Do you like to work with numbers? Do you also believe in using numerical value to estimate practical situations? If you wish to take a similar path on the professional front then doing a major in actuarial science might be the right career option for you. The USA is one of the top study destinations for actuarial science degrees as it is home to many world-renowned universities offering varied programs in this field! This blog brings you the list of top colleges and universities for Actuarial Science in USA!
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What is Actuarial Science?
Actuarial science is the study of how mathematical and statistical data can be used to analyse risks in finance, insurance and other related industries. The students are taught to apply various mathematical calculations and formulas to understand various financial models and their working. The field of Actuarial science comprises of a number of interrelated disciplines including finance, economics, mathematics, probability theory and computer science. And all these disciplines are put together in order to understand finance related matters of uncertainty. After acquiring a degree in actuarial science, the actuaries find themselves in the midst of a number of opportunities in various financial institutions and insurance companies to name a few.
Top 20 Actuarial Science Universities in USA
Given below is a list of the top universities in USA providing a course in Actuarial Science. Depending on your skill sets and interests you could choose the one which matches your requirements. Here are the top 20 Actuarial Science Universities in USA:
- Brigham Young University
- Florida State University
- University of Wisconsin
- Milwaukee School of Engineering
- University of Texas at Dallas
- New York University
- Temple University
- University of Pennsylvania
- Queens College
- University of Connecticut
- Texas Christian University
- Michigan State University
- Purdue University
- Bradley University
- Carnegie Mellon University
- Ohio State University
- Binghamton University
- Concordia University Wisconsin
- Georgia State University
- University at Albany
University of Wisconsin, Madison
In the University of Wisconsin, Actuarial Science is offered by Wisconsin School of Business in the Department of Risk and Insurance. The program is one of the top BBA programs in the country. It aims to prepare students specifically in applied mathematics, statistics and finance. Also, it trains them in preparing new systems and models that help in the advancement of the discipline’s overall application of financial management, insurance, and pension systems. The program does prepare students to take the standard actuarial exams, and the Wisconsin graduates in Actuarial Science have an excellent history of placement and success in various industries.
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Milwaukee School of Engineering, Wisconsin
Milwaukee School of Engineering (MSOE) is one of the best colleges for actuarial science in USA. In this course, students receive training on a broad array of actuarial skills such as probability, forecasting, risk management and prevention, data analysis, business management and human behaviour. MSOE prepares students to acquire comprehensive knowledge in applied mathematics, computer programming, computer applications, statistical analysis, database management, business principles, professional ethics, and communication and teamwork skills.
Purdue University, West Lafayette
The Actuarial science degree offered at Purdue University is a joint offering by the Department of Mathematics and Statistics, making it an interdisciplinary program. After the completion of the Actuarial Science course in USA, students will be awarded a degree in both Actuarial Science and Statistics. The program offers rigorous training to students which make them eligible to take the exams of the Society of Actuaries and the Casualty Actuarial Society.
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Florida State University, Tallahassee
Florida State University offers the Actuarial Science program as an interdisciplinary major through the Department of Mathematics. What makes it one of the top 10 universities for Actuarial science in USA is that the curriculum focuses on preparing students to pass the major actuarial exams in probability, financial mathematics, life contingencies, financial economics, and construction of models. The students in this degree are trained in a way that they demonstrate strong computational aptitude, mathematical and leadership ability, and communications skills, all of which is required in the Actuarial market.
University of Pennsylvania, Philadelphia
The Wharton School at the University of Pennsylvania is one of the premier schools of management in the world. Among its many areas of expertise is Actuarial Science and Wharton’s approach to actuarial training involves the combination of traditional analytical and statistical skills and the skill of decision making. One important factor which makes the Wharton school one of the best colleges for Actuarial Science is its Actuarial society. The Pen Actuarial society of the University of Pennsylvania creates opportunities for the students to get in touch with leading actuaries of the world in order to help them become a part of the network. So, this Actuarial Science program in USA focuses on not only providing students with knowledge on every field concerning actuarial science but also assists them in kick-starting their career in the field.
Temple University, Philadelphia
Temple University is one of the best institutions for preparing students in the profession of Actuaries. Amongst the top 10 Actuarial Science degrees in USA, the program is offered by the university’s Department of Risk and Healthcare Management, which has extensive resources devoted to actuarial science. The program prepares students both in general business skills and advanced theory in mathematics and statistics. The course is structured in a way that it helps the students to pass the major exams of the actuarial profession through comprehensive training in both general and specialized areas.
So, these were all the top 10 Universities for Actuarial Science in USA. After a detailed study of these Universities and offered courses, you can make the choice of where to pursue your actuarial degree from. Want to study Actuarial Science in USA? Our Leverage Edu experts are just a click away from helping you cherry-pick the best course and university and further assist you throughout the admission process. Sign up for a free session with us now!