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
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Drexel University
Four or more years; Private not for profit; $54,766 average out-state tuition; $54,766 average in-state tuition |
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University of Illinois Urbana-Champaign
Four or more years; Public; $34,444 average out-state tuition; $14,446 average in-state tuition |
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Carnegie Mellon University
Four or more years; Private not for profit; $57,560 average out-state tuition; $57,560 average in-state tuition |
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University of Connecticut
Four or more years; Public; $37,698 average out-state tuition; $15,030 average in-state tuition |
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Ohio State University-Main Campus
Four or more years; Public; $34,101 average out-state tuition; $11,018 average in-state tuition |
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University of Nebraska-Lincoln
Four or more years; Public; $24,900 average out-state tuition; $7,770 average in-state tuition |
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University of California-Los Angeles
Four or more years; Public; $41,196 average out-state tuition; $11,442 average in-state tuition |
Scholarships for Actuarial Science Majors
Siebel Scholars ProgramSiebel Scholars Foundation |
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award $35,000 |
deadline Varies |
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DescriptionThe Siebel Scholars Program is open to the most talented students at the world's leading graduate schools of business, computer science, bioengineering, and energy science. View Scholarship Details |
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Rev. Jesse L. Jackson Fellows ScholarshipRev. Jesse Jackson Fellows Scholarship |
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award $25,000 |
deadline May 31, 2026 |
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DescriptionThe Rev. Jesse L. Jackson Fellows Scholarship is available to rising sophomore who have completed a full freshman year at a four-year educational institution. You must be pursuing a degree in STEM or a business-related field, have a minimum 3.0 GPA and be involved in community service and/or leadership activities. In order to be considered for... View Scholarship Details |
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Scholarship and Entrepreneurship for Economic Development (SEED) ScholarshipSaint Francis University |
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award Up to $22,500 |
deadline March 01, 2026 |
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DescriptionThe Scholarship and Entrepreneurship for Economic Development (SEED) Scholarship is available to entering freshman and transfer students at Saint Francis University who are studying a business-related major. To be considered for this award, you must have a minimum GPA of 3.0 combined with a minimum 1100 SAT score (Math and Critical Reading). ... View Scholarship Details |
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Nancy Shaw McKee ScholarshipClarion University of Pennsylvania, College of Arts and Sciences |
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award Up to $22,030 |
deadline Varies |
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DescriptionThe Nancy Shaw McKee Scholarship is available to majoring in the College of Arts and Sciences at Clarion University. Your selection for this award will be based on academic performance and financial need. In order to be considered for this award, you must first be nominated by a faculty member. Once nominated, you will need to submit a "Goals... View Scholarship Details |
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Huizenga Business Innovation Academy ScholarshipNova Southeastern University |
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award $20,000 |
deadline Varies |
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DescriptionThe Huizenga Business Innovation Academy Scholarship is available to students at Nova Southeastern University who are interested in earning a bachelor's and master's degree in business in four years. To be eligible for this award, you must hae employment or internship experience and have been a member of a local/national student business club... View Scholarship Details |
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Ron and Judy Moore ScholarshipUniversity of Colorado Boulder |
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award $17,800 |
deadline March 15, 2026 |
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DescriptionThe Ron and Judy Moore Scholarship is available to first generation students at University of Colorado Boulder. To be eligible for this award, you must be enrolled in the School of Business. View Scholarship Details |
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Dean Long ScholarshipCommunity Foundation of Grant County |
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award $15,000 |
deadline Varies |
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DescriptionThe Dean Long Scholarship is available to students who are residents of Indiana. You must be majoring in business at the University of Evansville to be eligible for this award. Selection will be based on academic merit, maturity, potential for success in business and a recommendation from a school counselor. View Scholarship Details |
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Frank Sims and Sarah Smith Anderson ScholarshipTroy University |
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award $11,500 |
deadline March 01, 2026 |
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DescriptionThe Frank Sims and Sarah Smith Anderson Scholarship is available to junior and senior students at Troy University. You must be majoring in accounting and have a minimum 3.0 GPA to be eligible for this award. View Scholarship Details |
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Zonta Women in Business Leadership AwardZonta International Foundation |
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award $10,000 |
deadline Varies |
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DescriptionThe Zonta Women in Business Leadership Award is available to female students 18-35 years of age who demonstrate exceptional leadership in a business-related field of study or industry, and entrepreneurial spirit, ethical conduct, and have made significant contributions to addressing global or local issues affecting women and girls or climate... View Scholarship Details |
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Women in Business - Miss America PageantMiss America Pageant |
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award Up to $10,000 |
deadline Varies |
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DescriptionThe Women in Business Scholarship is available to women who are contestants at the state level in the Miss America competition. Selection is based on accomplishments in the area of business and social impact. View Scholarship Details |
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Actuarial Science Related Majors
- Business Administration, Management and Operations
- Business, Management, and Marketing
- Marketing
- Accounting and Business/Management
- Finance and Financial Management Services
- Accounting and Finance
- International Business
- Fashion Merchandising
- Business
- Human Resources Management and Services
- Entrepreneurial and Small Business Operations
- Business and Personal/Financial Services Marketing Operations
- Hospitality Administration/Management
- Real Estate
- Management Information Systems and Services
- Finance
- Small Business Administration/Management
- Fashion Modeling
- Business/Managerial Economics
- Entrepreneurship/Entrepreneurial Studies
