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Professional Science (Actuarial Sciences Concentration), M.Sc.

  • Application Deadline
  • 24 months
    Duration
, TN,
Actuarial science is a special discipline for training students to apply mathematical skills and statistical techniques to study uncertain future events, especially those of concern to insurance and pension programs. The Actuarial Sciences concentration in the Professional Science major is a relatively new master’s program at MTSU.

About

The program offers training so that students can make practical use of probability theory and statistical analysis for managing risks and solving problems. An internship takes the place of writing a thesis. Actuaries may work for insurance companies, consulting firms, government, employee benefit departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an actuary is better described as a "business" career with a mathematical basis rather than as a "technical" mathematical career. The occupation of actuary has been ranked for many years as one of the best jobs based on a variety of factors.

Programme Structure

Courses include:
  • Accounting and Legal Issues for Managers
  • Managerial Communication 
  • Internship Program 
  • Leadership and Motivation 
  • Probabilistic and Statistical Reasoning 
  • Construction and Evaluation of Actuarial Models 

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 24 months
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

You only need to take one of these language tests:

  • Minimum required score:

    71

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

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  • Minimum required score:

    525

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

    Schedule TOEFL®
  • Minimum required score:

    6

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

    Schedule IELTS

Academic Requirements

You need the following GPA score:

Required score: 2.75

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 2.75 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

  • an earned bachelor’s degree from an accredited university or college with a course in Multivariate Calculus (MATH 3110 or the equivalent) with a grade of C (2.00) or better and a course in Linear Algebra (MATH 2010 or equivalent) with a grade of C (2.00) or better;
  • basic competency in word processing, electronic mail, library retrieval systems, presentation graphics, spreadsheets, and databases;
  • appropriate undergraduate preparation for advanced study of actuarial sciences.

Tuition Fee

  • International

    1382 USD/credit
    Tuition Fee
    Based on the original amount of 1382 USD per credit and a duration of 24 months.
  • National

    548 USD/credit
    Tuition Fee
    Based on the original amount of 548 USD per credit and a duration of 24 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Murfreesboro

  • 1123 - 2090 USD/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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