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Mathematics - Actuarial Science and Statistics

University of Central Missouri

M.Sc.
24 months
Duration
597 USD/credit
299 USD/credit
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

A master’s degree in Actuarial Science and Statistics is designed to fit the needs of students in actuarial science, statistics or related fields. 

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Overview

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 

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
IELTS or TOEFL needed

Delivered

On Campus, Blended

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
3 (required)
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
79 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.

Other requirements

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.

Blended (Hybrid): 349$/credit

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.

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Mathematics - Actuarial Science and Statistics
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University of Central Missouri

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