Master of Science in Actuarial Mathematics & Quantitative Risk at Stevens Institute of Technology

Stevens Institute of Technology offers a Master of Science in Actuarial Mathematics and Quantitative Risk, which lasts for 18 months. The tuition fee for this program is USD 42,988. To apply for this course, students need to prove their English language skills through tests like IELTS or TOEFL. The minimum graduation requirement for admission is a CGPA of 3.0 on a 4.0 scale.

12th Grade

There is no specific cutoff mentioned for 12th grade.

Graduation

To apply, you need a bachelor's degree from an accredited institution with a minimum GPA of 3.0. Those with a degree in mathematics, applied mathematics, or statistics can apply. Candidates with a strong background in math or finance who want to work in actuarial fields are encouraged to apply. Ideal applicants should know linear algebra, probability, statistics, and calculus equivalent to MA 547 Advanced Calculus.

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Step One: Prepare Documents for Application

Statement of Purpose (SOP)
You need to submit a statement of purpose. This can be one to two pages long and should be sent to the admission committee. Make sure to include the following sections:

• Past: Share your educational and work experiences. What has brought you to this point in your life?
• Present: Explain why you are applying to graduate school, why you chose this institution, and why you selected this program.
• Future: Discuss your career goals and how this degree will help you achieve them.

Letters of Recommendation (LOR)
You will need to provide letters of recommendation. Make sure to check the deadlines: 04/15/2024 and 11/01/2024.

Step Two: Additional Documents Required

• Official college transcripts
• A competitive GRE or GMAT score
• English Language Proficiency (ELP) scores
• Financial Documentation Form

Step Three: Application Fees for This Course

The application fee is USD 60, which is approximately INR 5.06 Thousand.

Payment Methods: You can pay using a credit card, debit card, or wire transfer.

Installment Payment Plans:

• Spring: 5 payment plan from December 1 to April 1 4 payment plan from January 1 to April 1 The last day to enroll in the payment plan is January 17.
• Summer: 4 payment plan from May 1 to August 1 3 payment plan from June 1 to August 1 The last day to enroll in the payment plan is May 31.
• Fall: 5 payment plan from July 1 to November 1 4 payment plan from August 1 to November 1 The last day to enroll in the payment plan is September 13.

The payment plan is interest-free, and there is a $50 enrollment fee per semester.

Step Four: Application Deadlines

Fall (September): April 15
Spring (January): November 1

*Please note that these dates are tentative based on last year's records. Our expert counselors can help you with the exact deadline dates. Contact our experts for assistance!

Calculated at the exchange rate of 1 USD = INR 84.27 | Tuition & expenses were last updated in December 2024"