ACTUARIAL SCIENCE (TURKISH, NON-THESIS)


Profile of the Program

The aim of the program is to equip the student with skills for becoming an actuary as well as gain an understanding of the insurance business. The program curriculum covers material for national as well as international actuarial exams and gives a solid academic background in actuarial science, finance and related fields. The student is also exposed to international best practices in the profession. Lectures are run by academics as well as by qualified actuaries and other specialists.

Qualification Awarded

The students who successfully complete the program are awarded the degree of Bachelor of Actuarial Science

Level of Qualification

This is a program.

Specific Admission Requirements

In accepting students to non-thesis master's programs, a bachelor's degree or equivalent graduation certificate/diploma, a foreign language proficiency certificate for programs conducted in English or another foreign language, and other criteria recommended by the Institute's Board of Directors and determined by the Senate are required.

Qualification Requirements and Regulations

This page is still updating...

Recognition of Prior Learning

Students who will continue their education at Bahçeşehir University may be exempted from the courses they took at their previous educational institution within the framework of certain regulations. If the content of the course taken is compatible with the content of the course given at BAU and is approved by the institute directorate, the student may be exempted from this course.

Occupational Profiles of Graduates

Graduates of this program may work with insurance companies or financial institutions. They may acquire the titles of trainee actuary, assistant actuary and actuary respectively after passing the National Actuarial exams that are given in three levels.

Access to Further Studies

Those who registered for the Non-Thesis Master's program before 06/02/2013 or those who have already graduated can apply to doctoral programs. Those who registered for the Non-Thesis Master's program after 06/02/2013 cannot apply to doctoral programs.

Program Outcomes

1 Acquire the quantitative skills to become an actuary.
2 Will know about risks and ways to manage risk.
3 Will know about financial planning and its role in actuarial management.
4 Will be able to design new products and carry profitability tests and scenario analyses.
5 Besides gaining competence in theoretical subjects, the graduate will also be aware of practical issues and applications through lecturers and instructors who have market experience.
6 Will be able to follow all innovations and carry on research on the particular area.
7 Will share information with colleagues and will use it for project development..
8 Will be able to apply and make the necessary adaptation to all new rules and regulations.

Course & Program Outcomes Matrix

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes 1 2 3 4 5 6 7 8
Courses
AKB5001 Statistical Models in Insurance 4 3 2 1 3 2
AKB5003 Life Insurance Mathematics I 5 4 4 3 3 4
AKB5004 Actuarial Risk Analysis 5 4 3 4 3 4
AKB5999 Project 3 4 4 4 4 4 4 4
ISM5101 Research Methods and Ethics
MAT5025 Mathematical Finance 5 4 4 2 2 2
Departmental Elective
AKB5007 Life Insurance Mathematics II
AKB5114 Main Topics in Actuarial Science
AKB5116 Pension Systems and Investment Planning
AKB5118 Life Insurance Management and Financial Valuation
AKB5138 Pricing Principles in Non-Life Insurance
BUS5410 Finance
ECO5103 Money and Banking
EKO5001 Management Economics
ENM5203 Statistical Data Analysis and Decision Making
ENM5227 Risk Management
FIN5228 Financial Management
FIN5229 Portfolio Management
FIN5231 Derivatives
INE5110 Probabilistic Models and Applications
INE5111 Mathematical Programming and Modelling
INE5261 Multi Attribute Decision Making
INE6105 Stochastic Models
ISL5103 Strategic Management
ISL5110 Organizational Behavior
ISL5194 Business Ethics
ISL5201 Marketing Management
ISL5253 Consumer Behavior
ISL5254 Customer Relations Management and Database Marketing
ISL5303 Statistical Methods in Research
ISL5371 Data Analysis and Decision Making
ISL5443 Internal Audit and Risk Management
ISL5511 Financial Management
ISL5524 International Reporting
ISL5627 Digital Marketing
ISL5956 Organizational Development and Change
ISM5112 Project Management in Engineering
ISM5128 Financial Literacy for Executives
ISM5203 Statistical Data Analysis and Decision Making
ISM5223 Corporal Management and Entrepreneurship 3 3 3 3 4
GE-Elective

Course Structure Diagram with Credits

1. Semester
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS
AKB5001 Statistical Models in Insurance 3 0 3 8
MAT5025 Mathematical Finance 3 0 3 8
Departmental Elective 3 8
Departmental Elective 3 6
Total 30
2. Semester
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS
AKB5003 Life Insurance Mathematics I 3 0 3 8
AKB5004 Actuarial Risk Analysis 3 0 3 8
Departmental Elective 3 8
Departmental Elective 3 6
Total 30
3. Semester
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS
AKB5999 Project 0 0 0 12
ISM5101 Research Methods and Ethics 1 0 1 2
Departmental Elective 3 8
Departmental Elective 3 8
Total 30

Program Director (or Equivalent)


ACTUARIAL SCIENCE (TURKISH, NON-THESIS) - GRADUATE SCHOOL OF NATURAL AND APPLIED SCIENCES