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Actuarial Science MS

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 graduate program is housed in the Department of Risk, Actuarial Science and Legal Studies which is designated as both a Center of Actuarial Excellence and a Global Center of Insurance Excellence. We participate in the Society of Actuaries University Earned Credit program allowing you to earn credit for all eligible actuarial exams directly through your coursework. State-of-the-art curriculum combining technical skills and industry knowledge 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.

Courses taught by dedicated full-time and research-active faculty with actuarial credentials who 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 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 or on a part-time basis. Classes take place at Temple's Main Campus, providing students access to the benefits of city life and connections to leading organizations. Courses offered in this program may include the following.

  • Actuarial Analytics
  • Long-term and Short-term Actuarial Modeling
  • Managing Human Capital Risk
  • Managing Property and Liability Risk
  • Theory of Interest

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 2025–2026 academic year.

Pennsylvania resident: $1,165.00 per credit
Out-of-state: $1,165.00 per credit

View the full cost of attendance breakdown on the Student Financial Services website.

Program Contact

Jean Akingeneye is the assistant director of Graduate Admissions.
Phone: 215-204-1701
Email:

Student Clubs & Organizations

Joining student clubs and organizations is a great way to meet like-minded students; connect with local, national and international businesses; and enhance the skills you use in your professional career. The Fox School of Business offers more than 30 student professional organizations. Enhance your academic experience by participating in a club related to your interests.

The following clubs and organizations are available to students in the Fox School of Business.

  • Sigma Chapter of Gamma Iota Sigma is an award-winning professional student organization that seeks to encourage, establish and enhance the professionalism of students in the actuarial science program.
  • The Fox Graduate Student Association connects students and alumni with the greater Fox community, providing professional development, networking and volunteer opportunities for graduate students.
  • The mission of Fox Net Impact is to grow and strengthen a network of leaders who use the power of business to make a positive economic, environmental and social impact. It brings together students seeking to network and to use the power of business to create a better world.
  • The International Business Association brings together students from all over the world to learn about foreign business and the global economy, and offers an array of professional development opportunities.
  • Toastmasters, or the Fox Professional Speakers organization, invites students to practice their communication, presentation and leadership skills in a supportive and positive environment.
  • Those with dreams of starting their own business may be interested in the Entrepreneurial Students Association, which aims to support, inspire and encourage students to pursue their entrepreneurial goals. The association is open to students of all majors.

See a full list of students clubs and organizations.

Accreditation

The Fox School of Business is accredited by the Association to Advance Collegiate Schools of Business (AACSB). The school has maintained AACSB accreditation since 1934.

Additional Program Information