Because actuarial science focuses on risk analysis and insurance, American graduate actuarial major is not called in many universities. Actuarial? , also known as Risk Management andInsurance, risk analysis, risk and insurance, and so on. Most American schools focus on one aspect of actuarial science. For example, the University of Wisconsin-Madison focuses on the application of actuarial science in the financial field, especially derivatives, while other schools focus more on the application of actuarial science in the medical insurance field.
American graduate actuarial professional application conditions:
Postgraduates majoring in actuarial science need GRE or GMAT scores, and have a strong foundation in mathematics. It is best to take relevant mathematics courses, such as business mathematics, calculus and probability distribution. In addition, some schools also require working experience in insurance, finance, investment and other related industries, or have participated in mathematical modeling competitions and won prizes. If the applicant has experience in stock index futures simulation contest, the background of AIA actuarial center or Fudan AIA actuarial center will also be helpful for the application.
TOP5 American University Graduate Actuarial Major:
The top five universities in risk management and insurance in the United States are University of Pennsylvania, Georgia State University (the largest actuarial major in the world), University of Georgia, University of Wisconsin-Madison and UIUC. There is no graduate ranking in this major because there are fewer universities offering graduate students. All the above universities offer doctoral programs, while other universities only offer doctoral programs, such as the University of Texas at Austin and Temple University.
The employment prospect of American graduate students majoring in actuarial science;
The traditional way out is to go to the actuarial department of insurance companies, or reinsurance companies or non-life insurance companies. In addition, commercial banks, human resources consulting investment banks and other research departments are also popular choices.
American actuary:
The evaluation standard of actuary rank and their salary are not different according to the degree, but according to: work experience, whether the number of people who have taken and passed the examination of the American Association of Actuaries is a member of the Association of Actuaries and a Fellow member. Members and senior members do not depend on their degrees. Members and senior members must pass 7 exams organized by Actuaries Association and 10 exam respectively. An actuary with a bachelor's degree, plus the national actuarial examination mentioned above, plus the number of years of work, constitutes a quasi-linear growth chart of this professional salary. Generally, the annual salary of senior members with 10 years of work experience can be above150,000 USD, and it is common for senior members with 20 years of work experience to earn more than 500,000 USD. According to statistics, about 10% of actuaries with 15 to 20 years' experience become company executives, and CFO's income exceeds 100000 USD.
Through the interpretation of the application conditions and employment direction of American graduate actuarial major, I believe that many students who intend to apply for American graduate actuarial major can refer to the above information and make preparations and plans for applying for American graduate students in advance.