Word of welcome
Professor François Dufresne,
Director of the Master in Actuarial Science (MScAS)
The program develops an understanding of the actuarial principles and techniques necessary for the management of insurance companies as well as financial and savings institutions, including pension funds and social security systems. Although applied mathematics are the actuary's main tool, good knowledge of economics, management and computing is also required to enable him to work effectively.
This program includes specialized courses in risk theory, stochastic processes, compound interest, credibility, mathematics for finance, actuarial modeling for insurance. Most of the subjects taught involve training in quantitative risk management, the actuary's most important working tool. Good knowledge of management, economics and information technology is also necessary to ensure an adequate level of professional expertise.
This Master is recognized by the Swiss Association of Actuaries (SAA) and hence by the European Associations. Moreover, certain courses prepare the students for the first professional exams for actuaries (SOA).
The courses are taught in English by professionally qualified academics with a strong profile.
Why choose this Master's program?
- Variety of career prospects: insurance companies, consultants, banks, global companies, government
- High financial rewards: high salaries from an actuarial career in most countries in the world
- No unemployment in the sector
- The demand for actuaries is higher than the offer. There are approximately 50,000 actuaries around the world. The World Bank has estimated a need for 25,000 more
- In Switzerland the density of insurance is extremely high
- Internationally recognized qualification
- This program is fairly inexpensive: CHF 580 per semester