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Mathematics - Actuarial Science and Statistics, M.Sc.

  • Application Deadline
  • 24 months
    Duration

About

You have an option to take a wide range of courses in statistics, actuarial science, data analysis, as well as computer science.  The curriculum is designed to provide a strong training in quantitative and statistical reasoning as well as skills using statistical software including R and SAS.  The program is flexible enough to allow students to concentrate courses in either actuarial science or statistics, and can provide a combination of course in Statistics and Computer Science for those interested in the field of Data Science.Into Data-Driven World

Through the Actuarial Science and Statistics program at the University of Central Missouri, students will be prepared to expand their knowledge in mathematics, statistics, actuarial modeling, finance and economics.  Students have access to a modern computer laboratory, equipped with a wide range of statistical software.

To pursue the actuarial career, you will study interrelated subjects, including probability, statistics, mathematics of investment and finances, economics, and computer science. The majority of actuaries work for insurance companies, but there are also positions in government, consulting, and corporations. 

To earn an actuarial credential, you must complete a series of actuarial examinations, e-Learning components and other requirements through an actuarial membership organization such as the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS).

Student Learning Outcomes - The graduate with a Master of Science degree in Mathematics, Actuarial Science and Statistics Option will use the knowledge and skills obtained in the program to:

  • Communicate actuarial/statistical ideas clearly and coherently. 
  • Develop analytical skills to solve complex problems in actuarial/statistical fields. 
  • Select appropriate software packages to solve real world problems in actuarial/statistical principles.

Programme Structure

Courses include:

  • Probability Models
  • Mathematical Statistics 
  • Regression Analysis 
  • SAS Programing for Statistical Analysis 
  • Statistical Modeling 
  • Multivariate Statistical Analysis 
  • Principles of Data Mining 

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Languages
    • English
  • Delivery mode
    On Campus, Blended

English Language Requirements

  • Minimum required score:

    6

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:

    79

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

    Schedule TOEFL®
  • Minimum required score:

    550

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

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Academic Requirements

You need the following GPA score:

Required score: 3

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

General Requirements

To be accepted into this program, a student must have an undergraduate major in mathematics, or coursework equivalent to a UCM major in mathematics, actuarial science or statistics with a minimum grade point average of 3.00 in upper-level  mathematics, actuarial science, or statistics courses. A student not meeting these minimum standards may consult the School of Computer Science and Mathematics for possible acceptance on a conditional basis. 

Tuition Fee

  • International

    597 USD/credit
    Tuition Fee
    Based on the original amount of 597 USD per credit and a duration of 24 months.
  • National

    299 USD/credit
    Tuition Fee
    Based on the original amount of 299 USD per credit and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
Blended (Hybrid): 349$/credit

Living costs for Warrensburg

  • 800 - 1300 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.

The Global Study Awards: get funded with up to £10,000 to study abroad

Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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