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The Professional Masters in Applied Mathematics (Actuarial Science) Program is designed primarily to equip the students, in theory and practice, with the essentials of the actuarial profession. The program also aims to prepare students in professional actuarial examinations.

 

General requirements for the master's degree set forth by the College of Science are applied. In order to be accepted in the program, students must have a bachelor's degree and must have taken at least three (3) of the following courses or their equivalent:

  1. Math 114 (Matrices and Applications)
  2. Math 150.1 (Mathematical Statistics I)
  3. Math 162 (Theory of Interest)
  4. Math 164 (Mathematics of Life Contingencies)
  5. Math 171 (Numerical Analysis)

 

Every candidate for the Professional Masters in Applied Mathematics requires the completion of the following core courses:

  1. Math 203 (Matrices and Applications)
  2. Math 271.1 (Numerical Analysis I)

 

Aside from Math 203 and Math 271.1, Professional Masters in Applied Mathematics (PMAM) students concentrating in Actuarial Science must also complete the following courses:

  1. Math 260 (Actuarial Theory and Practice)
  2. Math 261 (Survival and Loss Models)
  3. Math 262.1 (Actuarial Science I)
  4. Math 262.2 (Actuarial Science II)
  5. twelve (12) units of electives (to be determined in consultation with the Program Adviser)
  6. Math 295 (Special Project)
  7. Math 296 (Graduate Seminar)

 

Preliminary (comprehensive) examinations: Students who have taken all the courses (except Math 295 and Math 296) may take the preliminary examinations, which covers the following:

 

 First Exam: Math 260 and Math 261
 Second Exam: Math 262.1 and Math 262.2
 Third Exam: One (1) area related to Actuarial Science that the student had taken during his/her coursework:
    

Qualifying (oral) examination: Students who passed the Preliminary examinations may take the qualifying examination. The student required to give a seminar on a topic approved by the program adviser and covering a recent development in the discipline and is examined on his/her (a) grasp of this topic as well as related topics and (b) mastery of the basic principles and methods of the discipline.

For more details, contact the Institute of Mathematics, UP Diliman.