M.S Actuarial Science at Arizona State University [ASU], Tempe Fees, Entry Requirement & Application Deadline

Master of Science [M.S] [Actuarial Science] From Arizona State University

Tempe, ArizonaLocation
UniversitySchool type
Estd1885established year
51164enrollment
Public
Partner [20 Courses]
7.6/10

Master of Science [M.S] (Actuarial Science)

2 years
Full Time
On Campus

₹21.9 L/Yr

$26,460 /Yr
  • The MS program in actuarial science emphasizes broad awareness and appreciation of current issues faced by insurance industry practitioners as well as innovative resolutions provided by actuaries.
  • Students advance their knowledge base by applying mathematical and statistical concepts and data analytics to the disciplines of risk management, finance and insurance.
  • It also includes a new focused set of professional learning outcomes aligned with the needs of the ever-evolving insurance industry, while keeping the core technical learning outcomes in place.
  • These guide students' development of professional competencies through coursework, independent projects and opportunities outside of the classroom, while remaining firmly based on a strong foundation of scholarly technical work in actuarial science.

Tuition Fees

Year1st Year Fees
Tuition Fees₹2193269 (USD 26460)

Other Expenses

HeadAvg Cost Per Year
Housing₹701249 (USD 8460)
Food₹277516 (USD 3348)
Transportation₹263590 (USD 3180)
Personal Expenses₹300725 (USD 3628)
Health Insurance₹225875 (USD 2725)
Compulsory Fees₹74601 (USD 900)
International differential fee₹33156 (USD 400)
Total Cost₹1876712 (USD 22641)

Eligibility & Entry Requirement

Academic Eligibility:

  • Applicants are eligible to apply to the program if students have earned a bachelor's or master's degree from a regionally accredited institution.
  • Applicants must have a minimum cumulative GPA of 3.00 in the last 60 hours of a student's first bachelor's degree program or a minimum cumulative GPA of 3.00 in an applicable master's degree program.

Indian Student Eligibility:

  • The minimum requirements are an overall average of 60% in each year, as well as in all prerequisite subjects.
  • Subjects must include mathematics, chemistry, and physics in Class 11 and 12.
  • GPA of 3.0/4.0 [B Grade].

English Language proficiency:

  • Applicants from India, China, Vietnam, Philippines, and Pakistan should note that IELTS is the only proficiency score accepted by the Study Direct Stream (SDS) program.
  • Meeting the minimum English requirements does not guarantee admission. Students with higher English proficiency scores will receive priority in the admission assessment process.
  • Not all students will qualify for EAP-3106 in place of the required IELTS or TOEFL test scores.

Submission of GRE scores is not compulsory for this program, however, it is recommended to submit a minimum 292 score for a better chance of admission.


Scores Required

88 / 120

Avg. Score in

TOEFL

6.5 / 9

Avg. Score in

IELTS

60 / 90

Avg. Score in

PTE

105 / 160

Avg. Score in

Duolingo

3 / 4

Minimum gpa

GPA


Required Document List

All applicants must submit:

  1. graduate admission application and application fee
  2. official transcripts
  3. letter of intent or written statement
  4. two letters of recommendation
  5. professional resume
  6. proof of English proficiency

Career and Placement after Course

Graduates possess skills that are transferable to any industry and any organization that requires risk modeling and management, including:

  • colleges and universities
  • consulting firms
  • energy, such as utilities, oil and gas
  • environment (on issues such as climate change and the financial impact or risk of extreme events)
  • financial services, such as banking and investment management
  • government agencies such as Social Security, the Department of Labor and Medicare (to manage social programs and to develop regulations and legislation)
  • insurance companies
  • retirement and pensions
  • transportation, such as shipping and air travel

Graduates can also apply the advanced problem-solving skills to a variety of other professional careers, including:

  • analysts
  • business operations specialists
  • consultants
  • teachers

Scholarship Grants & Financial Aids

NameScholarship Per StudentLevel of StudyType
Go Clean ScholarshipScholarship per student₹ 2.9 L/Yr$3,500Level Of StudyBachelorTypeMerit-Based
Ellis R. Ott Scholarship for Applied Statistics and Quality ManagementScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
AAUW International FellowshipsScholarship per studentVariable AmountLevel Of StudyDoctorateTypeMerit-Based
Forktip Women’s- Innovation ScholarshipScholarship per studentVariable AmountLevel Of StudyBachelorTypeCollege-Specific
Gyandhan ScholarshipScholarship per student₹ 1 L/Yr$1,222Level Of StudyMasterTypeMerit-Based
Deutschland Stipendium ProgramScholarship per student₹ 3.6 L/Yr$4,363Level Of StudyBachelorTypeCollege-Specific


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