NOTE: Due to an error in the 2009-2010 edition of the Undergraduate Catalog, the most current requirements for the MAS degree are to be found in the catalog addendums >>HERE

These courses are in addition to the 30 hours required for the MAS degree or in addition to the 48 hours required for the dual degree program. They are assigned as part of the admissions process based on a review of each student's transcripts. They can be exempted if equivalent work has been previously completed with grades of C or higher.

Accounting: financial and managerial accounting principles (MBA 7010, or Acct 2101 & Acct 2102)

Finance: corporate finance principles (MBA 8130 and MBA 8230). This requirement can be waived if Fi 3300, Fi 4300 and Fi 4320, or equivalent course work, have been completed with grades of "C" or higher.

Behavioral Science: Management principles (MGS 3400). Students may satisfy this requirement with either management (MGS 3400), sociology (Soci 1101), or psychology (Psyc 1101) principles.

Economics: Macroeconomic principles (Econ 2105) and microeconomic principles (Econ 2106).

Mathematics: Students must have completed three semesters of advanced calculus (Math 2211, Math 2212, and Math 2215) and must have Compound Interest Theory (AS 4230).

Statistics: Students must have MGS 9920 or completed two semesters of undergraduate mathematical statistics (AS 4120, AS 4130, or Math 4751, Math 4752).

A. Required Courses: (24 hours)

FI 8000. Valuation of Financial Assets (3)

AS 8340. Life Contingencies (3)*

AS 8350. Insurance Mathematics (3)*

Econ 8740. Applied Statistics & Econometrics (3)**

AS 8810. Actuarial Science Graduate Seminar (3)

MRM 8320. Stochastic Risk Management Models (3)
MRM 8600. Theory of Risk Sharing (3)
MRM 8610. Financial Engineering (3)

*Students who have completed AS 4340 and/or AS 4350 or their equivalents must substitute appropriate 8000-level actuarial science courses for AS 8340 and/or AS 8350. The substitutions must be selected from section B & C below in consultation with the actuarial science faculty adviser.

** Students can use Econ 8750 Econometrics as a substitute for Econ 8740.

Students must complete a minimum of 6 hours of course work from sections B & C combined.

B. Elective Courses in the Major (or MRM): (3-9 hours)

AS 8430. Loss Distributions and Credibility Theory. (3)

AS 8440. Advanced Survival Models. (3)

 

AS 8520. Principles of Property/Casualty Ratemaking. (3)

MGS 8150. Business Modeling. (3)

MRM 8620. Quantitative Financial Risk Models.(3)

MRM 8630. Stochastic Interest Rate and Credit Models (3)

RMI 8050. Risk Management Modeling (3)

C. Electives Outside the Major: (3-6 hours)

At least one course must be selected from the 8000-level offerings in Risk Management and Insurance (RMI). Nonmajor electives must be individually approved by an actuarial science faculty adviser. In the selection of these electives, students will be strongly encouraged to choose courses that will serve to enhance their skills in writing and other forms of communication.

A. Required Technical Support Courses: (0-3 hours)

Fi 8000. Valuation of Financial Assets. (3)*

*Students who have completed an equivalent course with a grade of “C” or higher must substitute an appropriate elective in consultation with the Mathematical Risk Management faculty adviser.

B. Required Courses in the Dual Degree Program (27-33 hours)

AS 8340. Life Contingencies. (3)**

AS 8350. Insurance Mathematics. (3)**

 

AS 8810. Actuarial Science Graduate Seminar. (3)

MRM 8320. Stochastic Risk Management Models. (3)

MRM 8600. Theory of Risk Sharing. (3)

MRM 8610. Financial Engineering. (3)

MRM 8620. Quantitative Financial Risk Models. (3)

MRM 8630. Stochastic Interest Rate and Credit Models. (3)

RMI 8370. Financial Risk Management. (3)

Econ 8750. Econometrics. (3)
Econ 8780. Financial Econometrics. (3)

** Students who have completed AS 4340 and/or AS 4350 or their equivalents must substitute appropriate 8000-level actuarial science courses for AS 8340 and/or AS 8350. The substitutions must be selected from section C below in consultation with the actuarial science faculty adviser.

C. Elective Courses in the Dual Degree Program (12-21 hours)

Students should consult with the faculty advisers for the Master of Actuarial Science and Mathematical Risk Management programs prior to beginning their elective coursework and may select from among the following courses:

AS 8430. Loss Distributions and Credibility Theory. (3)

AS 8440. Advanced Survival Models. (3)

 

AS 8520. Non-life Insurance Mathematics. (3)

Econ 8860. Economics of Global Finance. (3)

Fi 8220. Derivative Markets II. (3)

Fi 8240. Global Portfolio Management. (3)

Fi 8300. Advanced Corporate Finance. (3)

Fi 8400. Financial Management of Depository Institutions. (3)

Fi 9000. Mathematical Methods in Contemporary Financial Theory. (3)

Fi 9100. The Theory of Asset Valuation. (3)

MGS 8150. Business Modeling (3)

RMI 8150. Corporate Risk Management. (3)

RMI 8200. Life Insurance. (3)

RMI 8220. Employee Benefit Planning. (3)

RMI 8320. Management of Insurance Institutions. (3)

Students may select, with the prior approval of both faculty advisers for the dual degree program, electives other than those shown above if they can demonstrate the course(s) will better meet their educational objectives.