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Actuarial Science, B.Sc.

  • Application Deadline
  • 48 months
    Duration
University rank #161 (BCR) Iowa City, IA, United States
The University of Iowa offers a Bachelor degree in Actuarial Science. Actuaries play an important role in today’s world. They are business executives, professionally trained in the mathematical sciences, who specialize in evaluating financial risk. Determining the level of risk allows actuaries to design, analyze, price, and refine insurance programs that meet society’s needs.
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Overview

Iowa has one of the nation’s oldest and most prestigious actuarial science programs. Its internationally known faculty, its students’ high success rate on professional exams, and its graduates’ high job placement rate have earned the program a reputation as perhaps the best in the country.

At the University of Iowa, we offer a bachelor degree program in Actuarial Science. Actuarial science students are encouraged to explore areas related to the major. For example, you'll be able to take courses offered by the Vaughan Institute of Risk Management and Insurance and the Department of Finance in the Tippie College of Business.

Career Development

  • Iowa graduates have job placement rates ranging from 86-100 percent, depending on their area of study, and our Pomerantz Career Center offers multiple resources to help students find internships and jobs.
  • Most actuaries are employed by insurance companies or employee benefits consulting firms. They have responsibilities related to all phases of product development and maintenance for their companies.
  • Individual employers who need guidance in establishing employee insurance and retirement programs also hire actuarial science graduates. A growing number of actuaries work in asset/liability management, some in investment firms, and others in insurance companies.
  • Actuaries are in high demand and earn good salaries. Most Iowa graduates find work as actuaries, but some become financial managers and teachers. They take positions in locations all across the country, often in large metropolitan areas.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 48 months
  • Credits
    120 alternative credits
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

Courses include: 

  • Introduction to Linear Algebra 
  • Introduction to Mathematical Statistics
  • Calculus 
  • Introduction to Mathematical Statistics 
  • Mathematics of Finance
  • Quantitative Methods for Actuaries

English Language Requirements

  • Minimum required score:

    6.5

    The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.

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  • Minimum required score:

    80

    The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.

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  • Minimum required score:

    530

    The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.

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General Requirements

To be admitted, you must:

  • Meet the high school course requirements.
  • Meet the Regent Admission Index (RAI) score requirement of 245 or higher for Iowa residents, 255 or higher for residents of other states.

Tuition Fee

  • International

    31793 USD/year
    Tuition Fee
    Based on the original amount of 31793 USD per year and a duration of 48 months.
  • National

    31793 USD/year
    Tuition Fee
    Based on the original amount of 31793 USD per year and a duration of 48 months.
  • In-State

    9830 USD/year
    Tuition Fee
    Based on the original amount of 9830 USD per year and a duration of 48 months.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Iowa City

  • 1187 - 1850 USD/month
    Living Costs

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

Funding

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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