Saturday, May 16, 2009

Actuarial Science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in the insurance and finance industries. Actuaries are professionals who are qualified in this field through education and experience. They must demonstrate their qualifications by passing a series of professional examinations.

Actuarial science includes a number of interrelating subjects, including probability and statistics, finance, and economics. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes during the last 30 years due to the proliferation of high speed computers and the synergy of stochastic actuarial models with modern financial theory.

TOP Ten Universities in USA
1. Princeton University
2. Harvard University
3. Yale University
4. Stanford University
5.University of Pennsylvania
6. California Institute of Technology
7.Massachusetts Institute of Technology
8. Duke University
9. Columbia University
10. University of Chicago

(bold =University With Actuarial Science Program)

haha, my target!!! Stanford University.. hahahah

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