Actuarial science is the study of problems of insurance and finance through mathematical modeling. Actuaries develop theoretical models to evaluate the current financial implications of uncertain future events. As such, actuaries requires a combination of strong analytical skills, business knowledge, and understanding of human behavior to manage complex risks facing our society.
Actuarial Science Program
Otterbein University is the first private university in Ohio offering a BS in Actuarial Science. Our students receive closely-directed classroom instruction and individualized advising. Our program provides preparation for the professional actuarial examinations administered by the Casualty Actuary Society and the Society of Actuaries.
We also offer courses approved by Society of Actuaries and Casualty Actuarial Society which cover all three Validation by Education Experience (VEE) exams. These are required for actuarial certification.
What does an actuary do?
Actuaries analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits (Bureau of Labor Statistics).
How much does an actuary make?
Actuaries are well compensated. Beginning salaries for actuaries with a bachelor’s degree range from $50,000 to $65,000 annually. Experienced Fellows have the potential to earn from $150,000 to $250,000 annually.
Where does an actuary work?
The insurance industry, private corporations, consulting firms, and the government. Actuaries also work for banks and investment firms, public accounting firms, labor unions, rating bureaus, and fraternal organizations.
Get more detailsVisit official programme website
- Financial Mathematics
- Models for Financial Economics
- Actuarial Models
- Loss Models
- Predictive Analytics
- Data Modeling and Management
- Principles of Microeconomics
- Principles of Macroeconomics
- 48 months
Start dates & application deadlines
- Apply before , International
- Apply before , International
DisciplinesMathematics Accounting Actuarial Science View 1902 other Bachelors in Mathematics in United States
We are not aware of any academic requirements for this programme.
- Common Application, including essay.
- $50 Application fee.
- Official transcripts/documents for four years of high school/secondary school (grades 9-12).
- Official Bank Statement(s) and Sponsor Guarantee form.
- Copy of passport and current visa (if applicable).
- All test scores must be reported directly from the testing center.
- Foreign language documents must be translated into English by the issuing institution, a certified translator or English teacher.
- SAT and ACT test scores and letters of recommendation are optional and may be submitted if they strengthen your application.
International32624 USD/yearTuition FeeBased on the tuition of 32624 USD per year during 48 months.
National32624 USD/yearTuition FeeBased on the tuition of 32624 USD per year during 48 months.
Living costs for Westerville
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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.
Apply and win up to €10000 to cover your tuition fees.
Due for update
Updated over a year ago
Check the official programme website for potential updates.