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Actuarial Science, B.Sc.

  • Application Deadline
  • 48 months
    Duration

About

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.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 48 months
  • Languages
    • English
  • Delivery mode
    On Campus

Programme Structure

For more information, please visit the programme website.

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.

    Schedule IELTS
  • 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®

General Requirements

The following items are required in order for international students to be considered for freshman or transfer admission to Otterbein University. Once all your application materials have been submitted, we can typically send you an application decision within 2-4 weeks.  Our application review is holistic, meaning it takes into consideration many factors such as your test scores, essay, and involvement outside of the classroom.

  • Common Application, including essay.
  • $50 Application fee.
  • Official transcripts/documents for four years of high school/secondary school (grades 9-12).

Admission to Otterbein is based on a student’s overall potential for academic success. Decisions are made after a holistic review.

Tuition Fee

  • International

    32042 USD/year
    Tuition Fee
    Based on the original amount of 32042 USD per year and a duration of 48 months.
  • National

    32042 USD/year
    Tuition Fee
    Based on the original amount of 32042 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 Westerville

  • 1189 - 1970 USD/month
    Living Costs

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

Funding

International Undergraduate Scholarships ($12,000 – $15,000)

  • Students are automatically considered for this merit-based scholarship at the time of application. This award is based on a combination of factors including test scores and academic performance. 

Talent & Departmental Scholarships ($500 – $4,000)

  • Otterbein recognizes individual talents, experiences and passions through special interest awards in art, dance, music, theatre, community service, student leadership, and other talents.

International Baccalaureate (IB) Scholarships ($1,000 – $5,000)

  • Awarded to recognize participation in the International Baccalaureate (IB) Programme. Students taking at least two courses are eligible.

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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