Become an Expert in Calculating Risk with BU’s Actuarial Science Graduate Programs

The Master of Science in Actuarial Science provides you with the tools and knowledge to excel as an actuary. A solid foundation in calculus and multivariate calculus is recommended for applicants to this program.

The Actuarial Science master’s degree will equip you with:

• Detailed knowledge of the mathematics and modeling techniques that form the core of actuarial calculations. This knowledge includes topics in probability, statistics, life contingencies, loss models, credibility theory, investment theory, and financial mathematics.
• An accurate and deep understanding of these core actuarial topics and the ability to creatively solve increasingly complex business problems.
• Proficiency in distinguishing and describing a wide range of actuarial practice areas in-depth and knowledgeably, and the ability to articulate an understanding of the principles that govern the development of both standard insurance products and new developments risk management models.
• Competency in the computer skills required to analyze data using leading-edge software tools of the trade in insurance, risk management, and related industries.

The MS in Actuarial Science, Concentration in Insurance provides you with a focused pathway to master the intricacies of the insurance industry.

This specialization covers advanced topics in life, health, and property and casualty insurance, emphasizing risk assessment, policy design, and pricing strategies. You’ll explore cutting-edge techniques in loss modeling, reserve estimation, and insurance analytics, while learning about regulatory frameworks, solvency requirements, and emerging trends in Insurtech.

By applying actuarial principles to real-world insurance scenarios through hands-on projects and case studies, you’ll develop expertise in product development, underwriting, and claims management. This concentration equips you with the specialized knowledge and skills needed to excel in various roles within insurance companies, reinsurance firms, and regulatory bodies.

The MS in Actuarial Science, Concentration in Finance offers a specialized focus on financial principles and their application to actuarial practice.

The Finance concentration delves into advanced topics, such as financial derivatives, portfolio management, and risk assessment in financial markets. You’ll gain in-depth knowledge of investment strategies, asset-liability management, and financial modeling techniques specific to insurance and pension fund operations.

By emphasizing the intersection of actuarial science and finance, the curriculum prepares you to tackle complex financial challenges in insurance companies, consulting firms, and other financial institutions. Through a combination of theoretical coursework and practical case studies, you’ll develop the analytical skills necessary to navigate the evolving landscape of financial risk management and actuarial finance.

The Graduate Certificate in Actuarial Foundations provides a set of courses that cultivates your ability to “think like an actuary.” The approach helps develop actuarial problem-solving skills through exposure to topics, including interest theory and probability, that are crucial to the growing field of actuarial work.

By completing the Graduate Certificate in Actuarial Foundations, you’ll be able to work with simple actuarial models in insurance companies, consulting firms, and related industries.

The Actuarial Foundations graduate certificate introduces concepts that are further built upon in the Graduate Certificate in Actuarial Science.

Building upon concepts covered in the Graduate Certificate in Actuarial Foundations, the Graduate Certificate in Actuarial Science at Boston University’s Metropolitan College further cultivates your ability to “think like an actuary” by developing problem-solving skills through exposure to a wide range of actuarial-related topics, notably interest theory and probability.

By completing the Actuarial Science graduate certificate, you will be able to work with complex actuarial models in insurance companies, consulting firms, and related industries.