University of California

Santa Barbara

Department of Statistics & Applied

Probability

Advisors

Sarah Anderson

Undergraduate Program Advisor

anderson@pstat.ucsb.edu

Raya Feldman

Faculty Undergrad. Advisor &

Director of Undergrad. Studies

feldman@pstat.ucsb.edu

Our Majors

Actuarial Science

B.S. & a combined 5 year M.S.

Financial Math and Statistics

B.S. (joint with Mathematics dept.)

Statistical Science

B.S., B.A., & a Minor

Good News:

You have time to decide b/c pre-major requirements are similar:

• Math 3A-B, 4A-B, 6A and 8 are required for all majors/minor• At least one CompSci class is required for all majors• Writing 107B for ActSci; Econ 1, 2 and 10 for FMS

All three majors are for students who like

• math/computers,

• applications to real world problems rather than abstract math,

• looking at numbers and drawing conclusions

Differences are in employment:

• banks and investments? financial industry?

• insurance and risk management?

• Data scientists in high tech jobs, banks, retailers, etc etc etc?

How to decide on a PSTAT major?

What to do with STATISTICS?

Data Scientists

“By 2018, the United States alone could face a shortage of 140,000 to 190,000 people with deep analytical skills as well as 1.5 million managers and analysts with the know-how to use the analysis of big data to make effective decisions.” -- McKinsley Global Institute

Careers of some of our 2015-2016 graduates

Isaac Bjorke, B.S. in Statistical Science and B.A. in Economics

PhD in Economics at NYU. Isaac also received great offers fromPrinceton, Caltech, and UC San Diego.

Haley Sorensen, B.A. in Statistics

Position in Original Research in Graphiq, Santa Barbara.Grapghiq builds visualizations used by thousands of journaliststo add validity and engagement to their articles.

Dylan Robbins-Kelley, B.S. in Statistical Science Statistical Analysis Intern at New York Yankees

Data Science Club at UCSBMeetings: SSMS 1007 on Wednesdays from 7 to 8pm

First Meeting: September 28, 2016

http://datascience.pstat.ucsb.edu/

Learn to apply math, stats & analytic skills to business problems

Plan to study economics, computer science & math

Plan to take many statistics & math finance courses

What to expect after graduation?

Expect to work in a business world: banks, investment firms, insurance companies, etc

• Financial Analysts monitor financial movements to determine whether deals are feasible; look for stocks to add to an investment fund, etc.

• Traders buy, hold or sell securities on financial markets, making profits from price variations, use a financial institution’s own funds to select securities or trade on behalf of clients

• Traders’ Assistants build computer programs to value and track financial instruments for portfolio managers, proprietary traders and clients

GRAD School is highly advisable

UCSB Student Organization- Finance Connection!

B.S. in Financial Math & Stat

Careers of some of our 2015 - 2016 FMS graduates

Leyton Pang, B.S. in Financial Mathematics and Statistics

Actuary with Willis Towers Watson (Health), LA

Cindy Liang, B.S. in Financial Mathematics and Statistics

Business Analyst at Oracle, SF

Aaron Garrovillas, B.S. in Financial Math and Statistics

Analyst at Barclays Investment Bank, NY

Claudia Tsau, FMS’17: Financial Analyst Intern at Adobe

Prachi Joshi, FMS’17: Risk Insurance Intern at PwC

Gary Khytman, FMS’18: Wealth Management Intern at Northwestern Mutual, Woodland Hills

Kyle Visher, FMS’18: FXCM, a Forex brokerage, SF

Summer 2016 internships of some of our FMS majors

Finance Connection at UCSBMeetings: on Wednesdays from 7:30 in North Hall 1110

http://www.ucsbfinanceconnection.com/

ACTUARIAL SCIENCE- Unlimited opportunities

Financial sector: determine how a company should invest based on risk and potential returns.

Retirement: make sure pension plans do not run out of money and help individuals to plan for retirement.

Health: develop health & long-term-care insurance policies; predict the likelihood of health issues such as heart disease, diabetes, etc.

Casualty/Property: calculate the expected number of claims resulting from earthquakes, fire damage, automobile accidents, etc.

Reinsurance: help insurance companies manage their collective risks.

Research: develop new statistical tools and solve problems associated with risk.

ACTUARIAL SCIENCE?

Top 10 reasons to be an Actuary:1. Continual learning (passing SOA/CAS exams is a challenge!)

2. Professional accreditation and title w/o going to grad. school.

3. Career that is challenging and dynamic.

4. Career with merit-based advancement, you are in control.

5. Career with many opportunities in multiple industries.

6. Career with superior job security.

7. “Earn while you learn.”

8. Internships while in college

9. Self-motivated! Goal oriented! Great math aptitude & communication skills!

10. Highly competitive salary and excellent benefits

UCSB Actuarial Associationucsbactuary.org

Job & internship recruitment

Educational workshops

Excel workshops

Resume workshops

Exam Reimbursement

Actuaries at UCSB

UC Santa Barbara’s 5th Annual

In Corwin Pavilion

Thursday

QUESTIONS?

Find us online:

www.pstat.ucsb.edu

Stop by the department

Walk-in hours: Monday – Friday 1-4pm

Alternative times by appointment

South Hall 5th floor

Staff UG Advisor: Sarah Anderson

Faculty UG Advisor: Raya Feldman