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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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

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