Applications will be reviewed as they are received and may be considered after the deadline on a case-by-case basis.
The Fox School of Business utilizes an online application process. Complete your application at your own pace through our Application Portal. Because we have a rolling admissions process, we encourage you to apply as early as possible while space is available in the program. If you have any questions about using the Application Portal, please contact an admissions representative for more details.
- Completed application. Applications may be completed through our online Application Portal.
- Current professional resume.
- Nonrefundable $60 USD application fee, payable by credit card as part of the online application process.
- Transcripts from every credit-bearing post-secondary academic institution attended. Unofficial transcripts will be accepted during the application review process; sealed and certified official transcripts or mark sheets in English will be required upon admission and enrollment. Electronic transcripts submitted directly from the institution to our admissions office are considered sealed and certified. International applicants: see details about international transcript requirements.
- Graduate Management Admission Test (GMAT) or the Graduate Record Examinations (GRE) General Test scores, taken within the last five years. Official test scores from the test provider will need to be submitted upon admission and enrollment. Note: Test is waived for students that pass Actuarial Exam P
- Test of English as a Foreign Language (TOEFL) scores for non-native English speakers, unless degree is from an English language university located in a native English language country. See more information here.
- Two letters of recommendation. Contact information for references may be submitted through the online Application Portal; references may then complete our electronic form or upload their own letters of recommendation.
- Required essay: View topics within the online Application Portal.
The application criteria for specialized Masters’ programs at the Fox School of Business apply. However, applicants who have passed actuarial Exam P do not need to provide GRE test scores.
Due to the mathematical nature and fast pace of many of our courses, we pay particular attention to the applicant’s quantitative background. This must include multivariable calculus and probability (both discrete and continuous).
Other skills and background will likely prove advantageous during the program and/or internships, such as statistics, programming, familiarity with Microsoft Excel, knowledge of the insurance industry and actuarial work, etc. While these are not necessary prerequisites for admission into the program, students are expected to acquire or refresh these skills as needed. Useful resources include Lynda.com (as a Temple student you can get a free subscription), Udemy, Khan Academy, and YouTube, among others.
To gain the necessary background on the insurance industry, MS/AcSci students are allowed to informally audit a section of the undergraduate “Introduction to Risk Management and Insurance” (RMI 2101) course in their first semester (with permission of instructor).
For additional information on actuarial exam tracks and work environment, consider the following resources:
- Be An Actuary, a website with useful general information about becoming an actuary. (Note: some information might be outdated, e.g. actuarial exams.)
- Become a member of Student Central, where the Casualty Actuarial Society helps students along the path to becoming a P&C actuary.
- SOA exam requirements, reflecting the current requirements for actuarial designations with the Society of Actuaries.
- Introduction to Actuarial Science, a free online course from Australian National University, introducing students to actuarial work and education. The course takes about 20 hours, aims to connect the math you learn in your classes with real-world applications, and includes interviews with practicing actuaries. Highly recommended!