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Overview
The Actuarial Science MSc program offered at Arizona State University also includes a new focused set of professional learning outcomes aligned with the needs of the ever-evolving insurance industry, while keeping the core technical learning outcomes in place. These guide students' development of professional competencies through coursework, independent projects and opportunities outside of the classroom, while remaining firmly based on a strong foundation of scholarly technical work in actuarial science.
Career Opportunities
Risk is a part of daily life and wherever there is risk, there are opportunities for actuarial intervention. Many actuaries work with insurance companies to calculate premiums, determine reserves needed to ensure an organization's financial health and to ensure organizations conform to stringent, complex legal mandates. Others help companies to establish retirement plans or are employed as consultants.
Graduates possess skills that are transferable to any industry and any organization that requires risk modeling and management, including:
- colleges and universities
- consulting firms
- energy, such as utilities, oil and gas
- environment (on issues such as climate change and the financial impact or risk of extreme events)
- financial services, such as banking and investment management
- government agencies such as Social Security, the Department of Labor and Medicare (to manage social programs and to develop regulations and legislation)
- insurance companies
- retirement and pensions
- transportation, such as shipping and air travel
Programme Structure
Courses include:
- Advanced Models for Enterprise Risk Management
- Mathematics of Finance
- Probability for Risk Management
- Rate Making and Reserving
- Mathematics for Financial Derivatives
- Statistics for Risk Modeling
- Long Term Actuarial Mathematics
- Advanced Mathematics and Financial Derivatives
- Portfolio Theory and Risk Management
- Regulation and Financial Reporting
Key information
Duration
- Full-time
- 12 months
Start dates & application deadlines
- Starting
- Apply before
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Language
English
IELTS 6.5
PTE Academic 60
TOEFL® IBT 80
Credits
30 SCH
Delivered
On Campus
Disciplines
Mathematics Statistics Actuarial Science View 912 other Masters in Mathematics in United StatesAcademic requirements
GPA 3
English requirements
IELTS 6.5
PTE Academic 60
TOEFL® IBT 80
Other requirements
General requirements
- Applicants are eligible to apply to the program if they have earned a bachelor's degree (or equivalent) or master's degree from a regionally accredited college or university in a related field such as mathematics, statistics, business, economics and predictive analytics.
- Applicants must have a minimum of a 3.00 cumulative GPA.
All applicants must submit:
- graduate admission application and application fee
- official transcripts
- letter of intent or written statement
- GRE scores
- two letters of recommendation
- professional resume
- proof of English proficiency
Tuition Fee
To alway see correct tuition fees
-
International
25200 USD/yearTuition FeeBased on the tuition of 25200 USD per year during 12 months. -
National
23544 USD/yearTuition FeeBased on the tuition of 23544 USD per year during 12 months. -
In-State
11720 USD/yearTuition FeeBased on the tuition of 11720 USD per year during 12 months.
Living costs for Tempe Junction
900 - 1350 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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