Master of Science in Actuarial and Risk Analytics

Master (Coursework)

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Programme Type

Full-time

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The MSc Actuarial and Risk Analytics (MARA) programme in Singapore equips students with advanced expertise in actuarial science, risk management, and sustainability within one of the world’s leading financial hubs

Designed for individuals with strong analytical abilities and an interest in insurance, finance, and risk, the one-year full-time programme offers an interdisciplinary curriculum that addresses the growing demand for professionals who can manage complex risks, including those related to climate change. Graduates are well positioned to pursue actuarial careers, progress into leadership roles, and contribute to the development of resilient and sustainable financial systems across Southeast Asia and beyond.

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INNOVATIVE INTERDISCIPLINARY CURRICULUM

Gain in-demand expertise through a cutting-edge curriculum that blends actuarial science, risk management, and climate and sustainability studies. This integrated approach prepares you to tackle today’s financial and environmental challenges and opens pathways to diverse career opportunities across industries.

INDUSTRY-DRIVEN LEARNING AND NETWORKS

Taught by certified actuaries and risk experts, the programme incorporates real-world case studies and industry engagement. Situated in Singapore, a leading global hub for finance and innovation, it positions you to pursue diverse career opportunities, establish international networks, and make an impact from the outset.

PATHWAY TO GLOBAL PROFESSIONAL ACCREDITATION

Offered by Singapore’s only business school with accredited actuarial science undergraduate programme, MARA sets you on a recognised pathway toward professional accreditation through the Institute and Faculty of Actuaries (IFoA) and the Society of Actuaries (SOA). The programme also serves as a springboard for global careers in risk, finance, and related fields. Whether you are pursuing credentials from the Global Association of Risk Professionals (GARP) or charting your own course, MARA equips you with the analytical rigour and industry-relevant skills to thrive.

To apply for our MSc Actuarial and Risk Analytics (MARA) programme, you need to meet the following minimum admission requirements:​​​​​​​​​​​
  • A good undergraduate degree in any discipline
  • GMAT or GRE score is optional
  • A good IELTS/TOEFL score if your undergraduate degree was not taught exclusively in English language
  • Work experience is not required

The institution codes for the following tests are:
​GMAT: V24-ZV-40
GRE: 3123

TOEFL: 9705

*We accept these online tests only if they're taken no later than 31 Dec 2023:
GMAT Online Exam
GRE Test at Home
TOEFL iBT Special Home Edition
TOEFL ITP Plus for China students
IELTS Indicator

Application Deadlines:
Round 1: 30 November
Round 2: 31 January
Round 3: 31 March

Programme Fee (Academic Year 2026):
S$67,580.00 (inclusive of 9% GST and enrolment fee)

Application Fee:
S$100.00
MARA is offered as a full-time, one-year programme. The programme is delivered entirely in English on the vibrant main campus at Nanyang Technological University in Singapore.
Core Courses
Database and Programming for Actuarial and Risk Analyst
Enterprise Risk Management
Financial Markets and Products
Foundation of Quantitative Risk Management
Modern Risk and Actuarial Theory
Principles of Climate Risk and Carbon Markets

Elective Courses
Advanced Quantitative Risk Management
Credit Risk Analytics
Financial Mathematics
Portfolio Risk Analytics
Quantitative Climate Risk Analytics

Sustainable Finance and Risk Management

*Courses are subjected to changes at University's discretion.

Graduates are well positioned for a wide range of career opportunities across the financial, insurance sectors and more. The programme’s strong focus on quantitative modeling, financial markets, sustainability, and climate risk also prepares students for emerging roles in ESG analytics, sustainable finance, and climate risk advisory. Additionally, the integration of programming and data analytics skills positions graduates for more technical roles in fintech, investment banking, and risk technology solutions.