Desirable qualities for applicants
Vocation for the study of science.
Capacity for scientific research.
Capacity for analysis and synthesis.
Skills and interest in theoretical work, technological development, and problem solving.
Interest in teaching.
Information for applicants to the Bachelor of Actuarial Studies
By: Azucena Rios Mercado.
¿Who is an Actuary?
Actuaries are people that count with multiple tools for planning strategies. They are trained in the theory and application of mathematics, statistics, economy, probabilities, and finances. They’re also known as financial architects and social mathematicians, because of their unique combination of analytic and business abilities that are used to direct a growing variety of financial and social changes all over the world.
By using sophisticated analytic techniques, actuaries acquire a trustable financial sense for the short and the long-term, identifying, planning, and administrating a wide range of possible contingencies and financial risks. By doing this, actuaries provide with valuable information those people who make decisions, who design long-term strategies.
Actuaries are trained to provide a variety of valuable services, such as:
- Build custom financial models for particular circumstances.
- Provide analysis that are taken into account for the changes of interest rates, inflation, inversions, and unanticipated events.
- Provide financial advice to facilitate long-range insurance decisions.
The activity areas of the actuary include:
- Life insurance
- Health insurance
- Damage insurance
- General insurance
- Pension and retirement plans
- Financial investment and services
- Administration of entrepreneurial risk
The actuaries professionally perform in:
- Insurance Companies: designing different insurance plans in different areas (life, health, damage, etc.), retirement plans and more related products
- Brokerage Houses: making the analysis of investment risks
- Banks and Financial Institutions: designing the different financial products, investment, portfolio, and others de products
- Institutions that manage public policies: designing pension, jubilation, and social insurance plans
- Companies: analyzing and designing investment plans, financial risk administration, analyzing financial resources
Basic Areas: constituted by the common core courses of the FCFM programs and from other subjects, where they’ll acquire some necessary conceptual tools that will facilitate the comprehension and solving of general and actuarial problems.
Insurance and pension area: The objective is to develop competences to solve solvency problems that insurance companies face; as well as the application of actuarial models in the different insurance, social security, and private pension branches.
Financial Area: The objective is to mathematically model the behavior of the different types of financial risk and propose new coverage mechanisms that minimize them. Likewise, understand the bases of the portfolios theory and the valuation of derivate products.
Statistics and probabilities area: The goal is to analyze the probability advances and study some statistics techniques such as regression, time series and survival models, as well as their application in financial and risk theory areas.