Actuarial Sciences Middle Tennessee State University

Overview

The Actuarial Sciences programme at Middle Tennessee State University provides students with a rigorous academic foundation in mathematics and statistics. This degree is specifically designed to prepare individuals for high-level decision-making roles within the global insurance, investment, and risk management sectors.

As the only institution in Tennessee to offer dedicated coursework in this field at both undergraduate and graduate levels, the university maintains a unique position in the region. Students benefit from a curriculum that aligns with the preliminary examinations of major professional actuarial societies. The learning environment encourages direct interaction with industry professionals through various networking events and specialised student organisations.

Why Actuarial Sciences at Middle Tennessee State University?

The university offers a distinctive teaching approach that combines theoretical mathematics with practical business applications. Facilities include dedicated research centres and access to the Martin Chair of Insurance within the Jones College of Business. This partnership provides students with unique guidance and additional scholarship opportunities not found at other institutions.

The programme is supported by an active Program Advisory Board consisting of vice presidents and chief actuaries from leading firms. This ensures the curriculum remains relevant to current industry standards and technological advancements. Students also benefit from the presence of Gamma Iota Sigma, a professional insurance fraternity that fosters a supportive community and provides further financial aid options.

Tuition Fee Breakdown

• International fee: USD 20940 per year
• National fee: USD 20940 per year
• Local fee: USD 8292 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum is structured to support students through the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) examination process. Modules may include:

• Mathematical Foundations of Actuarial Science
• Compound Interest
• Interest Theory, Economics and Finance
• Actuarial Mathematics
• Risk Management
• Options, Futures & Other Derivatives
• Credibility Theory and Loss Distributions
• Construction and Evaluation of Actuarial Models
• Macroeconomics
• Microeconomics
• Pricing Theory
• Statistical Methods for Forecasting

Careers with Actuarial Sciences

Graduates are in high demand across the pension, finance, and insurance industries due to their specialised analytical skills. Common professional roles include actuarial analysts, risk management consultants, annuity pricing actuaries, and data analysts. Many alumni also find successful careers within government agencies, academia, and emerging fields like machine learning.

The university has a strong track record of placing graduates in prestigious organisations worldwide. Notable employers of alumni include Aetna, Blue Cross Blue Shield, Cigna, State Farm Insurance, and Zurich Insurance. Graduates have also secured positions at international firms such as the Bank of China and Willis Towers Watson, reflecting the global recognition of the degree.