|
| |
 |
| |
|
| The Department of Mathematics and Actuarial Science
offers a program of study leading to a Master’s of Science in
Actuarial Science. This graduate program is designed to prepare
students for careers as business executives professionally trained
in the mathematical sciences and in financial risk evaluation. The
advanced coursework and professional internship opportunities
prepare students to pass the exams required to obtain the
professional designation of Fellow by the Society of Actuaries
(F.S.A.). Maryville actuarial students’ record of successful exam
completion has consistently been among the best in the nation, with
a 100% job placement rate for the program from 2002-2004. |
 |
|
The Maryville Master’s program in Actuarial Science is designed to
accommodate professionals currently working in the field as well as
students who have completed or are completing their undergraduate
degree in actuarial science, mathematics, or related field.
|
|
|
The Accelerated Master's Option |
 |
A key feature
of the program is that Maryville actuarial science
undergraduates are able to complete both the undergraduate
and graduate programs within 5 years. The undergraduate
actuarial science curriculum is currently recognized by the
Society of Actuaries as an “Advanced Undergraduate
Curriculum.” The Accelerated Master’s option allows the
undergraduate majoring in actuarial science to complete the
master’s in only one additional year of study.
|
|
|
In the
Accelerated Master’s option four courses (12 credits) taken
during the senior year as part of the undergraduate
curriculum count toward the master’s program, leaving just
24 credits remaining for the completion of the master’s
degree.
|
|
|
Internships
– Maryville’s AS program has strong working
relationships with a variety of area employers. There were
22 paid internships in summer 2004, with interns paid an
average salary of $15 per hour. Though internships do not
guarantee jobs, they clearly open doors for many employment
opportunities. |
| |
|
|
The Actuarial Exam System |
The two major professional societies, the Society of
Actuaries and the Casualty Actuary Society, sponsor the
actuarial exams necessary for the designation of Fellow. The
graduate curriculum is carefully planned to prepare students
for these exams.
Attached are the courses in the curriculum and the
associated SOA exams for which they provide preparation.
(Click to view PDF) |
| |
|
Non-Degree Seeking Option for Actuarial
Exams |
|
Actuarial professionals may enroll in
specific actuarial science classes to prepare for the series
of professional actuarial exams. Students would be
classified as non-degree seeking students for this purpose.
Contact the Director of Mathematics and Actuarial Science
for further information.
|
|
|
Actuarial Science as a Career
Actuaries are business executives who usually work in the context of
health, life, and casualty insurance, where they design, analyze,
and refine various programs to meet the insurance needs of society.
Often called financial architects and social mathematicians, they
combine analytical and business skills to solve a diverse and
growing variety of financial and social problems. The actuarial
profession is a demanding yet rewarding career choice.
The profession of actuary is consistently ranked among the top
professions using criteria such as income, security, employment
prospects, and work environment. It was ranked second in the 6th
edition of Jobs Rated Almanac.
U.S. Department of Labor projections indicate a growing need for
actuaries in coming years. Employment growth is expected in finance
and investment, banking, software development, health services and
management, and actuarial consulting. The rise in terrorism is
expected to increase the need for experts in risk assessment and
risk management.
Our Actuarial science students find employment in the field, with
100% job placements for the past three years.
|
|
 Master
of Science in Actuarial Science
|
|
| All students are
required to successfully complete eight core courses (24
credits), plus four additional courses (12 credits), for a
total of 36 credit hours.
(Click to view PDF) The student is also required to pass
one professional exam which is offered by the Society of
Actuaries. |
| Required Courses: |
Credits |
| ACSC 521 Actuarial Modeling I |
3 |
| ACSC 522 Actuarial Modeling II |
3 |
| ACSC 505 Statistical Modeling I |
3 |
| ACSC 506 Statistical Modeling II |
3 |
| ACSC 607 Simulation and Credibility |
3 |
| ACSC 610 Investment and Asset Management
I |
3 |
| ACSC 611 Investment and Asset Management
II |
3 |
| ACSC 698 Topics in Actuarial Science |
3 |
| |
|
| Elective Courses |
|
| ACSC 510 Risk Theory |
|
| ACSC 593/693 Internship |
|
| ACSC 594/694 Special Studies |
|
| ACSC 595 Actuarial Modeling III |
|
| ACSC 596 Statistical Modeling III |
|
|
|
