Studyportals
B.Sc. On Campus

Actuarial Science

Oakland University

48 months
Duration
24708 USD/year
24708 USD/year
13934 USD/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

The Actuarial Science program at Oakland University prepares students for jobs in the field, as well as provides the educational background to pursue an advanced degree in economics, mathematics, statistics or business administration.

Overview

About the Program

A blend of mathematics, economics, statistics and finance, the Actuarial Science program at Oakland University positions graduates to become experts in evaluating the likelihood of undesirable events and decreasing their impact.

Actuarial science is a discipline in which complex data sets are used to analyze risk probabilities and their associated costs. Corporations rely on actuarial risk evaluation to frame their strategic management decisions. Actuaries are employed by the insurance industry, corporations, the government and/or individuals. To become an actuary, a strong background in mathematics, statistics, economics and finance is required.

Actuaries are experts in many aspects:

  • Evaluating the likelihood of future events
  • Designing creative ways to reduce the likelihood of undesirable events
  • Decreasing the impact of undesirable events that do occur

Common Careers:

  • Actuary
  • Cost Estimator
  • Insurance Underwriter

Programme Structure

Courses include:

  • Calculus
  • Probability and Statistics
  • Principles of Microeconomics
  • Managerial Economics
  • Financial Accounting
  • Finance for Actuarial Science

Key information

Duration

  • Full-time
    • 48 months

Start dates & application deadlines

Delivered

On Campus

Academic requirements

GPA admission requirements GPA
2.5

Other requirements

General requirements

  • A completed Oakland University admission application. While an essay is optional, interested students may choose to include an essay for consideration
  • Cumulative high school grade point averages of 3.2 or above. Applicants with cumulative grade point averages below 3.2, but above 2.5, may be admitted after consideration of the quality of academic preparation. Scholarship awards are based on a student's academic record at the time of admission
  • SAT or ACT scores are no longer required for the incoming classes, for students with a minimum high school GPA of 2.5
  • Number and types of college preparatory courses
  • Positive trend of grades
  • English language proficiency test score reports

Tuition Fee

To alway see correct tuition fees
  • International

    24708 USD/year
    Tuition Fee
    Based on the tuition of 24708 USD per year during 48 months.
  • National

    24708 USD/year
    Tuition Fee
    Based on the tuition of 24708 USD per year during 48 months.
  • In-State

    13934 USD/year
    Tuition Fee
    Based on the tuition of 13934 USD per year during 48 months.

Living costs for Rochester Hills

1000 - 1500 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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Actuarial Science
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Oakland University

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