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M.S. Actuarial Science Graduate Student FAQ

  • Do I need a GRE or GMAT score for admission?
  • The GMAT should not be submitted as it does not sufficiently distinguish mathematical strength. The general GRE (not the subject test) is strongly recommended. Most of those whom we admit have scored 170 on the quantitative section of the general GRE (800 for GRE taken prior to August 2011). It is difficult to evaluate an application without a GRE score. If you are applying for financial aid you will be at a severe disadvantage if you have not submitted the general GRE score. If you have taken any GRE subject tests send those scores, but subject tests are not required and not usually part of an application.


  • What are the academic requirements for admission?
  • While not an absolute requirement, most of our students have had an undergraduate GPA of 3.5 or better in a highly quantitative/analytic major such as mathematics, statistics, physics, engineering or quantitative economics. At an absolute minimum we expect a strong background in Calculus (3 semesters) and Linear Algebra. Mathematical Probability (or Mathematical Statistics) and Differential Equations are strongly desired, but can be made up if necessary by an otherwise strong applicant. A degree in mathematics is not required. The Graduate School requires a GPA of 3.0 or higher on your transcripts.


  • What are the application deadlines?
  • Check our admission page.


  • I'm an international student. Can I be exempted from the TOEFL?
  • If you have studied 3 years at an English-speaking university and received a degree, you may be eligible for a TOEFL exemption. Contact the Graduate School for details. Most international students whom we admit to this program without a TOEFL exemption have scored a total of 55 or higher on the Reading and Listening sections of the IBT-TOEFL. To receive a teaching assistantship, the language requirement is considerably higher (see extra speaking tests).


  • Is there financial aid for graduate actuarial students?
  • Yes. All our financial aid is in the form of Teaching Assistantships, which include a tuition waiver. In recent years, it has been rare to award a teaching assistantship at the time of admitting an actuarial master's student, but many do obtain a teaching assistantship for one or more semesters after their initial enrollment. In most years we support 6 - 10 actuarial master's students out of about 40 enrolled.


  • What are my chances for admission and financial aid?
  • We cannot estimate your chances without seeing your full application. Decisions are based on academic record, letters of recommendation, and when available, standard test scores. Financial aid is also based on ability to teach in English. International students must pass an English teaching test administered by the International Teaching Assistant Program