Actuarial sciences is offered as a concentration within the
professional science master's program described under Business and Science 137. It introduces students to
the mathematical and statistical foundations of actuarial science and the
financial impact of risk and uncertainty.Students
will learn to provide assessments of
financial security systems, with a focus on their complexity, their
mathematics, and their mechanisms. Students will also learn how to
evaluate the likelihood of events and quantify contingent outcomes to minimize
losses, emotional and financial, associated with undesirable events.
All students in the actuarial sciences
concentration must take one course from each of the areas listed below. Courses are available in either New Brunswick (NB) or Camden.
I. One basic probability course from the following
list:
01:640:478 Probability II (3) (NB)
16:960:580 Basic Probability (3) (NB)
16:960:582 Introduction to Methods and Theory of Probability (3) (NB)
56:645:582 Probability and Actuarial Mathematics (3) (Camden)
II. 16:960:563 Regression Analysis (3) (NB) or 56:645:567 Statistical Models (3) (Camden)
III. 16:960:565 Applied Time Series Analysis (3) (NB) or 56:645:565 Time Series and Forecasting (3) (Camden)
IV. 16:711:631 Financial Mathematics II (3) (NB) or 56:645:569 Actuarial Models (3) (Camden)
V. 16:711:531 Actuarial Mathematics (3) (NB) or 16:960:542 Life Data Analysis (3) (NB)
VI. 16:960:554 Applied Stochastic Processes (3) (NB) or 16:960:654 Stochastic Processes (3) (NB)
Full course descriptions can
be found under the respective graduate program entries in this catalog, the
Graduate School-Camden catalog, or the professional science master's website. A list of electives is also available at that site: http://psm.rutgers.edu.
Concentration Coordinators:
New Brunswick
Professor Daniel Ocone
ocone@math.rutgers.edu
Camden
Professor Haydee Herrera
haydeeh@camden.rutgers.edu
