Jan 19, 2019  
2018-2019 Academic Catalog 
    
2018-2019 Academic Catalog

Actuarial Science, M.S.


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The Actuarial Science Program at Maryville University is an Advanced Curriculum Actuarial Program of Society of Actuaries (UCAP-AC).

The Master Program in Actuarial Science is designed to accommodate professionals currently working in the field as well as students who have completed or are completing their undergraduate degree in actuarial science, data science, mathematics, or a related field. The advanced coursework and professional internship opportunities of the program are specifically designed to prepare students to pass the exams required to obtain the professional designations of Associate of the Society of Actuaries (ASA) and Chartered Enterprise Risk Analyst (CERA) by the Society of Actuaries. The program offers two different paths to obtain the master’s degree: the Master of Science in Actuarial Science and the Accelerated Master of Science in Actuarial Science.

Actuarial Science as a Career

Actuarial science ranks high when compared to other careers judged on the following criteria: work environment, income, stress level, security, physical demands, and employment opportunities. Most actuaries work for insurance companies, consulting firms, the federal and state government, corporations, and universities.

Master of Science in Actuarial Science

The Actuarial Master Program at Maryville University offers a 36 credit hour program (12 courses) leading to the Master of Science in Actuarial Science. The 12 required courses of the program are spread across four semesters, with three courses taken each semester. Other time is spent in preparation for Society of Actuaries exams and internship training. Students in the Master in Actuarial Science program are also required to pass two Society of Actuary exams to fullfill their degree requirements.

The program allows for possible completion in three semesters. Courses are offered mainly in the evening and weekend to accommodate part­-time working students. Courses offered jointly with undergraduate students are mainly in the day.

Accelerated Master of Science in Actuarial Science

Information for early access with the accelerated program can be found here 

Non­Degree Seeking Option for Actuarial Exams

Actuarial professionals may enroll in specific actuarial science classes to prepare for the series of professional actuarial exams. Students would be classified as non­degree seeking students for this purpose. Contact the Director of Mathematics, Actuarial Science and Data Science (gfan@maryville.edu) for further information.

 

(See a curriculum guide for recommended sequencing.) ​

 

Master in Actuarial Science Required Courses


(Student must earn a minimum of 12 credit hours)

SOA Exam and VEE


As of 2018, the Society of Actuaries has revised its examination structure. Detailed information regarding this redesign can be obtained from the website of the Society of Actuaries.

One of the requirements for Associate of Society of Actuaries (ASA) must be met through taking approved course VEE (Validated by Education Experience Subjects). Maryville University, as one of the Society of Actuaries’ pilot group, offers courses which have been approved by VEE Administration Committee to fulfill the requirements of topics in Accounting and Finance, Economics, and Mathematical Statistics.

 

SOA VEE 2018 vs Maryville University Courses

  VEE Economics

  ECON 201 Macroeconomics  

  ECON 202 Microeconomics  

  VEE Accounting and Finance

  ACCT 210 Financial Accounting  

  ACSC 416  / ACSC 516 Corporate Finance I  

  VEE Mathematical Statistics

  MATH 372  / MATH 572 Mathematical Statistics  

 


The Maryville Actuarial Science curriculum is designed to coordinate with the seven actuarial exams sponsored by the Society of Actuaries. See the following table for the specific courses in the major and how they relate to the professional exams.

SOA EXAMS 2018 vs Maryville University Courses

  SOA EXAM

  Course Number and Title

  FM  Financial Mathematics

  ACSC 414  / ACSC 514 Theory of Interest  

  ACSC 415  / ACSC 515 Financial Mathematics  

  ACSC 495  / ACSC 595 Actuarial Seminar II  

  P Probability

 MATH 370  / MATH 570 Probability I  

  MATH 371  / MATH 571 Probability II  

  ACSC 394  / ACSC 594 Actuarial Seminar I  

  IFM Investment & Financial Markets

  ACSC 411  / ACSC 611 Derivative Markets  

  ACSC 426  / ACSC 526 Corporate Finance II  

  LTAM  Long-Term Actuarial Mathematics

  ACSC 421  / ACSC 521 Actuarial Modeling I  

  ACSC 422  / ACSC 522 Actuarial Modeling II  

  STAM  Short-Term Actuarial Mathematics

  MATH 406  / MATH 506 Statistical Modeling II  

  ACSC 407  / ACSC 607 Loss Models  

  SRM  Statistics for Risk Modeling

  MATH 405  / MATH 506 Statistical Modeling II  

  PA  Predictive Analytics

  DSCI 412  / DSCI 619 Deep Learning  

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