Actuarial Accelerated Master's Degree Program

Students will typically apply for the program in the second semester of their junior year. Applications are due March 15. Following submission, the Masthematics MS Admissions Committee will review the application.

Required documents include:

• LSA Application Form
• At least one letter of support from a course instructor
• An academic statement of purpose, explaining the reason for interest in the Acturaial Mathematics Master's Program
• A plan for the course of study to complete their undergraduate and Master's degrees
• A current undergraduate transcript

Note: The GRE is not required.

We require students to complete the following courses by the end of their senior year:

• Math 424: Compound Interest and Life Insurance 
  • (This course will not count towards the Master’s degree, but it is an acceptable elective for the UG Math degree. We require Math 424 because it is an enforced prerequisite for Math 520, which is taught only in the fall.)
• Stats 426: Introduction to Theoretical Statistics 
  • (This course can count towards either the UG or the Master’s degree, but not both.)

Course requirements include at least 8 courses for a total of 24 credit hours for the Master’s degree.

Students must take both of the following two-semester sequences:

• Math 520-521(Life Contingencies I-II)
• Math 523-524 (Loss Models I-II)

Further, students must take at least two advanced Mathematics or Statistics courses, such as

• Math 525-526 (Probability Theory, and Discrete-State Stochastic Processes)
• Math 573-574 (Financial Mathematics I-II)
• Stats 500-531 (Regression Analysis, and Modeling and Analysis of Time Series Data)

Finally, students must two courses at the graduate level, such as

• Math 423, 472, 474, 506, 525, 526, 528, 561, 562, 573, 574, 623
• Data Sci 415
• Stats 413, 426, 500, 503, 509, 531

Students must maintain a GPA of 3.0 ("B") or better and maintain satisfactory progress towards their degrees in order to remain in the program.

The Master’s students will take online PEERRS-RCRS training. 

• Students may double count and/or transfer to the master's up to 12 credits of required graduate-level coursework taken as an undergraduate
• Credits earned for courses required for the undergraduate degree may not be double-counted
• Credits for graduate courses from other institutions that have been transferred into the undergradurate registration may not be double-counted
• No courses may be triple-counted with any other degree and no transger credits from a third institution are allowed
• Students admitted to the AMDP are not eligible to apply to a dual master's degree program

1. In the Winter term of the student's Junior (third) year, they should meet with a math faculty advisor to determine if the Actuarial AMDP is a good fit
   • If yes, they should submit the AMDP application by March 15
   • Notification of acceptance will occur by May 1
2. In their Senior (fourth) year, the student will
   • Meet with an Actuarial Mathematics MS advisor to discuss course options
   • Enroll as an advanced undergraduate and begin MS program courses while continuing undergraduate major courses, taking at least two graduate-level courses (such as Math 525-526) in that year
   • Submit AMDP Rackham Year application by December 15
   • Complete undergraduate BS degree
3. In the student's fifth year, they will
   • Meet with an Actuarial Mathematics MS advisor to discuss course options
   • Enroll as a Rackham Graduate Student to complete MS program courses
   • Receive their graduate (MS) degree at the beginning of May

The following is a sample program of study for years four and five:

Fall (year 4) : Math 525*, Math 424 (UG only)

Winter (year 4): Math 526*, Stats 426*

Fall (year 5): Required - Math 520, Math 523; Elective - Math 528

Winter (year 5): Required - Math 521, Math 524; Elective - course of student's choosing

Note: The asterisked courses may be used for the Master's if they are not counted towards the UG degree.

We strongly recommend that students get approval from their current primary faculty advisor before applying.

During the program, all AMDP students will be advised by the Actuarial Master’s advisors, and they will be fully incorporated into the student community and have equal access to the facilities and resources of the department. Furthermore, they will be encouraged to become involved in the Student Actuaries club at Michigan.