2023-2024 Academic Catalog 
    
    Jul 19, 2024  
2023-2024 Academic Catalog [Archived 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 is widely regarded as a top-ranking career choice when evaluated across various criteria, including work environment, income, stress level, job security, physical demands, and employment prospects. Actuaries primarily find employment in insurance companies, consulting firms, government agencies at the federal and state levels, corporations, and academic institutions.

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 

Additional Information

Students will also be able to complete the coursework toward the following Certificate Programs.

Big Data Post Baccalaureate Certificate  

Machine Learning Post Baccalaureate Certificate   

Fundamentals of Artificial Intelligence Post Baccalaureate Certificate  

 

For more information on these classes and enrollment, please reach out to the Director of Actuarial Science at Maryville University, Dr. Guangwei Fan, via email at gfan@maryville.edu or Joe Raggette at jraggettejr1@maryville.edu

 

SOA Exam and VEE


The Society of Actuaries has recently implemented changes to its examination structure. For detailed information regarding this redesign, it is recommended to visit the website of the Society of Actuaries.

To attain the designation of Associate of Society of Actuaries (ASA), one of the requirements must be fulfilled by completing approved VEE (Validated by Education Experience) courses. As part of the pilot group recognized by the Society of Actuaries, Maryville University offers courses that have been approved by the VEE Administration Committee. These courses cover the necessary topics in Accounting and Finance, Economics, and Mathematical Statistics, meeting the requirements set by the Society of Actuaries.

 
SOA EXAM
Course Number and Title
  VEE Economics
  ECON 203 - Principles of Economics  
  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 Actuarial Science curriculum at Maryville University is strategically aligned with the six actuarial exams supported by the Society of Actuaries. The table below highlights the specific courses within the major and their correlation to the corresponding professional exams:

 

  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  
  FAM    Fundamentals of Actuarial Mathematics
 
  ACSC 421  / ACSC 521-Actuarial Modeling I   
  ACSC 407  / ACSC 607-Loss Models   
  ACSC 422   / ACSC 522-Actuarial Modeling II  
 ALTAM  Advanced Long-Term Actuarial Mathematics
  SRM  Statistics for Risk Modeling
  MATH 405  /  
  PA  Predictive Analytics
  DSCI 412  /   

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