Actuarial Science

Temple University

United States of America, Philadelphia

University Rank:#688

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Duration2 year(s)

Tuition Fee

USD 1,165 / credit

Next IntakeAugust 28, 2023

Actuarial Science

About

Prepare for a career analyzing and evaluating financial risk with the Master of Science in Actuarial Science in the Fox School of Business at Temple University. Build competency around statistical analysis and financial theory with this master's degree program, acquiring the knowledge to pass the many professional exams needed to become a credentialed associate or fellow. Develop the business acumen and the quantitative and qualitative skills to elevate your candidacy for positions at organizations including

consulting firms,
government regulatory organizations,
insurance companies and
investment banks.

This Master's program is housed in the Department of Risk, Insurance, and Healthcare Management, which is designated as both a Center of Actuarial Excellence and a Global Center of Insurance Excellence. The program introduces and explores the full breadth of core actuarial concepts, including

valuation of certain and probabilistic cash flows (including life contingencies, financial derivatives and loss models);
actuarial modeling techniques;
insurance pricing and reserving (for both life/health/benefits and P&C insurance);
data analytics and predictive modeling;
business acumen, such as corporate finance, economics and accounting; and
enterprise risk management.

The Actuarial Science MS can be completed full time or part time on Temple's Main Campus in Philadelphia. Faculty members within the master's program maintain close relationships with leaders in Philadelphia's robust insurance and actuarial communities. Weekly campus visits from these professionals present invaluable networking and career development opportunities for master's students, often leading to internships or full-time work.

Requirements

Entry Requirements

University degree requiring four years of study.

Request one certified copy of official transcripts from every college and university you have attended, even if only one course was taken. International degrees must be assessed for equivalency with a U.S. degree based on the characteristics of the national educational system, the type of institution attended and the level of studies completed. A minimum GPA of 3.0 on a 4.0 scale is ordinarily required for admissions consideration. If unofficial transcripts are submitted during the application process, submission of official academic records will be required by the end of your first term of graduate study if you are admitted and subsequently enroll at Temple University.

English Requirements

PTEMin 53
IELTSMin 6.5
TOEFLMin 79

Career

Several career paths are open to Actuarial Science MS degree holders. Graduates often advance to employment for the following types of employers.

Insurance and reinsurance companies
Investment houses and banks
Consulting firms
Government offices
State insurance departments

Some of the top companies employing actuaries are

- Allstate Insurance Company,
- Aon Hewitt,
- Liberty Mutual Group,
- Mercer,
- Nationwide Insurance Company,
- The Travelers Company, Inc. and
- Willis Towers Watson

According to the Bureau of Labor Statistics, employment opportunities in the already robust actuarial industry will grow by 22 percent from 2016 to 2026.

Fee Information

Application Fee 60

How to Apply

There are important details to keep in mind as you complete and submit your application to Temple University.

1. Apply using one of two methods.

Choose one of the following two methods to apply.

1. Online Application

Submit an online application and pay the nonrefundable $60 application fee online using either a credit card or a bank account drawn on U.S. funds.

2. Paper Application

Download the PDF application and save it to your device. (Adobe Acrobat is required for access.) You can write on the form, save the final version, and then print for mailing. If you have questions while completing the paper form, refer to the application instructions. Before mailing, enclose a check or money order made payable to Temple University, in the amount of $75, drawn on a U.S. bank. The application fee cannot be refunded.

2. Ensure you use the same name on your application and standardized tests.

Use the exact same name on your application that you used when registering for your standardized tests. Slight differences in your name can cause your application to go unmatched with your reported test scores and delay the processing of your application.

3. Submit all supporting credentials.

Submit the documentation you have been gathering for your application. You can find the correct mailing address or alternate electronic submission information on the degree program’s "Contacts" page in the Graduate Bulletin. All application materials, including portfolios and exhibits, become the property of Temple University and will not be copied, forwarded to another institution or returned.

4. Contact the department with any questions.

If you have any questions about your application, contact the program or department directly. Admissions decisions are made by the department based on your complete application profile, which includes grades, test scores, recommendations, statement of goals, research interests, past employment, portfolio and more.

5. Check the status of your application.

Remember that your application is reviewed only after it is complete. You can check the status of your application and materials by returning to the application system through which you applied.

Actuarial Science

Temple University

United States of America, Philadelphia

Go to Official Website