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The world is filled with uncertainty and risk—and successful businesses need to quantify these risks. With their mathematical ability, analytic tools, and computer programming skills, actuaries are uniquely qualified to develop solutions to increasingly complex problems and to help quantify and manage risk for businesses in a variety of industries.
By using data and models, actuaries have the expertise to determine the probability of certain future events and develop ways to mitigate the impact of adverse financial circumstances on businesses, governmental agencies, and other organizations.
With a master’s degree in Actuarial Science from BU MET, you’ll be well-positioned to work in a variety of traditional and non-traditional actuarial roles.
BU is the only university in northern New England that offers a master’s degree in Actuarial Science
BU’s Master’s in Actuarial Science is top level. Here are a few reasons why:
BU MET – For those who want to lead
Earning a master’s degree in Actuarial Science has propelled our graduates to positions far and wide.
Recent Graduates have established their careers at:
- Towers Watson
- Blue Cross Blue Shield
- John Hancock
- Liberty Mutual
- Massachusetts Department of Insurance
Potential careers:
- Actuary
- Budget Analyst
- Economist
- Financial Analyst
- Insurance Underwriter
- Mathematician
- Statistician
- Accountant
- Auditor
Outlook:
Employment of actuaries is projected to grow 23% from 2022-2032, much faster than the average for all occupations.
Source: Bureau of Labor Statistics
$113,990
Median annual wage for actuaries, May 2022
Source: Bureau of Labor Statistics
More actuaries will be needed to help companies manage their own risk and adjust their business or investment strategies across all areas of operation.
Source: Bureau of Labor Statistics
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Boston University is accredited by the New England Commission of Higher Education (formerly the Commission on Institutions of Higher Education of the New England Association of Schools and Colleges, Inc.).