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MSc without Thesis Actuarial Sciences

In addition to at least 30 credit units of course work, seminar, and research methods and ethic units, students must prepare and successfully defend a term project. Expected duration to complete the MSc without Thesis Program is 3 semesters. Recommended curriculum and recommended elective courses is as follows:

Semester I Semester II
  • IAM582 Life Insurance Mathematics
  • Elective Course 1
  • Elective Course 2
  • Elective Course 3
  • IAM546 Actuarial Risk Theory
  • IAM583 Pension Fund Mathematics
  • Elective Course 4
  • Elective Course 5
  • IAM698 Research Methods and Ethics
Semester III  
  • IAM500 Term Project
  • Elective Course 6
  • Elective Course 7
  • IAM590 Graduate Seminar (0-Credit)
 

For students who are accepted with scientific preparation program, two semesters of scientific preparation is must before the main curriculum. The courses you must take are as follows:

Scientific Preparation I Scientific Preparation II
  • IAM530 Elements of Statistics and Probability / IAM591 Programming Techniques in Applied Mathematics I *
  • The other courses this semester must be taken as NI.
  • IAM592 Programming Techniques in Applied Mathematics II
  • The other courses this semester must be taken as NI.
  • * The student takes only one of these courses. If the student requires mathematical statistics background, IAM 530, otherwise IAM 591 must be taken.
  • NI: Not Included (During scientific preparation program, student should take program courses in NI status).
  • To pass scientific preparation programme successfully, the rules and regulations can be found from link.
Current Elective Courses
  • IAM520 Financial Derivatives
  • IAM521 Financial Management
  • IAM524 Financial Economics
  • IAM541 Probability Theory
  • IAM543 Regulation and Supervision of Financial Risks
  • IAM544 Financial Risk Assessment
  • IAM548 Stochastic Processes for Insurance and Finance
  • IAM550 Portfolio Optimization
  • IAM552 Credibility Theory
  • IAM554 Interest Rate Models
  • IAM555 Statistical Decision Theory
  • IAM557 Statistical Learning and Simulation
  • IAM558 Reinsurance Theory
  • IAM584 Advanced Actuarial Mathematics
  • IAM614 Methods of Computational Finance
  • IAM615 Advanced Stochastic Calculus for Finance
  • IAM782 Extreme Values in Insurance and Finance
  • IAM783 Life Insurance: Products, Finance and Modeling
  • IAM784 Pension Systems and Their Financial Management
  • IAM785 Survival Models in Actuarial Science
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