The graduate education in the Department of the Actuarial Sciences is a four-year program with an additional one-year optional English preparation school. The medium of instruction in the department is Turkish.

There are one professor, one associate professor, four assistant professors, five research assistants with doctoral degrees, five research assistants continuing their doctoral education and one lecturer working actively in the department. Furthermore, several experts working in the Insurance Supervision Board in the Undersecretariat of Treasury, as well as experts from various research and consultancy companies are also teaching some undergraduate classes.

Students are admitted to the department according to the Higher Education Institutions Examination (YKS) SAY score type, and the lowest and highest scores for the past years are presented in the table below.

The first two years of the graduate program offers some fundamental courses such as mathematics, statistics, economics and introduction to actuarial sciences in order to provide a background for the further actuarial courses. The last two years of the program offers more technical courses such as financial mathematics, life and non-life insurance mathematics, actuarial mathematics, pension mathematics, actuarial software, risk theory, loss models, stochastic processes, regression and time series analysis. Beside those departmental courses the program also offers economics, business, law, computer sciences and finance classes. In order to graduate from the undergraduate program, department students must complete 240 AKTS by taking 151 AKTS compulsory, 17 of which are common compulsory courses, and 89 AKTS elective courses.

The ratio of elective courses to compulsory courses other than English courses is approximately 25%. Elective courses include social science courses such as "General Business Administration", "Introduction to Law", "General Accounting", "Financial Literacy" and "Introduction to Philosophy". Detailed information about the contents of the department, program and courses can be found on the department website.

The graduate program offers specialized courses in actuarial sciences such as Life and Non-life Insurance Mathematics, Actuarial Risk Theory, Loss Models, Pension Mathematics, Portfolio Theory and Financial Time Series.tics. For more information about the offered courses in the graduate program you can visit the department website.

Students can get minor degree in Statistics, Economics, Business Administration, Statistics, Mathematics and Industrial Engineering Departments and double major in Biology, Statistics and Mathematics departments. The department also has two Erasmus agreements with Czestochowa University of Technology in Poland and University of Piraeus in Greece.

Department of Actuarial Sciences cooperates with the Undersecretariat of Treasury Insurance Supervisory Board, the General Directorate of Insurance, Association of Insurance and Reinsurance Companies of Turkey, Insurance Training Centre, Insurance Information Centre, Society of Actuaries in Turkey, Pension Monitoring Centre, Traffic Information Centre, Agricultural Insurance Pool, Insurance Companies, Social Security Authority, Business Council of Turkey, Middle East Technical University Institute of Applied Mathematics, Bahçeşehir University Science and Technology Institute, Marmara University School of Banking and Insurance and Society of Actuaries, Casualty of Actuaries, Canadian Institute of Actuaries, Heriot-Watt University and City University.

Actuary

Graduates from the Department of Actuarial Sciences are not qualified as actuary. However, they can work as an expert of actuary in actuarial and financial sector. 90% of graduate students work in the insurance and finance sector. Our graduates are employed in insurance companies as well as brokerage, expertise, auditing and consultancy companies.

According to the Actuaries Regulation published in the Official Gazette No. 22363 dated 03/08/1995, we have 21 graduates registered in the registry who completed their master's degree in the Department of Actuarial Sciences at Hacettepe University and received a title. According to the new Actuaries Regulation, which came into force after being published in the Official Gazette dated 15/08/2007 and numbered 26614, in order to receive the title, one must have successfully completed the three-level actuarial exams in the country or abroad; They must meet the conditions of having engaged in actuarial professional practice or activity for a total of three years in actuarial units or departments of private institutions, public institutions or universities or under the accompaniment of an actuary. According to this regulation, those who are successful in the first level exams are awarded the title of trainee actuary, those who are successful in the second level exams are deemed assistant actuaries, those who are successful in the third level actuary exams and those who have worked for an actuary for at least three years receive the title of actuary with signing authority.