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2023 Graduate Outcomes
  • 76% employed within 3 months
  • 46% average salary increase
  • $83,000 median salary
  • 1.4 years average time to pay back investment
What does it cost?

Tuition per credit hour

Georgia Residents: $499
Non-Ga. residents: $1,308

Tuition is subject to change.

How long will it take?
  • Full-time format: 3 semesters (16 months)
  • Part-time format: 5-6 semesters (21-24 months)

A dual degree in Quantitative Risk Analysis & Management or Analytics requires just one additional semester. Learn about our dual degree options.

Where can I take classes?
Atlanta Campus, Buckhead Center (3348 Peachtree Rd. NE), Online

The program can be completed in-person as well as online. Use the comparison chart to determine which format is right for you.

Note: While the Master of Actuarial Science program can be completed online, courses for the dual degree must be taken in person.

Is the program STEM-designated?
Yes. Read more about STEM designations.

Application Deadlines View Admissions Requirements

Domestic Applicants
We offer various application deadlines to U.S. residents. By applying earlier in the cycle, you will receive priority consideration for a graduate assistantship. After the final deadline, applications are accepted on a rolling basis until one week before class starts.

International Applicants
International applicants who need a student visa must apply by an earlier, hard deadline.

Find your deadline

Master of Actuarial Science

Attend virtual office hours with one of our recruiters to get your questions answered.

Complete the program either online or in person.

Georgia State's Master of Actuarial Science offers a STEM-designated curriculum covering advanced topics including InsurTech, actuarial analytics, and machine learning. Students complete real-world, hands-on “sprint” projects, and emerge prepared to take the actuarial exams administered by the Society of Actuaries. The program covers coding and statistical methods as well as key actuarial topics. Students can complete the degree in person (in Atlanta) or fully online, and can study full-time or part-time after work. The program is geared toward students with quantitative backgrounds, both with and without prior actuarial training.

#3 in North America for Research Productivity
Among North American business schools, Robinson’s Maurice R. Greenberg School of Risk Science ranks #3 for research productivity in actuarial science (University of Nebraska – Lincoln). U.S. News & World Report ranks the school fourth in the nation.

Program Comparison: In-person Vs. Online Vs. Certificate

In-Person Online Certificate
Modality
Modality 70%+ in-person 100% online Online or hybrid
Required credit hours
Required credit hours 30 30 12
Format
Format Full- or part-time Part-time Part-time
Target Audience
Target audience Full-time students with or without actuarial experience. Working professionals with strong quantitative skills looking to transition into the actuarial field. No actuarial background required. Working professionals with strong quantitative skills looking to transition into the actuarial field. No actuarial background required.
Cost per credit hour
Cost per credit hour Georgia residents: $499
Non-Georgia residents: $1,308
Georgia residents: $499
Non-Georgia residents: $1,308
Georgia residents: $499
Non-Georgia residents: $1,308
Start Date
Start Date Fall or spring Fall or spring Fall or spring
Duration
Duration 3 semesters (16 months) 5-6 semesters (21-24 months) 2-3 semesters (8-12 months)
Course Load
Course Load 3-4 courses per semester 1-3 courses per semester 1-3 courses per semester
Class Times
Class Times Varies A combination of asynchronous and evening synchronous courses (7:15-9:45 p.m. EST). A combination of asynchronous and evening synchronous courses (7:15-9:45 p.m. EST).
Signature Features
Signature Features
  • Complete experiential projects
  • Work on immersive assignments with partner companies
  • Open to international students seeking a U.S. STEM degree
  • Learn key tools, methods, and ideas to transition into the actuarial field
  • Explore the structure of the industry and technology’s impact on the field
  • Open to students with strong quantitative skills but no actuarial knowledge
  • Learn key tools, methods, and ideas to transition into the actuarial field
  • Explore the structure of the industry and technology’s impact on the field
  • Open to students with strong quantitative skills but no actuarial knowledge

Program Highlights

Two Dual Degree Options Available

Master of Actuarial Science and MS in Quantitative Risk Analysis and Management
This program serves the growing need for graduates who 1) have solid quantitative skills in both actuarial risk modeling and financial risk modeling, and 2) understand business contexts and possess the necessary communication skills for solving complex risk issues.

Master of Actuarial Science and MS in Data Science and Analytics
This program allows students to differentiate themselves from the competition by anticipating the rapidly emerging needs to fuse data science with actuarial science.

2023 Graduate Outcomes

  • 76% employed within 3 months
  • 46% average salary increase
  • $83,000 median salary
  • 1.4 years average time to pay back investment

CAS University Recognition badge

The M.R. Greenberg School of Risk Science has been recognized for a commitment to preparing future property and casualty actuaries through its educational offerings.

CAS University Recognition badge

We are the ONLY Center for Actuarial Excellence in the Southeast.

Program Details

Application Requirements

Learn more about the application process and what you will need to apply.

Note: Please visit the “Curriculum” tab for information on the program pre-requisites.

Georgia State's Master of Actuarial Science program comprises 30 credit hours.

Foundation Requirements

These courses are in addition to the 30 hours required for the MAS degree or in addition to the 48 hours required for the dual degree programs. They are assigned as part of the admissions process based on a review of each student’s transcripts.

Mathematics: Students must have completed three semesters of single-variable and multivariate calculus.

Statistics: Students must have completed two semesters of undergraduate mathematical statistics.

Sample Curriculum

In-person, fall admittance

Fall 1
AS 8230 — Financial Mathematics
AS 8340 - Life Contingencies
ECON 8740 - Applied Statistics and Econometrics
MSA 8010 — Data Programming

Spring 1
AS 8140 — Probability
AS 8360 — Loss Modeling & Ratemaking
RMI 8300 — Predictive Risk Modeling
QRAM 8610 — Financial Engineering, or another risk and financial elective

Fall 2
AS 8370 — Health Insurance & Risk Management, or another actuarial and analytics elective
RMI 8070 — Insurance Institutions & Operations, or another insurance elective

In-person, spring admittance

Spring 1
AS 8140 — Probability
AS 8360 — Loss Modeling & Ratemaking
ECON 8740 — Applied Statistics & Econometrics
MSA 8010 — Data Programming

Fall 1
AS 8230 — Financial Mathematics
AS 8340 — Life Contingencies
AS 8430 — Advanced Loss Modeling, or another actuarial and analytics elective
QRAM 8600 — Theory of Risk Sharing, or another risk and financial elective

Spring 2
RMI 8300 — Predictive Risk Modeling
RMI 8400 — InsurTech, or another insurance elective

Elective Suggestions
RMI 8070 - Insurance Institutions and Operations (If AS 8350 is taken)
RMI 8370 - Financial Risk Management
RMI 8400 - InsurTech
RMI 8450 - Machine Learning in Actuarial Science
AS 8140 - Probability
AS 8230 - Financial Mathematics
AS 8350 - Insurance Mathematics (If RMI 8070 is taken)
AS 8370 - Health Insurance and Risk Management
AS 8430 - Loss Distribution and Credibility Theory
AS 8510 - Mathematical Finance for Actuaries
QRAM 8600 - Theory of Risk Sharing
QRAM 8610 - Financial Engineering


Online, fall admittance

Fall 1
AS 8230 — Financial Mathematics
ECON 8740 — Applied Statistics & Econometrics

Spring 1
AS 8140 — Probability
MSA 8010 — Data Programming

Fall 2
AS 8340 — Life Contingencies
RMI 8300 — Predictive Risk Modeling

Spring 2
AS 8360 — Loss Modeling & Ratemaking
RMI 8400 — InsurTech

Fall 3
AS 8370 — Health Insurance & Risk Management
AS 8430 — Advanced Loss Modeling


Dual Degrees

Dual degrees require just one additional semester. View the dual degree curriculum requirements.

Note: While Georgia State's Master of Actuarial Science program can be completed online, courses for the dual degree must be taken in person.


View the catalog for details and course descriptions.

Tuition per credit hour

Georgia Residents: $499
Non-Ga. residents: $1,308

Tuition is subject to change.

Financial Aid

Contact Graduate Student Financial Services
We are here to help you understand the cost of your program (including the financial aid cost of attendance (https://sfs.gsu.edu/resources/coa/)), the payment schedule and financing opportunities.

[email protected]
404-413-7086

Scholarships

Robinson Scholarships

Robinson offers several scholarships through the Office of the Dean as well as the individual academic departments.

Learn More and Apply

Search Georgia State’s Database

Georgia State offers a robust searchable database containing scholarships offered through the university as well as external websites.

Search the Database

Graduate Research Assistantships

Graduate research assistantships are available to offset program costs.

Learn More and Apply

Loans

You will be paired with a Graduate Student Experience professional who stays on top of the extracurricular programming that will enhance your academic journey and propel your career. Activities include boot camps on topics that are relevant to your field, professional workshops, networking events, recruiting fairs, and meet-and-greets intended to create camaraderie with your peers.

View a sample schedule of Graduate Student Experience events

Learn More about the Graduate Student Experience Team

Note: Some Graduate Student Experience activities can only be provided to in-person students.


Join the Actuarial and Risk Management Association

Actuarial and Risk Management Association logoThe Actuarial and Risk Management Association (ARMA) serves all risk management and insurance as well as actuarial science students at Robinson. The association’s primary programming includes but is not limited to employer information sessions, networking events, social events, and recruitment fairs.

The association hosts an annual recruitment fair in partnership with the M.R. Greenberg School of Risk Science and Robinson's Career Advancement Center . Other community-building endeavors include study groups for actuarial exams, volunteer activities, and scholarship activities.

The mission of Georgia State's Master of Actuarial Science program is to educate students in the theory and practice of actuarial science through a specialized program of study. The program is designed to teach students both the core actuarial theory and the latest developments in actuarial practice.

Careers

Program graduates work for a variety of well-respected companies including Beecher Carlson, Deloitte, FHLBank Atlanta, Goldman Sachs, The Hartford, IFG Companies, Lincoln Financial Group, Munich Re, Samsung, Truist, and Willis Towers Watson.

Our 2023 graduates reported a 46% average salary increase, enabling them to pay back their investment in graduate school within 1.4 years.

VIEW SAMPLE JOB TITLES

actuarial analyst

actuarial assistant

actuarial associate

big data analyst

consultant

data scientist

health & benefit specialist

risk insurance actuary

risk management & underwriting

Meet Your Faculty

Samson Fung

Assistant Professor; Fellow, Society of Actuaries

Stefanos Orfanos

Program Director, Master of Actuarial Science; Clinical Assistant Professor; Fellow, Society of Actuaries

Liang Peng

Professor; Fellow, Institute of Mathematical Statistics; Fellow, American Statistical Association

Steven Shore

R. Means Davis Professor of Risk Management and Insurance; Executive Director, S.S. Huebner Foundation for Insurance Education

Ajay Subramanian

Bruce A. Palmer Professor

Quiqi Wang

Assistant Professor; Associate, Society of Actuaries

Fang Yang

Clinical Associate Professor; Associate, Society of Actuaries

Read Our Stories

Nicola BarrettActuarial Science Alumna Creates Opportunities for Fellow West Indians
Nicola Barrett believes the world distributes talent--but not opportunity--evenly.read more ❯
Students of the Year at 2023 Riskies CelebrationSix Recognized as Students of the Year at 2023 Riskies Celebration
Six outstanding current and recent students of the Maurice R. Greenberg School of Risk Studies at Georgia State University’s J. Mack Robinson College of Business received Students of the Year Awards at the 9th Risk Science and Insurance Leadership Awards (Riskies), held September 21 at Center Parc Stadium.read more ❯
Stephen Shore, Maurice R. Greenberg, Richard PhillipsGeorgia State University Renames its Department of Risk Management & Insurance as the Maurice R. Greenberg School of Risk Science
The University System of Georgia’s Board of Regents has approved renaming Georgia State University’s Department of Risk Management & Insurance as the Maurice R. Greenberg School of Risk Science.read more ❯

Contacts

Attend virtual office hours with one of our recruiters to get your questions answered.

Graduate Admissions
[email protected]

Stefanos Orfanos, program director
[email protected]
404-413-7485

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Atlanta, GA 30303