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 (IAM521 Financial Management)
- Elective Course 2 (IAM541 Probability Theory)
- Elective Course 3
|
- IAM546 Actuarial Risk Theory
- IAM583 Pension Fund Mathematics
- Elective Course 4 (IAM 522 Stochastic Calculus for Finance / IAM548 Stochastic Processes for Insurance and Finance)
- Elective Course 5
- IAM698 Research Methods and Ethics
|
| Semester III |
|
- IAM500 Term Project
- Elective Course 6
- Elective Course 7
- IAM590 Graduate Seminar (0-Credit)
|
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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 |
- 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
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