M.S. in Computer Science
The Master of Science (M.S.) in Computer Science at the University of Wisconsin Milwauk...
B.A. in Actuarial Science
Milwaukee, Wisconsin
INTAKE: Jan & Aug
Program Overview
The University of Wisconsin Milwaukee (UWM) in Wisconsin, USA, offers a distinguished B.A. in Actuarial Science program, catering to students with a passion for mathematics, statistics, and finance. This program is meticulously designed to equip graduates with the analytical and quantitative skills needed to excel in the actuarial profession.
STEM Designated: UWM's B.A. in Actuarial Science is STEM designated, providing students with opportunities to explore the intersection of mathematics, statistics, and business. This designation not only emphasizes the program's rigorous academic curriculum but also enhances graduates' eligibility for Optional Practical Training (OPT) extensions, which can be invaluable for pursuing career opportunities in the United States.
Curriculum: The curriculum of the B.A. in Actuarial Science program at UWM is comprehensive and interdisciplinary, encompassing courses in mathematics, statistics, finance, economics, and computer science. Students gain a deep understanding of actuarial principles, risk management techniques, and insurance industry practices. Advanced coursework covers topics such as probability theory, financial mathematics, and predictive modeling, preparing students for the rigorous actuarial examinations.
Research Focus: UWM's B.A. in Actuarial Science program fosters a strong research focus, encouraging students to engage in cutting-edge research projects alongside faculty members. Through collaborative research initiatives, students have the opportunity to explore complex actuarial problems, develop innovative solutions, and contribute to the advancement of actuarial science. This hands-on research experience enhances students' analytical skills and prepares them for leadership roles in the field.
Industry Engagement: The B.A. in Actuarial Science program at UWM maintains close ties with industry partners, including insurance companies, consulting firms, and regulatory agencies. Through internships, co-op programs, and industry-sponsored projects, students gain practical experience and insight into the real-world application of actuarial principles. Industry professionals frequently visit campus to share their expertise and provide networking opportunities for students, facilitating a seamless transition from academia to the workforce.
Global Perspective: In today's interconnected world, UWM recognizes the importance of a global perspective in actuarial education. The program offers courses that explore international insurance markets, cross-border risk management strategies, and global regulatory frameworks. Students are encouraged to participate in study abroad programs, international conferences, and research collaborations with universities worldwide, broadening their cultural horizons and gaining a deeper understanding of global actuarial practices.
Location
Milwaukee, Wisconsin
Score
IELTS 6.5
Tuition Fee
USD 20455
Undergraduate Entry Requirements
Application Fees: Waiver
Academic Qualifications: Prospective undergraduate students are required to have a minimum academic achievement of 75% or above in their previous educational qualifications.
English Language Proficiency
- IELTS Requirement: A minimum overall score of 6.5 is often required.
- TOEFL Requirement: A minimum overall score of 79 is often required.
- PTE Requirement: A minimum overall score of 56 is often required.
- DET Requirement: A DET score of 120 is required.
Students must provide:
- academic marksheets & transcripts
- letters of recommendation
- a personal statement - SOP
- passport
- other supporting documents as required by the university.
It is important to note that meeting the minimum entry requirements does not guarantee admission, as the university considers factors such as availability of places and competition for the program. Additionally, some courses may have higher entry requirements or additional selection criteria, such as interviews or portfolio submissions.
The University of Wisconsin-Milwaukee (UWM) is fostering academic excellence and diversity by offering a range of scholarships for international students. These scholarships aim to make education more accessible and support students in achieving their academic and career goals.
Global Excellence Scholarship: UWM's Global Excellence Scholarship is designed to recognize outstanding academic achievements of international students. Eligibility criteria may include academic performance, leadership qualities, and contributions to the community. This merit-based scholarship is intended to attract top-tier international talent to UWM.
international Student Tuition Remission: UWM provides an International Student Tuition Remission program to assist non-resident international students with tuition costs. This program helps alleviate the financial burden associated with out-of-state tuition rates, making UWM an affordable option for students seeking a high-quality education.
Panther Commitment: The Panther Commitment scholarship is part of UWM's dedication to providing financial support to students with demonstrated need. This program considers various factors, including financial need, academic achievement, and extracurricular involvement. The Panther Commitment aims to ensure that financial constraints do not hinder qualified students from pursuing their education.
Cultural Diversity Scholarship: UWM values diversity and offers the Cultural Diversity Scholarship to international students who contribute to the cultural richness of the university community. This scholarship recognizes the importance of a diverse and inclusive campus environment and supports students who enhance cultural understanding and collaboration.
Departmental Scholarships: Several academic departments at UWM offer scholarships specific to international students within their programs. These departmental scholarships may be based on academic achievements, research contributions, or specific criteria related to the field of study.
The University of Wisconsin Milwaukee (UWM), located in Wisconsin, USA, offers a B.A. in Actuarial Science program that opens doors to a wide array of rewarding career opportunities in the fields of insurance, finance, and risk management. Graduates emerge with a strong foundation in mathematics, statistics, and business, positioning them for success in diverse roles.
Actuary: A primary career path for graduates of UWM's B.A. in Actuarial Science program is becoming an actuary. Actuaries are highly sought-after professionals who assess and manage financial risks for insurance companies, consulting firms, and government agencies. They use mathematical models to analyze data, predict future events, and determine pricing strategies for insurance products. Actuaries play a crucial role in helping organizations make informed decisions about risk management and financial planning.
Risk Analyst: With their strong analytical skills and understanding of risk management principles, graduates can pursue careers as risk analysts in various industries. Risk analysts assess potential risks and uncertainties that may impact an organization's operations, financial performance, and strategic objectives. They develop risk mitigation strategies, conduct quantitative analysis, and provide recommendations to senior management to minimize potential losses and maximize opportunities.
Data Scientist: The data-driven nature of actuarial science equips graduates with the skills needed to excel in roles as data scientists. Data scientists analyze large datasets, extract meaningful insights, and develop predictive models to support business decision-making. They work across industries, including finance, healthcare, and technology, leveraging their expertise in mathematics, statistics, and programming to solve complex problems and drive innovation.
Financial Planner: Graduates with a B.A. in Actuarial Science possess a solid understanding of financial principles and investment strategies, making them well-suited for careers as financial planners. Financial planners help individuals and families achieve their financial goals by providing personalized advice on investments, retirement planning, tax strategies, and estate planning. They assess clients' financial situations, develop comprehensive financial plans, and monitor progress over time to ensure financial security and success.
Insurance Underwriter: Another career option for graduates is becoming an insurance underwriter. Insurance underwriters evaluate insurance applications, assess risks, and determine coverage terms and premiums for policyholders. They analyze various factors, such as demographics, health conditions, and market trends, to make informed decisions about insurance policies. Graduates with a B.A. in Actuarial Science are well-prepared to excel in this role, with their strong analytical skills and understanding of insurance principles.
