Actuarial Mathematics and Quantitative Risk Master's Program
Set yourself up to thrive with an actuarial mathematics and quantitative risk master’s degree from Stevens.
Actuarial science is projected to be one of the fastest-growing professions over the next decade. Ranked among the nation’s top 10 programs by Great Business Schools, Stevens' actuarial mathematics and quantitative risk master's program will give you deeper expertise in fundamental concepts of actuarial science with an emphasis on mathematical methods and ensuing models to evaluate, manage and control actuarial risk.
The actuarial science and quantitative risk master’s program introduces insurance strategies and their financial instruments through six core courses and four elective courses that will give students a strong background in probability and statistics, and create a path toward professional certifications. You’ll collaborate with top-notch faculty who are recognized experts in the field and learn industry-standard software programs like R, SAS and MatLab.
The Stevens Advantage: Widen Your Career Options
At Stevens, we’re a 15-minute ride from the center of Manhattan—where many insurance companies, large banks and hospitals who are looking to hire actuarial talent have headquarters. Our location gives students a leg up on the competition when it comes to networking, internships and employment opportunities.
Learn more about what makes an engineering education from Stevens a unique experience:
Graduate Cooperative Education Program: Available with two tracks, your co-op experience can serve as a starting point for a research project or augment your on-campus research with complimentary experience.
International Student Experience: Tap into our expanding worldwide network of research, academic and alumni partners and mentor with our expert faculty in a number of federally-designated STEM degree programs. Optional Practical Training (OPT) or Curricular Practical Training (CPT) is available to gain work experience in your major/field of study.
State-of-the-Art Research Labs and Facilities: Build, tinker and test your designs in Stevens' MakerCenter, Prototype and Object Fabrication Lab, or numerous other research facilities.
Research Opportunities: Renowned faculty, labs and research centers – as well as industry partnerships and funding from leading national agencies – support strategic and interdisciplinary research in engineering and science.
More opportunities for Stevens graduate students include:
Optional research or clinical thesis
Credit for on-the-job projects with your current employer
Extensive hands-on laboratory experience
Research with clinical collaborators
Find out more about life as a graduate student in the Department of Mechanical Engineering at Stevens by visiting the links below.
Graduate Programs That Advance Your Career
The actuarial mathematics and quantitative risk master's program develops in-demand knowledge and skills to put you on track for career success in a variety of roles like:
Actuarial Analyst
Actuarial Associate
Actuarial Manager
Actuary
Risk Consultant
Our graduates have been hired at:, American International Group, GEICO, TIAA Progressive Casualty Insurance Company, Liberty Mutual, Sun Life Financial
A Tech Forward Education
Yi Li researches partial differential equations with applications to fluid mechanics, biology and optical fiber communications, harmonic and nonlinear analysis, dynamical systems, and numerical analysis and computations.
Yi Li
Mathematical Sciences Faculty
Xiaohu Li researches applied probability, mathematical statistics, dependence modeling, stochastic order, actuarial risk, and reliability.
Xiaohu Li
Mathematical Sciences Faculty
Darinka Dentcheva is an expert researcher in stochastic optimization and control using mathematical models of risk analysis and their applications in decision making under uncertainty.
Darinka Dentcheva
Mathematical Sciences Faculty
Department Chair Michael Zabarankin researches risk management and optimal control, continuous and discrete optimization, mathematical physics and variational principles.
Michael Zabarankin, Department Chair
Mathematical Sciences Faculty
Yi Li researches partial differential equations with applications to fluid mechanics, biology and optical fiber communications, harmonic and nonlinear analysis, dynamical systems, and numerical analysis and computations.
Yi Li
Mathematical Sciences Faculty
Xiaohu Li researches applied probability, mathematical statistics, dependence modeling, stochastic order, actuarial risk, and reliability.
Xiaohu Li
Mathematical Sciences Faculty
Program Facts & Statistics
Related Programs
Mathematics Master's Program
Mathematics is foundational to just about every industry in the world. That’s why a Stevens mathematics master’s degree can be the key to advancing your career.
Data Science Master's Program
Data drives almost every aspect of our lives—and the demand for people who can gather, analyze and interpret that data has never been higher. Prepare to excel in this lucrative field with a data science master’s degree from Stevens.
Applied Mathematics Master's Program
Both established companies and startups are actively seeking experts in applied mathematics who can formulate and solve problems on a global scale. You are well-positioned with an Applied Mathematics Master’s degree from Stevens.