Actuarial Science

Overview

Build competency around statistical analysis and financial theory with this master’s degree program, acquiring the knowledge to pass the many professional exams needed to become a credentialed associate or fellow. Develop the business acumen and the quantitative and qualitative skills to elevate your candidacy for positions at organizations including:

• consulting firms,

• government regulatory organizations,

• insurance companies and

• investment banks.

The Actuarial Science Master's program at Temple University is housed in the Department of Risk, Insurance, and Healthcare Management, which is designated as both a Center of Actuarial Excellence and a Global Center of Insurance Excellence. The program introduces and explores the full breadth of core actuarial concepts, including:

• valuation of certain and probabilistic cash flows (including life contingencies, financial derivatives and loss models);

• actuarial modeling techniques;

• insurance pricing and reserving (for both life/health/benefits and P&C insurance);

• data analytics and predictive modeling;

• business acumen, such as corporate finance, economics and accounting; and

• enterprise risk management.

Future Career

Using complex statistical analysis, actuaries measure potential financial risks for an array of organizations, including health insurance, life insurance and property insurance companies. After determining the probability of undesirable events such as financial risk, actuaries recommend methods of avoiding or reducing the impact of those events. The actuarial arm of a company is essential to organizational growth and sustainability in any dynamic industry.