Graduate Bulletin

Actuarial Science, M.S.

FOX SCHOOL OF BUSINESS AND MANAGEMENT

 

Admission Requirements and Deadlines
Application Deadline:

Fall:

  • December 10 - Early Decision
  • March 1 - International Application Deadline
  • May 31 - Domestic Application Deadline
  • June 30 - Late Deadline

Spring: October 30

Applications are processed as they are received throughout the year.

APPLY ONLINE to this graduate program.

Letters of Reference:

Number Required: 2

From Whom: Professional references from an immediate supervisor, current or past, are preferred. Academic references are acceptable.

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 their 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. Scores 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: 100 iBT or 600 PBT. Applicants may substitute the IELTS for the TOEFL with a comparable minimum score of 7.5.

Resume:

A resume is required.

Transfer Credit:

Upper-level graduate credits from an AACSB-accredited graduate business program, but not previously applied to a conferred degree, 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 department chair. 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:

AS 5101:  Theory of Interest

AS 5102:  Actuarial Modeling I

AS 5103:  Actuarial Modeling II

AS 5104:  Actuarial Modeling III

AS 5105:  Actuarial Economics

AS 5106:  Actuarial Corporate Finance

AS 5107:  Advanced Theory of Interest

RMI 5101:  Life and Health Insurance and Employee Benefits

RMI 5104:  Property and Liability Insurance

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

Internship: No internship is required.

Language Examination: No language examination is required.

Culminating Events:

There are no culminating events.

Contacts
Program Contact Information:

www.fox.temple.edu/actsci

Department Information:

Fox School of Business and Management

1801 Liacouras Walk

701 Alter Hall (006-22)

Philadelphia, PA 19122

foxinfo@temple.edu

215-204-5890

215-204-7678

215-204-1632 (fax)

Department Contacts:

Academic Director:

Hua Chen, Ph.D.

Assistant Professor and Director, M.S. Program in Actuarial Science

hchen@temple.edu
215-204-5905

Specialized Master’s Programs Coordinator:

Jason Gasper-Hulvat

Associate Director for Specialized Master’s Programs

jasongh@temple.edu

215-204-8732

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:

Main

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

1801 Liacouras Walk

701 Alter Hall (006-22)

Philadelphia, PA 19122

foxinfo@temple.edu

215-204-5890

215-204-7678

215-204-1632 (fax)

Interdisciplinary Study:

Coursework in Mathematics and Statistics is required.

Affiliation(s):

Research is supported by the Fox School of Business and Management's Advanta Center for Research in Financial Institutions, the Biostatistics Research Center, the Center for Competitive Government, the Center for Healthcare Research and Management, the Center for Neural Decision Making, the Irwin L. Gross eBusiness Institute, the Innovation and Entrepreneurship Institute, the Institute of Global Management Studies, and the Small Business Development Center. Research interests of the Fox School faculty are also supported by numerous centers and institutes throughout Temple University. The Accounting Department faculty conduct research in earnings manipulation, executive compensation, financial statement disorders, pension accounting, and SEC regulation of accounting.

Ranking:

The Fox School of Business and Management is highly ranked. Current ranking information may be viewed at the following website:

http://www.fox.temple.edu/ranking/.

Accreditation:

All Fox School of Business and Management graduate business programs are accredited by the Association to Advance Collegiate Schools of Business International (AACSB International), the 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.

Non-Matriculated Student Policy:

Students with an undergraduate GPA of 3.0 or higher may be allowed to take classes under non-matriculated status. Non-matriculated students may take a maximum of 9 credit hours. Any additional courses require the student to be matriculated in a program.

Financing Opportunities

The Fox School of Business and Management 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 11.1.12