Master of Science in Actuarial Science

Prepare for a career analyzing and evaluating financial risk with the Master of Science in Actuarial Science in the Fox School of Business at Temple University. 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.

This Master's program 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.

The Actuarial Science MS can be completed full time or part time on Temple’s Main Campus in Philadelphia. Faculty members within the master’s program maintain close relationships with leaders in Philadelphia’s robust insurance and actuarial communities. Weekly campus visits from these professionals present invaluable networking and career development opportunities for master’s students, often leading to internships or full-time work.

Careers

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. Learn more about actuarial science as a career path.

Discover career and internship opportunities for Fox Actuarial Science MS students.

A Fox professor aids two students in understanding a concept.

Who should apply?

Current and prospective Temple students most qualified to pursue a Master of Science in Actuarial Science typically hold a bachelor’s degree in the following areas.

  • Economics
  • Engineering
  • English
  • Finance
  • Mathematics
  • Natural sciences
  • Risk management and insurance
  • Statistical science and data analysis

A strong mathematics background (including multivariable calculus and probability) is essential for academic success in this program. Other skills and knowledge that can provide value for an actuarial career include

  • business acumen,
  • communication and interpersonal skills,
  • industry knowledge and
  • statistics.

Classes & Curriculum

The Master of Science in Actuarial Science is a 30-credit program that can be completed in three to four semesters of full-time studies. Courses offered in this program include the following.

  • Theory of Interest
  • Actuarial Modeling I, II, III (life contingencies and loss modeling)
  • Actuarial Analytics
  • Advanced Theory of Interest (derivative valuation)
  • Managing Human Capital Risk
  • The Role of Property and Casualty Insurance Sector in Enterprise Risk Management.

Learn more about Actuarial Science MS courses.

Related Graduate Degrees

Tuition & Fees

In keeping with Temple’s commitment to access and affordability, this Master of Science offers a competitive level of tuition with multiple opportunities for financial support.

Tuition rates are set annually by the university and are affected by multiple factors, including program degree level (undergraduate or graduate), course load (full- or part-time), in-state or out-of-state residency, and more. These tuition costs apply to the 2018–2019 academic year.

Pennsylvania resident: $1,114.00 per credit
Out-of-state: $1,114.00 per credit

Learn more about our tuition and fees.

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Additional Program Information