Degree Name:

Master of Actuarial Science

Degree Abbreviation:

MAS

Duration Range:

1-2 years

Tuition Range (US, UK, AUS, NZ):

$10,000-$50,000 per year

Overview:

A Master of Actuarial Science degree is a graduate-level program that focuses on the application of mathematical and statistical methods to assess and manage financial risk. This degree is designed for students who have a strong background in mathematics and are interested in pursuing a career in the insurance, finance, or consulting industries.

Curriculum Overview by Year:

• First Year: Probability Theory, Mathematical Statistics, Financial Mathematics, Risk Theory and Actuarial Modeling
• Second Year: Advanced Actuarial Modeling, Stochastic Processes, Time Series Analysis and Elective Courses

Key Components:

• Advanced mathematical and statistical coursework
• Hands-on experience with actuarial modeling software
• Preparation for professional actuarial exams
• Opportunities for internships and networking with industry professionals

Career Prospects:

Graduates of a Master of Actuarial Science program are well-prepared for careers in the insurance, finance, or consulting industries. Some common job titles include actuary, risk analyst, financial analyst and consultant.

Salary Expectations:

The salary for graduates of a Master of Actuarial Science program can vary depending on the industry, location and level of experience. According to the Bureau of Labor Statistics, the median annual wage for actuaries was $108,350 in May 2020.

For a more accurate understanding of salary expectations, you can utilize the Job Sites Search Engine, from our sister site jobRank, which searches over 4,600 job sites worldwide. Make sure to specify not only the job title but also the country you are interested in.

Conclusions:

It is important to note that the duration, tuition fees, curriculum, key components, career prospects and salary expectations of a Master of Actuarial Science degree can vary depending on the country and university where the degree is pursued. Visitors can search for where this specific degree is offered anywhere in the world through the uniRank World Universities Search Engine.

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• Master of Actuarial Science (MAS) University of London tuition fees
• Master of Actuarial Science (MAS) University of Sydney scholarships

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