students will earn both the Master of Actuarial Science (MAS) degree and the Master of Science in Analytics (MSA).
The dual degree program in MAS/QRAM is designed to serve the growing need for graduates who 1) have solid quantitative skills in both actuarial risk modeling and financial risk modeling, and 2) understand the business contexts and possess the necessary communication skills for solving complex risk issues.
Similarly, the ongoing data revolution associated with the ever-increasing collection of data and use in the business process and decisions makes analytics skills relevant in all areas of business. The dual degree program MAS/MSA is designed to serve the need for actuarial graduates with analytics skills.
Planning Your Program of Study
Each student’s program must be planned in consultation with a faculty advisor and a copy of the program filed with the Office of Graduate Admissions and Student Services for review and approval.
A maximum of 9 semester hours of transfer credit is possible in this 30-hour program or in the 48-hour dual degree program.
These courses are in addition to the 30 hours required for the MAS degree or in addition to the 48 hours required for the dual degree programs. They are assigned as part of the admissions process based on a review of each student’s transcripts.
Mathematics: Students must have completed three semesters of advanced calculus and a financial mathematics course.
Statistics: Students have completed two semesters of undergraduate mathematical statistics.
Note: If you believe that you need to complete these foundational courses, we advise that you apply for Spring or Summer. If you have met these pre-requisites, we advise that you apply for Fall.
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