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So, if you see yourself as an analytical problem solver, communicating your ideas to a wide variety of audiences or developing creative business solutions, then maybe a PhD in Actuarial Science is the right choice for you. Want to know more about Actuarial Science – highlights, eligibility, universities and programs? Read this blog on PhD in Actuarial Science and clear all your doubts now!
Highlights
| Full form | Doctor of Philosophy in Actuarial Science |
| Degree | Doctorate |
| Duration | 3-5 years |
| Eligibility | Scores in entrance exams and various other language tests. |
This Blog Includes:
What is a PhD in Actuarial Science?
A PhD in Actuarial Science teaches students how to use principles from statistics, probability, and mathematics to identify and evaluate risks. Actuarial science graduates know how to use their research and analytical skills to work with data and identify relevant inconsistencies or trends. Actuaries also have an understanding of how businesses work and the risks involved. Well, a PhD in Actuarial Science is a viable and highly rewarding career option.
Also Read: PhD (Doctor of Philosophy)
PhD Programmes in Actuarial Science
| University | Programmes | Duration |
| The University of Arizona | Applied Mathematics | 5 years |
| The University of Aveiro | Mathematics, Applied Mathematics | 3 years |
| The Ohio State University | Statistics, Mathematics | 3- 5 years |
| University of Waikato | Mathematics, Statistics | 3 years |
| Stanford University | Mathematics | 5 years |
| University of New South Wales | Risk and Actuarial Studies | 4 years |
| Cornell University | Applied Mathematics, Mathematics | 5 years |
| McGill University | Mathematics and Statistics | 4 years |
| The University of New Mexico | Statistics | 5 years |
| Colorado State University | Mathematics, statistics | 3 years |
| Newcastle University | Statistics | 3 years |
| Cardiff University | Probability and Statistics, Applied Mathematics, Pure Mathematics | 3½ years |
| University of Maribor | Mathematics | 4 years |
| The University of Edinburgh | Statistics | 3 years |
| University of Miami | Mathematics | 2 years |
| University of Cambridge | Mathematics of Information | 4 years |
| University of Pisa | Mathematics | 3 years |
| The University of Iowa | Statistics | 5 years |
| University of Strathclyde | Mathematics and Statistics | 3 years |
| The University of Manchester | Applied Mathematics PhD | 3 years |
| Eötvös Loránd University | Doctoral School of Mathematics | 4 years |
| University of California | Statistics | 4 years |
| ETH Zurich – Swiss Federal Institute of Technology | Mathematics | 4 years |
| University of Kent | Actuarial Science (research), Mathematics (Research) | 3 years |
| University of Geneva | Statistics | 5 years |
| University of Göttingen | Applied Statistics and Empirical Methods | 3 years |
| University of Glasgow | Statistics | 4 years |
| The University of Manchester | Statistics | 3 years |
| University of Birmingham | Pure Mathematics | 3 years |
| University of Tennessee Knoxville | Educational Psychology and Research, Mathematics, Evaluation, Statistics, and Measurement | 4 years |
| Johns Hopkins University | Mathematics | 6 years |
| University of Buffalo | Mathematics | 5 years |
| University of Melbourne | Risk and Financial Sciences | 5 years |
Also Read: List of Top PhD Scholarships in India 2023
Eligibility
- Students should have passed class 12th from a reputed school or institution.
- Applicants should have a four-year bachelor’s degree in a relevant field with an overall 83% average.
- In case, an applicant does not have a four-year bachelor’s degree, he/she should complete both a bachelor’s degree (less than 4 years duration) and a master’s degree with first class.
- For pursuing PhD in Acturial Sciences abroad, candidates should have a good score i.e 7 overall ( writing 6.5, speaking 6.5) in English tests such as IELTS.
Also Read: MBA After PhD
Entrance Exams
Every university has its own entrance exam scores requirements for admission in PhD Actuarial Science programmes. Some of the popular entrance exams for this course are :
- IBAB entrance exam (M.Sc)
- Joint Entrance Screening Test (JEST) for PhD
- National Entrance Screening Test (NEST) for integrated M.Sc
- Regional Institute of Education (RIE) Common Entrance Exam (CEE)
FAQs
Yes, definitely! With the growing demand for an actuary and being a rewarding field, a PhD in Actuarial Science is worth it. It gives a person experience in finance and money management.
Usually, the duration of completing a PhD in Actuarial Science is three to five years depending on the university and country you’re studying in.
Australia, USA, Canada, and the UK are some of the countries that offer the best actuarial programmes.
We hope this blog helps you in understanding all the essential aspects of PhD in Actuarial Science. Aiming to study a similar course or thinking of doing a PhD in another field? Let the experts at Leverage Edu help you choose the best-matched career & higher education options with the help of our AI-enabled Course Finder. Sign up for your free 30 minutes of e-counselling with the team now!
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