MSc. Mathematics - Actuarial and Financial Mathematics

MSc. Mathematics - Actuarial and Financial Mathematics

The Actuarial and Financial Mathematics concentration of the Master of Science in Mathematics in the College of Basic and Applied Sciences provides students with a deep and comprehensive foundation in advanced mathematics at the Master's level. The concentration in Actuarial and Financial Mathematics (AFM) trains students in a specialized field that combines mathematical models and financial theories to measure uncertainties and help businesses, financial institutions, insurance, and investors make informed decisions. As the technical sophistication of most professions increases, there is a growing need for individuals capable of "speaking the language" of mathematics. Mathematicians increasingly are sought to probe and expand mathematical theory, as engineering and empirical science delve deeper into nature. Individuals also are needed to teach math skills that have expanded into virtually every field. MTSU's Master of Science in Mathematics gets students involved in both the understanding and creation of advanced mathematics through quality instruction, opportunities for research, and close faculty-student interaction.

Career Path

Graduates with a concentration in actuarial and financial mathematics are in high demand in the insurance and financial industries, as they have the skills and knowledge to analyze and solve complex actuarial and financial problems. In addition to traditional roles in banking and finance, actuarial and financial mathematicians are also in demand in the insurance, investment, pension, and risk management industries. They may also work in government and academia, as well as in roles related to data science and machine learning. Overall, the demand for financial mathematicians is expected to remain strong in the future.