Overview

A King Fahd University of Petroleum & Minerals graduate of the Actuarial Science and Financial Mathematics program is able to contribute to all areas of Saudi Arabian and international financial sectors as well as the government sector where the objective of minimization of risk is the main daily focus.

Program Educational Objectives

The objective of the BS program in Actuarial Science and Financial Mathematics is to prepare students for a career as an actuary or financial risk manager. In addition, the program also prepares the students for international professional society examinations. The program has a good balance of theory, applications and data analysis, as well as carefully selected sequences of courses from computer science, economics, accounting, mathematics, statistics, finance, and risk management.

This interdisciplinary approach is meant to make the program flexible and give the students a broad based education. The program also prepares students for further graduate study in any area of Applied Mathematics, Statistics, Actuarial Science, Finance, or Business.

Programme Structure

Courses include

Financial Mathematics

Actuarial Science Problem Lab

Cooperative Work

Actuarial Contingencies

Calculus

Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2026-08-24 00:00:00

Application deadline not specified.

Language

English

Credits

128 alternative credits

Delivered

On Campus

Campus Location

Dhahran, Saudi Arabia

Disciplines

Financial Mathematics Actuarial Science

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

We are not aware of any English requirements for this programme.

Other requirements

General requirements

The applicant must be a high school graduate (General, Computer Science and Engineering, Health and Life) or international school graduate (Natural Sciences) in the current year or the previous year.

A minimum SAT score of 1350 is required to apply. Meeting the minimum score does not ensure admission. Admissions are competitive.

SAT scores must be directly sent to King Fahd University of Petroleum and Minerals from the SAT Test Centre.

An English language proficiency test is mandatory. Applicants should score at least 55 in the STEP test or its equivalent in TOEFL or IELTS.

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Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at King Fahd University of Petroleum & Minerals and/or in Saudi Arabia, please visit Student Insurance Portal.

Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

10000 SAR / year

≈ 10000 SAR / year
Domestic Applies to you

Applies to you

Citizens or residents

Free

Additional Details

Saudi Nationals or With Saudi Mothers: No fees are charged

Living costs

Dhahran

Saudi Arabia

2665 - 3000 SAR / month

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

Funding

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Scholarships Information

Below you will find Bachelor's scholarship opportunities for Actuarial Science And Financial Mathematics.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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