Overview

An actuary is a business professional who uses mathematical skills to define, analyze, and solve complex business and social problems.
The Actuarial Science major at Pennsylvania State University stresses the application of mathematical and statistical concepts to the measurement of life, health, pensions, and other contingencies, while at the same time giving the student a broad understanding of the business environment.
The curriculum is designed to prepare students for the series of professional examinations needed in order to be a practicing actuary.
Students are encourage to complete several of these exams prior to graduation with employers providing assistance to complete the remaining exams.

Careers

Actuarial Science has been rated among the top career paths in the nation by media outlets including The Wall Street Journal and Forbes magazine.
Smeal Actuarial Science students are highly sought by industry and government for internships and full-time employment.

Due to the size and success of the Actuarial Science program, one of the largest career fairs in the country is held in the Business Building attracting more than 30 companies annually.

Programme Structure

Courses include:

Risk Management and Insurance
Financial Mathematics for Actuaries
Private Pensions
Property, Casualty, and Health Insurance
Actuarial Mathematics
Life and Health Insurance
Probability Theory
Modeling for Actuarial Science
Statistical Programming in SAS

Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2026-01-12 00:00:00
- Apply before 2025-10-01 00:00:00
Starting 2026-05-18 00:00:00
- Apply before 2025-11-01 00:00:00
Starting 2026-08-25 00:00:00
- Apply before 2025-11-01 00:00:00

Language

English

IELTS

6.5

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120

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Credits

120 SCH

Delivered

On Campus

Campus Location

University Park, United States

Disciplines

Actuarial Science View 296 other Bachelors in Actuarial Science in United States

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Academic requirements

We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.

English requirements

IELTS

6.5

Free IELTS Mock Tests!

TOEFL^® IBT

Schedule TOEFL®

Duolingo English Test

120

Take A Free Practice Test!

Check IELTS test dates and locations. Book an IELTS test now!

Other requirements

General requirements

Application
Official secondary school records
Official transcripts
Official test scores: SAT or ACT
English language proficiency if your native language is not English

Student insurance

Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:

Additional medical costs (i.e. dental)
Repatriation, if something happens to you or your family
Liability
Home contents and baggage
Accidents
Legal aid

We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.

Get your student insurance now

Starting from €0.53/day, free cancellation any time.

Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at Pennsylvania State University and/or in United States, please visit Student Insurance Portal.

Tuition Fee

To always see correct tuition fees

International

43490 USD/year

Tuition Fee

Based on the tuition of 43490 USD per year during 48 months.
National

43490 USD/year

Tuition Fee

Based on the tuition of 43490 USD per year during 48 months.
In-State

21098 USD/year

Tuition Fee

Based on the tuition of 21098 USD per year during 48 months.

Living costs for University Park

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

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Scholarships Information

Below you will find Bachelor's scholarship opportunities for Actuarial Science.

Available Scholarships

You are eligible to apply for these scholarships but a selection process will still be applied by the provider.

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