About Actuarial Mathematics in University of Pittsburgh

This program has become an attractive option for students interested in pursuing advanced degrees in mathematical or quantitative finance and master's degrees in business administration, as well as in securing employment in the banking and insurance industries. This multidisciplinary course of study concentrates on applied mathematics with a focus on financial models. In addition to a core curriculum of mathematics courses, students are required to complete specific courses in statistics, economics, and computer science. The capstone courses in the program, Math 0470, Math 1119 and MATH 1121, follow the most recent syllabi approved by the Society of Actuaries and the Casualty Actuarial Society for the societies’ professional examinations in probability, financial mathematics, investment and financial management and life contingencies. The department organizes seminars to prepare students for taking these professional society examinations.

Students declaring this major in the fall of 2019 and beyond must complete MATH 0230 or MATH 0235 (Analytic Geometry and Calculus 2) or their equivalents, with a letter grade of C or better. Students must also complete MATH 0470 Actuarial Mathematics 1 with a letter grade of B- or better to declare this major.

Each of these courses must be taken for a letter grade, and a grade of C or better must be earned in each. Specific requirements are below. Note that students who declared a math major in the Fall of 2018 or after are required to complete the one credit course, MATH 0500 Professional Development, prior to graduation. There are three sections offered in the spring term. The Dietrich School of Arts and Sciences maintains the Authoritative Statement of Degree Requirements (major sheet). The information provided here is for student convenience only. The official requirements should be downloaded using the link above. The requirements for students who entered the major prior to the fall of 2019 can be found here: Authoritative Statement of Degree Requirements Prior to Fall 2019.

• Self-Reported Academic Record (SRAR). We encourage you to complete the SRAR rather than sending a transcript to improve application processing time. Please note that we will compare your SRAR to your official high school transcript if you enroll at Pitt. Accuracy in completing the SRAR is very important. Discrepancies and misrepresentations could result in the Admissions Committee revoking your admissions decision.
• Original or certified, official secondary school records from grades 9-11 (transcripts, marksheets, certificates, examination results, etc.) and any national/state examination results required in your country. You will also need to send literal translations of your records if they are not in English. If your secondary record only includes grades 10-12, please submit the third year of your middle school transcript. Note: Students may be required to complete a transcript evaluation.
  • If you have a General Education Diploma (GED) email the Admissions Office pitt.admissions@pitt.edu about your options. In some cases the GED is not accepted.

English Language Requirements

• For the Pittsburgh campus, a 100 or higher TOEFL composite score with subscores of 21 or higher is considered competitive, a 7.0 IELTS with subscores of 6.0 or higher, or a 120 or higher Duolingo score.

  Applicants are reviewed holistically, however, and those with a 95-99 TOEFL and a solid academic record will be given strong consideration in the admissions process for the Pittsburgh campus. Applicants with TOEFL scores between 80-94 (6.5 IELTS) will most often be considered for admission to a regional campus at Bradford, Greensburg or Johnstown. We recommend that students rank the campuses on their admission application in order of preference.

University of Pittsburgh Highlights

University of Pittsburgh Cost of Attendance

The cost of attendance varies depending on whether the candidate has applied to graduate or undergraduate programmes, as well as the necessary fees that must be paid. The tuition charge varies according to the programme to which one has applied. The following is a breakdown of expenses in the form of an expected budget for international students interested in studying in the United States.

Undergraduate Cost of living (Per year)

Graduate students Cost of Attendance (Per year)