M.A. in Actuarial Science

Entry Requirements for Postgraduate programs

1. Academic Qualifications: Applicants must hold a bachelor's degree or its equivalent from a recognized institution. The minimum academic requirement is a 60% or higher score in the undergraduate program.  

2. English Language Proficiency:  

• IELTS (International English Language Testing System):

  • A minimum overall score of 6.5 is required for postgraduate programs.
  • No individual band score should be less than 6.
     

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

  • A minimum overall score of 79 is expected.                                                                                                                                                                                                                                        

• PTE (Pearson Test of English):

  • An overall score of 53 or higher is required.
     

• DET (Duolingo English Test):

  • A minimum score of 110 is the benchmark.

3. NACES credential evaluation required.

Ball State University is committed to promoting diversity and providing financial support to international students. 

1. Ball State's International Student Scholarships: Ball State University offers a variety of merit-based scholarships exclusively for international students. These scholarships are typically awarded based on academic achievement, extracurricular involvement, and leadership qualities.

2. University-Wide Scholarships: International students are eligible to apply for university-wide scholarships that are open to all students, regardless of their nationality. These scholarships often have specific criteria and requirements.

3. Departmental Scholarships: Many academic departments at Ball State University offer scholarships to international students pursuing degrees within those departments. These scholarships may be based on academic performance, major, or specific achievements.

4. Study Abroad Scholarships: Ball State encourages international students to participate in study abroad programs. The university offers scholarships to help cover the costs associated with studying abroad, promoting global experiences and cultural exchange.

5. Research and Assistantships: Some international graduate students may have the opportunity to work as research assistants or teaching assistants, which often come with a stipend and tuition remission. These roles offer valuable professional development.

6. Privately Funded Scholarships: There are external scholarship opportunities for international students provided by private organizations, foundations, and government agencies. Ball State's scholarship office assists students in identifying and applying for these external scholarships.

7. Cultural Scholarships: Ball State University may offer scholarships to students who are actively involved in promoting their own cultures and engaging in cultural exchange on campus.

8. Full-Ride Scholarships: In some cases, highly qualified international students may be eligible for full-ride scholarships that cover tuition, fees, and living expenses.

9. Community Scholarships: Local community organizations and partners sometimes provide scholarships to international students who are engaged in community service and demonstrate a commitment to the local area.

10. International Student Services Support: - Ball State's International Student Services office assists students in finding scholarship opportunities, completing applications, and meeting deadlines. They provide valuable guidance throughout the process.

11. Renewability and Eligibility: - Scholarship renewability and eligibility criteria may vary for each scholarship, and it is essential for international students to maintain academic excellence and meet specific requirements.

12. Application Deadlines: - International students should pay close attention to scholarship application deadlines to ensure they have the best chance of receiving financial aid.

Ball State University, renowned for its commitment to academic excellence, offers a Master of Arts in Actuarial Science program designed to equip students with the skills and knowledge necessary for a successful career in the dynamic field of actuarial science. Explore the exciting career prospects awaiting graduates of this program.

1. Actuarial Analyst: Graduates can pursue roles as actuarial analysts, utilizing mathematical and statistical models to assess financial risks for insurance companies, pension funds, and other organizations. They play a crucial role in determining insurance premiums, analyzing data, and making financial predictions.

2. Risk Management Specialist: With a focus on managing financial risks, graduates may choose careers as risk management specialists. They work to identify, assess, and mitigate risks, contributing to the financial stability and success of organizations.

3. Insurance Underwriter: Careers as insurance underwriters involve evaluating insurance applications and determining coverage risks. Graduates may work with insurance companies to make informed decisions on policy approvals, pricing, and terms.

4. Data Scientist in Insurance: The program prepares graduates for roles as data scientists in the insurance industry. They leverage data analytics and machine learning techniques to extract insights, identify trends, and inform strategic decisions.

5. Pension Fund Manager: Graduates may pursue careers managing pension funds, ensuring the financial well-being of retirees. They analyze investment options, assess fund performance, and make recommendations to optimize returns.

6. Healthcare Actuary: With a focus on the healthcare sector, graduates can become healthcare actuaries. They assess and manage the financial risks associated with healthcare plans, helping organizations navigate the complexities of the healthcare landscape.

7. Investment Analyst: Careers as investment analysts involve evaluating investment opportunities, assessing risks, and making recommendations for financial portfolios. Graduates may work in investment firms, banks, or financial consulting firms.

8. Consultant in Financial Services: Graduates may choose consulting roles in financial services, providing expert advice on risk management, financial planning, and strategic decision-making for clients in various industries.

9. Financial Planner: The program prepares students for careers as financial planners, guiding individuals and organizations in making sound financial decisions. They consider factors such as investment strategies, retirement planning, and risk management.

10. Government Actuary: Graduates can explore opportunities as government actuaries, contributing to public policy decisions by assessing the financial implications of various programs and initiatives.