The job of actuary has been ranked in every edition of the Wall Street Journal's Jobs Rated Almanac as a top three profession (out of 200) in the United States. In the 2015 edition, actuary was ranked the number one career. See http://www.careercast.com/jobs-rated/jobs-rated-report-2015-ranking-top-200-jobs. When ranking professions, the Almanac considers factors such as salary, hiring outlook, stress, and work environment. So who is an actuary? Actuaries use mathematical skills to define, analyze and solve business problems involving the cost of possible future events. Actuaries are employed by insurance companies, financial institutions, consulting firms, industrial corporations, government agencies, universities, accounting firms and labor unions. Actuarial work includes: projecting how a new auto-safety law will change insurance claims; investigating how life-insurance reserves and future premiums might balance future claims; estimating the benefit cost of a labor contract; analyzing investment risks; or projecting financial costs of an epidemic. For example, actuaries determine how much you should pay for auto insurance based upon your driving record and habits, location, age, automobile type, and etcetera. In the near future, actuaries will need to determine how autonomous vehicles are insured and consider emerging risks (e.g. hacking of software).
- Numerical Analysis
- 24 months
Start dates & application deadlines
- Deadline passed
DisciplinesMathematics Actuarial Science View 430 other Masters in Actuarial Science in United States
- An official score for the Graduate Record Examinations General Test (GRE), unless otherwise specified by the graduate program to which the student is applying. International students whose native language is not English must also submit scores on the Test of English as a Foreign Language (TOEFL) or the International English Language Testing System (IELTS).
- Adequate subject preparation for the proposed major. Evidence of adequate preparation varies by program, but examples include letters of reference, auditions, samples of work, and personal statements
- A grade point average of at least 3.00 in upper-division (junior- and senior-level) coursework and in any graduate work already completed.
International18162 USD/yearTuition FeeBased on the original amount of 9081 USD per semester and a duration of 24 months.
National18162 USD/yearTuition FeeBased on the original amount of 9081 USD per semester and a duration of 24 months.
In-State9216 USD/yearTuition FeeBased on the original amount of 4608 USD per semester and a duration of 24 months.
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.