Overview

The Actuarial Science Specialization at University of Maryland, Baltimore County (UMBC) is designed for quantitative-minded students looking to apply advanced mathematical and statistical models to evaluate financial risk in insurance, finance, and related industries. Offered through the Department of Mathematics and Statistics, this interdisciplinary track can be paired with majors in Statistics, Mathematics, or Economics, as well as minors in Computer Science. The program provides targeted preparation for preliminary professional exams administered by the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS), while embedding required Validation by Educational Experience (VEE) coursework directly into the degree.

Students in the Actuarial Science track take a specialized curriculum designed to satisfy core actuarial competencies across risk theory, mathematical statistics, programming, and financial economics. Specialized coursework directly aligns with preliminary actuarial exams, including Exam P (Probability), Exam FM (Financial Mathematics), and Exam IFM (Investment and Financial Markets). Students gain hands-on proficiency in data manipulation, programming, and statistical modeling using tools like Python, R, and Excel alongside coursework in stochastic processes and data analysis.

Graduates of the Actuarial Specialization transition directly into analytical and risk management roles across the financial services sector. Common career pathways include positions as actuarial analysts, risk managers, underwriters, data analysts, and quantitative consultants for insurance companies, financial institutions, government agencies, and consulting firms. For international graduates, quantitative degrees paired with professional credentials position candidates well for high-demand STEM roles and global opportunities in risk evaluation.

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Programme Structure

Courses include:

Introduction to Probability Theory
Financial Mathematics
Investment and Financial Markets
Introduction to Mathematical Statistics
Introduction to Stochastic Processes

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Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2027-01-26 00:00:00
- Apply before 2026-12-01 00:00:00
Starting 2027-08-26 00:00:00
- Apply before 2027-02-01 00:00:00

Language

English

Duolingo English Test

115

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TOEFL^® IBT

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IELTS

6.5

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Credits

120 SCH

Delivered

On Campus

Campus Location

Baltimore Highlands, United States

Disciplines

Actuarial Science View 260 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

Duolingo English Test

115

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TOEFL^® IBT

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IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

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AI-powered IELTS feedback. Clear, actionable, and tailored to boost your writing & speaking score. No credit card or upfront payment required.

Trusted by 300k learners
98 accuracy using real exam data
4.9/5 student rating

Other requirements

General requirements

Official Transcript: Submission of official academic transcripts.
International Transcripts: For international applicants, submission of transcripts from previous educational institutions.
Evidence of Official English Proficiency: Proficiency proof through standardized English language exams (e.g., TOEFL, IELTS).
Standardized Test Scores: Submission of standardized test scores (e.g., SAT, ACT).
Letters of Recommendation: Submission of letters supporting the applicant's academic and personal qualifications.

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Tuition Fees

Tuition fees are shown in and the most likely applicable fee is shown based on your nationality.

International Applies to you

Applies to you

Non-residents

36604 USD / year

≈ 36604 USD / year

Funding

The Global Excellence Award funds partial tuition costs (up to $15,000 per

year) for first year undergraduate students admitted for the Fall semester.

Students automatically considered after admission, if applied by the Regular Deadline
Minimum 3.0 GPA (on a U.S. scale or equivalent) required to qualify
Renewable for up to 4 years

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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.

About

Overview

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Programme Structure

Check out the full curriculum

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

Explore more key information

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Make sure you meet all requirements

Tuition Fees

International Applies to you

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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