Professional Science Masters: Actuarial Science


The Department of Mathematics will be offering a new PSM program in Actuarial Science, and we are accepting students for Fall 2016. This Masters Program is a two year program and all courses will be offered online. Course work in this program will prepare students to take Actuarial Exams P, FM and MLC as sponsored by the Society of Actuaries (SOA), and will provide Validation by Educational Experience (VEE) credits for Corporate Finance and Applied Statistical Methods.

Below is a list of required courses to be completed over a period of two years;

Core Courses (Math and Actuarial Science)-18 Credits

  • Probability
  • Mathematical Statistics
  • Introduction to Financial Mathematics
  • Regression Analysis and Statistical Models
  • Forecasting and Time Series Analysis
  • Actuarial Models and Life Data Analysis

Professional Skills Course Requirements – 9  Credits 

  • Professional Skills 1 -Financial and Managerial Accounting
  • Professional Skills 2 - Corporate Finance
  • Professional Skills 3 – Financial Risk Management

Internship/Capstone Project - 3 Credits

  • Internship Program/Capstone Project

Suggested Full-Time Student Map

Year 1:
Fall Semester: Probability (7 week); Introduction to Financial Mathematics (7 week); Professional Skills 1 - Financial and Managerial Accounting (full semester)
Spring Semester: Mathematical Statistics (7 week); Regression Analysis and Statistical Models (7 week); Professional Skills 2 - Corporate Finance (full semester)

Year 2:
Fall Semester: Forecasting and Time Series Analysis (7 week); Actuarial Modles and Life Data Analysis (7 week); Professional Skills 3 - Financial Risk Management (full semester)
Spring Semester: Internship Program/Capstone Project (full semester)

For more details

Contact Person: Dr. Richard Mikula