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.