Program Description:

The Professional Master’s in Applied Mathematics (Actuarial Science) Program, or PMAM, is intended primarily to students who would like to pursue an actuarial career.

 

Program Objectives:

The Professional Masters in Applied Mathematics (Actuarial Science) program is a program that

  • prepares the students for a profession in the actuarial industry;
  • enhances the skills and analytical thinking of the student in an actuarial setting; and
  • prepares the students in the local and international professional examinations

 

Qualification:

Aside from the general requirements for admission set forth by the College of Science, applicants of PMAM must have taken at least 9 units of calculus and statistics courses.  In addition, students should have taken a probability course, an interest theory course, and a life contingencies course. A student who has not taken any of the latter courses may still be admitted provided they take and pass them as non-credit courses.

 

Placement Examination:

An admitted student may be required by the I-Math Graduate Committee to take a placement examination. Depending upon the result, s/he may be required to complete appropriate undergraduate remedial courses in the College.

 

Program Requirement:

Students admitted into PMAM must complete 34 units of course work, including a project paper and a one-unit graduate seminar. The student must maintain a GWA of 2.0 or better in his/her graduate courses at the end of each academic year. Students should also pass the written and oralcomprehensive examinations prior to graduation. The written examination covers Math 260, Math 261, Math 262.1, Math 262.2 and a third area. The oral examination is a seminal presentation which is administered once the written examination is passed.

 

Disqualification from the Program:

A student is disqualified from the program if(1) the student did not achieve a GWA of at least 2.0 during the academic year; or (2) the student did not pass the preliminary examination or comprehensive examination twice.

 

 

Program of Study:

FIRST YEAR
First Semester   Second Semester
Math 203Matrices and Applications Math 262.1 Actuarial Science I
Math 271.1Numerical Analysis Math 261 Loss and Survival Models
Math 260 Actuarial Theory and Practice Elective
SECOND YEAR
First Semester   Second Semester
Math 262.2 Actuarial Science II Math 295 Special Project
Elective (Actuarial Course) Math 296
Elective Elective (Actuarial Course)
THIRD YEAR
First Semester   Second Semester
Preliminary Examination (written)
Qualifying Examinations (oral)

 

(for illustration purposes)

 

Note: Requirements and Guidelines for the PMAM program are patterned from those in the Master of Science Programs under a non-thesis option.