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Actuarial Sciences M.S.

Middle Tennessee State University
Program overview
36 semester hours
Full time/part time
Master's degree
Scholarships available

Start dates



About this program

Actuarial Sciences M.S.

Actuarial science is a special discipline for training students to apply mathematical skills and statistical techniques to study uncertain future events, especially those of concern to insurance and pension programs. The Actuarial Sciences concentration in the Professional Science major is a relatively new master’s program at MTSU. The program offers training so that students can make practical use of probability theory and statistical analysis for managing risks and solving problems. An internship takes the place of writing a thesis. Actuaries may work for insurance companies, consulting firms, government, employee benefit departments of large corporations, hospitals, banks and investment firms, or, more generally, in businesses that need to manage financial risk. A career as an actuary is better described as a "business" career with a mathematical basis rather than as a "technical" mathematical career. The occupation of actuary has been ranked for many years as one of the best jobs based on a variety of factors.

Admission requirements

  • An earned bachelor’s degree from an accredited university or college
  • Completion of Multivariate Calculus with a grade of C (2.0) or better (MATH 3110 or the equivalent).
  • Completion of a course in Linear Algebra with a grade of C (2.0) or better (MATH 2010 or the equivalent).
  • A Graduate Record Examination (GRE) score of 900 (old) or a combined 286 (new): Verbal 138, Quantitative 148. Miller Analogies Test (MAT) is not accepted.
  • Appropriate undergraduate preparation for advanced study of actuarial sciences.
  • Basic competency in word processing, electronic mail, library retrieval systems, presentation graphics, spreadsheets, and databases

English language proficiency

  • TOEFL iBT: 71
  • TOEFL paper-based: 525
  • IELTS: 6.0
  • ITEP: n/a
  • Also accepted:
    • ELS Level 112 (completed)

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Scholarships available:

  • Grade 1:  $60,000 - full ride 
  • Grade 2: $45,000
  • Grade 3: $26,000
  • Grade 4 : $10,000

*All scholarships are based on a 3.0 GPA

  • Division: NCAA Division I-A (all sports) (8M/9W)
  • Conference: Conference USA
  • Nickname: Blue Raiders
  • Mascot: Lightning
  • Colours: Royal Blue (PMS 300) and White

Mission Statement

The Athletic Program promotes excellence in athletics and provides academic and athletic opportunities for every student-athlete, the university, and the community. Building on tradition, the program advances the university's regional and national stature and creates opportunities for innovative partnerships throughout the region. Middle Tennessee State University continually works to maximise human, financial and physical resources to create and heighten the quality of its sports programs.

Contact information:

  • Chris Massaro 
  • Director of Athletic Recruitment 

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Scholarships & funding

Several scholarship options are available. Please visit the university website for more information.


International students:

  • Tuition: $26,172 US
  • Room and Board: $12,164 US
  • Total fees: $38,336 US

Domestic students:

Please contact the school for more information about tuition fees.

Career paths

A master's degree from MTSU in Professional Science with a concentration in Actuarial Sciences can lead to opportunities for becoming an actuary, a career that is well paying and in high demand. Graduates are well positioned to fill the growing need for individuals with this highly specialized training in the financial services and consulting industries in addition to the traditional insurance and health care industries. Examples of potential positions include

  • Actuarial analyst
  • Actuarial auditing
  • Annuity pricing actuary
  • Chief actuary and vice president
  • Consulting actuary
  • Data analyst
  • Financial actuary
  • General liability actuary
  • Health actuary
  • Investment researcher
  • Investment valuation
  • Life reinsurance pricing
  • Life valuation
  • Model validation financial actuary
  • Mortality valuation
  • Product actuary
  • Risk and hedging
  • Risk management
  • Specialty pricing actuary
  • Underwriting

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About this institute

Middle Tennessee State University

Middle Tennessee State University is a public university in Murfreesboro, Tennessee. Founded in 1911, the university consists of eight undergraduate colleges as well as a college of graduate studies, together offering more than 80 majors/degree programs through more than 35...

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Why study at Middle Tennessee State University

MTSU is recognized for broad, high-quality academic programs, affordable costs and competitive prices, an outstanding teaching faculty, modern infrastructure with new residence halls, academic classrooms, sports facilities, and state of the art facilities, and a welcoming, friendly campus where diversity is appreciated and all students will be valued and respected.

Contact info

Middle Tennessee State University

MTSU Box 120 Peck Hall 208
1301 East Main Street
37132 Murfreesboro Tennessee
United States of America

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