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Indiana University Online

Actuarial Science M.S.

Advance your actuarial career and prepare to meet the standards of The Society of Actuaries (SOA) with a Master of Science in Actuarial Science. This flexible master's program further grows your knowledge in mathematics, statistics, and risk prevention so you can pass exams and excel in your career.

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Program quick facts

Course Delivery

100% Online

Total Credits

30

Campuses Hosting

  • East
  • Indianapolis
  • Northwest
  • South Bend

Degree Type

Master of Science

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Degree overview

This top-ranked, fast-paced, and 100% online degree will help you master actuarial sciences. This 30-credit hour degree will prepare you for the four major exams. You can also add an additional course (3 credits) to be fully prepared for all five exams listed below:

  • Fundamentals of Actuarial Mathematics (FAM): MATH-A 605 and MATH-A 606
  • Statistics for Risk Modeling (SRM): MATH-A 600 and MATH-A 601  
  • Advanced Long-Term Actuarial Mathematics (ALTAM): MATH-A 610  
  • Advanced Short-Term Actuarial Mathematics: (ASTAM) MATH-A 611  
  • Predictive Analytics (PA): MATH-A 600 and MATH-A 601  

You'll also benefit from experienced faculty who have relevant experience in the field and partnerships with local and national organizations. You’ll graduate with an Indiana University degree respected by employers worldwide—and you can work on yours anytime and anywhere.

And the benefits start long before graduation. More than half of IU Online students advance in their careers before they complete their degree.

To apply to this program, you must:

  • Hold a bachelor's degree in Actuarial Science or have passed the Society of Actuaries (SOA) exams P (Probability) and FM (Financial Mathematics). (Applicants who graduated from an IU campus are not required to submit a transcript)
  • Have earned a minimum undergraduate GPA of 3.0 on a 4.0 scale
  • Submit a 250-word personal statement (optional) outlining interest in the program.
    • This statement may be used to provide additional context about your background and goals and can help the admissions committee better understand your fit for the program. You may wish to:
      • Discuss your career goals and how they align with the program
      • Highlight relevant work or life experience
      • Address any academic or professional challenges you have overcome

With an M.S. in Actuarial Science, you can advance your current career or find a new one, such as:

  • Actuary
  • Business analyst
  • Business consultant
  • Data analyst
  • Financial planner
  • Investment analyst
  • Market research analyst
  • Personal financial advisor
  • Underwriter

To graduate with the M.S. in Actuarial Science, you must complete a minimum of 30 credit hours.

Core Course (15 credit hours)

  • MATH-A 600 Statistics for Risk Modeling I
  • MATH-A 601 Statistics for Risk Modeling II
  • MATH-A 605 Fundamentals of Long-Term Actuarial Mathematics
  • MATH-A 606 Fundamentals of Short-Term Actuarial Mathematics
  • MATH-A 699 Actuarial Science Capstone

Actuarial Specialization (3 credit hours)

Choose one of the following:

  • MATH-A 610 Advanced Topics in Long-Term Actuarial Mathematics
  • MATH-A 611 Advanced Topics in Short-Term Actuarial Mathematics

Electives (12 credit hours)

Choose four of the following:

  • MATH-M 551 Markets and Asset Pricing
  • MATH-M 585 Life Contingencies
  • STAT-S 550 Time Series Analysis
  • STAT-S 531 Applied Linear Models I
  • STAT-S 532 Applied Linear Models II

 

 Find course descriptions with our Search Schedule of Classes/Courses tool.

Program cost information

Plan your finances

Program cost can vary by campus, resident status, and type of program. Use the resources below to get accurate cost estimates for your specific situation.

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Contact Student Financial Services at iuosfs@iu.edu for cost information.

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