Curriculum

36 points for degree completion* On-campus instruction**
Part-time or full-time program*** Fall intake only
up to three years (part-time) or three terms (full-time) to complete  
Extensive professional development features.

* Does not include points earned in ACTU PS5900 Proseminar in Actuarial Science or ACTU PS5995 Internship in Actuarial Science.
** Select courses are available online.
*** International students are responsible for ensuring they have read and understand the University’s student visa application eligibility and requirements. Please note that it is not permissible to enroll while in B-1/B-2 status. In addition, if studying on a student visa, you must enroll full-time (12 credits per term) and study on campus.

Curriculum Overview

The curriculum is designed on three pillars: Fundamental Knowledge, Specialized Knowledge, and Fostering Leaders.

Courses are taught by leading experts in subjects that include:

  • Insurance and Risk Management, Life Insurance, Property & Casualty Insurance, Pensions, and Risk Management
  • Finance, Financial and Capital Market, Financial Management, and Investment
  • Data Science and Predictive Modeling

The program’s core (or required) courses place an emphasis on fundamental knowledge and specialized knowledge. Those core courses also help students prepare for actuarial science exams. For more details, see the Mapping of SOA/CAS Exams to Core Courses table below.

Degree Requirements

Students must complete 36 points (including eight core courses) for degree completion. Their GPA must be 3.0 or higher, and a specific grade level applies to required courses:

  • Must have a Grade of B- or higher for Probability Theory GU4303 and Statistics Inference GU4304
  • Must have a Grade of C- or higher for other required courses

Course Requirements and Waivers

Each semester, all full-time students are required to enroll in ACTU PS5900 Proseminar in Actuarial Science unless they secure an internship, in which case they instead will enroll in ACTU PS5995 Internship in Actuarial Science. These courses are optional for part-time students.

All other required courses related to actuarial organization examinations may be waived if the student has passed the corresponding SOA or CAS examinations listed below. Such students will substitute these courses with approved electives. Student may waive courses by providing a transcript from the SOA or CAS, proving successful completion.

Waiver rules applied if a student has passed SOA/CAS exams; for more details, see the Mapping of SOA/CAS Exams to Core Courses table below.

Mapping of SOA/CAS Exams to Core Courses

SOA Exam(s) CAS Exam(s) Actuarial Science M.S. Program Core Courses
P 1 STAT GU4203 Probability Theory*
P 1 STAT GU4204 Statistical Inference*
IFM or 3F ACTU PS5830 Models for Finance and Economics
LTAM or MLC   ACTU PS5821 Actuarial Methods I
LTAM or MLC   ACTU PS5822 Actuarial Methods II
STAM or C   ACTU PS5823 Actuarial Models
SRM and PA   ACTU 5840 Predictive Modeling in Finance and Insurance
  MAS-I and MAS-II ACTU 5840 Predictive Modeling in Finance and Economics
  MAS-I and MAS-II ACTU 5824 Actuarial Models II

* STAT GU4203 and STAT GU4204 cannot be waived in any circumstance unless students took those courses from the Statistics Department at Columbia University.