UMaine Farmington will connect math teachers and students with a research competition
The Actuarial Science Program at the University of Maine at Farmington recently hosted six high school math teachers from Maine at its Farmington campus for a networking event sponsored by the National Actuarial Foundation.
Teachers from Auburn, Machias, South Portland, Ellsworth and Farmington attended.
The event provided an opportunity for teachers to collaborate with colleagues, learn about actuarial science and how to connect classroom activities to the field, explore opportunities at UMF, and participate in the national Modeling the Future 2022-2023 challenge.
Dr. Lori Koban, director of the actuarial science program, moderated the event, according to a university press release.
“Historically, the MTFC program has not had student participants from Maine. We are going to change that this year. This challenge helps all students learn to financially assess risk, which is a life skill. It also introduces students to the actuarial profession, which is great for some students who love math but don’t know what career to pursue,” Koban said.
Actuaries are professional risk managers and problem solvers because conditions affect insurance, investments, and other financial activities. The program offers the student interested in mathematics a blend of mathematics, business, economics, finance, computer science and statistics. These courses prepare students for a number of in-demand professions, including as a credentialed actuary, underwriter, data scientist, or statistician.
UMF is one of 13 national university partners in the MTFC program, a project-based competition that invites high school math students to conduct their own research project combining mathematical modeling, data analysis and risk management. Their recommendations are then shared with companies, industry groups, governments or organizations.
“I’m glad Lori contacted me about the actuarial science competition; the meeting was a fantastic experience. I deliberately seek out opportunities for my students and math team members that can motivate, engage, and stimulate their mathematical creativity, and I’m especially excited for my students because this competition could open doors to a career they may not have considered or even known. otherwise,” said Elena Berry, a math teacher at Edward Little High School and math team coach.
The Challenge works with universities across the United States to help high school students take the next steps in their math careers. It also helps high school educators learn about actuarial science through a series of virtual summer training sessions.
Educators can participate in virtual training sessions in July or September and receive a $300 stipend and 13 hours of professional development.
The MTFC is one of the largest math challenges open to students, with $55,000 in scholarships available from the Actuarial Foundation.
For more information, visit mtfchallenge.org.