Studyportals
M.Sc. On Campus

Actuarial Science

METU Middle East Technical University

24 months
Duration
614 USD/year
34 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

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

Overview

The Master of Science in Actuarial Science at METU Middle East Technical University is in a newly emerging field of science with full of potential for career growth and plenty of promises for high profile career opportunities. Actuarial Science is already considered as one of the top five potential job fields according to categories work environment, employment outlook, job security, growth opportunity, and salary in the USA. In Turkey, there is a high demand to produce knowledge for actuarial analysis and to have well-educated actuaries to deal with modelling real life data problem of actuarial sciences.

Moreover, actuaries could be employed as:

  • professionals to design pension and benefit plans
  • evaluate assets and liabilities
  • reduce the risk factors companies exposed to. 

Programme Structure

Courses include:

  • Risk Management and Insurance
  • Actuarial Risk Theory
  • Pension Fund Mathematics
  • Elements of Statistics and Probability
  • Life Insurance Mathematics
  • Research Methods and Ethics

Key information

Duration

  • Full-time
    • 24 months

Start dates & application deadlines

Language

English
TOEFL admission requirements TOEFL® IBT
79

Credits

120 ECTS

Delivered

On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

English requirements

TOEFL admission requirements TOEFL® IBT
79

Other requirements

General requirements

  • METU-EPE≥64.5 or TOEFL≥79 (see Equivalence Table for Recognised Exams)
  • ALES-quant.≥70
  • or GRE-quant.≥155 (GRE-quant.≥696)
  • At least two (2) reference letters
  • Letter of intention (included in the online form)

Tuition Fee

To alway see correct tuition fees
  • International

    614 USD/year
    Tuition Fee
    Based on the tuition of 307 USD per semester during 24 months.
  • National

    34 USD/year
    Tuition Fee
    Based on the tuition of 17 USD per semester during 24 months.
  • Resident: 140 TL/semester
  • Non-Resident: 2500 TL/Semester

Living costs for Ankara

1600 - 2350 TRY /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.

Our partners

Actuarial Science
-
METU Middle East Technical University

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