Best Actuarial Science Programs in the US and Abroad

If you're interested in pursuing a career in actuarial science, there are several top-notch programs to consider in the US and abroad. The University of Michigan's actuarial science program is highly regarded for its rigorous curriculum and strong industry connections.

The University of Michigan's program is accredited by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), which is a significant advantage for students looking to become certified actuaries. The university's location in Ann Arbor also provides access to a network of experienced actuaries in the insurance and financial industries.

The University of Toronto's actuarial science program, on the other hand, is known for its comprehensive curriculum and research opportunities. The program is also accredited by the SOA and CAS, making it a great option for students looking to pursue a career in actuarial science.

If you're looking for top-notch actuarial science programs, you're in luck because there are many excellent options to choose from. CUNY Bernard M. Baruch College, for example, offers a highly-ranked bachelor's in actuarial science that's available both on-campus and online.

The university's actuarial science curriculum covers theoretical and advanced topics, preparing graduates for the workforce or further education. With a graduation rate of 70% and average graduate earnings after six years of $47,500, CUNY Bernard M. Baruch College is definitely worth considering.

Here are some key stats to keep in mind when researching actuarial science colleges:

Admissions rates, tuition costs, and average aid awarded are also important factors to consider when selecting the best actuarial science colleges. For example, CUNY Bernard M. Baruch College has an admissions rate of 43% and an average aid awarded of $9,731.

The University of Wisconsin-Madison offers a top-ranking bachelor's in actuarial science, with a flexible course option that allows degree-seekers to choose between in-person and online classes.

CUNY Bernard M. Baruch College has a public institution that ranks among the best programs of its kind, with a rigorous academic program and comprehensive support services.

University of Wisconsin-Madison has a student-to-faculty ratio of 17-to-1, with a total of 128 bachelor's programs offered.

CUNY Queens College has 85 bachelor's programs, including a bachelor's in actuarial studies program that covers core and advanced topics in actuarial studies.

Robert Morris University has a private institution that stands out for its quality, with a bachelor's in actuarial science that strengthens learners' skills through general education and major courses.

Here are some of the top universities worldwide for actuarial science, according to EduRank:

These universities offer a range of programs and courses that can help you develop the skills and knowledge you need to succeed in the field of actuarial science.

University of Wisconsin-Madison is a public institution that offers a top-ranking bachelor's in actuarial science. The program is flexible, allowing students to choose from in-person and online classes.

The curriculum incorporates general education and major courses to build in-demand knowledge and skills. This includes social science, humanities, and STEM classes that complement the actuarial science major.

The university has a student-to-faculty ratio of 17-to-1, which is relatively low. This allows for more personalized attention and guidance from professors.

Here are some key statistics about the university:

These statistics give you an idea of the university's affordability and potential return on investment.

Binghamton University is located in Vestal, NY, and offers a campus experience for its students.

The university enrolls undergraduates in 81 bachelor's programs, including actuarial science.

Binghamton University's curriculum introduces core topics and methods, as well as communication, writing, and critical thinking skills through general education courses.

Students can explore their other academic and professional interests with minors and double majors.

Binghamton University's student services support incoming degree candidates academically and socially, with career counselors connecting learners with job fairs and internship opportunities.

Here are some key facts about Binghamton University at a glance:

Online degree programs offer a convenient and flexible way to earn a degree in actuarial science. This is especially true for those who need to balance work and other responsibilities while in school.

Actuaries play a crucial role in commerce and the insurance industry, analyzing potential risks and assessing their impact on companies. Online actuarial science programs can provide the necessary education and training to pursue this career.

Online programs often feature asynchronous classes, allowing students to complete coursework at home at their own pace. This flexibility is a major benefit for those who need to juggle multiple responsibilities.

The convenience of online education can also make it more affordable than traditional on-campus programs. By avoiding the costs of commuting and on-campus living, students can save money and graduate more quickly.

Actuaries use advanced statistics and calculus to determine risk factors, making a strong foundation in math and statistics essential for success in the field.

The program details for a Master's in Actuarial Science are quite specific. The program is offered by a private school that is accredited by the New England Commission on Higher Education (NECHE).

The tuition for the program is $29,280 per semester, and you'll need to complete 43 credits to graduate. This typically takes around 21-36 months to finish.

Here's a breakdown of the program's requirements:

Actuaries can earn a median annual salary of $111,030, making it one of the highest-paying careers. This is much higher than the national average for all jobs.

The Bureau of Labor Statistics (BLS) reports a 24% employment growth rate for actuaries from 2020-2030, which is much faster than average. This growth rate is a testament to the increasing demand for actuaries in various industries.

Actuaries in the finance and insurance industries tend to make the most, with a median annual wage of $120,800 as of May 2023. This is closely followed by actuaries in professional, scientific and technical services who made a median annual wage of $120,060.

Actuaries can expect to earn between $75,380 and $209,310 per year, depending on their level of experience and industry. The highest 10% of earners in the occupation earned $209,310, and the lowest 10% earned $75,380.

Here are some of the most in-demand jobs for Actuarial Science majors:

These careers are not only in high demand but also offer strong salary potential and job opportunities.

Attending a public university with in-state tuition is typically the most affordable option for actuarial science master's students, with an average graduate tuition of $19,792 for the 2019-2020 school year.

The cost of earning a master's degree in actuarial science varies by program, and factors such as school type, program format, and residency status affect the price. Along with tuition, students incur other costs like books, technology fees, room and board, and travel.

To manage these costs, actuarial science master's students can explore college financing options, including fellowships, scholarships, grants, and loans.

Actuaries play a crucial role in commerce and the insurance industry, analyzing potential risks and assessing their impact on companies.

Actuarial science degrees online are becoming increasingly popular, offering convenience and flexibility compared to traditional on-campus programs.

Some of the best actuarial science colleges offer online degrees, which can be completed asynchronously, making it easier for students to balance work and other responsibilities.

Online actuarial science programs often feature added affordability and the chance to graduate more quickly, which can be a significant advantage for students.

Most online actuarial science programs are offered in MS or MA formats, focusing on scientific and technical subjects or emphasizing the humanities, respectively.

Program length can vary, with some schools offering accelerated one-year options or extended timelines for part-time students.

The cost of a master's degree in actuarial science can be a significant investment, but it's essential to understand what you're getting into. The average graduate tuition at a public institution was $19,792 for the 2019-2020 school year.

Attending a public university can be the most affordable option, especially if you can pay in-state tuition. This can make a big difference in the overall cost of your education.

Other costs to consider include books, technology fees, room and board, and travel. These expenses can add up quickly, so it's crucial to factor them into your budget.

Fortunately, there are ways to finance your degree, including fellowships, scholarships, grants, and loans. By exploring these options, you can make your education more affordable.

Pursuing a bachelor's degree can be a significant investment, but is it worth it? The median annual wage for actuaries with a bachelor's in actuarial science is a whopping $120,000.

According to the BLS, the highest 10% of earners in the occupation can make up to $209,310 per year. This suggests that a degree in actuarial science can lead to high-paying job opportunities.

Students who attend the best schools for actuarial science are prepared to enter jobs in the insurance, finance, and business industries. This can open doors to a wide range of career paths.

The lowest 10% of earners in the occupation still manage to make a decent $75,380 per year. This shows that even entry-level positions in actuarial science can be relatively well-paying.