Dual Degree in Actuarial Science/Quantitative Risk Analysis Management, M.A.S./QRAM

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Degree Requirements

This section is applicable to students interested in the dual degree program Master of Actuarial Science and Master of Science in Quantitative Risk Analysis and Management. Students interested in the Master of Actuarial Science should go to Section 2 above. Students interested in the dual degree program Master of Actuarial Science and Master of Science in Analytics should go to Section 4 below.

The content in QRAM 8600/8610 has substantial overlap with the content of AS 8510. Students who take or have taken either QRAM 8600 or QRAM 8610 may not also take AS 8510, either for credit or to satisfy the requirements MAS degree. Similarly, students who take or have taken AS 8510 may not also take either QRAM 8600 or QRAM 8610, either for credit or to satisfy the requirements of the MAS degree.

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

Course Requirements

Required Technical Support Courses

ECON 8740 - Applied Statistics and Econometrics 3 Credit Hours
MSA 8010 - Data Programming for Analytic 3 Credit Hours

Required Courses in the Dual Degree Program

* 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.

AS 8340 - Life Contingencies 3 Credit Hours
AS 8350 - Insurance Mathematics 3 Credit Hours
or
AS 8360 - Insurance Ratemaking 3 Credit Hours
AS 8430 - Loss Distributions and Credibility Theory 3 Credit Hours
ECON 8780 - Financial Econometrics 3 Credit Hours
QRAM 8600 - Theory of Risk Sharing 3 Credit Hours
QRAM 8610 - Financial Engineering 3 Credit Hours
QRAM 8630 - Interest Rate Models 3 Credit Hours
QRAM 8640 - Advanced Credit Risk Models 3 Credit Hours
MSA 8200 - Econometric Predictive Analytics 3 Credit Hours (alternatively, students can take ECON 9720 - Econometrics II )
RMI 8300 - Predictive Risk Modeling 3 Credit Hours

Elective Courses in the Dual Degree Program

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

Any of the 8000 level QRAM or MAS classes not listed as a required course
ECON 8860 - Economics of Global Finance 3 Credit Hours
FI 8020 - Financial Analysis and Loan Structuring 3 Credit Hours
FI 8240 - Global Portfolio Management 3 Credit Hours
FI 8260 - Hedge Funds And Their Trading Strategies 3 Credit Hours
FI 8300 - Advanced Corporate Finance 3 Credit Hours
FI 8310 - Investment Banking 3 Credit Hours
FI 8320 - Corporate Financial Strategy for Innovation 3 Credit Hours
FI 8400 - Financial Management of Depository Institutions 3 Hours
FI 8460 - The FinTech Ecosystem 3 Credit Hours
FI 9100 - The Theory of Asset Valuation 3 Credit Hours (Requires consent of instructor.)
MSA 8040 - Data Management for Analytics 3 Credit Hours
MSA 8050 - Scalable Data Analytics 3 Credit Hours
MSA 8100 - Optimization Methods in Analytics 1.5 Credit Hours
MSA 8150 - Machine Learning for Analytic 3 Credit Hours
MSA 8190 - Statistical Foundations for Analytics 3 Credit Hours
MSA 8250 - Data Visualization 1.5 Hours
MSA 8760 - Risk Analytics 3 Hours
AS 8140 - Probability 3 Credit Hours
MSA 8770 - Text Analytics 3 Credit Hours
MSA 8780 - Marketing Analytics 3 Hours
AS 8230 - Financial Mathematics 3 Credit Hours
AS 8510 - Mathematical Finance for Actuaries 3 Credit Hours