Boston University, USA, Boston

Actuarial Science, M.Sc.

Course Highlights

Actuaries use quantitative skills to help others make prudent and intelligent financial decisions.

Career Opportunities

Having completed an accounting or finance related degree you would provide services relating to financial reporting, taxation, auditing, insolvency, accounting information systems, budgeting, cost management, planning and decision-making by organisations and individuals; and provide advice on associated compliance and performance requirements to ensure statutory and strategic governance. You can work as an Accountant (General),Management or Cost Accountant,Taxation Accountant, Agent or Consultant, finance specialist and Auditor.

Course Overview

These decisions are based on future predictions that are derived from past and present data analyses. 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 men and women 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 the student a broad-based exposure to business and economic principles along with an opportunity to further his/her 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.

Subjects

Programme Structure Courses include: Actuarial Mathematics Actuarial Statistics Regression and Time Series Individual Insurance Applications of Actuarial Principles Group Insurance Applications of Actuarial Principles Casualty Insurance Principles Mathematics for Investment and Portfolio Theory Mathematical Finance Pension Mathematics and Mortality Tables Seminar in Actuarial Science Software Development with C++ for Mathematical Finance Probability Mathematical Statistics SAS with Statistical Applications

Fees

AUD/year

Academic Entry Requirement

To satisfy the minimum requirements to be considered for the Master of Science in Actuarial Science degree program, applicants must: Have a bachelor's degree Have completed two semesters of calculus, and one semester of multivariate calculus Submit results of the Test of English as a Foreign Language (TOEFL) examination (international students only)

English Entry Requirement

7

Contact Details

Boston University