Introduction to Actuarial Science
You may have heard of actuarial science, or you might even know an actuary, but do you know what an actuary does? During the course you’ll hear from a wide variety of actuaries about their careers.
And don’t be scared that the course will be “just a whole lot of mathematics”. Together, we will go beyond the math to learn how actuaries approach problems relating to risk, using examples from:
Finance
Investments
Banking
Insurance
You will learn how actuarial science applies mathematical and statistical methods to assess risk in these industries and other professions.
You’ll experience “hands-on” learning using Excel (or an equivalent spreadsheet tool) to project and investigate the financial condition of a company choosing appropriate strategies for the company through the use of simulations.
The course has been carefully designed for students from a wide variety of backgrounds, with secondary/high school level being the only assumption of mathematical background. Even if you don’t have any background in, for example, calculus, the course has been designed so you can skip over these sections without affecting your understanding of the rest of the course. You also do not need to have any Excel or other spreadsheet background to take the course.
For those with stronger mathematical backgrounds, extension questions are provided to test you further. You’ll learn a huge amount about actuarial science no matter what your background is!
"Great introduction to this specialized field; every day there are new challenges where as a student you are put in a situation to learn and apply the lessons with practical exercises. Great structure of the course, with main concepts to review at the end of a lesson. I would recommend to anyone who would like to learn more about actuarial science." - Previous student
What you'll learn
- The basics of actuarial science
- Valuing series of cash flows
- Incorporating uncertainty into cash flows due to investment and mortality
- Monte-Carlo simulation of uncertain cash flows in Excel (or an equivalent spreadsheet tool)
- Applying actuarial techniques to life insurance and predicting human life expectancy
- How actuarial science is used in finance, investments, banking and insurance
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Rating | 5.0★ based on 2 ratings |
---|---|
Length | 8 weeks |
Effort | 8 weeks, 2–4 hours per week |
Starts | On Demand (Start anytime) |
Cost | $49 |
From | Australian National University, ANUx via edX |
Instructor | Adam Butt |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Data Science Business Mathematics |
Tags | Data Analysis & Statistics Economics & Finance Math |
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What people are saying
its actually an interesting
Its actually an interesting course for exploring more about actuarial science.
consider it medium difficulty
I would consider it medium difficulty since one can make a mistake editing a model and end up doing a little bit of debugging to get back on track.
get back on track
some tasks using spreadsheets
It was a good overview of the actuary profession, with some tasks using spreadsheets of actuary models.
time worth spending
Time worth spending.
difficulty since one
actuarial science
brief knowledge
It will give you a brief knowledge about the topic and will tempt you to explore more.
can make
end up
for exploring
good overview
Careers
An overview of related careers and their average salaries in the US. Bars indicate income percentile.
Assistant Adjunct Professor - Actuarial Science Masters Program $65k
Actuarial Consulting Analyst $71k
Assistant Actuarial Analyst 1 2 $74k
Actuarial Analyst 4 $76k
Actuarial Analyst 1 2 3 $78k
Actuarial Coordinator $84k
Actuarial QA / Actuarial Software Analyst $90k
Actuarial Analyst Consultant 2 $97k
Assistant Actuarial Coordinator 2 $103k
Actuarial Statistician $103k
Actuarial Candidate $107k
Warren Professor of Actuarial Science $124k
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Rating | 5.0★ based on 2 ratings |
---|---|
Length | 8 weeks |
Effort | 8 weeks, 2–4 hours per week |
Starts | On Demand (Start anytime) |
Cost | $49 |
From | Australian National University, ANUx via edX |
Instructor | Adam Butt |
Download Videos | On all desktop and mobile devices |
Language | English |
Subjects | Data Science Business Mathematics |
Tags | Data Analysis & Statistics Economics & Finance Math |
Similar Courses
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