In addition to at least 21 credit units of course work, seminar, and research methods and ethic units, the MSc degree candidate must prepare and successfully defend a MSc thesis. Expected duration to complete the MSc with Thesis Program is 4 semesters; the maximum duration is 6 semesters. However, students should complete course work including non-credit courses in 4 semesters. Advisor appointment has to be made at the beginning of 2nd semester. Recommended curriculum and recommended elective courses in parantheses are as follows:
| Semester I |
Semester II |
- IAM582 Life Insurance Mathematics
- Elective Course 1 (IAM521 Financial Management)
- Elective Course 2 (IAM541 Probability Theory)
|
- IAM500 and IAM800 MSc Thesis (Advisor Appointment)
- IAM546 Actuarial Risk Theory
- IAM583 Pension Fund Mathematics
- Elective Course 3 (IAM522 Stochastic Calculus for Finance / IAM548 Stochastic Processes for Insurance and Finance)
|
| Semester III |
Semester IV |
- IAM500 and IAM800 MSc Thesis
- Elective Course 4
- IAM590 Graduate Seminar (0-Credit)
|
- IAM500 and IAM800 MSc Thesis
- IAM698 Research Methods and Ethics
|
For students who require mathematical statistics background, one semester of scientific preparation is must before the main curriculum. The courses you must take are as follows:
| Scientific Preparation |
- IAM530 Elements of Statistics and Probability
- The other courses this semester must be taken as NI.
|
- 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 |
- IAM521 Financial Management
- IAM524 Financial Economics
- IAM520 Financial Derivatives
- IAM541 Probability Theory
- IAM584 Advanced Actuarial Mathematics
- IAM543 Regulation and Supervision of Financial Risks
- IAM544 Financial Risk Assessment
- IAM552 Credibility Theory
- IAM554 Interest Rate Models
- IAM555 Statistical Decision Theory
- IAM557 Statistical Learning and Simulation
- IAM558 Reinsurance Theory
- IAM550 Portfolio Optimization
- 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
|
