Overview

The field of actuarial science centers on data analytics for risk assessment. The Actuarial Science major curriculum at University of Wisconsin Madison prepares students for careers with insurance companies, consulting firms, healthcare organizations, and government organizations. Courses offered cover the material of the preliminary examinations of the Casualty Actuarial Society and the Society of Actuaries as well as more advanced subjects such as regression analysis, health analytics, and machine learning. While it is not required for students to sit for actuarial exams, more than 90% of our students pass at least two professional exams before they graduate.

The actuarial science program distinguishes itself through leadership, innovation, community, connections, networks, and recognition.

Key Facts

Actuaries are problem solvers with expertise in understanding and managing financial risk. They use historical information and models to help predict the future. Actuaries may specialize in life and health (risk of illness, disability or death), pensions (develop and analyze retirement programs) or property and casualty (personal property risks and risks associated with businesses).
Some of our actuarial students utilize the analytical and technical skills they learn in the actuarial program and apply those skills to pursue data analytics or data science as a career. They may do this in the risk and insurance industry or in any industry that has the need to analyze, project and make decisions from large amounts of data.

Programme Structure

Courses include:

The Theory of Probability
Theory and Methods of Mathematical Statistics
Actuarial Science Methods
Actuarial Mathematics
Loss Models
Regression and Time Series for Actuaries
Machine Learning for Business Analytics

Key information

Duration

Full-time
- 48 months

Start dates & application deadlines

Starting 2027-09-02 00:00:00
- Apply before 2027-01-15 00:00:00

Language

English

Duolingo English Test

115

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IELTS

6.5

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Credits

119 SCH

Delivered

On Campus

Campus Location

Madison, United States

Disciplines

Actuarial Science View 263 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

Take A Free Practice Test!

TOEFL^® IBT

Schedule TOEFL®

IELTS

6.5

Prepare for Your English Test

Cathoven AI IELTS Preparation

Learn your IELTS Score

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

Admissions application
Application fee
Course and grade information from grades 9-12
Two essays: tell us about your academic and personal achievements
One required letter of recommendation
English language proficiency
Official test scores: scores from either the ACT or the SAT

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

44210 USD / year

≈ 44210 USD / year
Out-of-State

44210 USD / year

≈ 44210 USD / year
Domestic

Applies to you

In-State

12186 USD / year

≈ 12186 USD / year

Additional Details

Minnesota Resident: $16,638

Living costs

Madison

United States

1015 - 1752 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 Science.

Available Scholarships

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

About

Overview

Key Facts

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

Madison

Funding

Need help with your student visa?

Scholarships Information

Available Scholarships

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