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Actuarial Science, B.Sc.

  • Application Deadline
  • 48 months
    Duration
, IN,
Actuaries use mathematics and financial theory to determine the financial effect that uncertain future events such as birth, death, retirement, fire, accident, and sickness have on insurance and other benefit plans. Actuaries may work for insurance companies, employee benefits, consulting firms, or the benefits department of general business and government agencies.

About

The competitive actuarial profession 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. 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
  • Languages
    • English
    Schedule TOEFL® Schedule IELTS
  • Delivery mode
    On Campus

Programme Structure

Courses include:
  • Calculus I 
  • Calculus II 
  • Linear Algebra and Applications 
  • Calculus III
  • Topics Course: Problem Seminar in Actuarial Science 
  • Introduction to Differential Equations I 
  • 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

                    You only need to take one of these language tests:

                    • Minimum required score:

                      79

                      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 ®.

                      Schedule TOEFL®

                    • Minimum required score:

                      550

                      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.

                      Schedule TOEFL®

                    • 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.

                      Schedule IELTS

                    Academic Requirements

                    Application checklist for National students:

                    • Complete the Application for Admission & Pay the Application Fee ($35) 
                    • Submit Your Credentials  (high school transcript /GED/high school equivalency diploma and exam scores, and any college transcripts)  
                    • Submit Your SAT or ACT Scores 
                    • Receive Notice of Admission Decision

                    Application checklist for International students:

                    • Online Application 
                    • Application Fee ($65)
                    • Official Academic Records
                    • English Language Proficiency Documentation
                    • Statement of Purpose (optional)
                    • Immigration Documentation (non-US citizens only; not required for an admission decision)
                    • Documentation of Financial Support (those seeking F-1 status only; not required for an admissions decision)

                     

                    Tuition Fee

                    • International

                      9215 USD/year
                      Tuition Fee
                      Based on the original amount of 9215 USD per year and a duration of 48 months.

                    • National

                      3300 USD/year
                      Tuition Fee
                      Based on the original amount of 3300 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 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.

                    The Global Study Awards: get funded with up to £10,000 to study abroad

                    Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.

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