Actuaries @ Carlos III de Madrid

Traditional actuarial studies have historically focused on pure actuarial content to the detriment of the associated effects within a business environment. However, this program balances both areas. “Our initial aim was for our students to study – in equal depth – the value of investments and assets and, on the other side, liabilities and debts,” commented Usábel.

The program’s content is international and uses many of the same textbooks as those used in programs offered by universities in the United States and other European countries with over 150 years of actuarial tradition.

“We had already been using SAS for quantitative analytics because it will increasingly be the software that students will encounter once they enter the workforce,” said Usábel. “Furthermore, many of the solutions specifically developed for actuarial and financial problem solving are SAS, so the student will have firsthand knowledge of the software used in the sector,” added Usábel. Carlos III University prides itself on the meticulous nature of the research conducted by its faculty and students, as well as on the quality of its courses and the career guidance resources it provides.

Full article at SAS

El Mundo, one of the most widely known Spanish newspapers, has just issued its last report regarding the quality of the national undergraduate programmes for the 50 more demanded bachelors. As in former editions, Carlos III University of Madrid has accomplished impressive results given the youth and state financing of the institution. Among other achievements, it can be pointed out a top 10 position in the overall national ranking, above dozens of oversized state universities as well as every private one but University of Navarra - IESE. The responsability for such a success is borne by the international prestige of several of the Research Departments such as the Economics, Statistics and Business ones, not to mention several reputed Law and Engineering faculties. The key factors that makes Carlos III research and education outstand internationally is the focus on excellence, meritocracy and anglo-saxon minded management of resources. The only Spanish university with a similar model is the Barcelona based Pompeu Fabra with which Carlos III is quite linked by means of several agreements and transfers. The competitiveness of these universities can be noticed in the top PhDs and masters they provide.

The full report can be found in El Mundo website in Spanish language. For instance, the Business Administration and Management Bachelor (Licenciatura en Administración y Dirección de Empresas) has achieved a no. 1 position for the fourth year in a row. The Carlos III BSc in Actuarial Science and Finance is derived from the former bachelor although it is not included in the report since its a second cycle degree. In that regard, the BSc in Actuarial Science and Finance will have a concordance of a MSc under de European Higher Education Area - Bologna agreement.

You can find further references about the mentioned topics in:

Carlos III website
Track of all years rankings by El Mundo
Wikipedia