Actuarial Sciences M.S. in Professional Science

Actuarial science is a relatively new concentration designed to train students to apply mathematical skills and statistical techniques to study uncertain future events, especially those of concern to insurance and pension programs. The program offers training so that students can make practical use of probability theory and statistical analysis for managing risks and solving problems. The concentration in Actuarial Sciences offers preparation, basic knowledge, and professional skills to individual who want to work as an actuary and to pass actuarial professional examinations. Designed for working professionals, the program can be completed on a part-time basis over two years.

  • Capstone internship takes place of thesis

  • Careers in insurance, consulting, government related

  • 36 credit hours total, including business management courses 

  • Skills developed in technical mathematics to solve statistical problems

As a Master of Science in Professional Science (MSPS) degree, the Actuarial Sciences M.S. combines leading-edge, advanced science classes with graduate-level business management courses designed to enhance career success.  Instead of a thesis, students complete a complex, capstone internship.  Over 70% of our MSPS students receive job offers from their internship.  

 New:  now in the Academic Common Market with Alabama!  See here for details.    

Contact

For more information, or to set up an appointment to discuss this program, contact Dr. Don Hong, Actuarial Sciences Program Coordinator.  

Program Requirements

Students must be accepted in to the Master of Science in Professional Science program. Candidates must complete 36 hours in the following course of study:

Required Business Core Courses – all MSPS students (15 hours)

  • ACTG 6100 - Accounting and Legal Issues for Managers 3 credit hours  
  • BCED 6820 - Managerial Communication 3 credit hours  
  • BCED 6910 - Internship Program* 3 credit hours  
  • MGMT 6740 - Leadership and Motivation 3 credit hours  
  • STAT 5140 - Probabilistic and Statistical Reasoning 3 credit hours  

Concentration Courses (21 hours)

-Required Courses (9 hours)

  • ACSI 6020 - Construction and Evaluation of Actuarial Models 3 credit hours  
  • ACSI 6030 - Actuarial Models for Life Contingencies 3 credit hours  
  • ACSI 6040 - Actuarial Models for Financial Economics 3 credit hours  

 -Four courses from the following (12 hours):

  • ACSI 5220 - Mathematics of Corporation Finance 3 credit hours  
  • ACSI 5230 - Mathematics of Compound Interest 3 credit hours  
  • ACSI 5240 - Mathematics of Interest Theory, Economics, and Finance 3 credit hours  
  • ACSI 5330 - Actuarial Mathematics I 3 credit hours  
  • ACSI 5630 - Mathematics of Risk Management 3 credit hours  
  • ACSI 5640 - Mathematics of Options, Futures, and Other Derivatives 3 credit hours  
  • ACSI 6010 - Credibility Theory and Loss Distributions 3 credit hours  
  • ACSI 6600 - Problems in Actuarial Science 1 to 6 credit hours  
  • ECON 6060 - Econometrics I 3 credit hours  
  • ECON 6070 - Econometrics II 3 credit hours  
  • STAT 5200 - Statistical Methods for Forecasting 3 credit hours  
  • STAT 6160 - Advanced Mathematical Statistics I 3 credit hours  
  • STAT 6180 - Advanced Mathematical Statistics II 3 credit hours  
  • MATH 6601 - Problems in Mathematics-Advanced Calculus 1 to 9 credit hours  OR
  • MATH 6602 - Problems in Mathematics-Number Theory 1 to 9 credit hours  OR
  • MATH 6603 - Problems in Mathematics-Mathematics of Finance 1 to 9 credit hours  OR
  • MATH 6604 - Problems in Mathematics-Mathematics of Life Contingencies 1 to 9 credit hours  OR
  • MATH 6605 - Problems in Mathematics-Numerical Analysis 1 to 9 credit hours  OR
  • MATH 6606 - Problems in Mathematics-Topology 1 to 9 credit hours  OR
  • MATH 6607 - Problems in Mathematics-Abstract Algebra 1 to 9 credit hours  OR
  • MATH 6608 - Problems in Mathematics-Combinatorics and Graph Theory 1 to 9 credit hours  

*BCED 6910 may only be taken in the second-to-last or final semester of study, after the student has completed at least 21 hours of coursework and BCED 6820.  

For more information, please visit the catalog page for the Actuarial Science M.S. 

 

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For more information, please fill out this interest form:
 
Suzanne Hicks
Suzanne Hicks
MSPS Graduate Coordinator
Internships and Recruitment
SCI 1013
615-904-8581

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