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 Master’s of Science in Actuarial Science program offered by the School of Risk Management of the Tobin College of Business at St John’s University 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 of the School of Risk Management, Insurance and Actuarial Science provides a unique advantage to its students – the proximity to the world’s financial center. Many students work as paid interns during the academic year and summer, and enjoy interaction with risk 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 School of Risk Management students with internships and career opportunities in the dynamic fields of insurance and risk management. 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.
Admission to the program is competitive. Students need a competitive score on the GMAT or GRE (international students also need a competitive score on TOEFL), an undergraduate degree from an accredited institution, and two letters of recommendation.
Two semesters of college-level calculus and one semester of probability are required. Priority is given to students who have passed the Society of Actuaries’ Exam P (Probability) or its equivalent.
In addition to the application form and non-refundable application fee candidates should submit the following:
- Official transcripts from all undergraduate, graduate and professional schools attended
- Official Graduate Management Admission test (GMAT) scores, taken within the last five years*
- Typewritten statement of professional goals
- Current resume
- 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
*Students applying to the M.S. in Management of Risk, M.S. in Enterprise Risk Management, M.S. in Investment Management and M.S. in Actuarial Science programs may submit the official results from either the GMAT or the GRE. The GRE is not accepted for admission to any other graduate program within the Tobin College of Business.
For additional information, please contact:
The Peter J. Tobin College of Business
Office of Graduate Admission
8000 Utopia Parkway
111C Bent Hall
Queens, NY 11439