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School of Business
MBA in Risk Management and Insurance
Consistently ranked among the top two or three in the nation, the Wisconsin MBA program in Risk Management and Insurance prepares students for exciting opportunities in risk management consulting, brokerage and insurance leadership positions. Please see the MBA in Risk Management and Insurance site for more details.
Frequently Asked Questions for MS in Actuarial Science Program
-About prerequisites
-About Admission Process
-About Tuition and Financial Aid
-About Courses Offered
What requirements are necessary to apply for MS in actuarial science program?
The minimum admissions requirements for MS in actuarial science program are:
- A bachelor's degree;
- A Graduate Management Admissions Test (GMAT) or Graduate Records Examination (GRE) score;
- A Test of English as a Foreign Language (TOEFL) score for applicants whose native language is not English ;
- Evidence of adequate financial resources for international applicants. See the
Graduate Program Office's Admission Process site for more details.
Do I need to take the subject GRE for Math & Stats?
The subject GRE test in Math is not required for the application although we prefer applicants to have strong background in mathematics and statistics.
What GPA is required for acceptance?
We do not have a minimum requirement for GPA.
My TOEFL has expired. But as I've studied in USA for 2 years as a graduate student, can I waive the TOEFL exam?
For very circumstance-specific questions like this, please visit the Graduate Program Office's Inquiry site.
What are the prerequisite for the graduate program in actuarial science?
Students applying for the master's business program are required to have completed the equivalent one semester of calculus, statistics and macroeconomics. Within actuarial science, we also require applicants to take matrix and linear algebra and two additional calculus courses. All master's students must possess knowledge of word processing, spreadsheet and presentation software.
Can I be admitted without enough prerequisite courses?
Yes, the completion of prerequisites is not a requirement for admission. See the Graduate Program Office's Admission Process site for more details.
Do I need work experience to attend this grad program?
Work experience is encouraged but not required for apply for the MS program in Actuarial Science.
What is the duration of the program, how many years it will take to graduate?
The MS program is usually 1.5 years.
Which term is opened for apply?
We admit MS student only in the fall term.
How and where can I get the necessary materials for application?
Please visit the Graduate Program Office's Inquiry site to request materials or ask question. Moreover, you can go to the Graduate Program Office's Apply site to apply online for our programs.
At which campus is this program offered?
Although University of Wisconsin is a statewide system, each campus offers programs independently of the others. Thus, this program describes only the Madison campus.
When is the deadline for Fall admission?
The deadline for applying for Fall admission is April 15. Please visit the Graduate Program Office's Admission Process site for more details.
When is the deadline of application for international students?
The deadline for international students and the domestic students are the same.
How many students applied for this program last year? How many of them can get admission?
What is the percentage of admission, and what are factors that contribute to an admission?
About tuition and financial aid
How much is the tuition and living expenses?
Please visit the Graduate Program Office's Prospective Students site for current information on tuition and living expenses.
What financial aids are offered by your program?
Applicants may receive merit-based aid in the form of scholarships, fellowships or assistantships in our program. The Actuarial science program is fortunate to have access to a number of well-funded scholarships. Please visit the Graduate Program Office's Financial Aid site for current information on tuition and financial aids. Please visit the Financial Resources portion of the department's web site to see the list of our sponsors.
What classes are offered?
Please visit the Business School's Course Pages in Risk Management and Insurance and Actuarial Science for more information.
What are the degree requirements for MS in actuarial science?
Go to here for more information.
What CAS/SOA exam preparation classes are offered in your program?
Go to here and see the course advice sheet for more information.
I am wondering if you offer any online courses for the actuarial certificates or degrees.
We do not offer online courses for actuarial certificates or degrees