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Statistics and Actuarial Science


Programs

This is a general message that is sent to students who request information about our graduate programs in statistics or in actuarial science. Please review this information and the web pages sited below. If you have questions that remain unanswered, please send an email to statistics@uiowa.edu or actuarial-science@uiowa.edu.


Dear Prospective Graduate Student:

We are pleased that you are interested in our department. Quality teaching has been a hallmark of our department since its inception. Our degree programs are designed to be career oriented and to provide a good balance between theory and practice. You would receive a first-rate education at Iowa. Our faculty have earned international reputations for their excellent research in various areas of probability, statistics, and actuarial science. They are active, congenial, and dedicated to being good teachers and researchers.

Information is available on the web. Please go to http://www.stat.uiowa.edu/ and click on Programs. You will find information about our programs in statistics and in actuarial science, as well as information about how to apply. Students are encouraged to download the required supplemental application materials and to apply online, but if you need paper copies, please contact the department.

The General Catalog is also on the web http://www.uiowa.edu/registrar/catalog/Colleges.html, and the section specifically describing our department is located at http://www.uiowa.edu/registrar/catalog/CollegeofLiberalArtsandSciences/StatisticsandActuarialScience.html.

Students pursuing an MS degree in either statistics or in actuarial science usually begin their studies in the fall semester and complete their degrees after four semesters. Here is some data on our graduate students...

    Numbers of degrees awarded during the academic year 2003-04
  • MS in Actuarial Science: 22
  • MS in Statistics: 8
  • PhD in Statistics: 2
    Numbers of new graduate students who enrolled in the Fall 2004 semester
  • Actuarial Science: 19
  • Statistics: 10
    Counts of current graduate students in Fall 2004 (88 total)
  • Actuarial Science (44 total)
  • US Int'l Total
    Male 3 14 17
    Female 2 25 27
    Total 5 39 44
  • Statistics (44 total)
  • US Int'l Total
    Male 5 23 28
    Female 3 13 16
    Total 8 36 44
    Counts of supported students in Fall 2004 (48 total)
    US Int'l Total
    Teaching Assistant 8 31 39
    Research Assistant 0 9 9
    Total 8 40 48

Most of our international students are from China, but we have international students from a variety of other countries. Current international students are from China, Lebanon, Malaysia, Hong Kong, Romania, Vietnam, Ivory Coast, South Korea, Turkey, India, Taiwan, and Israel. A directory of current graduate students in on the web page located at http://www.stat.uiowa.edu/people/gradstudents.html.

For students pursuing a degree in actuarial science:
The main emphasis of our MS program in actuarial science is based on the syllabi for Exams MP, M and C of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The syllabi for these exams can be found at the web site http://www.soa.org/. In November 2003, 31 Iowa students wrote Exam 3 (the corresponding new exam is labelled M), and 24 passed. In May 2003, 29 Iowa students wrote Exam 4 (the corresponding new exam is labelled C), and 22 passed. When there are enough interested students and a faculty member is available, we teach a course on asset and liability management. This course, and other courses taught by the Department of Finance in our College of Business, can help you prepare for some of the later professional exams. If it is feasible for you to take Exam P prior to arriving at The University of Iowa, we strongly encourage you to do so.

For students pursuing a degree in statistics:
Our M.S. program requires two courses in mathematical statistics, one in probability/stochastic processes, two in applied statistics, one in statistical computing, and one in statistical consulting. The remainder of the M.S. course work consists of electives.

All statistics Ph.D. students take a set of core courses plus at least four additional courses in one of four areas of emphasis. The emphasis areas are biostatistics, statistical modeling, probability/mathematical statistics, and actuarial science/financial mathematics.

If you are interested in pursuing a PhD in statistics with emphasis in actuarial science/financial mathematics, we want to caution you that this is a very selective and highly mathematical program. For the vast majority of students, admission into this PhD program comes after earning an MS degree in actuarial science at The University of Iowa. It is unlikely that we shall admit new Ph.D. students in the area of actuarial science/financial mathematics in the coming academic year.

We will be happy to review your application for admission and for financial support. Decisions on admissions and financial support are made only after receiving complete applications. The application includes the general GRE (not the GMAT) for all students and the TOEFL for international students. We do not have specified cutoffs required for admission, but we want to see high scores.

Most of our support is in the form of teaching assistantships. Before a teaching assistantship may be offered to an international student, we must have strong evidence of proficiency in both oral and written English. For the 2004-05 nine month academic year, beginning half-time teaching assistants will earn $15,490, and they will also receive a tuition scholarship of $750 per semester. Graduate students who are appointed quarter-time or more, qualify to pay tuition at the resident rate. For 2004-05 the resident tuition and fees for graduate students totals $3,091 per semester.

The number of new graduate students who are awarded teaching assistantships for fall semesters usually varies between 15 and 20. Most teaching assistantships are awarded to students beginning their studies in the fall. A small number of new teaching assistantships are sometimes awarded to students for the spring semester, but these usually go to students who are already in our programs.

If you have further questions, please contact one of the following:

We look forward to receiving your application.


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This page was last modified on Tuesday, 19-Jul-2005 16:17:30 CDT. /ts