Master’s Degrees in Actuarial Science
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Education Levels of Actuarial Science Majors
During the 2020-2021 academic year, 429 students earned their master's degree in actuarial science. This earns it the #35 spot on the list of the most popular master's degree programs in the nation.
The following table shows the number of diplomas awarded in actuarial science at each degree level.
| Education Level | Number of Grads |
|---|---|
| Bachelor’s Degree | 1,632 |
| Master’s Degree | 429 |
| Basic Certificate | 111 |
| Graduate Certificate | 26 |
| Undergraduate Certificate | 8 |
Earnings of Actuarial Science Majors With Master’s Degrees
At this time, we do not have the data to estimate the median earnings for this class of people.
Student Debt
We do not have the data to calculate the median and range of debt loads for actuarial science students who are master's degree holders.
Student Diversity
More men than women pursue master's degrees in actuarial science. About 59.2% of graduates in this field are male.
| Gender | Number of Grads |
|---|---|
| Men | 254 |
| Women | 175 |
The racial-ethnic distribution of actuarial science master’s degree students is as follows:
| Race/Ethnicity | Number of Grads |
|---|---|
| Asian | 37 |
| Black or African American | 5 |
| Hispanic or Latino | 8 |
| White | 41 |
| International Students | 323 |
| Other Races/Ethnicities | 15 |
Most Popular Actuarial Science Programs for Master’s Degrees
There are 28 colleges that offer a master’s degree in actuarial science. Learn more about the most popular 20 below:
Carnegie Mellon University tops the list of the most popular school in the U.S. for actuarial science majors who are seeking their master's degree. Roughly 13,500 attend the school each year. The average in-state tuition for full-time undergraduates is $57,560 per year, while in-state graduate students, on average, pay $46,441 per year. The actuarial science program at Carnegie Mellon University awarded 86 master's degrees during the 2020-2021 school year. Around 6% of these students were from an underrepresented racial-ethnic group, and 33% were women.
The 2nd most popular school in the country for actuarial science majors who are seeking their master's degree is University of California - Los Angeles. Each year, around 44,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. For the 2020-2021 academic year, 73 master's degrees were handed out to actuarial science majors at UCLA. Around 10% of these students were from an underrepresented racial-ethnic group, and 36% were women.
The 3rd most popular school in the country for actuarial science majors who are seeking their master's degree is Drexel University. Each year, around 23,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $54,766 per year, while in-state graduate students, on average, pay $36,234 per year. During the 2020-2021 academic year, 58 people received their master's degree in actuarial science from Drexel. Of these students, 43% were women and 9% were members of underrepresented racial-ethnic groups.
Columbia University in the City of New York comes in at #4 on our list of the most popular colleges offering master's degrees in actuarial science. Each year, around 30,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $59,450 per year, while in-state graduate students, on average, pay $50,496 per year. The actuarial science program at Columbia University in the City of New York awarded 47 master's degrees during the 2020-2021 school year. Around 15% of these students were from an underrepresented racial-ethnic group, and 51% were women.
The 5th most popular school in the country for actuarial science majors who are seeking their master's degree is Boston University. Each year, around 32,700 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $58,560 per year, while in-state graduate students, on average, pay $58,560 per year. The actuarial science program at Boston University awarded 29 master's degrees during the 2020-2021 school year. Around 3% of these students were from an underrepresented racial-ethnic group, and 34% were women.
Georgia State University is the 6th most popular school in the nation for students seeking a master's degree in actuarial science. Roughly 36,300 attend the school each year. The average in-state tuition for full-time undergraduates is $7,158 per year, while in-state graduate students, on average, pay $7,164 per year. For the 2020-2021 academic year, 20 master's degrees were handed out to actuarial science majors at Georgia State. Around 10% of these students were from an underrepresented racial-ethnic group, and 50% were women.
The 7th most popular school in the country for actuarial science majors who are seeking their master's degree is University of California - Santa Barbara. Roughly 26,100 attend the school each year. The average in-state tuition for full-time undergraduates is $11,442 per year, while in-state graduate students, on average, pay $11,442 per year. The actuarial science program at University of California - Santa Barbara awarded 17 master's degrees during the 2020-2021 school year. Around 53% of these students were from an underrepresented racial-ethnic group, and 53% were women.
The 7th most popular school in the country for actuarial science majors who are seeking their master's degree is University of Illinois at Urbana-Champaign. Roughly 52,600 attend the school each year. The average in-state tuition for full-time undergraduates is $14,446 per year, while in-state graduate students, on average, pay $14,635 per year. The actuarial science program at University of Illinois at Urbana-Champaign awarded 17 master's degrees during the 2020-2021 school year. Of these students, 53% were women and 6% were members of underrepresented racial-ethnic groups.
The 9th most popular school in the country for actuarial science majors who are seeking their master's degree is Ball State University. Each year, around 21,500 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $9,628 per year, while in-state graduate students, on average, pay $9,482 per year. For the 2020-2021 academic year, 14 master's degrees were handed out to actuarial science majors at Ball State. About 50% of this group were women, and 7% were students from an underrepresented racial-ethnic group.
St John's University - New York comes in at #10 on our list of the most popular colleges offering master's degrees in actuarial science. Roughly 20,100 attend the school each year. The average in-state tuition for full-time undergraduates is $43,962 per year, while in-state graduate students, on average, pay $30,666 per year. For the 2020-2021 academic year, 12 master's degrees were handed out to actuarial science majors at STJ. About 42% of this group were women, and 25% were students from an underrepresented racial-ethnic group.
University of Iowa is the 11th most popular school in the nation for students seeking a master's degree in actuarial science. Each year, around 30,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $8,356 per year, while in-state graduate students, on average, pay $10,432 per year. During the 2020-2021 academic year, 10 people received their master's degree in actuarial science from Iowa. Of these students, 30% were women and 10% were members of underrepresented racial-ethnic groups.
The 12th most popular school in the country for actuarial science majors who are seeking their master's degree is Temple University. Roughly 37,200 attend the school each year. The average in-state tuition for full-time undergraduates is $16,488 per year, while in-state graduate students, on average, pay $17,388 per year. The actuarial science program at Temple University awarded 7 master's degrees during the 2020-2021 school year. About 57% of this group were women, and 14% were students from an underrepresented racial-ethnic group.
The University of Texas at Dallas is the 12th most popular school in the nation for students seeking a master's degree in actuarial science. Each year, around 28,600 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $14,564 per year, while in-state graduate students, on average, pay $15,088 per year. During the 2020-2021 academic year, 7 people received their master's degree in actuarial science from UT Dallas. About 43% of this group were women, and 57% were students from an underrepresented racial-ethnic group.
Arizona State University - Tempe is the 14th most popular school in the nation for students seeking a master's degree in actuarial science. Roughly 74,700 attend the school each year. The average in-state tuition for full-time undergraduates is $10,710 per year, while in-state graduate students, on average, pay $11,720 per year. For the 2020-2021 academic year, 6 master's degrees were handed out to actuarial science majors at ASU - Tempe. Around 33% of these students were from an underrepresented racial-ethnic group, and 50% were women.
The 14th most popular school in the country for actuarial science majors who are seeking their master's degree is Ohio State University - Main Campus. Each year, around 61,300 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $11,018 per year, while in-state graduate students, on average, pay $11,560 per year. The actuarial science program at Ohio State University - Main Campus awarded 6 master's degrees during the 2020-2021 school year.
University of Nebraska - Lincoln is the 16th most popular school in the nation for students seeking a master's degree in actuarial science. Each year, around 25,100 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $7,770 per year, while in-state graduate students, on average, pay $6,138 per year. During the 2020-2021 academic year, 5 people received their master's degree in actuarial science from UNL.
The 17th most popular school in the country for actuarial science majors who are seeking their master's degree is Towson University. Roughly 21,900 attend the school each year. The average in-state tuition for full-time undergraduates is $7,100 per year, while in-state graduate students, on average, pay $8,280 per year. For the 2020-2021 academic year, 4 master's degrees were handed out to actuarial science majors at Towson. Of these students, 50% were women and 25% were members of underrepresented racial-ethnic groups.
Roosevelt University is the 18th most popular school in the nation for students seeking a master's degree in actuarial science. Roughly 4,600 attend the school each year. The average in-state tuition for full-time undergraduates is $31,493 per year, while in-state graduate students, on average, pay $21,275 per year. For the 2020-2021 academic year, 3 master's degrees were handed out to actuarial science majors at Roosevelt. Around 33% of these students were from an underrepresented racial-ethnic group, and 33% were women.
The 18th most popular school in the country for actuarial science majors who are seeking their master's degree is Maryville University of Saint Louis. Each year, around 10,900 students seeking various degrees attend the university. The average in-state tuition for full-time undergraduates is $24,766 per year, while in-state graduate students, on average, pay $14,346 per year. For the 2020-2021 academic year, 3 master's degrees were handed out to actuarial science majors at Maryville U.
Lock Haven University is the 18th most popular school in the nation for students seeking a master's degree in actuarial science. Roughly 3,100 attend the school each year. The average in-state tuition for full-time undergraduates is $7,716 per year, while in-state graduate students, on average, pay $9,288 per year. For the 2020-2021 academic year, 3 master's degrees were handed out to actuarial science majors at LHU. Of these students, 33% were women and 67% were members of underrepresented racial-ethnic groups.
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Related Majors
Below are some popular majors that are similar to actuarial science that offer master’s degrees.
| Major | Annual Degrees Awarded |
|---|---|
| Management Science | 15,708 |
| Other Management Sciences & Methods | 10,204 |
| Business Statistics | 2,958 |
References
*The racial-ethnic minority student count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the percentage of racial-ethnic minorities.
- College Factual
- National Center for Education Statistics
- O*NET Online
- Bureau of Labor Statistics
- Image Credit: By в±® under License
More about our data sources and methodologies.
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