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Master of Science in Actuarial Mathematics and Quantitative Risk

This program is designed to provide fundamental concepts of actuarial science with an emphasis on mathematical methods and ensuing models to evaluate, manage and control actuarial risk. The program will introduce insurance strategies and their financial instruments through six core courses and four elective courses.

Actuarial Mathematics and Quantitative Risk Requirements

Core Courses

MA 540Introduction to Probability Theory

3
Or
MA 611Probability

3

MA 541Statistical Methods

3
Or
MA 612Mathematical Statistics

3

MA 542Actuarial Finance I

3
MA 543Actuarial Finance II

3
MA 545Short-Term Actuarial Mathematics

3
MA 546Long-Term Actuarial Mathematics

3

Electives

MA 548Advanced Calculus II

3
MA 552Axiomatic Linear Algebra

3
MA 615Numerical Analysis I

3
MA 611Probability

3
MA 612Mathematical Statistics

3
MA 623Stochastic Processes

3
MA 629Nonlinear Optimization

3
MA 641Time Series Analysis I

3
MA 661Dynamic Programming and Reinforcement Learning

3
MA 662Stochastic Programming

3
MA 701Statistical Inference

3
MA 712Mathematical Models of Risk

3
BIA 670Risk Management and Simulation

3
EMT 606Economics for Managers

3
BIA 650Optimization and Process Analytics

3
CS 506

In addition, students enrolled in this program should consider taking the following courses listed among the electives:

For mathematical sciences requirement: MA 641 Time Series Analysis I

For financial and accounting requirements: EMT 606 Economics, BIA 650 Optimization and Process Analytics