About

Overview Most actuaries work for life, health, and property/casualty insurance companies. However, many are employed by consulting firms, government agencies, accounting firms, industrial corporations, banks, and financial services companies.Although actuaries are skilled mathematicians, they are also business professionals who need broad-based business skills. Many actuaries find themselves in high-level management positions. In addition, the prospective actuary needs to prepare for the professional qualifying examinations offered by the Society of Actuaries and the Casualty Actuarial Society. Fellowship in either of these two professional societies assures the public that the actuary has been trained to perform at a high level of competence. Actuaries, as well as other business professionals, are often asked to make decisions that have far-reaching social implications. Very often these decisions involve a balancing of competing social and ethical values that are never fully disclosed or discussed. Examples of such decisions may include issues involving the environment, affirmative action, right to privacy, and plant closings. I want to find another Master Course Boston University’s Actuarial Science program provides specialized courses in actuarial science and related courses in probability and statistics. The program also offers students a broad-based exposure to business and economic principles along with an opportunity to further their knowledge of mathematics. In addition, the program will prepare each student for the professional qualifying examinations. And finally, the program will provide an opportunity for students to be aware of and understand the ethical dilemmas that are often encountered in the process of business decision-making. Students may select one of the following concentrations depending on their areas of interest and preparation: Insurance or Mathematical Finance.Learning OutcomesDetailed knowledge of the mathematics and statistics that form the core of actuarial calculations. This knowledge includes topics in probability, financial mathematics and derivatives, life contingencies, and loss models. Our program emphasized precision, accuracy, and a deep understanding of these core actuarial topics.Proficiency in distinguishing and describing, in depth, many actuarial practice areas, and an understanding of the principles that govern the development of insurance products for those areas, including emerging trends.The computer skills required to analyze data using the most current software tools employed by insurance industry leaders.

Students of the Actuarial Science program offered by Boston University use quantitative skills to help others make prudent and intelligent financial decisions. These decisions are based on future predictions that are derived from past and present data analyses.

Disciplines

FinanceActuarial ScienceFinancial Mathematics

Requirements

Academic Requirements

gre
gmat

English Requirements

IELTSMin 6.5
TOEFLMin 84

Other Requirements

1A completed Application for Graduate AdmissionThree letters of recommendation. A personal statementA current résuméTranscript(s) A nonrefundable application fee of $85 International Student Data FormAuthorized financial statement from a bank (original, shown in U.S. dollars)Copy of current I-20 and I-94, both sides (if applicable)Letter of financial support from a sponsor (firm, government, parents, etc.)Notarized English translations of all documents not in English

Actuarial Science