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 StructureCourses 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
- 48 months
Start dates & application deadlines
- Apply before
- Apply before
Fall Early Action: November 1
DisciplinesMathematics Accounting Actuarial Science View 989 other Bachelors in Actuarial Science in United States
We are not aware of any academic requirements for this programme.
- 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
International38654 USD/yearTuition FeeBased on the tuition of 38654 USD per year during 48 months.
National38654 USD/yearTuition FeeBased on the tuition of 38654 USD per year during 48 months.
In-State10766 USD/yearTuition FeeBased 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
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.
Apply and win up to €10000 to cover your tuition fees.