24 months
Duration
278 USD/year
18 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

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. 

Overview

Actuaries are professionals who are qualified in this field through education and experience. They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse events that actually do occur. The insurance industry cannot function without actuaries.

Actuaries measure the risk, estimate the costs and determine the premiums for policyholders. Private corporations also need actuaries that they should rely on risk evaluations to frame their strategic management decisions. Moreover; actuaries could be employed as professionals to design pension and benefit plans, evaluate assets and liabilities, and reduce the risk factors companies exposed to. 

Actuarial Science is 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 modeling real life data problem of actuarial sciences.

Objectives

The objectives of this Actuarial Science program from METU Middle East Technical University are:

  • To educate our graduates so that they can make significant contributions to the financial security of individuals through the ability to identify, quantify, assess and manage risk uncertainty;
  • To provide students with the knowledge and skills necessary for comprehending and applying actuarial techniques;
  • To produce theoretically sound and practical research, which contributes to the advancement of actuarial sciences and practice;
  • To conduct research in practical applications of actuarial, insurance, risk management and risk analysis.

Programme Structure

Courses include:

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

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

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

  • Additional medical costs (i.e. dental)
  • Repatriation, if something happens to you or your family
  • Liability
  • Home contents and baggage
  • Accidents
  • Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Start from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at METU Middle East Technical University and/or in Turkey, please visit Student Insurance Portal.

Other requirements

General requirements

  • a Bachelor's degree must be hold or expected by the end of the term of application
  • 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

    278 USD/year
    Tuition Fee
    Based on the tuition of 139 USD per semester during 24 months.
  • National

    18 USD/year
    Tuition Fee
    Based on the tuition of 9 USD per semester during 24 months.
  • Resident: 154 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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