Actuaries are not required to have any particular major in college, but in 2016 Calvin University introduced an Actuarial Science major to help prepare students for this growing career. These students typically take one or more of the actuarial exams before graduating and often have a summer internship at an actuarial company.
Actuarial Science, B.Sc.
- UnknownApplication Deadline
- 48 monthsDuration
- UnknownTuition Fee37600 USD/yearTuition Fee37600 USD/yearTuition Fee
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Overview
Actuaries construct and interpret mathematical models to evaluate the likelihood of possible future events. They also design ways to reduce the negative consequences of the possible outcomes of these events.
To become an actuary, you need to meet a series of requirements set by the Society of Actuaries or one of the other more specialized actuarial societies. These requirements consist of educational experiences (college courses), a series of tests and some specialized short courses offered by the Society.
Typically, you will meet the educational experience requirements in college and take one or two tests before you graduate Actuarial Science major of Calvin University . After graduation from college, most prospective actuaries immediately take positions in the industry and continue taking tests while on the job. Most employers pay for these tests and many give paid time off to study for them. There are also graduate programs in actuarial science, but they are not necessary and a majority of actuaries do not follow this route.
Career:
After graduation from college, most prospective actuaries immediately take positions in the industry and continue studying for and taking actuarial exams while on the job. Most employers pay for these tests and many give paid time off to study for them. There are also graduate programs in actuarial science, but they are not necessary and a majority of actuaries do not follow this route.
Detailed Programme Facts
- More details:
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Starting in
You can apply until:
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Everyone
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Always verify the dates on the programme website.
· National: Aug 15
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- Programme intensity Full-time
- Full-time duration 48 months
- Credits 124 alternative credits
- Languages
- English
- Delivery mode On Campus
Programme Structure
Courses include:
- Financial Accounting
- Corporate Finance
- Investments
- Special Topics in Finance
- Principles of Microeconomics
- Principles of Macroeconomics
English Language Requirements
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Minimum required score:
80The 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.
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Minimum required score:
6.5The 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.
Start practicing IELTS today! -
Minimum required score:
550The 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.
Academic Requirements
You need the following GPA score:
Required score: 3.83
Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to 3.83 on a US 4.0 grading scale. Admitted applicants typically have an undergraduate GPA of or better on a 4.0 scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).
Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).
General Requirements
To apply to Calvin, please submit the following:
- Calvin University Application OR The Common Application
- High school transcript – submitted by your guidance counselor through the application.
- Official college/university transcripts – if you’ve done any college or university course work.
Tuition Fee
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International Applies to you
37600 USD/yearTuition FeeBased on the original amount of 37600 USD per year and a duration of 48 months. -
National Applies to you
37600 USD/yearTuition FeeBased on the original amount of 37600 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 Grand Rapids
- 990 - 1710 USD/monthLiving 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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