Actuarial Science, M.S.


Learn more about the Master of Science in Actuarial Science.

About the Program

The Fox School of Business and Management has a longstanding tradition of preparing our students with the power to lead within the world of business. Actuaries specialize in the evaluation of insurance and financial risks and distinguish themselves through a combination of analytical skills, business acumen, and professionalism. Temple’s Actuarial Science M.S. program prepares students for a successful career in the field through its rigorous coursework and exceptional opportunities for professional development. Our curriculum covers multiple professional actuarial exams and can be tailored to students’ interests and background. We are recognized as a Center of Actuarial Excellence (CAE) by the Society of Actuaries and as a Global Center of Insurance Excellence (GCIE) by the International Insurance Society.

Time Limit for Degree Completion: 6 years

Campus Location: Main

Full-Time/Part-Time Status: The degree program can be completed on a full- or part-time basis.

Affiliation(s): Research interests of Fox faculty are supported by numerous centers and institutes throughout the Fox School and Temple University.

Accreditation: The M.S. in Actuarial Science is accredited by the Association to Advance Collegiate Schools of Business (AACSB International).

Job Prospects: The Fox Center for Student Professional Development (CSPD) provides students with career coaching and professional development resources that support the job search. Actuaries hold positions of responsibility with consulting firms, government insurance programs, government regulatory organizations, insurance companies, and investment banks.

Non-Matriculated Student Policy: This program requires the student to be matriculated in the degree program.

Financing Opportunities: Citizens and permanent residents of the United States are considered domestic students and are typically eligible for federal student loans and alternative loans through private lenders. The Fox School grants 5% tuition scholarships to alumni who are admitted to the program. The program also offers merit- and need-based scholarships to eligible admitted students. 

Admission Requirements and Deadlines

Application Deadline:


  • December 15 – Early Admissions Deadline
  • March 1 – Scholarship Deadline and International Deadline
  • June 30 – Final Deadline


  • August 1 – Scholarship Deadline and International Deadline
  • November 1 – Final Deadline

Applications are reviewed as they are received and will be considered after the deadline on a space-available basis.

APPLY ONLINE to this Fox 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.

Bachelor's Degree in Discipline/Related Discipline: The equivalent of a four-year U.S. baccalaureate degree from an accredited university or college is required. For three-year degrees, mark sheets must be evaluated by WES or another NACES organization.

Statement of Goals: Essay prompts can be found in the online application portal. 

Standardized Test Scores:
GRE/GMAT: Required. Scores for the GRE typically fall within the following percentile ranges: 50 to 99 Verbal; 80 to 99 Quantitative. Exam P may be accepted in place of GMAT/GRE.

Applicants who earned their baccalaureate degree from an institution where the language of instruction was other than English, with the exception of those who subsequently earned a master’s degree in a country where the language of instruction is English, must report scores for a standardized test of English that meet these minimums:

  • TOEFL iBT: 90
  • IELTS Academic: 7.0
  • Duolingo: 110
  • PTE Academic: 68

Resume: Current resume or CV 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.

Program Requirements

General Program Requirements:
Number of Credits Required Beyond the Baccalaureate: 30

Required Courses:

Core Courses 1
AS 5101Theory of Interest3
AS 5102Actuarial Modeling I3
AS 5104Actuarial Modeling III3
AS 5107Advanced Theory of Interest3
AS 5108Actuarial Analytics3
BA 5687MS Advanced Professional Development Strategies0
RMI 5101Managing Human Capital Risk3
RMI 5104Managing Property and Liability Risk3
Electives 29
Select three from the following:
Accounting for Managerial and Investment Analysis and Planning
Actuarial Modeling II
Actuarial Economics
Corporate Finance for Actuarial Science
Independent Study 3
Microeconomic Analysis
Macroeconomic Analysis
Econometrics I
Time Series Econometrics
Panel Data Econometrics
Health Systems Organization and Development
Financial Management of Healthcare Organizations
Marketing Management/Strategy
Managing Risk
Retirement Plans
Managing International Risk
Visualization: The Art of Numbers and the Psychology of Persuasion
Statistical Learning and Data Mining
Advanced Business Analytics
Stochastic Processes
Applied Multivariate Analysis I
Survival Analysis I
Nonparametric Methods
Total Credit Hours30

Culminating Events: Successful completion of coursework is required to earn the M.S. degree in Actuarial Science.


Program Web Address:

Department Information:

Fox School of Business and Management

1801 Liacouras Walk

701 Alter Hall (006-22)

Philadelphia, PA 19122



Fax: 215-204-1632

Submission Address for Application Materials:

Department Contacts:

Academic Co-Directors:

Thorsten Moenig


Tianxiang Shi


Specialized Master’s Programs Coordinator:

Rachel Carr

Associate Director for Specialized Master’s Programs