Build more than quantitative skills and become a successful actuary in an increasingly complex business world.

We are currently accepting Actuarial Science applications for fall on a space-available basis:
through July 15 for the online format.
through June 15 for the on-campus format.

Columbia University’s Master’s Program in Actuarial Science grounds you in the latest theory and methods, prepares you for all actuarial exams, and equips you to meet industry needs and excel in the workplace.

Go Beyond Test Preparation

The program’s core faculty are credentialed actuaries among the most respected analytical minds in the country. The curriculum spans probability and statistics, business and economics, and actuarial models and methods, with more than 40 comprehensive electives allowing focus on subjects such as property/casualty, pensions, life insurance, health insurance, statistics, business, math, and finance. Coursework includes real-world challenges that you solve, document, and present in class to sharpen your professional communication skills. Extensive professional and career development features include a Proseminar, internship credit, mentoring and executive career coaching, career fairs and networking events, résumé review and critique, and Optional Practical Training (OPT).

New for Fall 2015:
Additional Courses in Enterprise Risk Management

For the 2015–2016 academic year, the Actuarial Science program is developing new courses in Enterprise Risk Management (ERM), a discipline highly desired by employers worldwide across industry sectors. These new courses address a range of topics essential to ERM. Many also have wider applications in actuarial science, such as managing insurance and financial risks, building effective risk models, understanding common risk management practices in the insurance and banking sectors, knowledge of risk management requirements of rating agencies, and awareness of the risk drivers that cause company failures.

Complete the Program On Campus or Online

The program, which may be taken on a part-time or a full-time basis, is offered on Columbia’s campus in New York City or online. Online, you will connect with instructors and fellow students through a highly social learning system that incorporates weekly live discussion groups, prerecorded lectures, collaborative and independent coursework, and forums. Whether on campus or online, you have the same full access to industry leaders, rigorous coursework, instruction by renowned faculty, career and professional development, and exam preparation. If you’re completing the program on campus, you may take courses online, depending on your interest and schedule. (If you’re an international student on an F-1 visa completing the program on campus, you may enroll in one online class each semester.)

Who Should Apply

Most of our students are:

  1. Recent graduates, often with a strong background in a quantitative field, such as math (including teachers and tutors), statistics, actuarial science, physics, economics, computer science, accounting, or banking/finance. A small number of students have a nonscientific background, such as history, literature, or philosophy.

  2. Entry-level actuaries who want to prepare for their exams within the context of a structured master’s degree program and are interested in pursuing careers in financial markets or insurance.

  3. Current actuaries who wish to advance in their actuarial career and assume more senior responsibilities.

  4. Career-changers looking to gain an edge as they transition into the actuarial field.

Applicants must have quantitative skills with knowledge of elementary economics, linear algebra, and multivariate calculus.

Upon successful completion, graduates will be prepared 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) and earn Validation by Educational Experience (VEE) credit in economics, corporate finance, and applied statistical methods. The program also prepares students taking UK actuarial exams through the mutual recognition between the U.S. and the UK actuarial organizations.

Additional program option in Actuarial Science

Online Certification of Professional Achievement in Actuarial Science

In as few as two semesters, build and expand your knowledge of actuarial science and provide a foundation to successfully enter the field.

Learn More >

 

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