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The Actuarial Science Program
The University of Connecticut Actuarial Program in the Department of
Mathematics began in 1976 with the creation of two new courses - Theory of
Interest and Life Contingencies. The department also began offering the
professional actuarial exams at that time. From the very first, the program
grew rapidly. In the spring of 1979, the first majors in Mathematics/Actuarial
Science were graduated. In 1984 we added a Concentration in Actuarial
Science at the Master's level. As of 2006, we have awarded 6 Doctoral
degrees in Mathematics with a thesis topic in Actuarial Science. We have also
added a Professional Master's in Applied Financial Mathematics that serves a
dozen students a year. A Center for Actuarial Studies promotes student
participation in research projects on real-world problems.
Today, the program has approximately
175 undergraduates, 40 master's students and 6 Ph.d. students.
We estimate that, since it's inception, our program has
contributed over 500 baccalaureate and 350 master's graduates to the work
force.
The primary goal of our program is to provide students with a sound
foundation in actuarial science and to prepare them for the examinations
administered by the Society of Actuaries and the Casualty Actuarial Society,
with the objective that each student passes at least two exams before
graduating.
There is a strong demand for our graduates in the large financial services
industry in Connecticut and the surrounding northeast. The quality of our
students is recognized by grants from our corporate
sponsors. The funds from these grants is used primarily to award undergraduate
scholarships and enhances the program in many ways.
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