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
Goldman Sachs MBA FellowshipGoldman Sachs and Co. |
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award Up to $75,000 |
deadline Varies |
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DescriptionThe Goldman Sachs MBA Fellowship is available to first - year Black, Hispanic / Latinx, Native American / Indigenous, LGBTQ+, and female students. You must have an interest in the financial services industry and be pursuing a summer associate position at Goldman Sachs to be eligible for this award. View Scholarship Details |
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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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Vilas Scholarship - St. Lawrence UniversitySt. Lawrence University |
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award $35,000 |
deadline February 01, 2025 |
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DescriptionThe Vilas Scholarship is available to business students at St. Lawrence University. To be considered, you must submit an essay on the topic provided by the institution. View Scholarship Details |
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Besio Family ScholarshipUniversity of Notre Dame |
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award $25,000 |
deadline January 01, 2025 |
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DescriptionThe Besio Family Scholarship is available to incoming freshman students at the University of Notre Dame who are majoring in business or engineering. Selection for this renewable award is based on outstanding academic achievement and service to community. Recipients will also participate in an Outward Bound leadership experience. 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, 2025 |
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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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Boyer FellowshipUniversity of Arkansas |
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award $20,500 |
deadline February 01, 2025 |
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DescriptionThe Boyer Fellowship is available to incoming freshmen who plan on majoring in the Walton College of Business at the University of Arkansas. You must be an Arkansas high school graduate, demonstrate financial need, have a minimum 3.8 GPA and an ACT/SAT score of at least 32/1400 to qualify for this award. 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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Rath Foundation Academic Scholarship - University of Oklahoma, College of BusinessUniversity of Oklahoma, Michael F. Price College of Business |
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award $20,000 |
deadline February 01, 2025 |
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DescriptionThe Rath Foundation Academic Scholarship is available to full - time students at the University of Oklahoma, Michael F. Price College of Business. You must be in top 10 percent of your graduating class or have an ACT / SAT score that falls within the top 10 percent to be eligible for this renewable award. View Scholarship Details |
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RIT Achievement Scholarships for Business, Liberal Arts, and Hospitality ManagementRochester Institute of Technology |
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award $19,000 |
deadline January 15, 2025 |
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DescriptionTheRIT Achievement Scholarships for Business, Liberal Arts, and Hospitality Management is open to entering freshmen at Rochester Institute of Technology. You must have a minimum 1800 SAT/26 ACT score and a 'B+' average. Also, you must demonstrate outstanding leadership service, entrepreneurship or citizenship to be eligible for this award. ... 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
- Human Resources Management and Services
- Entrepreneurial and Small Business Operations
- Business and Personal/Financial Services Marketing Operations
- Business
- Hospitality Administration/Management
- Real Estate
- Management Information Systems and Services
- Small Business Administration/Management
- Fashion Modeling
- Business/Managerial Economics
- Entrepreneurship/Entrepreneurial Studies
- Construction Management
