Actuarial Science
The Master of Science in Actuarial Science is a one year full time program designed for students seeking advanced expertise in risk analysis, financial modeling, and insurance mathematics. The curriculum integrates probability theory, statistical methods, financial economics, and actuarial modeling to provide a comprehensive foundation for analyzing complex financial and insurance risks. Through this program, students develop risk assessment, financial modeling, statistical analysis, and actuarial techniques skills, preparing them to evaluate uncertain events, design insurance products, and provide informed financial and risk management solutions for organizations across various sectors.
This on campus program immerses students in an intensive academic environment where lectures, workshops, and applied projects are combined with hands on exercises using industry standard actuarial software. Students refine portfolio analysis, predictive modeling, insurance mathematics, and regulatory compliance skills through case studies, simulation exercises, and mentorship. Graduates are prepared to work in insurance companies, pension funds, consulting firms, and financial institutions, equipping them to assess risk accurately, develop innovative financial solutions, and contribute to strategic decision making in complex business and insurance environments.
Key information
Key Facts
- Program Title: Actuarial Science
- Degree Type: Master of Science
- Duration: 1 year
- Mode of Study: Full-time, On Campus
- Application Deadline: 01 June 2026
- Location: Columbia University, United States
- Field of Study: Actuarial Science
- Language of Instruction: English
Program Structure
Semester 1 – Foundations in Actuarial Science
• Introduction to Actuarial Science and Risk Theory
• Probability and Statistics for Actuarial Applications
• Financial Mathematics and Economics
• Research Methods in Actuarial Studies
Semester 2 – Advanced Actuarial Modeling and Applications
• Life Contingencies and Pension Modeling
• Risk Management and Insurance Analytics
• Seminar in Actuarial Practice
• Capstone Project in Actuarial Science
Career Opportunities
Graduates of this program are prepared for careers in insurance, risk management, pension planning, consulting, and financial analytics. Career paths include actuary, risk analyst, pension consultant, insurance analyst, and financial modeler. Graduates are equipped to analyze risk, design insurance products, conduct financial modeling, and provide strategic guidance to organizations managing uncertain events. The program also prepares learners for leadership, advisory, and technical roles that require expertise in actuarial science, quantitative risk assessment, and financial strategy, enabling them to contribute meaningfully to data driven decision making and risk management practices across industries.
Why Choose This Program
Students choose this program because it combines quantitative modeling, risk assessment expertise, financial analytics, and applied actuarial practice within a one year intensive structure. The curriculum emphasizes hands on projects, case studies, and applied exercises, allowing learners to develop practical, analytical, and professional skills necessary for solving complex financial and insurance challenges. Graduates gain the knowledge, confidence, and professional competencies required to pursue careers in actuarial science, risk management, insurance, and financial consulting while contributing meaningfully to organizational decision making and strategic planning.
Contact Information
For further information, please contact the admissions office at:
Phone: +1 212 854 1754
Email: admissions@columbia.edu
Address: University of Columbia, Admissions Office, New York, NY, United States
