Bachelor of Arts in Actuarial Science

at University of Wisconsin - Milwaukee USA

Overview

Actuarial science is the quantitative analysis of risk. In addition to mathematics and statistics courses, students in actuarial science take classes in finance, economics, and computer programming.  

What Do Actuaries Do?
Actuaries help individuals, businesses and society manage risk by evaluating the likelihood of future events and creating plans to reduce the negative financial or emotional impact of undesirable events. Some of the questions that actuaries address on a daily basis include:

  • What price best balances an insurance company’s risk tolerance with various risk parameters such as age of the insured, health status, place of residence, and other risk characteristics?
  • What would be the economic loss in the event of a flood, and how can these costs be covered?
  • How large a fund is needed for a company to provide pensions for its employees?
  • How likely is it for someone to be hospitalized? What is the average duration of a hospital stay, and how can the costs associated with each day of hospitalization be provided for?
  • In the event of a merger, how can the employee benefits plans of the different organizations be reconciled?
  • How should an investment portfolio be balanced to maximize return and minimize risk?
  • Actuaries also must take this information and convey it to their companies and customers clearly and concisely through written reports, graphs, charts, or other visual or oral presentation formats.
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30

Application Processing Days

Under Graduate

Program Level

Fact & Figures

Full Time On Campus

Study Mode

48

Duration

University of Wisconsin - Milwaukee

Location

Bachelor of Arts in Actuarial Science Assistant Fee

$21701

Tuition Fee

$0

Average Cost of Living

$50

Application Fee

Bachelor of Arts in Actuarial Science Admissions Requirements

  • Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School.
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Where would you like to study*

Work Permit USA

Optional Practical Training or OPT is a period during which students, who have completed their degrees in the USA, are permitted to work for one year on a student visa by the United States Citizenship and Immigration Services (USCIS). OPT allows students to work for up to 3 years and develop real-world skills to survive in the competitive jobs market.

It is temporary employment for a period of 12-months that is directly related to the major area of study of an F-1 student. Eligible students have the option to apply for OPT employment authorization before completing their academic studies and/or after completing their academic studies.

A student can participate in three types of Optional Practical Training (OPT):

  1. Pre-Completion OPT: This is temporary employment provided to F-1 students before completion of their course of study.
  2. Post-Completion OPT: This is temporary employment available to F-1 students after completing their course of study.
  3. 24 Month STEM Extension: Students enrolled in STEM (Science, Technology, Engineering, and Mathematics) courses can a 24-month extension after their initial Post-Completion OPT authorization. 

Detailed Program and Facts

30

Application Processing Days

Full Time On Campus

Program Intensity

Under Graduate

Program Level

48

Duration

Study Visa

English Test Requirement

6.5

Minimum Overall Score

79.0

Minimum Overall Score

56.0

Minimum Overall Score

Other Courses by University of Wisconsin - Milwaukee,USA

The Department of Economics offers graduate programs of study designed to prepare students for careers in education and for careers in administrative and research positions in government, industry and labor. The programs are built upon a solid core of training in economic theory and in quantitative analysis, with area concentrations in econometrics, economic growth and development, industrial organization, international economics, labor economics and human resources, mathematical economics, monetary theory and policy, and urban and regional economics.

24 month

Duration

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Tuition

Arts & Humanities

Bachelor of Arts in Music

Music at UW-Milwaukee offers comprehensive undergraduate and graduate education within a multifaceted environment of academic disciplines, and is the largest professional degree granting music department in the UW System. Located within the cultural mainstream of a thriving metropolis of over one million people, we serve the greater scholarly and musical communities through academic research, lectures and seminars, performances, and instruction. Our renowned artist faculty and alumni have active professional careers with the Milwaukee & Chicago Symphony Orchestras, Florentine Opera, Present Music, and more. Students perform as soloists, chamber musicians, and with professional Milwaukee-area ensembles while earning their degree! The Department of Music is accredited by the National Association of Schools of Music (NASM), and has been a member of NASM since 1964.

48 month

Duration

$ 21701

Tuition

This concentration is designed for the music student with an undergraduate degree in piano who wishes to specialize as a collaborative pianist in instrumental repertoire. A student must successfully pass an audition that demonstrates an advanced level of collaborative skill to qualify for admission to the program.

Applicant proposing concentration in Music Performance Collaborative Piano: Instrumental must demonstrate outstanding performance skills. An on-site audition is required; in extreme cases, recorded examples of an applicant’s performance may be accepted in lieu of an in-person audition. Applicant should contact faculty in the appropriate performance area to inquire about specific audition repertoire and procedures.

24 month

Duration

$ 25876

Tuition

The BFA in Music: Collaborative Piano curriculum is one of few such undergraduate programs offered nationwide. It offers training for pianists anticipating careers in vocal accompanying, as well as coaching art song, opera, and musical theatre. Students receive weekly lessons in collaborative piano, as well as solo piano, and piano technique, and participate in rehearsals and performances for the UWM Opera Theatre, Milwaukee Opera Theatre, and UWM choirs.

48 month

Duration

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Tuition

The Department of Mathematical Sciences offers graduate programs of study in mathematics with specializations in the fields of algebra, analysis, topology, applied mathematics, probability and statistics, actuarial science, industrial mathematics, and atmospheric science.

The programs of study at the master’s level are designed to suit both the student intending to continue toward a PhD as well as the student who wishes to begin a professional career upon completion of the master’s program.

The student may prepare for a career in teaching at the secondary or college level and for a career in research in the academic, industrial, government, or business communities.

Actuarial Science
The program provides a mathematically rigorous education in actuarial science, prepares students for actuarial professional exams, and develops their economics and business reasoning skills. Students obtain thorough knowledge in the fundamentals of actuarial science such as applied probability models, applied statistics, credibility, financial economics, life contingencies, loss models, and risk theory. Emphasis is placed on developing skills that are highly valued by employers and thus are essential for a successful career as actuary. This program is intended for students who will seek employment as an actuary upon completion of the degree.

24 month

Duration

$ 25876

Tuition

Natural Sciences & Mathematics

Bachelor of Science in Biochemistry

The Department of Chemistry and Biochemistry curriculum provides a thorough undergraduate education for students planning careers as research scientists, industrial chemists, and educators in universities or in secondary schools. In addition, department courses provide a foundation in the basic science of chemistry to students majoring in biological or physical sciences, students planning a career in medicine or other health-related fields, students in the College of Engineering and Applied Science, and students in the liberal arts. Especially in its graduate programs, the department stresses interdisciplinary approaches, as exemplified by the Laboratory for Surface Studies and the Great Lakes WATER Institute. It also cooperates with chemists of the Milwaukee area’s industrial and scientific community.

Biochemistry is a popular major for students preparing to go on to medical school, veterinary school, dental school or other similar healthcare professional programs that require a foundation in both biology and chemistry. However, students also pursue many other types of paths including lab research in areas related to water, healthcare, and manufacturing; forensics work for municipalities or agencies; agriculture; genetics; scientific writing and promotion; sales and marketing in science fields; food safety and production; legal consulting on scientific matters; pharmaceutical production; and mor

48 month

Duration

$ 21701

Tuition

The College of Letters and Science and the Sheldon B. Lubar School of Business offer and present jointly the Master of Science (MS) in Nonprofit Management and Leadership. We are one of only 9 graduate-level programs in the world accredited by the Nonprofit Academic Centers Council (NACC).

Through a rigorous curriculum mapping process, this program was found to meet and surpass requirements in 16 curricular areas vital to nonprofit leaders, including board governance, fundraising, and executive leadership.

24 month

Duration

$ 25876

Tuition

This concentration is designed for the music student with an undergraduate degree in piano who wishes to specialize as a collaborative pianist in performance and repertoire. A student must successfully pass an audition that demonstrates an advanced level of collaborative skill to qualify for admission to the program.

Applicant proposing concentration in Music Performance Keyboard must demonstrate outstanding performance skills. An on-site audition is required; in extreme cases, recorded examples of an applicant’s performance may be accepted in lieu of an in-person audition. Applicant should contact faculty in the appropriate performance area to inquire about specific audition repertoire and procedures.

24 month

Duration

$ 25876

Tuition

This concentration is designed for the music student with an undergraduate degree in piano who wishes to specialize as a collaborative pianist in the vocal repertoire.

While prospective students are not required to submit Graduate Record Examination scores, they are strongly advised to take these tests before or early in their graduate work if they wish to be considered for a UWM Distinguished Graduate Student Fellowship or if they plan to continue their graduate work after completing a master’s degree at UWM.

24 month

Duration

$ 25876

Tuition

In the BFA: Guitar program students choose a primary style among classical, jazz, and finger-style guitar. Guitar majors take classes in guitar-related courses like repertoire, ensemble, pedagogy, and guitar history.

48 month

Duration

$ 21701

Tuition

View All Courses by University of Wisconsin - Milwaukee, USA

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