Actuarial Sciences Program
An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use probability, mathematics, statistics, finance, economics, financial economics and computer programming to study uncertain future events, especially those of concern to insurance and pension programs. They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse events that actually do occur. For being an actuary, it is needed to pass actuarial exams. Actuarial exams are a series of professional level examinations which must be passed in order to be admitted into a actuarial society and for passing these examinations a well knowledge in this area is required.
The insurance industry cannot function without actuaries. Actuaries calculate their costs and determine the premiums for policyholders. Private corporations also needs actuaries that they should rely on risk evaluations toframe their strategic management decisions. Moreover; actuaries could be employed as consultants to help companies design pension and benefit plans, evaluate assets and liabilities, and reduce the risk factors companies exposed to. In addition, actuaries can alsa work for government by helping manage its programs and overseeing public companies to ensure compliance for regulatory laws. Also actuaries could work for; universities, banks and investment firms, public accounting firms, labor unions and rating bureaus.
Actuarial Science is a newly emerging field of science with full of potential for career growth and plenty of promises for high profile career opportunities. Actuarial Science is already considered as one of the top five potential job fields according to categories such as; work environment, employment outlook, job security, growth oppotunity, and salary in USA. In Turkey, there is a high demand to produce knowledge for actuarial analysis and to have well-educated actuaries to deal with modelling real life data problem of actuarial sciences.
- To educate our graduates so that they can make significant contributions to the financial security of individuals through the ability to identify, quantify, assess and manage risk uncertainty,
- To provide students with the knowledge and skills necessary for comprehending and applying actuarial techniques,
- To produce theoretically sound and practical research, which contributes to the advancement of actuarial science and practice,
- To conduct research in practical applications of actuarial, insurance, risk management and risk analysis.
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Phone numbers like "XXXX" must be dialed as "+90-312-210-XXXX" outside of METU campus!
Related (Affiliated) Faculty Members
|1||Başbuğ Erkan||Berna Burçak||STAT139||2961||bberna [@] metu.edu.tr||view|
|2||Batmaz||İnci||STAT135||5325||ibatmaz [@] metu.edu.tr||view|
|3||İlk||Özlem||STAT134||5326||oilk [@] metu.edu.tr||view|
|4||Kestel||Sevtap||S221||5614||skestel [@] metu.edu.tr||view|
|5||Sezer||Ali Devin||S204||5665||devin [@] metu.edu.tr||view|
|6||Tank||Fatih||+90 312 212 67 20 / 1506||Fatih.Tank [@] ankara.edu.tr||view|
|7||Weber||Gerhard-Wilhelm||S225||5652||gweber [@] metu.edu.tr||view|
|8||Yozgatlıgil||Ceylan||STAT136||2963||ceylan [@] metu.edu.tr||view|