Actuarial Science, Master of Science
Actuaries are professionals who use their strong quantitative skills to place a price on risk. Pricing risk allows insurance companies to provide coverage against a variety of loss events, occurrences that can range from a tree falling on a house to a satellite launch failing to a cargo ship sinking. The pricing of risk is also essential for governments to successfully provide social welfare programs and insurance protection against catastrophic risks such as flooding.
The School of Risk Management, Insurance and Actuarial Science (SRM) of the Tobin College of Business at St John’s University is recognized by the Society of Actuaries as a Center of Actuarial Excellence since 2009, is a winner of University Award from the Casualty Actuarial Society, and is a Global Center of Insurance Excellence designated by the International Insurance Society. The Master of Science in Actuarial Science program offered by the School of Risk Management, located on our Manhattan Campus, provides career preparation to students seeking entry into the profession of actuarial science. The curriculum is designed to enhance students’ critical and analytical thinking, as well as prepare them to pass professional examinations required to be a credentialed actuary.
The Manhattan campus provides a unique advantage to its students – the proximity to the world’s financial center. With the School of Risk Management’s extensive network of professional alumni and its involved corporate Board of Overseers, our students have vast networking and career opportunities. Many students work as paid interns during the academic year and summer, and enjoy interaction with actuarial professionals and alumni who visit the campus regularly. The Ellen Thrower Center for Apprenticeship and Career Services, located on the Manhattan campus, prepares and connects actuarial students with internships and full-time jobs through a variety of activities including two actuarial and risk management career fairs per year.
All candidates with strong quantitative skills are encouraged to apply for the MS-ACT program. Two semesters (at least six credit hours) of college-level calculus and one semester (at least three credit hours) of calculus-based probability courses are required. Applicants who have passed the professional exam Probability (Society of Actuaries Exam P/Casualty Actuarial Society Exam 1) will receive scholarships of at least $10,000 each if accepted.The highest level of scholarship, $35,000, can cover 90 percent of the program tuition.
All applicants must possess a baccalaureate degree from an accredited institution or the international equivalent prior to enrollment at the graduate level. In addition the application form and non-refundable application fee candidates should submit the following:
- Statement of professional goals and resume which can be uploaded as part of the application for admission
- Official transcripts from all undergraduate, graduate and professional schools attended. International Applicants to programs in Accounting and Taxation must have a Graduate Admissions evaluation completed by AEQUO
- Official GMAT or GRE scores, taken within the last five years
- Two letters of recommendation, obtained from professional or academic references
- Official TOEFL or IELTS scores are required for applicants whose native language is not English
For additional information, please contact:
The Peter J. Tobin College of Business
Office of Graduate Admission, Suite 114
8000 Utopia Parkway
Queens, NY 11439