NMSU alumna leads as state actuary

Anna Krylova

As an undergraduate, Anna Krylova ’09 thought she wanted to be a financial adviser. But while pursuing a bachelor’s degree in finance at NMSU, she discovered a desire to study a field that was “more mathematical.” So, she opted to concentrate her studies in risk management and insurance and actuarial science.

With her sights set on becoming a professional who measures risk and uncertainty, Krylova graduated from NMSU with a bachelor’s degree in finance and an RMI concentration along with a supplementary major in applied mathematics. Today, she is the chief actuary in the Office of Superintendent of Insurance for the state of New Mexico.

“I received an amazing base knowledge in RMI studies at NMSU,” she says. “The program’s leaders – professors Al Berryman and Tim Query – provided mentorship that was indispensable and helped me get to where I am today.”

The late professor L.E. “Lije” Pease founded the RMI studies program at NMSU more than 25 years ago. Today, it encompasses three pathways for undergraduates: an 18-credit RMI minor and RMI concentration for finance students, both offered through the Finance Department in the College of Business, and an actuarial science and insurance concentration for math students.

“There is high demand for jobs in the RMI/actuary industry,” says Query, NMSU finance professor, who oversees the insurance studies program and the Actuarial Science Insurance and Financial Services Center. “At NMSU, students are taking RMI classes in record numbers. The benefit of having an RMI studies program at a Hispanic-Serving Institution is that more diverse students are entering the industry.”

Dozens of businesses and individual donors have contributed to the program. Every year, the College of Business awards approximately $23,000 in student scholarships, and John and Margy Papen founded an endowed professorship to support the faculty in actuarial sciences. 

Given the high job demand in the industry, students who study RMI and actuarial science typically find employment more easily, Query says. Such was the case for Krylova.

  “After I graduated, professor Berryman connected with the folks at Mountain States Insurance, and that’s where I started as an actuary. I stayed there for three years before I went to the Office of Superintendent of Insurance,” she says, noting the small but growing RMI and actuarial science industry in New Mexico. “Yes, actuaries are very much in demand.”

Carlos Andres López ’10

Students in a risk management and insurance course listen to instructor Yolanda Hernandez discuss an upcoming course exam. Founded more than 25 years ago at NMSU, RMI course enrollment numbers are setting record highs, building a future workforce for in-demand careers.

Yolanda Hernandez leads a risk management and insurance course, which is offered through the Finance Department in the College of Business.