Program Overview
The Actuarial Science at Ball State University is a MA programme in Mathematics & Statistics over 24 months, delivered On-campus. This programme equips graduates with advanced knowledge and practical skills for professional and academic careers in the field.
Students gain a rigorous grounding in both the theoretical foundations and applied dimensions of mathematics & statistics. The programme combines coursework, research components, and practical projects that develop critical thinking, problem-solving, and specialist expertise relevant to industry and research needs.
Graduates of the Actuarial Science programme are well-prepared for careers in academia, industry, government, and the private sector across United States and internationally. The programme provides an internationally recognised qualification within the Bologna higher education framework.
Key Program Features
- Duration: 24 months
- Language of instruction: English
- Study mode: On-campus
- English requirement: IELTS 6.5
- Tuition: USD 19,404 (Tuition (Year)) — International students; USD 7,092 (Tuition (Year)) — National students
- Location: Muncie, United States, United States
Career Opportunities
Graduates of the Actuarial Science programme are prepared for diverse careers in mathematics & statistics:
- Actuary
- Quantitative Analyst
- Data Analyst
- Risk Manager
- Financial Modeller
- Statistical Researcher
Program Curriculum
Course Structure
- MATH 551 Mathematics of Finance (4)
- MATH 552 Mathematics of Life Contingencies 1 (4)
- MATH 553 Mathematics of Life Contingencies 2 (4)
- MATH 620 Mathematical Theory of Statistics 1 (4)
- MATH 557 Actuarial Models 1 (4)
- MATH 559 Models in Financial Economics (3)
- MATH 692 Actuarial Science Exit Survey (0)
- FIN 500 Corporation Finance (3)
- MATH 528 Regression Time Series Models (3)
- MATH 554 Mathematics of Investments (3)
- MATH 558 Actuarial Models 2 (3)
- MATH 621 Mathematical Theory of Statistics 2 (4)
- MATH 625 Probability Theory and Applications (3)
- MATH 626 Probability and Stochastic Processes (3)
- MATH 627 General Linear Models with Applications (4)
- MATH 628 Computational Methods in Statistics (4)
- MATH 655 Topics in Actuarial Science (1-4)
- MATH 658 Risk Theory (3)
- RMI 570 Risk Management and Insurance (3)
- MATH 659 Research in Actuarial Science (3)
- THES 698 Thesis (1-6)
Admission Requirements
Academic Requirements
You need the following GPA score:
Applicants for graduate programs must have the equivalent of a bachelor\xe2\x80\x99s degree with a minimum GPA equivalent to 3 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
- a bachelor\xc2\x92s degree from an institution that is accredited by its regional accrediting association. Review transcript submitting guidelines before applying.
- either a cumulative baccalaureate grade point average (GPA) of at least 2.75 on a 4.0 scale or a cumulative GPA of at least a 3.0 on a 4.0 scale in the latter half of your baccalaureate
- to meet departmental admissions criteria:
It is also expected that students will have had three semesters of calculus, a course in linear algebra, at least one semester of probability and one semester of statistics.
English Proficiency: IELTS 6.5 or equivalent.
Tuition & Financial Information
Tuition Fee
USD 19,404 (Tuition (Year)) — International students; USD 7,092 (Tuition (Year)) — National students
Tuition fees: USD 19,404 (Tuition (Year)) — International students; USD 7,092 (Tuition (Year)) — National students
IELTS requirement: 6.5
Financial Aid & Scholarships
Contact Ball State University directly for scholarship, grant, and financial aid information for this programme. Many European universities offer merit-based and need-based funding for international and domestic students.
About Ball State University
Ball State University
Muncie, United States
Ball State University is a distinguished institution of higher education committed to academic excellence, innovative research, and preparing students for leadership in their chosen fields. The...
University Profile- Start Date 2017-11-01
- Language English
- Duration 24 months