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Actuarial Science, B.Sc.

  • Application Deadline
  • 48 months
    Duration
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Overview

The competitive Actuarial Science profession at Indiana University South Bend requires mathematics graduates to have analytical, statistical, and computational skills, which allow them to solve industrial problems, predict the financial effects of uncertain future events, and carry out decision-making analyses. 

Learning outcomes

Students graduating from the program who plan to pursue careers in actuarial science can expect to succeed on the first one or two professional actuarial science examinations, and thus be ready to enter the actuarial profession. Students graduating from the program who choose not to become actuaries are well prepared to enter industry and work in such areas as quality control, computational analysis, information management, forecasting, risk analysis, simulation, and finance. A student wishing to pursue graduate study in mathematics or business is certainly prepared for either discipline.

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:

  • Calculus 
  • Linear Algebra and Applications 
  • Calculus 
  • Topics Course: Problem Seminar in Actuarial Science 
  • Mathematical Models and Applications 
  • Mathematical Models and Applications 2 (actuarial modeling) 
  • The Mathematics of Finance 
  • Introduction to Probability Theory 
  • Introduction to Mathematical Statistics

English Language Requirements

  • Minimum required score:

    71

    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.

  • Minimum required score:

    6

    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.

    Start practicing IELTS today!

General Requirements

  • Eight semesters of English or the language of instruction
  • Six to eight semesters of mathematics
  • Six to eight semesters of natural sciences (biology, chemistry, physics)
  • Six semesters of social science (economics, government, history, psychology, or sociology)
  • Eight semesters of foreign language, fine arts, computer science, or technical skills

Tuition Fee

  • International

    19346 USD/year
    Tuition Fee
    Based on the original amount of 9673 USD per semester and a duration of 48 months.
  • National

    19346 USD/year
    Tuition Fee
    Based on the original amount of 9673 USD per semester and a duration of 48 months.
  • In-State

    6894 USD/year
    Tuition Fee
    Based on the original amount of 3447 USD per semester 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 South Bend

  • 885 - 1440 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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