PhD in Actuarial Science

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PhD in Actuarial Science-02

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! 


Full form Doctor of Philosophy in Actuarial Science
Degree Doctorate
Duration 3-5 years
Eligibility Scores in entrance exams and various other language tests. 

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


  1. Students should have passed class 12th from a reputed school or institution. 
  2. Applicants should have a four-year bachelor’s degree in a relevant field with an overall 83% average. 
  3. 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. 
  4. 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 :

  1. IBAB entrance exam (M.Sc) 
  2. Joint Entrance Screening Test (JEST) for PhD
  3. National Entrance Screening Test (NEST) for integrated M.Sc
  4. Regional Institute of Education (RIE) Common Entrance Exam (CEE) 


Is it worth it to do a PhD in Actuarial Science? 

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. 

What is the duration of this course? 

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. 

Which countries are best for doing a PhD in actuarial science? 

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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