Master of Science in Actuarial Mathematics & Quantitative Risk

Master of Science in Actuarial Mathematics & Quantitative Risk

Stevens Institute of Technology

Hoboken, New Jersey, USA
Master of Science in Actuarial Mathematics & Quantitative Risk
Duration1.5-2 Years
LevelMasters Program
  • This program is designed to provide a solid academic foundation in the fundamental concepts of actuarial science with an emphasis on mathematical methods and ensuing models to evaluate, manage and control actuarial risk
  • The actuarial mathematics and quantitative risk master’s program introduces insurance strategies and their financial instruments through six core courses and four elective courses
  • Actuarial techniques are developed through kernel courses on actuarial science and seminars by leading scholars from the academic community and senior practitioners from the insurance industry
Fees componentsAmount
Tuition & fees2740201 INR
Hostel & Meals1659618 INR
Insurance155635 INR
General Services Fee82175 INR
Student Activity Fee24902 INR
Miscellaneous expense76902 INR
Books & Supplies73240 INR
Total2072472 INR

Entry Criteria

Class 12thNo specific cutoff mentioned
Bachelors3.0 GPA
  • A bachelor's degree with a minimum GPA of 3.0, from an accredited institution, is required
  • Applicants with an undergraduate degree in mathematics, applied mathematics, or statistics can apply
  • Applicants with a solid mathematical and/or finance background who aspire to thrive in actuarial industries are welcomed
  • Ideal candidates will have a knowledge of linear algebra, probability, and statistics, as well as calculus equivalent to the level of MA 547 Advanced calculus
ExamsTOEFL: 86

IELTS: 7

GRE: Accepted

GMAT: Accepted

Additional info
  • Applicants who meet one or more of the following criteria can petition to waive the proof of English proficiency requirement if, prior to matriculation at Stevens, they will have:
    • Earned a Bachelor's degree from a college/university outside the U.S. that uses English as the language of instruction
    • Completed two years of full-time graduate study at a college/university outside the U.S. that uses English as the language of instruction
    • Earned a master's degree from a college/university outside the U.S. that uses English as the language of instruction
  • Meeting one or more of the above criteria makes applicants eligible to petition to waive the proof of English proficiency requirement waived, but it does not guarantee that they will be granted a waiver
  • Even if a waiver is granted, applicants will still be required to complete the Stevens English Communication Proficiency Exam (ECPE) upon arrival to campus
  • Applicants who petition to waive the proof of English proficiency requirement are responsible for providing proof that English is the language of instruction at the college/university they attended through an official transcript
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