Master’s in Actuarial Science and Risk Management
Introduction to the Program
The Master’s Program in Actuarial Science and Risk Management at the School of Insurance and Economics at the University of International Business and Economics (UIBE) is a two year program taught in English. Students can start the program in September or March each year.
About UIBE - University of International Business and Economics
The University of International Business and Economics (UIBE) is China's leading university in Economics, Finances and International business. UIBE offers a large number of high quality Bachelors, Masters and PhD in English for international students and Chinese language programs. There are 13,000 Chinese students and 3,000 international students. For more info visit the UIBE page here.
An applicant must have completed or be in the final year of completing a four year or honours degree in an undergraduate program.
Students also need to be proficient in English with one of the following: TOEFL iBT (internet based) result of at least 86 points: TOEFL (computer based) test result of at least 213 points: TOEFL (paper based) test result of at least 550 points: IELTS test result of 6.0 with a minimum of 6.0 in each score band. This requirement does not apply to an applicant who has studied for at least two years at or received a degree from a college or university with the instruction language in English.
Students also need to demonstrate that they possess the necessary learning ability to succeed in the program. For instance, work experience, or extra-curricula activities and achievements.
The application deadline is June 30th each year for September intake and November 30th for February/March intake.
Period of Study
The University divides an academic year into two semesters. On average, each semester consists of eighteen weeks. The first semester of the academic year, from the beginning of September to January, is called the Fall Semester. The second semester of the academic year, from the beginning of March to the end of June, is called the Spring Semester. The School doesn’t provide any course in summer. The prescribed schedule of the Fall and Spring semester are specified in the University Calendar.
The normal length of study for the Master program is two academic years. The maximum time for completion of a master's degree is three years. This time limit is counted from the time that the students enter the graduate program regardless of any leave of absence taken.
o Risk Model
o Stochastic Actuarial Models
o Life Insurance Actuarial Practice
o Non-Life Insurance Actuarial Practice
o Pension Plans Actuarial Management
o Actuarial Management Control System
o Risk Management, Reinsurance
o Excel VBA Applications in Statistics
The tuition fee is 109,880 RMB for the two year program. 60,000 RMB is due at the start of the first semester, and 49,880 is due at the start of the second semester.
Tuition fees of re-take courses and any additional courses taken are charged on a credit basis, and these are 2,680 RMB per credit.
Note: After students applied and were accepted they have to pay advanced payment: 10000RMB. Once the payment has been paid the official admissions letter and visa form will be sent to the student.
Careers and Internships
UIBE places great importance on helping students to find work experience and career opportunities. UIBE was the first University in China to establish an advisory service for international students to help students to get a job and there are a number of opportunities for students to take internships while they are studying and to find a job afterwards. The location of UIBE is close to the CBD of Beijing and the international companies and job opportunities there. There are also some companies that have moved their location to be close to UIBE campus and the students. This is a unique advantage of UIBE compared to other Universities.
Students can stay on-campus in dormitories or off campus in private accommodation, students need to apply early for on-campus accommodation. For private accommodation students can search on thebeijinger.com.
To apply complete the application form and pay the application fee here. It takes approximately 4-6 weeks for your application to be processed and before an admissions decision is given. After you have been accepted you will receive your official acceptance letter visa application form. If you have any questions contact us.