2008 - 2009 Site Archive



Graduate Bulletin

Actuarial Science, M.S.


Admission Requirements and Deadlines
Application Deadline:

Fall: June 1; March 15 international

Spring: September 30; August 1 international

Completed applications are processed throughout the year as they are received. International students who miss the deadline are required to submit to Temple University an evaluation of their transcript by an approved educational evaluation firm.

APPLY ONLINE to this graduate program.

Letters of Reference:

Number Required: 2

From Whom: Letters of recommendation should be obtained from college/university faculty members familiar with academic competence and/or immediate work supervisor.

Coursework Required for Admission Consideration:

Applicants are expected to have earned grades of at least a "B" in each of their college-level calculus (differential, integral, and multivariate) courses. Passage of the first professional examination sponsored by the Society of Actuaries and the Casualty Actuarial Society may be considered a substitute for the college mathematics requirements, subject to department approval.  Prior coursework in mathematical probability and statistics is strongly recommended, although students may be admitted without this background with the understanding that they must include these courses in their first two semesters of graduate work.

Bachelor's Degree in Discipline/Related Discipline:

A baccalaureate degree is required.

Statement of Goals:

Applicants for the M.S. program are expected to submit a Statement of Goals that describes the applicant's future goals in specific terms and how the M.S. will assist the applicant in achieving those goals.

Standardized Test Scores:

The GRE/GMAT is required. Applicants for the program must submit scores from either the general Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). For success, the percentiles on the verbal and quantitative components of the GRE typically fall within the following percentile ranges: 50 to 99 Verbal; 80 to 99 Quantitative. Passage of the first professional actuarial examination can be used to offset a marginal quantitative percentile score.

Minimum TOEFL score needed to be accepted: 550 paper-based, 213 computer-based, or 79 internet-based.


A resume is required.

Transfer Credit:

Upper-level graduate credits from an accredited graduate business program may be transferred into the M.S. program. The credits must be part of the required degree program at Temple University. To be transferred, the grade must be a "B" or better. The Admissions Committee makes recommendations for transferring credits to the Chair of the Department. The maximum number of credits a student may transfer is 6.

Test Waivers:

Passage of the first professional examination sponsored by the Society of Actuaries and the Casualty Actuarial Society may be considered a substitute for the college mathematics requirements, subject to department approval.

Program Requirements
General Program Requirements:

Number of Didactic Credits Required Beyond the Baccalaureate: 30

Required Courses:
ACT SCI 5101:  Theory of Interest

ACT SCI 5102:  Actuarial Modeling I

ACT SCI 5103:  Actuarial Modeling II

ACT SCI 5104:  Actuarial Modeling III

ACT SCI 5182:  Actuarial Economics

FIN 5001:  Financial Analysis and Strategy

FIN 5108:  Derivatives

MATH 5000:  Special Topics in Math

STAT 8109: Regression, Time Series, and Forecasting for Business Applications

One 3-credit Business Elective

Internship: No internship is required.

Language Examination: No language examination is required.

Culminating Events:


Program Contact Information:


Department Information:

Fox School of Business and Management
1515 Market Street, Suite 400
Philadelphia, PA 19102


Department Contacts:


Natale Butto

Director of Graduate Admissions

Program Coordinator:

Hua Chen, Ph.D.

Graduate Chairperson:


About the Program

The Fox School of Business and Management offers M.S. programs through which students acquire in-depth knowledge of one business discipline. These programs are ideally suited for the business professional who wishes to develop advanced mastery of one business specialization. Our approach to graduate education helps develop practical expertise through case analyses and presentations, interaction with business practitioners, and team projects. The Fox School prepares students to step immediately into key management roles in highly specialized fields. The Fox School is the region's second largest business graduate school with over 1,300 students studying in 35 graduate business areas of concentration.

Time Limit for Degree Completion: 6 years

Campus Location:


Full-Time/Part-Time Status:

Students are required to complete the degree program through classes offered before and after 4:30 p.m. Students are also able to complete the degree program on a part-time basis (8 credit hours or less per semester).

Department Information:

Fox School of Business and Management
1515 Market Street, Suite 400
Philadelphia, PA 19122


Interdisciplinary Study:

Coursework in Mathematics and Statistics is required.


Research is supported by the Fox School of Business and Management's Center for e-Marketing, Ethics Resource Center, eBusiness Institute, Institute for Entrepreneurship and Innovation, Institute for Financial Services, Institute of Global Management Studies, Institute for Healthcare Management, Safeguard Scientifics Center for Economic Education, and Small Business Development Center. Research interests of the Fox School faculty are also supported by numerous centers and institutes throughout Temple University.

Study Abroad:





All Fox School of Business and Management graduate business programs are accredited by AACSB -- The International Association for Management Education.

Areas of Specialization:

To gain mastery, students complete a minimum of ten advanced level courses (5000 level or above) beyond either the prerequisites or foundation curricula.

Job Placement:

Graduates of the Fox School's Actuarial Science M.S. program obtain jobs in government, the insurance industry, and consulting.


Not applicable.

Non-Degree Student Policy:

Students with an undergraduate GPA of 3.0 or above may take classes on a non-matriculated status. Non-matriculated students can take a maximum of 9 credits. Any additional courses require the student to be matriculated in a program.

Financing Opportunities

The Fox School has a limited number of graduate externships for assignments in academic and administrative departments. Work assignments are generally administrative in nature and may include word and data processing. An extern provides up to 20 hours of service per week. Students are required to submit applications directly to the department in which they wish to be appointed.

Updated 4.1.09