Actuarial Mathematics and Quantitative Risk Master's Program

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

To compete in today’s career climate, graduates must adapt to rapidly-evolving technologies impacting all corners of the job market, like generative AI. At Stevens, you’ll learn the in-demand skills you need to fill the talent gap. Our core curriculum – infused with AI electives and hands-on education opportunities – develops the deep expertise, critical thinking, interdisciplinary collaboration, and entrepreneurial savvy required to thrive in a technologically disrupted marketplace.

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 you 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:

• Core AI Curriculum: To help build the next iteration of an AI-competent workforce, our standard graduate curricula is infused with core and elective artificial intelligence courses.

• 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:

• Wide selection of Graduate Certificates

• Student Organizations

• 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.