Master of Business & Science in Actuarial and Statistical Analysis

The MBS degree is a combination of an MS and a MBA degree (see https://psm.rutgers.edu). Students in this program choose a particular science concentration, accompanied by a business curriculum.

The science concentration consists of 24 credits and the curriculum is set by the unit offering the concentration. The business curriculum consists of 19 credits and is almost completely prescribed (see the business curriculum for details). Students do not write a thesis and are expected to do a Capstone project.

Admission Requirements

  1. A bachelor’s degree in any basic science or engineering field, with a GPA of at least 3.0 (a B average). Original transcripts are required.
  2. The following background in basic Mathematics is required:
    1. Calculus I, II, III(the equivalent of the calculus sequence 50:640:121, 122, 221) and either Linear Algebra (50:640:250) or Differential equations (50:640:314)
  3. Satisfactory performance on the GRE General Test (original reports required).
  4. Two letters of recommendation (see the application forms).
  5. For applicants whose native language is not English, satisfactory performance on the TOEFL.

Curriculum

Actuarial and Statistical Analysis

  1. Actuarial and Statistical Analysis (24 credits)
    1. Required (18 credits)
      1. 56:645:582 Probability and Actuarial Mathematics 3 credits
        1. Note: After Completion of this course ‘P‘ exam can be taken. Important: Completion of the ‘P‘ exam is a graduation requirement for the MBS degree. Students are strongly urged to take this exam as soon as they can.
      2. 56:645:569 Actuarial Models 3 credits
        1. Note: After completion of the above course ‘C‘ exam can be taken.
      3. 56:645:567 Statistical Models (3 credits-Camden/Online)
      4. Applied Regression Analysis (3 credits)
      5. Introduction to Financial Mathematics (3 credits – Hybrid)
        1. Note: After completion of the above course ‘FM‘ exam can be taken.
      6. 56:645:565 Time Series & Forecasting (3 credits)
    2. Electives (6 credits) – can be taken from a list of courses in Statistics, Economics and Finance.
  1. Business Courses (19 credits)
    1. Finance & Accounting (3 credits)
      1. Students select one from:
      2. 53:135:500 Managerial Economics (3 credits)
      3. 53:390:506 Financial Management (3 credits)
    2. Marketing (3 credits)
      1. Mandatory for all students:
      2. 53:630:508 Marketing Management (3 credits)
    3. Communication & Leadership (3 credits)
      1. Mandatory for all students:
    4. 53:135:501 Managerial Skills (3 credits)Management of Science & Technology (3 credits)
      1. Mandatory for all students
      2. 53:716:513 Operations Management (3 credits)
    5. General Management (3 credits)
      1. Students take one course. See the See Camden course listings for the MBS Business Curriculum
    6. Ethnics and Professionalism (1 credit)
      1. Mandatory for all students:
      2. 16:137:500* Ethics for Science & Technology Management (1 credit)
      3. 16:137:503Colloquium in Professionalism for Science & Technology Management (0 credits)
    7. Capstone (3 credits)
      1. The capstone course is a project-based course covering the fundamentals of entrepreneurship, intrapreneurship, innovation commercialization, and intellectual property. Students are expected to work on team projects analyzing technology innovations and creating business plans. At least 3 of the core classes must be completed before the capstone course.
      2. Mandatory for all students:
      3. 16:137:600 Science & Technology Management Capstone (3 credits)

For special permission numbers for the Rutgers-Camden business courses, call Joany McCracken at (856) 225-6452 or (856) 225-6218 or email jbmcc@camden.rutgers.edu

Graduation Requirements

  • A minimum of 24 credits in the Actuarial and Statistical Analysis concentration and 19 credits of the business curriculum must be completed.
  • Grade requirements:To graduate, the student must achieve a cumulative GPA of 3.0, or better, in the required 24 graduate credits. No more than 6 credits with grades of C or C+ may be used in meeting the requirements of the MBS degree.

Credit Transfers

Subject to approval by the Program Director, students may transfer up to eight credits from other graduate Mathematical Science programs toward their MBS degree provided they satisfy the following conditions:

  1. The student has completed at least 12 credits with grades of B or better at the Graduate School in Rutgers-Camden.
  2. The courses transferred cannot include credits for a thesis, independent study, or research.
  3. The transferred credits have not been (and are not intended to be) counted towards any other degree.
  4. The courses transferred have been taken during the six years prior to the application for transfer credits.

How to Apply

To apply and review admissions information such as application deadlines and where to mail supporting materials, please visit the Application & Admission Requirements webpage.

Contact

Dr. Debashis Kushary
Actuarial and Statistical Analysis Concentration Advisor
Debashis.kushary@rutgers.edu
Phone: (856) 225-6087

Mailing address:

Department of Mathematical Sciences
Armitage Hall
311 N. Fifth Street, Rm 322
Rutgers University–Camden
Camden, NJ 08102
Tel: (856) 225-2667