Program Overview
MSOE's actuarial science degree equips students with advanced mathematical, statistical, and financial knowledge to manage and mitigate risks faced by organizations. The program emphasizes critical thinking, problem-solving, and communication skills, preparing graduates for careers as actuaries, risk managers, financial analysts, and other professionals in the field. With a high demand for actuaries and related professionals, the program offers competitive salaries, job security, and opportunities in various industries.
Program Outline
Degree Overview:
Overview:
MSOE's actuarial science degree prepares students to manage and mitigate complex risks faced by organizations. The program combines advanced mathematics with advanced computer programs, statistics, finance, probability, and more.
Objectives:
- Develop proficiency in actuarial science concepts and techniques
- Equip students with critical thinking, analytical, and problem-solving skills
- Foster understanding of business principles, including finance, economics, and accounting
- Enhance communication and interpersonal skills relevant to the actuarial profession
Program Description:
The actuarial science program at MSOE includes a comprehensive curriculum that covers the following key areas:
- Mathematics (e.g., calculus, linear algebra, probability theory, statistics)
- Computer programming (e.g., Python, R, SAS)
- Statistics (e.g., data analysis, statistical modeling)
- Finance (e.g., financial markets, investments, risk management)
- Probability (e.g., probability distributions, stochastic processes)
- Economics (e.g., microeconomics, macroeconomics)
Careers:
Potential Career Paths:
- Actuary (health, life, casualty, property)
- Risk manager
- Financial analyst
- Data scientist
- Business analyst
- Statistician
- Economist
Opportunities and Outcomes:
- High demand for actuaries and related professionals
- Competitive salaries and benefits
- Opportunity to work in various industries and roles
- Job security and stability
