Actuarial and Statistical Analysis

Rutgers University

12 months
1256 USD/credit
1256 USD/credit
1015 USD/credit
Tuition fee
Apply date
Start date


The objective of the Master of Business and Science with a concentration in Actuarial and Statistical Analysis concentration from Rutgers University is to educate students about the field of actuarial and statistical analysis and the financial impact of risk and uncertainty.


This Actuarial and Statistical Analysis concentration from Rutgers University will teach students how to provide assessments of financial security systems with a focus on their complexity, their mathematics, and their mechanisms. Students will learn how to evaluate the likelihood of events and quantify contingent outcomes to minimize losses, both emotional and financial, associated with undesirable events. Electives can be taken in risk management, financial computing, quantitative finance and financial mathematics. 


Students with an MBS in Actuarial and Statistical Analysis can work as accountants, actuaries for insurance companies, risk managers, as well as financial analysts.

Programme Structure

Courses included:

  • Probability
  • Basic Probability
  • Introduction to Methods and Theory of Probability
  • Probability and Actuarial Mathematics
  • Introduction to Financial Mathematics
  • Life Data Analysis
  • Actuarial Models
  • Regression Analysis
  • Statistical Models
  • Applied Time Series Analysis
  • Forecasting and Time Series Analysis
  • Time Series & Forecasting

Key information


  • Full-time
    • 12 months

Start dates & application deadlines




43 alternative credits


On Campus, Online

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).

Other requirements

General requirements

  • A bachelors degree with a science/math/engr major from an accredited university, and a GPA of 3.0 or higher. See the individual concentration pages for the requirements.
  • Official Transcripts (Scanned copies WILL NOT be accepted. Transcripts must be sealed and sent to the graduate admissions office at the time of applying. *All international students MUST have their entire transcripts translated and evaluated by WES (other accredited companies may be used - no exceptions on evaluations.)
  • GRE exam
  • 2 letters of recommendation
  • Personal statement.
  • Resume

Tuition Fee

  • International

    1256 USD/credit
    Tuition Fee
    Based on the original amount of 1256 USD per credit and a duration of 12 months.
  • National

    1256 USD/credit
    Tuition Fee
    Based on the original amount of 1256 USD per credit and a duration of 12 months.
  • In-State

    1015 USD/credit
    Tuition Fee
    Based on the original amount of 1015 USD per credit and a duration of 12 months.

$900/credit for online students (in-state or out-of-state)


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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Actuarial and Statistical Analysis
Rutgers University