24 months
Duration
26724 USD/year
26724 USD/year
12120 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

This M.S. program in Mathematics with concentration in Actuarial Science at University of Connecticut aims to prepare ed_cae_color_solid backgstudents for careers as practicing actuaries in the insurance, pension, financial or consulting industries. The M.S. program is completely inappropriate for students intending to pursue academic careers in research and teaching.

Overview

The Actuarial Science program at University of Connecticut offers coursework encompassing almost all of the subject matter for the first five professional examinations of the Society of Actuaries and Casualty Actuarial Society allowing students flexibility to focus on the particular material for which they are ready. These courses provide rigorous academic coverage of the material and are not specifically aimed at exam-prep, which is the student’s own responsibility. 

The program offers elective coursework meeting all of the Validation by Educational Experience (VEE) requirements of the two professional societies. In addition, advanced coursework in Statistics, Finance, Investing, Accounting and Economics is available. Students typically complete the degree in 3 or 4 semesters of full-time study and a few do it in two semesters. Rarely, a student completes the program on a part-time basis, which takes longer.

Students do well in this program if they come with bachelor’s degrees in mathematics, statistics, physics, engineering, quantitative economics, or other related fields, and who want a career applying their already strong mathematical knowledge and skills to the understanding and solution of problems involving risk and the financing of risk. No prior knowledge of actuarial science, finance, or investing is required but the mathematics background is essential (see Admission). Students with extensive prior actuarial study may be better served going directly into their careers rather than into this degree program. While most students are recent graduates, we also welcome returning students who wish to upgrade their skills to enter a new career or advance with their current employers.

Actuarial Exams

  • In order to graduate with a master’s degree, two of the mathematics department’s preliminary Ph.D. qualifying examinations must be passed (administered each year in August and January). Alternatively, passing grades on two exams of the Society of Actuaries or the Casualty Actuarial Society provide a waiver to the department qualifying examinations and is the preferred method to meet this requirement.

Programme Structure

Courses include:

  • Financial Math I – Theory of interest
  • Advanced Financial Math – Stochastic Finance
  • Actuarial Math
  • Survival Models
  • Risk Theory
  • Advanced Topics in Actuarial Math I – Model Construction
  • Yield Curve Models

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Credits

30 SCH

Delivered

On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Connecticut and/or in United States, please visit Student Insurance Portal.

Other requirements

General requirements

You must hold a baccalaureate degree or its equivalent from a regionally accredited college or university.The Graduate School does not require a third-party credential evaluation, however we accept evaluations from the following services:

  • NACES (National Association of Credential Evaluation Services) or
  • AICE (Association of International Credential Evaluators)

If your degree is a 3 year bachelor’s degree from India, Canada, Australia, Sri Lanka or certain other countries, we will not consider the degree to be equivalent with a 4 year US bachelor’s degree. Even if the degree has been evaluated as a 4 year degree by an outside credential evaluator that is a member of NACES (National Association of Credential Evaluation Services) or AICE (Association of International Credential Evaluators), we will not consider the degree to be equivalent with a 4 year US bachelor’s degree.TranscriptsPersonal Statement of Purpose

Tuition Fee

To alway see correct tuition fees
  • International

    26724 USD/year
    Tuition Fee
    Based on the tuition of 13362 USD per semester during 24 months.
  • National

    26724 USD/year
    Tuition Fee
    Based on the tuition of 13362 USD per semester during 24 months.
  • In-State

    12120 USD/year
    Tuition Fee
    Based on the tuition of 6060 USD per semester during 24 months.

Living costs for Storrs

1100 - 1600 USD /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Our partners

Actuarial Science
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University of Connecticut

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