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Columbia’s M.S. in Actuarial Science is a rigorous program of study that grounds students in the theory and methods used by actuaries, while also preparing them to pass the industry examinations required in the field (Society of Actuaries Exams P, FM, MLC, MFE, and C, and Casualty Actuary Society Exams 1–4). The program gives students the opportunity to study with some of the best minds in the country, and provides an academic experience that extends beyond the limits of basic test preparation.
The field of actuarial science has historically trained via apprenticeship, but now actuaries and the companies that employ them are increasingly looking toward the academic community to train and prepare professionals. Universities are now playing a central role in advancing the theories and principles applied in the industry.
Based in the New York metropolitan area, where roughly a quarter of all actuarial positions nationwide are located, Columbia is uniquely situated to create a dynamic community of faculty, professional practitioners, and students in actuarial science. The M.S. program gives students the opportunity to take classes with faculty who are at the forefront of research in mathematical finance, econometrics and statistical methods.
“There is no stopping an Actuary, because they have the skill sets to tear through the data. Numbers are so important, and becoming more so. If you have the skill-set, you are going to be golden for the rest of your life.”Peter D. Galasinao, master’s candidate
Senior Vice President Mergers & Acquisitions
Willis North America
Who Should Apply
The M.S program is appropriate for students with strong academic records in mathematics, statistics, and/or economics.It is also appropriate for those who are working as entry-level actuaries who wish to prepare for the examinations within the context of a structured academic program. In addition, it is helpful for professionals who are career changers and are looking to gain an edge into transitioning to become actuaries.