A Masters in Actuarial Science Is A Great Qualification
Although a Masters in Actuarial Science is not required to be an actuary, and in fact many actuaries do not have Masters degrees, you can pursue this degree while preparing for some of the actuarial exams. You might be interested in this option if your undergraduate degree was not in actuarial science but rather in mathematics, economics, finance, or statistics. With a Masters in Actuarial Science program you will have classes to help you prepare for the actuarial exams.
If you are interested in getting a Masters in Actuarial Science, there are a variety of universities that offer an Actuarial Degree. You should attend a program that covers all the topics in the first four COS/SOA exams.
Universities offering a Masters in Actuarial Science degree include Ball State University, Bowling Green State University, Central Connecticut State University, University of Connecticut, Columbia University, DePaul University, Florida State University, George Mason University, Maryville University of St. Louis, University of Michigan, Middle Tennessee State University, University of Minnesota, University of Nebraska Lincoln, Northern Arizona University, Oregon State University, Roosevelt University, St. John's University, University of Wisconsin Madison and Youngstown State University.
In order to gain admission to these Masters in Actuarial Science programs, you usually need to have a bachelors degree and have had a strong undergraduate program in math, statistics or economics, including at least three semesters of calculus, a course in linear algebra and at least one semester of probability and statistics. Some schools also want you to have taken a scientific computing course so that you can understand loss statistics and deal with actuarial loss adjustment. Keeping control of these things is essential so that insurance claims can be kept under control.
If you are interested in getting a Masters in Actuarial Science, there are a variety of universities that offer an Actuarial Degree. You should attend a program that covers all the topics in the first four COS/SOA exams.
Universities offering a Masters in Actuarial Science degree include Ball State University, Bowling Green State University, Central Connecticut State University, University of Connecticut, Columbia University, DePaul University, Florida State University, George Mason University, Maryville University of St. Louis, University of Michigan, Middle Tennessee State University, University of Minnesota, University of Nebraska Lincoln, Northern Arizona University, Oregon State University, Roosevelt University, St. John's University, University of Wisconsin Madison and Youngstown State University.
In order to gain admission to these Masters in Actuarial Science programs, you usually need to have a bachelors degree and have had a strong undergraduate program in math, statistics or economics, including at least three semesters of calculus, a course in linear algebra and at least one semester of probability and statistics. Some schools also want you to have taken a scientific computing course so that you can understand loss statistics and deal with actuarial loss adjustment. Keeping control of these things is essential so that insurance claims can be kept under control.
Actuarial Employment Resources
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During the course of studying for your Masters in Actuarial Science you can expect to take courses in areas such as math, finance, statistics, probability, risk management, and actuarial science. Some programs expect you to pass at least some of your actuarial exams in order to graduate. For example, the University of Connecticut expects all students to pass two exams in order to graduate with a Masters in Actuarial Science. Many of the programs have courses designed specifically to prepare you to take the actuarial exams. For those not already working in the field, many programs recommend an Actuarial Internship during the summer between the two years of the masters in actuarial sciences. This can be a big step to an actuarial salary approaching $100K
After completing your Masters in Actuarial Science degree, you should have no trouble finding a position. There aren't a lot of actuaries, and some of the universities with Masters in Actuarial Science programs say that their students all get jobs after graduating.
After completing your Masters in Actuarial Science degree, you should have no trouble finding a position. There aren't a lot of actuaries, and some of the universities with Masters in Actuarial Science programs say that their students all get jobs after graduating.
