ACTUARIAL PROGRAM
The School of Mathematics achieved strong placement counts for 1998
(21) and 1999 (14-16). At this point in time we have 11 known placements
for 2000. These include graduate students Wen-Hong Wang (Allianz Life,
Minneapolis) and Glenn Almelor (Buck Consultants, Seacaucus, NJ). The
current enrollment in Actuarial Mathematics is a strong 25, up from recent
years.
Following a specially convened meeting of our Advisory Committee on October
5, we have formalized new program requirements in response to substantial
changes in the curriculum of the Society of Actuaries. The most significant
change for our students will be an increased exposure to Economics, where
we have added Intermediate Micro (3101) and Financial Economics (4751)
to the Introductory Macro and Micro (110X-110Y) which have always been
required. The new courses can be used as the so-called "Technical
Elective" which is one of the requirements for the Math major in
IT. Actuarial students will be encouraged to take Math 5652 (Introduction
to Stochastic Processes) in preference to Stat 5102 (standard topics such
as hypothesis testing and estimation of parameters). Our actuarial consultants
reviewed all our courses and concluded that 5711 (Optimization) should
be recommended in fulfillment of our algebra requirement, and that 5075-76
(Options, Futures, and Derivatives) would be a valuable elective.
Steve Agard, Program Coordinator
Actuarial
Program web site
www@math.umn.edu
URL http://www.math.umn.edu/index.shtml
The University of Minnesota
is an equal opportunity educator and employer.
2000, The Regents of the University of Minnesota
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