The objective of the program is to educate future leaders of the actuarial industry with training in actuarial theory and methods in a wide spectrum of actuarial applications involving probabilistic and statistical models. All students will be prepared to take five actuarial preliminary exams and will take two advanced actuarial classes to prepare for professional accreditation. Furthermore, students who did not take classes required for VEE (Validation of Educational Experience) credits in statistics, finance and economics will have such opportunity. With this combined knowledge of mathematics — particularly of probability, statistics and decision theory — together with knowledge of financial mathematics and insurance, the expected passing of five actuarial exams and the three required VEE credits, graduates of the program will be able to work as senior actuaries in insurance, consulting, finance, government and emerging markets.
School: School of Natural Sciences and Mathematics
Program: Actuarial Science
Catalog page: MS
Test score required: Yes
GRE scores of at least 143 verbal, 155 quantitative and 310 combined are preferred. Higher standards prevail for applicants seeking teaching assistantships.
Letters of recommendation: Required
Applicants must submit three letters of recommendation from individuals who can judge the candidate’s probability of success in graduate school. Use the electronic request form in the graduate application to submit the letters. Contact the graduate academic program department if you have any questions.
Resume required: Yes
Admissions essay required: Yes
Deadlines: University deadlines apply.
Office: FO 2.106
Graduates of the program seek positions such as: professionals in insurance industry, government, consulting, financial or accounting firms. Available emphases in statistics and mathematics ensure that candidates can tailor their future career by having targeted their educational background to their subdiscipline of choice. The jobs of a mathematician, statistician and actuary consistently appear among the top jobs in the rankings of 200 jobs by CareerCast’s Jobs Rated Almanac based upon factors such as work environment, income, hiring outlook and stress.
See Bureau of Labor Statistics for detailed salary information on these careers. Another great resource is the Occupational Outlook Handbook.