Program Overview

Introduction to the Actuarial Science Program

The Master of Science in Actuarial Science program at Columbia University is internationally renowned for its breakthrough curriculum and esteemed faculty. The program equips students with the tools, skills, and knowledge to excel in today’s rapidly evolving actuarial and related workplaces, with a course of study designed to anticipate and exceed industry needs.

Program Overview

The program's academic rigor greatly benefits from partners and advisors in the Actuarial Science Academic Committee (ASAC). ASAC members are professors across Columbia University's Statistics Department, the Engineering School, and the School of Professional Studies. ASAC steers the program's academic affairs, including curriculum and faculty recruitment.

Program Options

The program offers two options:

• Master of Science (full-time)
  • Required Experience: Knowledge of elementary economics, linear algebra, and multivariate calculus
  • Course Formats: On-campus
  • Time Commitment: 3 semesters
• Master of Science (part-time)
  • Required Experience: Knowledge of elementary economics, linear algebra, and multivariate calculus
  • Course Formats: On-campus
  • Time Commitment: Up to 3 years

Professional Licensure and Certification Disclosure Requirements

The School of Professional Studies Actuarial Science program prepares students for the associate actuarial certification examinations of Society of Actuaries and Casualty Actuarial Society and thereby does meet the academic requirements for certification in all 50 states.

Rankings and Employment Outlook

• The program is ranked #3 worldwide for the best master's program in actuarial science and ranked #6 for best master's program in insurance, risk management, and actuarial science by Eduniversal (2019).
• The employment of actuaries in the U.S. is expected to increase 24% by 2030 compared to an 8% growth average for all occupations (Bureau of Labor Statistics).