Professional Science, Actuarial Science Concentration, M.S.
Program Overview
MTSU's Master of Science in Professional Science with a concentration in Actuarial Science equips students with the knowledge and skills to pursue actuarial careers. The program includes core courses in accounting, communication, leadership, and statistics, as well as specialized actuarial courses in modeling, life contingencies, and financial economics. Graduates are highly sought after by employers in various industries, including insurance, consulting, and finance.
Program Outline
Degree Overview:
The Master of Science in Professional Science with a concentration in Actuarial Science at Middle Tennessee State University (MTSU) provides students with the foundation, knowledge, and skills necessary to pursue a career as an actuary and pass professional actuarial exams. The program equips students with practical expertise in applying probability theory and statistical analysis to manage risks and solve complex problems. Students complete an internship in lieu of writing a thesis.
Outline:
The Master of Science in Professional Science with a concentration in Actuarial Science at MTSU comprises 36 semester hours of coursework, structured as follows:
Core Courses (15 hours)
- ACTG 6100 - Accounting and Legal Issues for Managers
- BCED 6820 - Managerial Communication
- BCED 6910 - Internship Program
- MGMT 6740 - Leadership and Motivation
- STAT 5140 - Probabilistic and Statistical Reasoning
Concentration Courses (21 hours)
Required Courses (9 hours)
- ACSI 6020 - Construction and Evaluation of Actuarial Models
- ACSI 6030 - Actuarial Models for Life Contingencies
- ACSI 6040 - Actuarial Models for Financial Economics
Electives (12 hours) Selected from:
- ACSI 5220 - Mathematics of Corporate Finance
- ACSI 5230 - Mathematics of Compound Interest
- ACSI 5240 - Mathematics of Interest Theory, Economics, and Finance
- ACSI 5530 - Rate Making and Loss Reserving
- ACSI 6010 - Introduction to Loss Models
- ACSI 6110 - Predictive Analysis
- ACSI 6600 - Problems in Actuarial Science
- DATA 6300 - Data Understanding
- DATA 6310 - Data Exploration
- ECON 6010 - Macroeconomics I
- ECON 6020 - Microeconomics I
- ECON 6070 - Econometrics II
- STAT 5190 - Mathematical Statistics II
- STAT 5200 - Statistical Methods for Forecasting
- STAT 5320 - Probability and Stochastic Processes
- STAT 5700 - Analysis of Large-Scale Data Sets
- STAT 6160 - Advanced Mathematical Statistics I
- STAT 6180 - Advanced Mathematical Statistics II
- STAT 6605 - Problems in Statistics-SAS Programming
- STAT 7400 - Computational Statistics
- MATH 6601 - Problems in Mathematics-Advanced Calculus
- MATH 6602 - Problems in Mathematics-Number Theory
- MATH 6603 - Problems in Mathematics-Mathematics of Finance
Careers:
Graduates of the Master of Science in Professional Science with a concentration in Actuarial Science from MTSU are highly sought after by employers in various industries, including insurance, consulting, finance, healthcare, and banking. Potential career opportunities include:
- Actuarial Analyst
- Actuarial Auditing
- Annuity Pricing Actuary
- Chief Actuary and Vice President
- Consulting Actuary
- Data Analyst
- Financial Actuary
- General Liability Actuary
- Health Actuary
- Investment Researcher
- Investment Valuation
- Life Reinsurance Pricing
- Life Valuation
- Model Validation Financial Actuary
- Mortality Valuation
- Product Actuary
- Risk and Hedging
- Risk Management
- Specialty Pricing Actuary
- Underwriting Notable employers of MTSU alumni include:
- Acuff & Associates
- Aetna
- Alfa Insurance
- American General Life and Accident Insurance Co.
- Bank of China
- Blue Cross Blue Shield of Tennessee
- BPS&M — Wells Fargo Commercial, Brentwood
- Caterpillar Finance
- China Actuarial Society
- China PingAn Insurance
- Cigna
- Consumers Insurance
- Direct General Group of Companies
- Farm Bureau Insurance
- Farmers Insurance
- First Acceptance Insurance
- Genworth Financial
- Humana Inc., Kentucky
- Humana Inc., Texas
- Lincoln Financial Group
- Nationwide Insurance
- Select Actuarial Services
- Sigma Actuarial Consulting Group, Inc.
- State Farm Insurance
- Tower and Watson, Memphis
- Tower and Watson, Atlanta
- Travelers Insurance
- Willis North America Inc.
- Zurich Insurance
Middle Tennessee State University
Overview:
Middle Tennessee State University (MTSU) is a large university with a small-town feel, located in Murfreesboro, Tennessee. It is known for its affordability, strong academic programs, and vibrant campus life. MTSU is a public university with a diverse student body, including a significant number of first-generation students.
Services Offered:
MTSU offers a wide range of services to its students, including:
Financial Aid:
83% of students receive financial aid, with over $230 million in assistance available.Campus Improvements:
The university has invested $1.5 billion in recent campus improvements and renovations.Academic Support:
MTSU provides academic advising, tutoring, and other support services to help students succeed.Student Life:
The university offers a variety of student organizations, clubs, and activities to enhance the campus experience.Career Services:
MTSU provides career counseling, job placement assistance, and internship opportunities.Student Life and Campus Experience:
MTSU boasts a vibrant campus life with a strong sense of community. Students can enjoy:
Large Campus with Small-Town Feel:
MTSU's 515-acre campus offers a scenic, park-like setting while maintaining a close-knit atmosphere.Active Student Organizations:
Students can join over 200 student organizations and clubs, catering to diverse interests.Athletics:
MTSU has 17 Division I sports teams, providing opportunities for both participation and spectator enjoyment.Campus Events:
The university hosts a variety of events throughout the year, including concerts, lectures, and sporting events.Student Union:
The Student Union serves as a central hub for students, offering dining, a bookstore, a game room, a theater, and more.Key Reasons to Study There:
Affordability:
MTSU offers the lowest tuition among Tennessee's three largest universities, making it a highly affordable option.Strong Academic Programs:
MTSU offers over 300 undergraduate and graduate majors and concentrations, including highly ranked programs in areas like Industrial and Organizational Psychology and Audio Engineering.Diverse Student Body:
MTSU is home to a diverse student population, including a significant number of first-generation students.Vibrant Campus Life:
The university offers a wide range of student organizations, clubs, and activities, fostering a strong sense of community.Career Opportunities:
MTSU provides career counseling, job placement assistance, and internship opportunities to help students prepare for their future careers.Academic Programs:
MTSU offers a wide range of academic programs across eight colleges, including:
Arts and Sciences:
Offers majors in fields like biology, chemistry, English, history, and mathematics.Business:
Offers majors in accounting, finance, marketing, and management.Education:
Offers majors in elementary education, secondary education, and special education.Engineering and Technology:
Offers majors in computer science, electrical engineering, and mechanical engineering.Fine Arts:
Offers majors in music, theater, and art.Health and Human Sciences:
Offers majors in nursing, health sciences, and human development.Liberal Arts:
Offers majors in communication, journalism, and political science.University College:
Offers a variety of general studies programs and interdisciplinary majors.Other:
- MTSU is the number 1 producer of college graduates in the greater Nashville area.
- MTSU is home to the first public Honors College in Tennessee.
- MTSU has more than two dozen Fulbright scholars.
- MTSU students, alumni, faculty, and staff have won 47 Grammy Awards since 2001.
- MTSU is known for its flexible programs that emphasize real-world projects and soft skills development.
Entry Requirements:
Admission to the Master of Science in Professional Science with a concentration in Actuarial Science requires: an earned bachelor's degree from an accredited university or college with a course in multivariate calculus (MATH 3110 or the equivalent) with a grade of C (2.00) or better and a course in linear algebra (MATH 2010 or equivalent) with a grade of C (2.00) or better; basic competency in word processing, electronic mail, library retrieval systems, presentation graphics, spreadsheets, and databases; appropriate undergraduate preparation for advanced study of actuarial science.
