ACTUARIAL SCIENCE (TURKISH, NON-THESIS)

The candidates must have an undergraduate degree in a relavant field and they have to pass and interview.

Qualification Requirements and Regulations

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Recognition of Prior Learning

If the student wants to transfer from another program, all relevant courses with a passing grade may be counted.

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

Students graduating from a masters program without a thesis are accepted to a PhD progarm only if they fulfill the requirements for applying to a PhD program with a secondary education diploma.irler.

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	6
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
Departmental Elective					3	8
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
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
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
Departmental Elective					3	6
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
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
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
Departmental Elective					3	8
Course Code Course Name Prerequisites Theoretical Practical Credit ECTS AKB5007 Life Insurance Mathematics II 3 0 3 12 AKB5114 Main Topics in Actuarial Science 3 0 3 12 AKB5116 Pension Systems and Investment Planning 3 0 3 12 AKB5118 Life Insurance Management and Financial Valuation 3 0 3 12 AKB5138 Pricing Principles in Non-Life Insurance 3 0 3 12 BUS5410 Finance 3 0 3 8 ECO5103 Money and Banking 3 0 3 7 EKO5001 Management Economics 3 0 3 8 ENM5203 Statistical Data Analysis and Decision Making 3 0 3 12 ENM5227 Risk Management 3 0 3 12 FIN5228 Financial Management 3 0 3 8 FIN5229 Portfolio Management 3 0 3 9 FIN5231 Derivatives 3 0 3 7 INE5110 Probabilistic Models and Applications 3 0 3 8 INE5111 Mathematical Programming and Modelling 3 0 3 8 INE5261 Multi Attribute Decision Making 3 0 3 12 INE6105 Stochastic Models 3 0 3 9 ISL5103 Strategic Management 3 0 3 8 ISL5110 Organizational Behavior 3 0 3 8 ISL5194 Business Ethics 3 0 3 8 ISL5201 Marketing Management 3 0 3 7 ISL5253 Consumer Behavior 3 0 3 7 ISL5254 Customer Relations Management and Database Marketing 3 0 3 8 ISL5303 Statistical Methods in Research 3 0 3 8 ISL5371 Data Analysis and Decision Making 3 0 3 8 ISL5443 Internal Audit and Risk Management 3 0 3 7 ISL5511 Financial Management 3 0 3 7 ISL5524 International Reporting 3 0 3 7 ISL5627 Digital Marketing 3 0 3 8 ISL5956 Organizational Development and Change 3 0 3 8 ISM5112 Project Management in Engineering 3 0 3 8 ISM5128 Financial Literacy for Executives 3 0 3 8 ISM5203 Statistical Data Analysis and Decision Making 3 0 3 8 ISM5223 Corporal Management and Entrepreneurship 3 0 3 12
Total						30

Program Director (or Equivalent)

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