Graduate Bulletin
Actuarial Science, M.S.
FOX SCHOOL OF BUSINESS MANAGEMENT
Admission Requirements and Deadlines
Application Deadline:
Fall: March 15
Spring: September 30
Completed applications are processed throughout the year as they are received. International students who miss the December 15 deadline are required to submit to Temple University an evaluation of their transcript by an approved educational evaluation firm.
Letters of Reference:
Number Required: 2
From Whom: Letters of recommendation should come from college/university faculty members familiar with academic competence and/or immediate work supervisor.
Coursework Required for Admission Consideration:
Applicants are expected to have earned grades of at least a "B" in each of their college-level calculus (differential, integral, and multivariate) courses. Passage of the first professional examination sponsored by the Society of Actuaries and the Casualty Actuarial Society may be considered a substitute for the GRE/GMAT and college mathematics requirements, subject to department approval. Prior course work in mathematical probability and statistics is strongly recommended, although students may be admitted without this background with the understanding that they must include these courses in their first two semesters of graduate work.
Bachelor's Degree in Discipline/Related Discipline:
No.
Statement of Goals:
Applicants for the MS program are expected to submit a Statement of Goals that describes future goals in specific terms. Applicants should avoid use of generalizations or blanket statements. The Statement of Goals should address how the M.S. will assist in achieving the applicant's goals.
Standardized Test Scores:
The GRE/GMAT is required. Applicants for the program must submit scores from either the general Graduate Record Examination (GRE) or the Graduate Management Admission Test (GMAT). For a successful applicant, the percentiles on the verbal and quantitative components of the GRE typically fall within the following percentile ranges: Verbal: 50 to 99 Quantitative: 80 to 99 Passage of the first professional actuarial examination can be used to offset a marginal quantitative percentile score.
Minimum TOEFL score or range of scores needed to be accepted:
230 on the computerized exam or 575 on the paper exam. Students scoring less than 600 on the paper-based TOEFL or 250 on the computer-based TOEFL are required to take the SPEAK test and may be required to take an English course to improve communication skills
Resume:
A resume is required.
Transfer Credit:
Upper level graduate credits from an accredited graduate business program may be transferred into the MS 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 Chair of the Department. The maximum number of credits a student may transfer is 6.
Test Waivers:
Passage of the first professional examination sponsored by the Society of Actuaries and the Casualty Actuarial Society may be considered a substitute for the GRE/GMAT and college mathematics requirements, subject to department approval.
Program Requirements
Campus Location:
Main Campus
Full-Time/Part-Time Status:
Students are required to complete the degree program through classes offered before and after 4:30 p.m.
General Program Requirements:
Number of Didactic Credits Required Beyond the Baccalaureate: 30
Required Courses:
Act. Sci. 501: The Theory of Interest
Act. Sci. 505: Actuarial Modeling I
Act. Sci. 506: Actuarial Modeling II
Act. Sci. 516: Actuarial Modeling III
Act. Sci. 518: Casualty Contingencies
Act. Sci 598: Actuarial Economics
Act. Sci. 599: Actuarial Finance
Math. 471: Probability Models
Stat. 551: Applied Statistics
Internship: No internship is required.
Language Examination: No language examination is required.
Culminating Events:
Comprehensive Examination:
In addition to their coursework, graduate students in Actuarial Science must satisfy a comprehensive examination requirement. This exam is prepared by department faculty, and generally covers the basic probability material necessary for passage of the first professional actuarial exam.
Contacts
Program Contact Information:
www.sbm.temple.edu/~rmidept/msas.htm
Department Information:
Fox School of Business and Management
Speakman Hall LL5
Philadelphia, PA 19122
masters@sbm.temple.edu
215-204-8456
Department Contacts:
Admissions:
Natale Butto
Director of Graduate Admissions
masters@sbm.temple.edu
215-204-8732
Program Coordinator:
Michael R. Powers, Ph.D.
michael.powers@temple.edu
215-204-7293
Graduate Chairperson:
Chairperson:
Robert Bonner, Executive Director
bob.bonner@temple.edu
215-204-7678
About the Program
The Fox School of Business and Management offers M.S. programs through which students acquire in-depth knowledge of one business discipline. These programs are ideally suited for the business professional who wishes to develop advanced mastery of one business specialization. Our approach to graduate education helps develop practical expertise through case analyses and presentations, interaction with business practitioners, and team projects. The Fox School prepares students to step immediately into key management roles in highly specialized fields. The Fox School is the region's second largest business graduate school with over 1,300 students studying in 35 graduate business areas of concentration.
Time Limit for Degree Completion: 6 years
Campus Location:
Main Campus
Students are required to complete the degree program through classes offered before and after 4:30 p.m. Students are able to complete the degree program on a part-time basis (8 credit hours or less per semester).
Department Information:
Fox School of Business and Management
Speakman Hall LL5
Philadelphia, PA 19122
masters@sbm.temple.edu
215-204-8456
Ranking:
The Fox School of Business and Management is currently ranked in the top 75 business schools by Forbes and in the top 50 programs for our Executive M.B.A. The Fox School has also been ranked 14th for technology M.B.A. programs by Computerworld, and holds a specialty ranking of 26th in the nation for healthcare management programs. The Fox School has been recognized for research in numerous departments and is in the top 1% of citings of university research Temple University's department of Risk, Insurance, and Healthcare Management has been ranked 2nd in the nation in faculty research published in insurance-related journals. In addition, our Risk Management and Insurance business program has been ranked 7th nationally by U.S. News and World Report.
Accreditation:
All Fox School of Business and Management
graduate business programs are accredited by
AACSB -- The International Association for
Management Education.
Areas of Specialization:
To gain mastery, students complete a minimum of ten advanced level courses (500 level or above) beyond either the pre-requisites or foundation curricula.
Job Placement:
Graduates of the Fox School's Actuarial Science MS program obtain jobs in: government, the insurance industry, and consulting.
Affiliation(s):
Research is supported by the Fox School of Business and Management's eBusiness Institute, the Institute for Entrepreneurship and Innovation, the Institute of Global Management Studies, the Institute for Healthcare Management, the Center for e-Marketing, the Ethics Resource Center, the Safeguard Scientifics Center for Economic Education, the Institute for Financial Services, and the Small Business Development Center. Research interests of the Fox School faculty are also supported by numerous centers and institutes throughout Temple University.
Interdisciplinary Study:
Coursework in mathematics and statistics is required.
Study Abroad:
No.
Licensure:
Not applicable.
Non-Degree Student Policy:
Students with an undergraduate GPA of 3.0 or above may take classes on a non-matriculated status. Non-matriculated students can take a maximum of nine credit hours. Any additional courses require the student to be matriculated in a program.
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