Actuarial Science Oakland University

Overview

The Actuarial Science programme at Oakland University provides a rigorous interdisciplinary education that combines mathematics, statistics, and finance. Students enrolled in this course benefit from a curriculum designed to meet the evolving demands of the global insurance and financial sectors while developing essential risk management skills.

This degree is delivered through a unique collaboration between the Department of Mathematics and Statistics and the Department of Economics. By integrating diverse academic fields, the programme ensures that graduates possess a well-rounded understanding of how data technology and economic theory intersect within the modern business landscape.

Why Actuarial Science at Oakland University?

Oakland University holds a prestigious distinction shared by fewer than one percent of business schools worldwide, boasting dual accreditation in business and accounting from the AACSB. This ensures that the education provided meets the highest international standards of academic excellence and professional relevance.

The programme offers exceptional hands-on opportunities, including the chance to participate in the Student Managed Investment Fund. Here, students gain practical experience by supervising a multi-million dollar portfolio containing stocks, bonds, and real estate, bridging the gap between theoretical classroom learning and real-world financial application.

Located within the diversified economy of Southeast Michigan, the institution provides students with extensive networking links and internship possibilities. Faculty members often bring years of industry experience into the classroom, offering insights that help students navigate the complexities of the actuarial profession effectively.

Tuition Fee Breakdown

• International fee: USD 23867 per year
• National fee: USD 23867 per year
• Local fee: USD 16772 per year

Visit the Fees and Funding section for a breakdown in your local currency.

Syllabus

The curriculum focuses on building a strong foundation in quantitative analysis and business communication. Modules may include:

• Calculus
• Probability
• Statistics
• Economics
• Financial Accounting
• Investment Analysis
• Business Analytics
• Information and Data Management
• Business Writing

Careers with Actuarial Science

Graduates are highly sought after by employers, with a significant majority securing professional roles or entering graduate school shortly after completion. The programme includes a dedicated three-course sequence focused on professional polish, covering essential skills such as CV writing and interview techniques to ensure job market readiness.

The skills acquired during the programme prepare students for diverse roles across the public and private sectors. Common career pathways for graduates include positions in risk evaluation, business forecasting, insurance underwriting, and financial consultancy within banks or government agencies.

Beyond traditional insurance roles, graduates often find success in retirement fund management and strategic leadership positions. The broad business orientation of the degree ensures that alumni can contribute to high-level decision-making processes, making them valuable assets to any organisation focused on long-term financial stability.