Actuarial Science and Statistics
Option 2: Statistics, Bachelor of Science Degree
Statistics is an applied science discipline. It uses mathematics knowledge and computer technology to help people make decisions and predictions based on the collection, interpretation, analysis, and presentation of data. Statistics plays a vital role in various social and natural sciences such as political science, sociology, business, economics, finance, insurance, biology, chemistry, engineering as well as medical industry.
The use of statistics is growing rapidly in both private industry and government. There is always a demand for skilled statisticians. Technological advances are expected to spur demand for statisticians even further; ever-faster computer processing allows statisticians to analyze greater amounts of data much more efficiently.
UCM's Department of Mathematics and Computer Science is meeting the expanding need of the program that includes in-depth training in statistics as well as other disciplines. The department offers a diverse curriculum, including courses in mathematics, statistics, actuarial science, computer science, and mathematics education. Students may begin the study of statistics and mathematics at a level equal to their background. Students with strong mathematics backgrounds may choose to begin with calculus. Others may choose to start with college algebra, trigonometry, and basic statistics.
The actuarial science and statistics program is supported by two labs. Computers in the labs are installed with several commonly used statistics and mathematics software packages such as Microsoft Office, MATLAB, SPSS, Maple and SAS for class teaching and students practices. A variety of other software is also available to students.
About the Faculty
All actuarial science and statistics classes are taught by experienced and caring faculty members who believe in individualized attention for their students. In addition to a wide range of academic and professional experience, more than 80 percent of faculty members in this program have earned doctorates. The remaining faculty members have master's degrees. Faculty members actively engage in research: publishing research articles in professional journals, presenting papers at international and national conferences, reviewing books or papers for professional journals, and organizing workshops and seminars.
Academic participation keeps faculty members current with their expanding fields.
The student-faculty ratio at UCM is about 17 to 1, which allows for personalized attention for each student.
The Department of Mathematics and Computer Science sponsors several student organizations that meet regularly to discuss topics ranging from new discoveries to career opportunities.
Included are Kappa Mu Epsilon, a national honor society for mathematics students; the Association for Computing Machinery, which keeps students informed of changes in the department's and university's computer facilities; a student chapter of the Mathematical Association of America, for students interested in recent developments in the mathematical community; the Actuarial Organization, which provides students with career information about the actuarial profession; and the Central Missouri Math Educators, which provides opportunities for prospective middle school and high school teachers to discuss methods and trends in teacher education with UCM faculty members and area public school teachers.
The statistics program at UCM is equipping students with quantitative skills that they can employ and build on in flexible ways. Some students will continue their study for graduate work in statistics or other fields; while majority of students seek employment with their undergraduate degree.
Since our statistics graduates contribute to scientific inquiry by applying their mathematical and statistical knowledge to the design of surveys and experiments; the collection, processing, and analysis of data; and the interpretation of the results, they find themselves in a variety of environments in academic, research, industry, government agencies, private and business organizations. With the strong training of quantitative reasoning in statistics, mathematics, and computer programming at UCM, statistics graduates are frequently employed in many professions as demographers, actuaries, financial planners, survey researchers, data management analysts, financial analysts, biostatisticians, operations research analysts, business analysts, as well as marketing research analysts with high starting salaries.
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