About Master Of Science In Actuarial Science in The University of Texas at Dallas (UT Dallas)
Actuaries are professionals who help businesses to assess the risk of certain events occurring. They assemble and analyze data to estimate the probability and likely cost of the occurrence of an event such as death, sickness, injury, disability or loss of property. The Master of Science in Actuarial Science degree program is administered through the Department of Mathematical Sciences. The objective of the program is to educate future leaders of the actuarial industry with training in actuarial theory and methods in a wide spectrum of actuarial applications involving probabilistic and statistical models.
All students are prepared to take five actuarial preliminary exams. Students who have not taken classes required for Validation of Educational Experience (VEE) credits in statistics, finance and economics will have such an opportunity. Upon acquiring relevant proficiency in mathematics — particularly of probability, statistics, decision theory and financial mathematics — together with knowledge of insurance, passing five actuarial exams and obtaining three VEE credits, the graduates of the program can be expected to be able to work as actuaries in insurance, consulting, finance, government and emerging markets.
Career Opportunities
Graduates of the program seek positions such as: professionals in insurance industry, government, consulting, financial or accounting firms. The job of an actuary consistently appear among the top jobs in the rankings of 200 jobs by CareerCast’s Jobs Rated Almanac based upon factors such as work environment, income, hiring outlook and stress.
Academic qualification equivalents
- Applicants must have a bachelor’s degree
English language requirements
The University of Texas at Dallas (UT Dallas) Highlights
| Establishment Year |
1969 |
| University Type |
Public |
| Location |
Richardson, Texas |
| Campus Setting |
Urban |
| Mode of Program |
Full-time/ Part-time |
| Total Enrollment |
29,543 |
| Student-faculty ratio |
25:1 |
| Acceptance Rate |
79% |
| Retention Rate |
89% |
| Graduation Rate |
70% |
| Work-study program |
Available |
| Financial Aid |
Scholarships, loans, work-study |
University of Texas at Dallas Cost of Attendance
The University is responsible for eight schools, each with a different tuition cost system. The following is an estimate of the School of Arts, Technology, and Emerging Communication's annual fee structure:
| Expenditure |
Cost/semester |
| Tuition Fee |
6,720 USD |
| Supplemental Fee |
600 USD |
| Room and Board Fee |
3,900 USD |
| Total |
11,220 USD |
University of Texas at Dallas Financial Aid for International Students
More than 5 scholarship programs (each consisting of more than 10 grants) are conducted each year by the University. The scholarships are offered to international students to afford their study in the USA. The Academic Excellence Scholarship (AES) committee organizes the scholarship programs each year. A total of 5 scholarship programs are managed by the University for undergraduates as well as graduates, which include:
- Academic Excellence Scholarship Program
- Eugene McDermott Scholars Program
- National Merit Scholars program
- Terry Foundation Scholarship
- Diversity Scholars Program
Following types of scholarships are awarded based on National Merit criteria set by the University:
- Cash Stipend per semester: 4000 USD
- Housing Stipend per semester: 1500 USD
- One-time Award: 6000 USD
