Overview

The Actuarial Mathematics programme at the University of Michigan provides students with a sophisticated foundation in risk assessment and financial theory. This curriculum is designed to bridge the gap between theoretical mathematical concepts and their practical applications within the insurance and pension industries.

Students engage with complex statistical models and financial mathematics to solve real-world problems involving uncertainty. The academic structure ensures that graduates are well-equipped to navigate the professional examination process required for actuarial certification.

Why Actuarial Mathematics at the University of Michigan?

The institution is recognised for its long-standing tradition of excellence in quantitative sciences and its commitment to producing industry-ready professionals. Students benefit from a collaborative learning environment that emphasises analytical precision and ethical financial practices.

The department maintains strong connections with professional bodies, ensuring the curriculum remains aligned with current global standards. Facilities include modern computing labs and dedicated research spaces that support intensive data analysis and mathematical modelling.

Tuition Fee Breakdown

International fee: USD 63962 per year
National fee: USD 63962 per year
Local fee: USD 18346 per year

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

Syllabus

The curriculum focuses on the core competencies required for modern risk management and financial analysis. Modules may include:

Probability
Financial Mathematics
Statistics
Life Contingencies
Loss Models
Risk Theory
Numerical Analysis
Applied Regression

Careers with Actuarial Mathematics

Graduates from this programme frequently secure positions as actuaries, risk analysts, and financial consultants within global insurance firms and consultancy groups. The analytical skills developed are also highly valued in investment banking, government agencies, and corporate finance departments.

Many alumni progress to senior leadership roles, managing large-scale pension funds or designing innovative insurance products. The degree provides a versatile platform for careers in any sector that requires high-level quantitative decision-making and predictive modelling.

Programme Structure

Courses include:

Differential
Equations

Finance

Probability

Statistics
Actuarial Society

Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2027-01-13 00:00:00
- Apply before 2026-10-01 00:00:00
Starting 2027-08-31 00:00:00
- Apply before 2027-02-01 00:00:00

Language

English

TOEFL^® IBT

100

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PTE Academic

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IELTS

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Credits

120 SCH

Delivered

On Campus

Campus Location

Ann Arbor, United States

Disciplines

Applied Mathematics Actuarial Science View 322 other Bachelors in Applied Mathematics 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

TOEFL^® IBT

100

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PTE Academic

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IELTS

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98 accuracy using real exam data
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Other requirements

General requirements

Completed Common Application or Coalition Application with $75 application fee* payment (Please note that both application options include specific University of Michigan questions, and there is no advantage to submitting one over the other.)

High school transcript (additional requirements by country)

School Report (Common App) or Counselor Recommendation (Coalition App)*

One Teacher Evaluation (academic teacher)

SAT or ACT score

TOEFL, MELAB, or IELTS scores (for non-native speakers of English)

Official college transcripts (for high school students dual enrolled in a college or university; additional requirements by country)

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

63962 USD / year

≈ 63962 USD / year
Out-of-State

63962 USD / year

≈ 63962 USD / year
Domestic

Applies to you

In-State

18346 USD / year

≈ 18346 USD / year

Additional Details

Upper Division (Juniors/Seniors): Resident- $19,960/ Nonresident- $65,216

Living costs

Ann Arbor

United States

1025 - 1870 USD / month

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 Mathematics.

Available Scholarships

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

About

Overview

Programme Structure

Key information

Duration

Start dates & application deadlines

Language

Prepare for Your English Test

Credits

Delivered

Campus Location

Disciplines

What students do after studying

Academic requirements

English requirements

Prepare for Your English Test

Other requirements

General requirements

Tuition Fees

International Applies to you

Domestic

Additional Details

Living costs

Ann Arbor

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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