Mathematical Statistics and Actuarial Mathematics

    Statisticians and actuarial mathematicians work on mathematical problems which arise in industry and science and involve random elements, modeling, parameter estimation, simulation, or optimization in a controlled setting. Computers are an essential tool. An emphasis in Mathematical Statistics/Actuarial Mathematics often leads to a number of employment options, in particular in insurance related businesses. Majors can select courses to establish a solid foundation for a career in actuarial sciences or applied mathematics. These options may require further training. Taking the first actuarial exam is strongly advised for students interested in the actuarial profession.

    Essential upper-division courses for a major with a Mathematical Statistics/Actuarial Mathematics emphasis are:

  • Probability Theory (Math 330)
  • Mathematical Statistics (Math 332)

    The following classes are also strongly recommended:

  • Numerical Analysis (Math 370)
  • Operations Research (Math 372)
  • Mathematical Modeling (Math 496)
  • Topics in Probability (Math 430)

    Also note that Statistical Data Analysis (Math 150) is one of the two options for a lower division class satisfying the breadth requirement for math majors, and it offers a relevant computer programming component. Majors with this emphasis should gain as much experience with computing as possible.

    Students interested in Mathematical Statistics/Actuarial Mathematics are encouraged to take courses in a field using statistics. These fields include Economics, Psychology, Sociology, and Biology. The Econometrics and Advanced Econometrics courses are especially suitable.

    Independent Study Course Students with particular interests which are not addressed by the regular course offerings are encouraged to contact the math faculty.

    If you have any questions, please feel free to contact any member of the math department or use the current students inquiry form.

    IMPORTANT UPDATE INFO on the actuarial exams:
    Actuarial Exams Changing---What Now? - written by Jim Daniel, downloaded from MAA Online.