Man using a computer and smiling.
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)

All required classes to earn a degree can be completed online.

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

Online Actuarial Science, Master of

Talk to an enrollment coach
[email protected]

Talk to the program director
Stefanos Orfanos, program director
[email protected]

Complete the program online.

Our STEM-designated curriculum covers 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. actuarial sciences

Learn more about the in-person program.

#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 Highlights

Two Dual Degree Options Available

Master of Actuarial Science and M.S. 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 M.S. 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.

The 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

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

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 ( ), the payment schedule and financing opportunities.

[email protected]


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


Corporate Assistance
Consult your employer about the availability of tuition reimbursement or tuition assistance programs.

Military Assistance
Active duty military, veterans and military families should visit Veterans Educational Benefits to take full advantage of available financial assistance and educational benefits. Download our guide to How to Start Your VA Benefits.

University System of Georgia Tuition Assistance Program (TAP)
The purpose of TAP is to foster the professional growth and development of eligible employees. For more information, see TAP Tuition Assistance.

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 the 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.


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.


actuarial analyst

actuarial assistant

actuarial associate

big data analyst


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

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 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 more ❯
15M Gift to The Starr Foundation$15 Million Gift from The Starr Foundation Will Transform Risk Education at Georgia State University
The gift from The Starr Foundation to Georgia State University will dramatically expand and enhance its risk education programs and elevate the highly regarded program’s stature more ❯


Graduate Admissions
[email protected]

Stefanos Orfanos, program director
[email protected]

Robinson College Logo140 Decatur Street SE
Atlanta, GA 30303