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Master in Actuarial & Quantitative Risk Management

The Mathematics Department at the Ohio State University is has recently added the Master in Actuarial and Quantitative Risk Management (MAQRM) as a new graduate degree program to its offerings.

Please forward the information below to any students, colleagues, or employers who may be interested in this program .


We are inviting applications for the first MAQRM cohort entering in Autumn 2016. For full consideration applications have to be received by

Tuesday, May 17th , 2016.

Please visit for information about the admission process.

For help with applications please reply to this email ( ).

Summary Description

Many students with strong math and technical background seek a career in a business field, especially in insurance or finance. The purpose of the new MAQRM program is to prepare students with advanced mathematics and statistics preparations to meet the growing need for quantitative skills in insurance and finance and to build a solid foundation for a career in actuarial and quantitative risk management.

More detailed descriptions of the new program can be found at as well as .

Concentrations & Career Training

The new program is designed with a broad range of students’ backgrounds in mind, and it can be completed in different concentration areas according to a student’s interests:

1. Actuarial Science

This concentration is particularly attractive to students with a undergraduate degree not in actuarial science who want to switch to this field. Students will complete course work in actuarial mathematics and statistics to build a solid foundation for an actuarial career.

2. Financial Math/Quantitative Finance

Hedging risks from financial market is important not only in finance, but also in insurance. There has been an increasing need for quantitative risk management skills. The new program will have courses in advanced stochastic calculus for finance and in financial risk management to equip students with advanced quantitative skills.

3. Predictive Modeling

Data science is everywhere nowadays. Although financial institutions and insurance companies have been using data analytics for many years, predictive modeling has become more and more important and an active field. Students in this concentration will have opportunities to study and investigate broader and deeper applications of predictive modeling after they complete some advanced statistics courses.


Tuition fees for the current academic year can be found in theĀ  2015/16 Fee Table . These numbers are not expected to change significantly in coming years. For AY2016/17 there will be no additional costs although in future years a program fee of about $400 per semester may be added to the tuition.

Please feel free to contact us with any questions or requests you may have. You can find an overview and additional information about our Mathematics Graduate Program in our updated Graduate Program Prospectus .

Sincerely, Thomas Kerler

Thomas Kerler
Vice-chair for Graduate Studies
The Ohio State University
College of Arts and Sciences Department of Mathematics
231 West 18th Avenue, Columbus, OH 43210
614-292-6274 Office / 614-292-1479 Fax

April 20th, 2016 · Tags: Grad School