Actuarial Science & Risk Management, Department of Statistics, University of Karachi
>  Admissions open for BS Actuarial Sciences & Risk Management, 2011. For more details click here.      >  The Wall Street Journal reports that actuaries landed at the top spot of a newly released study ranking the 200 best and worst jobs in the U.S. (Jan. 5, 2010). For more details click here.      >  Actuarial Sciences & Risk Management program of University of Karachi got VEE exemptions from SOA for more details click here.      >  Congratulations to Syed Habib ur Rehman, who has successfully transferred his credits to Queens College New York, for more details click here.
Courses

The course outline includes 48 demanding courses of which twenty two (22) different courses are based on the practical approaches of statistics, probability, mathematics and regression, six (6) courses cover the basics of economics and econometrics, six (6) different courses on finance and investments, eight (8) courses cover actuarial and insurance studies and two theses are based on financial and investment tools in order to gain a financial understanding of the corporate sector. In addition to the theoretical subjects, they are also skilled in different professional software packages including Matlab, SPSS, Minitab, ITSM, Excel, E-views, R and Mathematica.

1st Year
   
Semester 1
   
ACT - 300.1 English
ACT - 311 Elementary Statistics
ACT - 313 Introduction to Computers
ACT - 315 Financial Mathematics
ACT - 317 Mathematics – I (Algebra)
ACT - 319 Economic – I (Micro)
   
Semester 2
   
ACT - 300.2 Islamic Studies or Ethics
ACT - 312 Probability and Probability Distributions
ACT - 314 Computing Methods
ACT - 316 Fundamentals of Insurance Mathematics
ACT - 318 Mathematics – I (Calculus)
ACT - 320 Economic – II (Macro)
   
   
2nd Year
   
Semester 3
   
ACT - 400.1 Pakistan Studies
ACT - 411 Mathematical Statistics
ACT - 413 Probability Theory – I
ACT - 415 Financial Accounting
ACT - 417 Actuarial Demography – I
ACT - 419 Economic – III (Int. Trade and Finance)
   
Semester 4
   
ACT - 400.2 Urdu (Humanities)
ACT - 412 Statistical Method
ACT - 414 Probability Theory – II
ACT - 416 Numerical Analysis
ACT - 418 Actuarial Demography – II
ACT - 420 Economic – IV (Economics of Pakistan)
   
   
3rd Year
   
Semester 5
   
ACT - 501 Probability Distributions – I
ACT - 511 Actuarial Mathematics – I
ACT - 521 Sampling Technique – I
ACT - 531 Computer Programming and Systems
ACT - 541 Linear Algebra
ACT - 551 Life Insurance and Institutional Investments
   
Semester 6
   
ACT - 502 Probability Distributions – II
ACT - 512 Basic Finance
ACT - 522 Sampling Technique – II
ACT - 532 Applied Packages and use of Packages
ACT - 542 Applied Regress ional Analysis
ACT - 552 Operations Research
   
   
4th Year
   
Semester 7
   
ACT - 601 Risk Theory and Insurance
ACT - 611 Actuarial Models – I
ACT - 621 Financial Management
ACT - 651 Thesis
   
Optional (Any two of the following courses can be selected)
   
ACT - 631 Time Series Analysis and Forecasting
ACT - 641 Stochastic Process
ACT - 661 Decision Theory – I
ACT - 671 Econometrics – I
ACT - 681 Quality Control and Reliability - I
   
   
Semester 8
   
ACT - 602 Survival Analysis
ACT - 612 Actuarial Models – II
ACT - 622 Investment Analysis and Portfolio Management
ACT - 652 Thesis
   
Optional (Any two of the following courses can be selected)
   
ACT - 632 Time Series Analysis and Forecasting  - II
ACT - 642 Insurance Industry in Pakistan
ACT - 662 Decision Theory – II
ACT - 672 Econometrics – II
ACT - 682 Quality Control and Reliability - II