48 months
38654 USD/year
38654 USD/year
10766 USD/year
Tuition fee
Apply date
Start date


Actuarial Science involves the construction and management of insurance and pension systems using knowledge from statistics/data science, mathematics, economics, finance, and computer science. This bachelor degree is offered at the University of Wisconsin Madison. 


The field of actuarial science centers on data analytics for risk assessment. The Actuarial Science major curriculum at the 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.


  • 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


  • Full-time
    • 48 months

Start dates & application deadlines

More details

Fall Early Action: November 1


120 alternative credits


On Campus

Academic requirements

We are not aware of any academic requirements for this programme.

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

Start 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 University of Wisconsin Madison and/or in United States, please visit Student Insurance Portal.

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 Fee

To alway see correct tuition fees
  • International

    38654 USD/year
    Tuition Fee
    Based on the tuition of 38654 USD per year during 48 months.
  • National

    38654 USD/year
    Tuition Fee
    Based on the tuition of 38654 USD per year during 48 months.
  • In-State

    10766 USD/year
    Tuition Fee
    Based on the tuition of 10766 USD per year during 48 months.

Wisconsin School of Business Tuition Differential:

  • Wisconsin residents and non-residents are charged an additional $1,000.08

Living costs for Madison

1015 - 1752 USD /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


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.

Our partners

Actuarial Science
University of Wisconsin Madison


Go to your profile page to get personalised recommendations!