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Master of Science in Mathematics - Actuarial Science (STEM)

University of Wisconsin - Milwaukee

USA,Wisconsin

0 Shortlist

24 Months

Duration

CAD 24,533/year

Tuition Fee

CAD 75

Application Fee

Sep 2025

Apply Date

USA, Wisconsin

Type: University

Location Type: Urban

Founded: 1956

Total Students: 25,000 +

Int. Students: 1,300 +

Campus Detail

Main Campus Address

Milwaukee, WI 53211, United States

Overview
Key Facts
Fees & Funding
Admission Requirements
Scholarships
Student Visa
Work Permit

Master of Science in Mathematics - Actuarial Science (STEM)

Program Overview

The Department of Mathematical Sciences offers graduate programs of study in mathematics with specializations in the fields of algebra, analysis, topology, applied mathematics, probability and statistics, actuarial science, industrial mathematics, and atmospheric science.

The programs of study at the master’s level are designed to suit both the student intending to continue toward a PhD as well as the student who wishes to begin a professional career upon completion of the master’s program.

The student may prepare for a career in teaching at the secondary or college level and for a career in research in the academic, industrial, government, or business communities.

Actuarial Science
The program provides a mathematically rigorous education in actuarial science, prepares students for actuarial professional exams, and develops their economics and business reasoning skills. Students obtain thorough knowledge in the fundamentals of actuarial science such as applied probability models, applied statistics, credibility, financial economics, life contingencies, loss models, and risk theory. Emphasis is placed on developing skills that are highly valued by employers and thus are essential for a successful career as actuary. This program is intended for students who will seek employment as an actuary upon completion of the degree.

Detailed Program Facts

Program Level

Master's Degree

Application Processing Days

28 Days

Program Intensity

Full-Time

Duration of Program

24 Months

Program Intakes

Intake Month/Year		Intake Status
jan 2025		Closed
sep 2024		Closed
sep 2025		Open

Application Fee

Application Fee: CAD 75

Tuition Fee

CAD 24,533 per year

*Note: The fee is approximate and is subject to change

Living Cost in University of Wisconsin - Milwaukee

CAD 12,000 per year

*Note: The fee is approximate and is subject to change

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

Check program website for more information about funding options.

English Test Requirements

IELTS
- Minimum Overall Score - 6.5
TOEFL
- Minimum Overall Score - 79
PTE
- Minimum Overall Score - 58.0
DUOLINGO
- Minimum Overall Score - 120.0

Minimum Level of Education Required: To be accepted into this program, applicants must have a Bachelor's Degree in mathematics, statistics, actuarial science, economics or a related field.

Minimum CGPA Required: 60.00 %

Additional Information

Scholarships

UWM has a scholarship program for newly admitted international undergraduate students. Scholarship award decisions are based on academic merit and the diversity of the candidate (i.e. how the candidate contributes to the diversity of UWM). Undergraduate students are considered for this scholarship upon admission; no separate application is required.
Funding for graduate students is awarded directly from the academic program. Contact your Graduate Representative for more information on funding available for your program.
Upto $ 6000

Work Permit

PGWP

Optional Practical Training or OPT is a period during which students, who have completed their degrees in the USA, are permitted to work for one year on a student visa by the United States Citizenship and Immigration Services (USCIS). OPT allows students to work for up to 3 years and develop real-world skills to survive in the competitive jobs market.

It is temporary employment for a period of 12-months that is directly related to the major area of study of an F-1 student. Eligible students have the option to apply for OPT employment authorization before completing their academic studies and/or after completing their academic studies.

A student can participate in three types of Optional Practical Training (OPT):

Pre-Completion OPT: This is temporary employment provided to F-1 students before completion of their course of study.
Post-Completion OPT: This is temporary employment available to F-1 students after completing their course of study.
24 Month STEM Extension: Students enrolled in STEM (Science, Technology, Engineering, and Mathematics) courses can a 24-month extension after their initial Post-Completion OPT authorization.