Graduate Profile
UGM Actuarial Science graduates are expected to work as:
- actuaries who work in insurance companies and risk guarantee institutions (life insurance, general insurance and health insurance),
- a researcher and lecturer in the field of Actuarial Science,
- someone who works in the field of risk management and investment,
- someone who works to compile and manage employee benefits, pension funds in a company or institution,
- someone who works in the regulatory sector (for example OJK),
- consultant actuary.
Graduate Qualifications
A person with a profile like the one above has strong logical qualifications, in-depth knowledge at the level of quantitative science, finance, economics, and computing and other supporting fields; and be able to implement it in quantitative risk measurement and management problems.
To be able to manage risk and make good decisions regarding future financial obligations, a person is required to have the ability to create good models of events that concern him. This behavior of uncertain events in the future can be explained through the science of probability, where logic, calculus and mathematics are the basis. Basic mathematical concepts, techniques for solving mathematical equations, stochastic processes and solving models involving stochastic processes are some examples of elements needed to be able to create a good model. Technical abilities in data analysis and skills in managing empirical data are needed to be able to benchmark the models built or conduct studies on the empirical behavior obtained. Meanwhile, knowledge of economic and financial principles is needed so that the projections made are acceptable, reasonable and meet domestic and international financial principles standards.