M.A. Applied History and Public Humanities
The M.A. in Applied History and Public Humanities at The University of Akron combines h...
B.S. Actuarial Science
Akron, Ohio
INTAKE: Jan & Aug
Program Overview
The B.S. in Actuarial Science at The University of Akron equips students with essential skills in mathematics, statistics, and finance to prepare them for careers as actuaries. Actuaries assess financial risks using mathematical models, making informed decisions crucial for insurance, pensions, and investment sectors.
STEM-Designated: The program is STEM-designated, emphasizing rigorous training in science, technology, engineering, and mathematics. This designation enhances the program's credibility and aligns with industry demands for quantitative skills.
Curriculum: The curriculum blends theoretical knowledge with practical application, covering advanced mathematics, probability theory, financial mathematics, and statistical modeling. Students also learn programming languages like R and Python, essential for data analysis in actuarial practice.
Research Focus: The program emphasizes research in actuarial science, encouraging students to explore real-world applications through projects and internships. Research opportunities span areas like risk management, insurance analytics, and financial forecasting, preparing students for complex industry challenges.
Industry Engagement: The University of Akron fosters strong ties with industry leaders, offering students access to internships, co-op programs, and networking opportunities. Collaborations with insurance companies, financial institutions, and consulting firms provide practical experience and potential employment prospects.
Global Perspective: With a global perspective embedded in its curriculum, the program prepares students to navigate international financial markets and regulatory environments. Cross-cultural understanding and exposure to global actuarial practices enhance students' readiness for diverse career pathways.
Location
Akron, Ohio
Score
IELTS 6
Tuition Fee
USD 20961
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 65% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 71 or higher.
- DET (Duolingo English Test): Minimum score of 95.
- SAT: Not required for undergraduate admissions.
The University of Akron (UA) offers a variety of scholarships to support international students financially. These scholarships are designed to help alleviate the cost of tuition and support academic excellence.
Merit Scholarships: Merit scholarships at UA are automatically considered for all incoming first-year students. These awards are based on a comprehensive review of the applicant’s academic transcripts, curriculum, and cumulative GPA.
Williams Honors College Scholarships: First-year, transfer, and continuing students who meet specific academic qualifications can apply for the Williams Honors College Scholarships. These scholarships range from $1,500 to $2,000 and require an application to the Williams Honors College, including an interview.
Provost’s Scholarships for Transfer Students: These scholarships, ranging from $1,000 to $5,000, are available to students transferring from another regionally accredited college or university. Transfer students are automatically considered for these awards upon applying for admission.
International Student Scholarship Opportunities: International students can also benefit from various specific scholarships offered by different departments and programs within the university. For instance, the Buchtel College of Arts and Sciences offers numerous scholarships for students pursuing majors within their disciplines. These range from awards for academic merit to those supporting specific fields of study.
Graduates of the B.S. in Actuarial Science from The University of Akron possess versatile skills that open doors to various career paths in finance, insurance, and beyond.
Actuary: Actuaries analyze financial risks using mathematical models to help businesses make informed decisions. They work in insurance companies, consulting firms, government agencies, and financial institutions.
Risk Analyst: Risk analysts assess and manage financial risks in organizations. They utilize quantitative skills to evaluate potential risks and develop strategies to mitigate them.
Data Scientist: Data scientists apply statistical analysis and machine learning techniques to interpret data and solve complex problems. They play a crucial role in industries such as insurance, finance, and healthcare.
Financial Analyst: Financial analysts provide guidance to businesses and individuals regarding investment decisions. They analyze financial data, evaluate economic trends, and prepare reports to assist clients in making informed financial choices.
Insurance Underwriter: Insurance underwriters evaluate insurance applications and determine coverage amounts and premiums. They assess risk factors and ensure that policies are financially viable for the insurance company.
Consultant: Actuarial consultants provide specialized advice to businesses on risk management, insurance products, and financial planning. They help clients optimize their financial strategies and manage potential risks effectively.
Investment Analyst: Investment analysts research financial markets and investment opportunities to provide recommendations to clients or employers. They analyze economic data, company financial statements, and market trends to make informed investment decisions.
Pension Fund Manager: Pension fund managers oversee investment portfolios for pension funds, ensuring that assets are managed prudently to meet long-term financial obligations to retirees.
