UT Dallas 2013 Graduate Catalog

School of Natural Sciences and Mathematics

Master of Science in Actuarial Science Program

36 hours minimum

Program Objective

The objective of the program is to educate future leaders of the actuarial industry with training in actuarial theory and methods in a wide spectrum of actuarial applications involving probabilistic and statistical models. All students will be prepared to take five actuarial preliminary exams and will take two advanced actuarial classes to prepare for professional accreditation. Furthermore, students who did not take classes required for VEE (Validation of Educational Experience) credits in statistics, finance, and economics will have such opportunity. With this combined knowledge of mathematics particularly of probability, statistics, and decision theory together with knowledge of financial mathematics and insurance, the expected passing of five actuarial exams, and the three required VEE credits, graduates of the program will be able to work as senior actuaries in insurance, consulting, finance, government, and emerging markets.

Program Faculty

Professors: Larry P. Ammann, Michael I. Baron, Sam Efromovich, Robert Serfling

Associate Professor: Pankaj K. Choudhary

Clinical Professor: Ronald D. Dearing

Clinical Associate Professor: Natalia Humphreys

The Master of Science in Actuarial Science (AS) Program at the University of Texas at Dallas is administered through the Department of Mathematical Sciences.

Course Requirements

The University's general degree requirements are discussed on the Graduate Policies and Procedures page (catalog.utdallas.edu/2013/graduate/policies/policy).

The minimal total required number of classes for graduation is 36 semester credit hours. Among them, 27 hours of required courses and 9 semester credit hours of electives.

Required Courses: 27 hours

STAT 5351 Probability and Statistics I1

STAT 5352 Probability and Statistics II1

ACTS 6301 Theory of Actuarial Models: Life Contingencies I2

ACTS 6302 Theory of Actuarial Models: Financial Economics3

ACTS 6303 Theory of Actuarial Models: Life Contingencies II4

ACTS 6304 Theory of Actuarial Methods I5

ACTS 6305 Theory of Actuarial Methods II6

ACTS 6306 Advanced Actuarial Applications7

ACTS 6308 Advanced Actuarial Financial Mathematics8

Prescribed Elective Courses: 9 hours

For the prescribed elective courses student chooses three of the following:

STAT 6337 Advanced Statistical Models9

STAT 6329 Applied Probability and Stochastic Processes

STAT 6338 Advanced Statistical Methods II

STAT 6343 Experimental Design

STAT 6347 Applied Time Series Analysis9

STAT 7338 Time Series Modeling and Filtering

STAT 6348 Applied Multivariate Analysis

STAT 6390 Topics in Statistics Level 6

STAT 7334 Nonparametric and Robust Statistical Methods

MATH 6313 Numerical Analysis

STAT 6331 Statistical Inference I

FIN 6301 Financial Management10

FIN 6308 Regulation of Business and Financial Markets

FIN 6310 Investment Management

FIN 6314 Fixed Income Securities

FIN 6360 Options and Future Markets

FIN 6382 Numerical Methods in Finance

OPRE 6335 Risk and Decision Analysis

MECO 6303 Business Economics11

ACCT 6305 Accounting for Managers

POEC 7306 Macroeconomic Theory and Policy11

POEC 6321 Economics for Public Policy

Preparation for Actuarial Exams

These classes prepare for the three preliminary actuarial examinations jointly administered by the Society of Actuaries (SOA), Casualty Actuarial Society (CAS) and the Canadian Institute of Actuaries (CIA):

Exam 1/P: STAT 5351 and STAT 5352

Exam 2/FM: ACTS 6308

Exam 3L/MLC: ACTS 6301

Exam 3F/MFE: ACTS 6302

Exam 4/C: ACTS 6304

Exam 5/FAP: ACTS 6306

Validation by Educational Experience (VEE) Credits

Applied Statistical Methods: STAT 6337 and STAT 6347

Corporate Finance: FIN 6301

Economics: MECO 6303 and POEC 7306

1. Exam 1/P

2. Exam 3L/MLC, Part I

3. Exam 3F/MFE

4. Exam 3L/MLC, Part II

5. Exam 4/C, Part I

6. Exam 4/C, Part II

7. Exam 5/FAP

8. Exam 2/FM

9. VEE, Applied Statistical Methods

10. VEE, Corporate Finance

11. VEE, Economics

Updated: 2015-03-26 17:35:43 - v
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