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15 Affordable Master's degrees in Actuarial Science

When considering an affordable master's degree in Actuarial Science, it's essential to understand what qualifies as 'affordable'. In our system, any master’s programme with tuition fees ranging from 0 to 2,500 euros per year is considered affordable. This means that affordable master's programmes in Actuarial Science can start from €0, offering tuition-free options for international students. Several countries are renowned for providing cheap master's degrees in Actuarial Science. For instance, you can explore affordable Actuarial Science programs in Germany, cheap Actuarial Science degrees in France, budget-friendly Actuarial Science in Poland, affordable Actuarial Science in Italy, and low-cost Actuarial Science in Portugal. These options make Actuarial Science an attractive field of study for cost-conscious students. Additionally, online Actuarial Science degrees can be an affordable alternative, providing flexibility and cost-effectiveness. You can find affordable online Actuarial Science master's programmes that fit your budget and schedule.

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Actuarial Science

The Actuarial Science programme from Amity University Noida is a specialized programme designed for students interested in the application of mathematics, statistics, and finance to assess and manage risk.

M.Sc. Full-time On-campus
2 years$2,765/yr
METU Middle East Technical University4,3(346)
Ankara, Turkey Top 3% in Worldwide

Actuarial Science

The Actuarial Science program from METU Middle East Technical University is a degree, which employs mathematics and statistics in modelling the financial impacts of risk and uncertainty in various sectors and in designing solutions for risk management. 

M.Sc. Full-time On-campus
2 years$1,500/yr
University of Lausanne3,8(14)
Lausanne, Switzerland Top 1% in Worldwide

Actuarial Science

This Master of Science (MSc) in Actuarial Science from University of Lausanne, offers a complete basic training for future actuaries. An actuary is a business professional who deals with the financial impact of risk and uncertainty.

M.Sc. Full-time On-campus
2 years$1,470/yr
University of Pretoria4,2(326)
Pretoria, South Africa Top 2% in Worldwide

Actuarial Science

At Actuarial Science from University of Pretoria we strive to continuously improve our high impact research and significantly address the national shortage of PhD graduates that respond to global and local challenges.

M.Sc. Full-time On-campus
1 year$2,820/yr
WU (Vienna University of Economics and Business)4,0(47)
Vienna, Austria

Quantitative Finance

Do you want to make a career in finance? In the WU (Vienna University of Economics and Business) Master’s Program in Quantitative Finance, you will gain strong financial and computational skills that will make you sought-after in the global finance sector. Study in a truly international environment and lay the foundation for your career as a future quant.

M.Sc. Full-time On-campus
2 years$1,685/yr
University of Kaiserslautern-Landau4,7(190)
Kaiserslautern, Germany Top 5% in Worldwide

Actuarial and Financial Mathematics

The Actuarial and Financial Mathematics programme at the University of Kaiserslautern-Landau is a scientific-research-oriented programme that provides the theoretical foundations and skills necessary for a comprehensive understanding of large areas of the increasingly complex financial and actuarial markets. It also provides a link between mathematics and financial economics.

M.Sc. Full-time On-campus
2 yearsFree
Namibia University of Science and Technology4,0(125)
Windhoek, Namibia

Applied Statistics

We offer a master degree in Applied Statistics at the Namibia University of Science and Technology. Applicants from other institutions must submit detailed information on all courses in their previous qualifications, as well as contact details of three referees. 

M.Sc. Full-time On-campus
3 years$1,656/yr
University of Bern4,2(10)
Bern, Switzerland Top 1% in Worldwide

Statistics and Data Science

The Master's degree programme in Statistics and Data Science (M.Sc.) at the University of Bern spans three semesters. This course is designed for individuals seeking to deepen their understanding of statistical models and data science methodologies. It is offered in English, ensuring a comprehensive learning experience for both local and international students.

M.Sc. Full-time On-campus
1½ year$2,408/yr
ETH Zurich - Swiss Federal Institute of Technology4,1(53)
Zürich, Switzerland Top 0.1% in Worldwide

Quantitative Finance

The Quantitative Finance program at ETH Zurich - Swiss Federal Institute of Technology is a highly international degree program offered jointly by the University of Zurich and ETH Zurich.

M.Sc. Full-time On-campus
1½ year$1,851/yr
Memorial University of Newfoundland4,0(62)
St. John's, Canada Top 3% in Worldwide

Mathematics and Statistics

Memorial’s Department of Mathematics and Statistics is one of the institution’s youngest – half our faculty have been hired since 2005 – and most recognized – 20% of us hold the university's highest rank, University Research Professor. This master degree in Mathematics and Statistics is available at the Memorial University of Newfoundland. 

M.Sc. Full-time On-campus
1 year$1,562/yr
University of Peradeniya4,3(30)
Kandy, Sri Lanka Top 6% in Worldwide

Applied Statistics

Applied Statistics MSc programme is offered at University of Peradeniya is design to help students gain knowledge of statistics is essential not only to analyze data but more importantly at thedesigning stage of an experiment. It is essential that every institute that conducts researchmust have at least one qualified statistician (applied statistician or biometrician as the casemay be).  

M.Sc. Full-time On-campus
2 years$832/yr
Johannes Kepler University Linz4,2(20)
Linz, Austria Top 3% in Worldwide

Industrial Mathematics

Diverse mathematical applications to support advancements in business and engineering are at the heart of the Master’s degree program in Industrial Mathematics offered by Johannes Kepler University Linz.

Master Full-time On-campus
2 years$1,688/yr
University of Geneva3,9(30)
Genève, Switzerland Top 0.5% in Worldwide

Mathematics and Computer Science

The Master in Mathematics and Computer Science programme of University of Geneva takes an in-depth look at the various fields of mathematics, integrating a sizeable component on programming and new computer technologies.

M.Sc. Full-time On-campus
2 years$1,268/yr
University of Valencia4,1(172)
Valencia, Spain Top 2% in Worldwide

Actuarial and Financial Sciences

The Master’s Degree in Actuarial and Financial Sciences at University of Valencia represents a transformation of the second cycle degree with the same name, taught by the Faculty of Economics of the University of Valencia since the academic year 1999-2000.

Master Full-time On-campus
2 years$2,437/yr
University of Nairobi4,2(437)
Nairobi, Kenya Top 6% in Worldwide

Actuarial Science

The University of Nairobi's Actuarial Science MS program offers a comprehensive exploration of the principles and practices in actuarial science. Join UoN to deepen your understanding of risk assessment, financial modeling, and insurance analytics to make informed decisions in a rapidly changing world.

M.Sc. Full-time +2 On-campus +3
2 years$2,691/yr

Frequently Asked Questions

  • Several countries offer a cheap master's degree in Actuarial Science, making them attractive destinations for international students. For instance, you can explore cheap Actuarial Science master’s in Poland, where tuition fees are significantly lower than in many other European countries. Similarly, affordable Actuarial Science degrees in Germany are well-regarded for their quality and cost-effectiveness. Other options include cheap Actuarial Science master’s in France, affordable Actuarial Science degrees in Norway, and cheap Actuarial Science master’s in Sweden. These countries not only provide affordable tuition but also offer a high standard of education.

  • The average cost of a cheap master's degree in Actuarial Science typically falls under €2,500 per year. This affordability makes it accessible for many international students. For example, in countries like Poland and Germany, you can find programmes charging as little as €1,000 per year. Additionally, living costs in these countries are relatively low compared to other European nations, making the overall expense more manageable. It's important to consider both tuition and living expenses when budgeting for your studies abroad.

  • Yes, there are scholarships available for cheap Actuarial Science master degrees. Many universities and governments offer financial aid to international students. For instance, the Erasmus Mundus Joint Master Degrees programme provides scholarships covering tuition fees, living expenses, and travel costs. Additionally, some countries like Norway and Sweden offer government-funded scholarships specifically for international students. It's advisable to check the specific scholarship opportunities available at your chosen university and country, as these can significantly reduce the financial burden of your studies.

  • Absolutely, you can get an affordable online master's degree in Actuarial Science. Many universities now offer flexible, distance-learning options that are both cost-effective and convenient. For example, you can explore affordable online Actuarial Science master’s programs that fit your budget and schedule. These programmes often have lower tuition fees compared to on-campus options and allow you to study from anywhere in the world. Online learning also offers the flexibility to balance your studies with other commitments.

  • The admission requirements for a cheap master's in Actuarial Science generally include a bachelor's degree in a related field such as mathematics, statistics, or finance. Most programmes require a minimum GPA, typically around 2.5 to 3.0 on a 4.0 scale. Additionally, you may need to submit standardised test scores like the GRE, though some universities waive this requirement. English language proficiency is also crucial, usually demonstrated through tests like IELTS or TOEFL. Some programmes may require letters of recommendation and a statement of purpose. It's important to check the specific requirements of the university you're interested in, as they can vary.

  • The duration to complete an affordable master's in Actuarial Science typically ranges from 1 to 2 years, depending on the programme and whether you study full-time or part-time. Full-time programmes usually take about 1 year to complete, while part-time options can extend up to 2 years. Online programmes offer even more flexibility, allowing you to pace your studies according to your schedule. It's important to consider your personal and professional commitments when choosing between full-time and part-time study options.

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