M.S. in Statistics : Actuarial Science

Entry Requirements for Postgraduate Programs

Application Fees : US$ 70

Academic Requirements: Applicants should have completed a bachelor's degree or its equivalent from an accredited institution with a minimum GPA of 60% or higher. 

English Language Proficiency:  

• IELTS (International English Language Testing System):

  • Overall Score: 6.5 or higher.
  • No individual band score less than 6.0.
     

• TOEFL iBT (Test of English as a Foreign Language, Internet-Based Test):

  • Overall Score: 80 or higher.

• Standardized Tests:

  • GRE: A  GRE score of 305 is requied.
  • GMAT: A  GMAT score of 550 is required.

California State University, East Bay (CSUEB), offers a variety of scholarships and financial aid opportunities to international students to help them pursue their academic goals. These scholarships are designed to recognize academic achievement, leadership, and contributions to the university community. 

1. International Student Scholarship: CSUEB offers partial tuition scholarships to international undergraduate and graduate students based on academic merit. These scholarships are competitive and are awarded to students who have demonstrated exceptional academic performance.

2. CSUEB Foundation Scholarships: The CSUEB Foundation offers a range of scholarships to both domestic and international students. These scholarships cover a wide array of academic disciplines and criteria, including leadership, community involvement, and financial need.

3. Graduate Equity Fellowship: The Graduate Equity Fellowship is available to graduate students, including international students, who are from historically disadvantaged backgrounds and demonstrate financial need. It provides financial support to help cover tuition and related expenses.

4. External Scholarships: CSUEB encourages international students to explore external scholarship opportunities, including those offered by government agencies, foundations, and private organizations. These scholarships may be available for specific fields of study or nationalities.

5. Assistantships and Work-Study Programs: While not scholarships in the traditional sense, assistantships and work-study programs provide opportunities for international graduate students to work on campus in research or administrative roles. These positions often come with a stipend and/or tuition remission.

6. Departmental Scholarships: Some academic departments within CSUEB may offer scholarships or grants to international students pursuing degrees in their respective fields. These scholarships can vary in eligibility criteria and award amounts.

The M.S. in Statistics with a specialization in Actuarial Science at California State University, East Bay (CSUEB) is a highly regarded program designed to equip students with the knowledge, skills, and industry-relevant certifications needed to excel in the competitive field of actuarial science. This program combines a strong statistical foundation with actuarial expertise, providing a well-rounded education that prepares graduates for diverse career opportunities.

1. Actuary: Graduates of the M.S. in Statistics - Actuarial Science program are well-positioned to become actuaries. Actuaries play a crucial role in the insurance and finance industries, assessing and managing risk. They use statistical models to analyze data, calculate insurance premiums, and make financial projections. Actuaries are in high demand in insurance companies, consulting firms, and government agencies.

2. Risk Analyst: Risk analysts evaluate and manage financial risks for organizations. They use statistical and mathematical models to assess potential risks and make recommendations for risk mitigation. The strong statistical background provided by this program makes graduates well-suited for roles in risk analysis, particularly in the finance sector.

3. Data Scientist: With the increasing reliance on data-driven decision-making, data scientists are in demand across various industries. Graduates with a specialization in Actuarial Science possess a solid foundation in statistics and data analysis, making them valuable assets in data science roles.

4. Financial Analyst: Financial analysts assess financial data, trends, and investment opportunities. The analytical and quantitative skills developed in this program are directly applicable to financial analyst positions, especially in areas related to investments and risk assessment.

5. Insurance Underwriter: Insurance underwriters evaluate insurance applications and determine coverage and pricing. Actuarial knowledge is essential for this role, and graduates are well-prepared to excel in underwriting positions within insurance companies.

6. Consultant: Actuarial consultants work for consulting firms or as independent contractors, providing expertise to clients in areas like risk management, pensions, and insurance. This program equips graduates with the skills needed to thrive in consulting roles.

7. Government Positions: Government agencies, such as the Social Security Administration and the Bureau of Labor Statistics, employ actuaries and statisticians to analyze data, forecast trends, and inform policy decisions. Graduates can pursue fulfilling careers in the public sector.