Actuarial Science | Fastweb

Actuarial Science

Actuarial science is the discipline that applies mathematical and statistical methods to assess risk in insurance, finance and other industries and professions. Actuaries are professionals trained in this discipline. In many countries, actuaries must demonstrate their competence by passing a series of rigorous professional examinations.

Actuarial science includes a number of interrelated subjects, including mathematics, probability theory, statistics, finance, economics, and computer science. Historically, actuarial science used deterministic models in the construction of tables and premiums. The science has gone through revolutionary changes since the 1980s due to the proliferation of high speed computers and the union of stochastic actuarial models with modern financial theory (Frees 1990).

Many universities have undergraduate and graduate degree programs in actuarial science. In 2010, a study published by job search website CareerCast ranked actuary as the #1 job in the United States (Needleman 2010). The study used five key criteria to rank jobs: environment, income, employment outlook, physical demands, and stress. A similar study by U.S. News & World Report in 2006 included actuaries among the 25 Best Professions that it expects will be in great demand in the future (Nemko 2006).

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Matching Actuarial Science Colleges

Columbia University in the City of New York
Four or more years; Private not for profit; $48,989 average out-state tuition; $48,989 average in-state tuition
University of Illinois at Urbana-Champaign
Four or more years; Public; $31,681 average out-state tuition; $14,255 average in-state tuition
Carnegie Mellon University
Four or more years; Private not for profit; $52,732 average out-state tuition; $52,732 average in-state tuition
Georgia State University
Four or more years; Public; $21,843 average out-state tuition; $6,984 average in-state tuition
Temple University
Four or more years; Public; $27,528 average out-state tuition; $15,768 average in-state tuition
University of Connecticut
Four or more years; Public; $34,066 average out-state tuition; $11,998 average in-state tuition
University of Nebraska-Lincoln
Four or more years; Public; $22,425 average out-state tuition; $7,125 average in-state tuition

Scholarships for Actuarial Science Majors

name award deadline

President's Scholarship - Texas Wesleyan University

Texas Wesleyan University

Up to $12,000 Varies See Details

President's Scholarship - Texas Wesleyan University

Texas Wesleyan University

award

Up to $12,000

deadline

Varies
See Details

Mas Family Scholarship

Mas Family Scholarships

Up to $10,000 Varies See Details

Mas Family Scholarship

Mas Family Scholarships

award

Up to $10,000

deadline

Varies
See Details

Christine and Clarence Day Business Scholarship

University of Mississippi

$10,000 Varies See Details

Christine and Clarence Day Business Scholarship

University of Mississippi

award

$10,000

deadline

Varies
See Details

3M Business Development Fellowship

University of Minnesota, Carlson School of Management

$10,000 Varies See Details

3M Business Development Fellowship

University of Minnesota, Carlson School of Management

award

$10,000

deadline

Varies
See Details

Business Information Technology Advantage Scholarship - University of Montana, Montana Tech

University of Montana at Montana Tech

$6,700 Varies See Details

Business Information Technology Advantage Scholarship - University of Montana, Montana Tech

University of Montana at Montana Tech

award

$6,700

deadline

Varies
See Details

School of Business Gold Scholarship - TSU

Texas Southern University

$6,000 Varies See Details

School of Business Gold Scholarship - TSU

Texas Southern University

award

$6,000

deadline

Varies
See Details

Goldman Sachs Scholarship for Excellence

Goldman, Sachs and Co.

Up to $10,000 Varies See Details

Goldman Sachs Scholarship for Excellence

Goldman, Sachs and Co.

award

Up to $10,000

deadline

Varies
See Details

Frances C. Amos School of Business Admin. Alumni Affiliate Scholarship

Oakland University

$5,000 Varies See Details

Frances C. Amos School of Business Admin. Alumni Affiliate Scholarship

Oakland University

award

$5,000

deadline

Varies
See Details

Beverly McAllister Parker Scholarship

Southern Nazarene University, School of Business

$5,000 Varies See Details

Beverly McAllister Parker Scholarship

Southern Nazarene University, School of Business

award

$5,000

deadline

Varies
See Details

John L. and Margaret S. Fraley Scholarship

University of North Carolina at Charlotte

$4,000 Varies See Details

John L. and Margaret S. Fraley Scholarship

University of North Carolina at Charlotte

award

$4,000

deadline

Varies
See Details