Master of Science in Actuarial and Risk Analytics

Master (Coursework)

Provided by

Programme Type

Full-time

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The MSc Actuarial and Risk Analytics (MARA) programme is Singapore’s only master’s programme combining actuarial science, risk management, and sustainability, equipping students with advanced expertise in these fields in a leading global financial hub.

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 excel in an increasingly complex and evolving global landscape, equipped to manage risks, address emerging challenges, and drive meaningful impact across industries. 

 

  

INNOVATIVE INTERDISCIPLINARY CURRICULUM

Gain in-demand expertise through a cutting-edge curriculum that blends actuarial science, risk management, and climate and sustainability studies, supported by a syllabus and assessment approach aligned with Society of Actuaries (SOA) standards and industry expectations. 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 an SOA-accredited actuarial master’s programme, MARA combines analytical rigour with industry-relevant expertise to prepare you for the dynamic worlds of risk and finance. Whether pursuing professional credentials from the Global Association of Risk Professionals or charting your own path, you will graduate with a strong foundation for global careers in actuarial science, risk, and finance. 

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

The following are minimum admission requirements. Meeting these criteria does not guarantee admission, as selection is competitive.


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

Programme Fee (Academic Year 2027):
S$70,850.00 (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.

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 across industries. Additionally, the integration of programming and data analytics skills positions graduates for more technical roles in fintech, investment banking, and risk technology solutions.