The Masters Degree program must be completed without a thesis (Option II) and all
requirements under this option must be met. Option I (with a thesis) is not generally
open for this degree. The non-thesis route (Option II) is required because students
will find the additional course work more valuable to them than the thesis, especially
with regards to the Society of Actuaries exams. A total of 36 hours is required.
The MS degree program is expected to take two years (24 months) for students admitted
with deficiencies. For those admitted without deficiencies it normally takes 21
months, including the summer.
In place of the usual major and minor requirements, the master program must include
Actuarial Science 840, 870, 871 and 873 and Finance 812 or 813, and at least 6 additional
hours from Actuarial Science. The program must include at least 12 hours earned
in courses open exclusively to graduate students (900 level courses or 800 level
courses without 400 or lower level counterparts).
Minors are available in Computer Science, Economics (non-Insurance), Finance, Insurance
or Statistics. However, the recommended minor is Finance. These minors are subject to
the approval of the Actuarial Science Graduate Committee. Minors require at least 9 hours
in the minor area in addition to the major requirements cited above.
Actuarial Science as a Minor
Students enrolled in other departments may choose to use Actuarial Science as their
minor area under Option II. A minor in Actuarial Science must include Actuarial
Science 840, 870, 871 and 873. Students wishing to do this should contact the Chairperson
or Advisor of their major area, and the graduate advisor of the Actuarial Science
It should be noted that within the Actuarial Science program the normal graduate
school scholarship requirement, "B" or better applies to all 800 level major &
minor courses. The normal graduate school scholarship requirement, "C" or better,
for 900 level courses remains the same for the Actuarial degree program. However,
a student who receives a "C" grade or lower in his/her minor area may be required
to take a Comprehensive Exam in the minor area.
Memorandum of Courses
The Memorandum of Courses, which contains the proposed list of courses for the student's
graduate program, must be filed with the Graduate Studies Office (1100 Seaton Hall)
before the end of their second semester has been completed. Students should check
with the Graduate Office for further clarification.
The following courses cannot be included as a part of your memorandum of
courses: Economics 815, 816, 819, 837 and 854; Math 800, 813, 814, 820, 821 and
822; Statistics 880, 881; Computer Science 840
Masters degree students will be expected to pass a written comprehensive examination
on Actuarial Science. The Actuarial Science Comprehensive Exam for students graduating
in May or August is held on the first Tuesday of April and for students graduating
in December on the Tuesday before Thanksgiving. Students may be expected to pass
another written comprehensive examination on their minor area. Check with your Minor
Department. In addition, an oral examination may be required.
Scheduling of Classes
The scheduling of the courses for an actuarial science graduate student depends
on the student's background. Appropriate adjustments are needed for students who
do not have the prerequisites for the various classes. The core courses and other
necessary courses should be worked into the schedule according to the individual
student's preferences and area of concentration.
EACH STUDENT SHOULD CONSULT WITH HIS/HER ACADEMIC ADVISOR REGARDING THE DETAILS
OF THE STUDENT'S INDIVIDUAL PROGRAM.