{"id":2035,"date":"2020-08-07T11:09:09","date_gmt":"2020-08-07T15:09:09","guid":{"rendered":"https:\/\/www.bu.edu\/met\/?page_id=2035"},"modified":"2021-01-27T12:54:10","modified_gmt":"2021-01-27T17:54:10","slug":"actuarial-science","status":"publish","type":"page","link":"https:\/\/www.bu.edu\/met\/courses\/actuarial-science\/","title":{"rendered":"Actuarial Science Graduate Courses"},"content":{"rendered":"<style>\n.page-template-default .sidebar #bu-text-2 {padding-top: 0;}\ndiv#bu-text-2 {background: transparent !important; box-shadow: none !important;}\n.widget:hover {transform: none !important;}\n.widgetHover:hover {transform: scale(1.018); transition: transform 0.2s ease-in-out 0s, -webkit-transform 0.2s ease-in-out 0s;}<\/style>\n<div class=\"container\" style=\"text-align: left;\">\n<p>Explore BU MET actuarial science graduate courses. Click on any course title below to expand the course description.<\/p>\n<h2>Search for a Course<\/h2>\n<form style=\"text-align: center; border-bottom: 2px solid #FAAC67; display: inline-flex; width: 100%; padding: 15px 15px 20px 15px;\" id=\"dataform\" class=\"course_search_form\"><input id=\"search\" class=\"searchbox search_trigger_reg\" name=\"search\" size=\"30\" type=\"text\" style=\"width: 100% !important; margin-right: 0px !important;\" placeholder=\"e.g., actuaries or act* (finds actuaries, actuarial, etc.)\" \/><br \/>\n<input type=\"text\" style=\"display: none;\" \/><\/form>\n<h3>General<\/h3>\n<div class=\"course-feed\"><\/div>\n<h3>Mathematical Finance<\/h3>\n<div class=\"course-feed\"><div class=\"bu_collapsible_container \" id=\"course-METAT722\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 722<\/span> Finance for Actuaries<\/h5>\n<\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET AT 521. How do corporate giants value investments and navigate financial markets? Take your knowledge of financial mathematics to the corporate level. You\u2019ll master the tools of the trade, including net present value, internal rate of return, and capital budgeting. Then, you\u2019ll push further into the mechanics of option pricing theory, breaking down binomial lattice valuation and the renowned Black-Scholes formula. Gain the high-level financial acumen needed to drive corporate strategy. This course has been approved for the \u201cFinance\u201d portion of the SoA\/CAS VEE credit in Finance and Accounting.&nbsp;&nbsp;[ 4 cr. ]<\/p><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT743\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 743<\/span> Regression and Time Series<\/h5>\n<div class=\"fall-flag\">Fall  &#8216;26<\/div><\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET MA 582, CAS MA 582 or consent of instructor. Can yesterday\u2019s data really predict tomorrow\u2019s market? Yes, if you have the right statistical models. You\u2019ll unlock the predictive power of regression and time series analysis. Learn to build multiple regression models, analyze residuals, and tame messy data by addressing heteroscedasticity. Then, shift your focus to the future using time-series smoothing and linear models to forecast trends. Mastering this material helps you prepare for SoA Exam SRM.&nbsp;&nbsp;[ 4 cr. ]<\/p><table class=\"responsive\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>Section<\/th>\n\t\t\t<th>Type<\/th>\n\t\t\t<th>Instructor<\/th>\n\t\t\t<th>Location<\/th>\n\t\t\t<th>Days<\/th>\n\t\t\t<th>Times<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\t<tr>\n\t\t<td>A1<\/td>\n\t\t<td>IND<\/td>\n\t\t<td>Gangopadhyay<\/td>\n\t\t<td>SOC B57<\/td>\n\t\t<td>T<\/td>\n\t\t<td>6:00 pm &ndash; 8:45 pm<\/td>\n\t<\/tr>\t<tr>\n\t\t<td>E2<\/td>\n\t\t<td>IND<\/td>\n\t\t<td>Gangopadhyay<\/td>\n\t\t<td> <\/td>\n\t\t<td>ARR<\/td>\n\t\t<td>12:00 am &ndash; 12:00 am<\/td>\n\t<\/tr><\/tbody><\/table><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT761\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 761<\/span> Mathematics for Investment and Portfolio Theory<\/h5>\n<\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET MA 581 or CAS MA581 and AT 521. How do the world\u2019s best financial managers maximize returns without risking it all? They rely on modern portfolio theory. You\u2019ll dissect the risk and return characteristics of primary financial products and master the mathematical principles behind term structures and yield curves. Explore powerful tools like the Markowitz Portfolio Selection Model and the CAPM. By diving into derivative securities and immunization techniques, you\u2019ll develop the sophisticated expertise required for elite interest rate risk management.&nbsp;&nbsp;[ 4 cr. ]<\/p><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT762\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 762<\/span> Mathematical Finance for Actuarial Science<\/h5>\n<\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET MA 581 and MET AT 521 or consent of instructor. How do financial institutions protect themselves against massive market swings? They use complex derivatives, which you\u2019ll learn about in this course. You\u2019ll uncover the mathematical mechanics of options and analyze their critical role in insurance and risk management. We\u2019ll break down the rational valuation of these products, mastering put-call parity, binomial options, and the famous Black-Scholes pricing model. Equip yourself with the cutting-edge financial mathematics necessary to manage uncertainty in modern markets.&nbsp;&nbsp;[ 4 cr. ]<\/p><\/div>\n<\/div>\n<\/div>\n<h3>Probability and Statistics<\/h3>\n<div class=\"course-feed\"><\/div>\n<h3>Actuarial Internships<\/h3>\n<div class=\"course-feed\"><div class=\"bu_collapsible_container \" id=\"course-METAT981\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 981<\/span> Internship in Actuarial Science 1<\/h5>\n<div class=\"fall-flag\">Fall  &#8216;26<\/div><\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET AT 521, MET AT 531, cumulative GPA of 3.3 or higher, and consent of instructor. The course is offered to students who seek practical applications of actuarial principles in insurance companies, financial institutions, pension consulting firms, and other related fields. Participation in an internship program within the industry is required.&nbsp;&nbsp;[ Var cr. ]<\/p><table class=\"responsive\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>Section<\/th>\n\t\t\t<th>Type<\/th>\n\t\t\t<th>Instructor<\/th>\n\t\t\t<th>Location<\/th>\n\t\t\t<th>Days<\/th>\n\t\t\t<th>Times<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\t<tr>\n\t\t<td>A1<\/td>\n\t\t<td>DRS<\/td>\n\t\t<td>Tepfer<\/td>\n\t\t<td> <\/td>\n\t\t<td>ARR<\/td>\n\t\t<td>12:00 am &ndash; 12:00 am<\/td>\n\t<\/tr><\/tbody><\/table><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT982\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 982<\/span> Internship in Actuarial Science 2<\/h5>\n<div class=\"sprg-flag\">Sprg  &#8216;27<\/div><\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisites: MET AT 521, MET AT 531, cumulative GPA of 3.3 or higher, and consent of instructor. The course is offered to students who seek practical applications of actuarial principles in insurance companies, financial institutions, pension consulting firms, and other related fields. Participation in an internship program within the industry is required.&nbsp;&nbsp;[ Var cr. ]<\/p><\/div>\n<\/div>\n<\/div>\n<h3>Seminars and Directed Studies<\/h3>\n<div class=\"course-feed\"><div class=\"bu_collapsible_container \" id=\"course-METAT990\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 990<\/span> Seminar in Actuarial Science<\/h5>\n<\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Seminars are offered for special topics related to actuarial science, life insurance, casualty insurance, insurance medicine, mortality and mobility, health outcomes, economics, policy, pension, social insurance, mathematical finance, statistics, and other related fields. Variable credits.&nbsp;&nbsp;[ 4 cr. ]<\/p><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT991\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 991<\/span> Directed Studies 1<\/h5>\n<div class=\"fall-flag\">Fall  &#8216;26<\/div><\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisite: consent of instructor. What if you could design your own course to solve a problem you\u2019re truly passionate about? Directed Studies give you the freedom to build a custom academic journey. Working under the direct mentorship of a faculty advisor, you\u2019ll conduct deep, specialized research on a topic of your choosing. Whether you want to explore an obscure actuarial theory or solve a novel industry challenge, this is your chance to break new ground. Apply through the department and start innovating.&nbsp;&nbsp;[ Var cr. ]<\/p><table class=\"responsive\">\n\t<thead>\n\t\t<tr>\n\t\t\t<th>Section<\/th>\n\t\t\t<th>Type<\/th>\n\t\t\t<th>Instructor<\/th>\n\t\t\t<th>Location<\/th>\n\t\t\t<th>Days<\/th>\n\t\t\t<th>Times<\/th>\n\t\t<\/tr>\n\t<\/thead>\n\t<tbody>\t<tr>\n\t\t<td>A1<\/td>\n\t\t<td>DRS<\/td>\n\t\t<td>Tepfer<\/td>\n\t\t<td> <\/td>\n\t\t<td>ARR<\/td>\n\t\t<td>12:00 am &ndash; 12:00 am<\/td>\n\t<\/tr><\/tbody><\/table><\/div>\n<\/div>\n<div class=\"bu_collapsible_container \" id=\"course-METAT992\" aria-live=\"polite\" data-customize-animation=\"false\"><div class=\"bu_collapsible\" aria-expanded=\"false\"tabindex=\"0\" role=\"button\"><h5><span class=\"cf-course-id\">MET AT 992<\/span> Directed Studies 2<\/h5>\n<div class=\"sprg-flag\">Sprg  &#8216;27<\/div><\/div><div class=\"bu_collapsible_section\" style=\"display: none;\"><p>Prerequisite: consent of instructor. What if you could design your own course to solve a problem you\u2019re truly passionate about? Directed Studies give you the freedom to build a custom academic journey. Working under the direct mentorship of a faculty advisor, you\u2019ll conduct deep, specialized research on a topic of your choosing. Whether you want to explore an obscure actuarial theory or solve a novel industry challenge, this is your chance to break new ground. Apply through the department and start innovating.&nbsp;&nbsp;[ Var cr. ]<\/p><\/div>\n<\/div>\n<\/div>\n<h3>Preparation Courses for SOA\/CAS Professional Actuarial Examinations<\/h3>\n<p>Although the Department of Actuarial Science is not currently offering any Preparation Courses for the SOA\/CAS Professional Actuarial Exams, our regular academic courses cover all of the material included in the first four actuarial examinations. Please contact the department (<a href=\"mailto:actuary@bu.edu\">actuary@bu.edu<\/a>) for specific course numbers.<\/p>\n<p>In addition, we offer courses that have been approved by the SOA\/CAS to grant Validation by Educational Experience (VEE) credit in Regression and Time Series (MET AT 743) and in Finance for Actuaries (MET AT 722).<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Explore BU MET actuarial science graduate courses. Click on any course title below to expand the course description. Search for a Course General Mathematical Finance Probability and Statistics Actuarial Internships Seminars and Directed Studies Preparation Courses for SOA\/CAS Professional Actuarial Examinations Although the Department of Actuarial Science is not currently offering any Preparation Courses for [&hellip;]<\/p>\n","protected":false},"author":16254,"featured_media":3817,"parent":112,"menu_order":1,"comment_status":"closed","ping_status":"closed","template":"","meta":[],"_links":{"self":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/pages\/2035"}],"collection":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/users\/16254"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/comments?post=2035"}],"version-history":[{"count":50,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/pages\/2035\/revisions"}],"predecessor-version":[{"id":71480,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/pages\/2035\/revisions\/71480"}],"up":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/pages\/112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/media\/3817"}],"wp:attachment":[{"href":"https:\/\/www.bu.edu\/met\/wp-json\/wp\/v2\/media?parent=2035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}