M.S. in Accounting
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B.S. in Actuarial Science
Tampa, Florida
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science in Actuarial Science at the University of Tampa is designed to provide students with a rigorous foundation in mathematics, statistics, and finance, specifically tailored to the field of actuarial science. This program prepares students to analyze and manage financial risks and uncertainties, particularly in the insurance and finance industries. It combines theoretical knowledge with practical applications, equipping graduates with the skills necessary for a successful career in actuarial science.
STEM-Designated: The B.S. in Actuarial Science is designated as a STEM (Science, Technology, Engineering, and Mathematics) program. This designation highlights the program's focus on quantitative skills and technical expertise essential for actuarial work. The STEM designation also benefits international students, allowing them to extend their Optional Practical Training (OPT) period, which provides additional opportunities for gaining work experience in the U.S.
SOA Accredited: The program is accredited by the Society of Actuaries (SOA), a leading professional organization for actuaries. This accreditation ensures that the curriculum meets the high standards required by the profession and prepares students for SOA certification exams. Accreditation by the SOA is a mark of quality, indicating that the program effectively prepares students for the actuarial profession and aligns with industry standards.
Curriculum: The curriculum for the B.S. in Actuarial Science includes core courses in calculus, probability, statistics, financial mathematics, and actuarial science. Students gain in-depth knowledge of risk management, insurance, and pension plans. The program also offers specialized courses in topics such as life contingencies, actuarial modeling, and investment theory. Emphasis is placed on developing strong analytical and problem-solving skills, as well as proficiency in statistical software and programming languages.
Research Focus: Research in the B.S. in Actuarial Science program at the University of Tampa centers on advancing actuarial methods and applications. Students may engage in research projects that explore topics such as risk assessment models, financial forecasting, and actuarial data analysis. The program encourages students to participate in research activities that contribute to the development of innovative solutions and practices in the actuarial field.
Industry Engagement: The program emphasizes industry engagement through internships, networking opportunities, and collaborations with industry professionals. Students are encouraged to gain practical experience through internships with insurance companies, financial institutions, and consulting firms. The program also hosts industry events, workshops, and guest lectures, allowing students to connect with professionals and stay updated on industry trends and practices.
Global Perspective: The B.S. in Actuarial Science program incorporates a global perspective by addressing international actuarial practices and global financial markets. Students learn about global risk management issues, international insurance standards, and cross-border financial regulations. The program also offers opportunities for studying abroad and participating in international actuarial conferences, broadening students’ understanding of global actuarial challenges and solutions.
Location
Tampa, Florida
Score
IELTS 6.5
Tuition Fee
USD 33424
Undergraduate Entry Requirements
Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% or above in their previous academic qualifications.
English Language Proficiency:
- IELTS: Overall band score of 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 79 or higher.
- DET (Duolingo English Test): Overall score of 110.
The University of Tampa is making education accessible to students from around the world, and these scholarships help ease the financial burden for international students pursuing their academic goals at UT.
International Student Scholarship: The University of Tampa offers competitive merit-based scholarships to international undergraduate students. These scholarships are awarded based on academic achievements, standardized test scores, and other accomplishments. The amounts vary but can significantly reduce tuition costs.
Honors Program Scholarships: Exceptional international students may be eligible for the Honors Program at UT, which comes with additional scholarships and academic benefits. These scholarships are highly competitive and aim to attract top-tier students.
Alumni Legacy Scholarship: This scholarship is available to international undergraduate students who have a parent or grandparent who graduated from the University of Tampa. It offers financial assistance to the next generation of UT students.
Phi Theta Kappa Scholarships: Transfer students who are members of the Phi Theta Kappa honor society may be eligible for this scholarship. It recognizes academic excellence and helps reduce the cost of attending UT.
Sports Scholarships: UT has a successful athletics program, and international students with exceptional athletic abilities may be considered for sports scholarships. These scholarships are typically awarded to student-athletes who excel in their chosen sport.
External Scholarships: While not directly offered by UT, international students are encouraged to explore external scholarship opportunities. Various organizations, foundations, and governments provide scholarships for students studying in the United States. UT's financial aid office can assist in identifying these opportunities.
Tampa Scholars Program: This scholarship program is designed for high-achieving Florida residents, but a limited number of scholarships may be available for out-of-state and international students. It provides a comprehensive financial aid package.
It's important for international students to review the specific eligibility criteria and application deadlines for each scholarship opportunity. Additionally, maintaining good academic standing is often a requirement for scholarship renewal.
Graduates of the Bachelor of Science in Actuarial Science program at the University of Tampa have access to a diverse range of career opportunities within the finance and insurance industries. The program’s strong foundation in mathematics, statistics, and finance prepares students for roles that involve analyzing and managing financial risks.
Actuary: Actuaries are professionals who use mathematical and statistical methods to assess and manage risk in insurance and financial sectors. They analyze data to develop policies and strategies that minimize financial losses. Actuaries often work for insurance companies, consulting firms, or government agencies, providing insights into risk management and financial planning.
Risk Analyst: Risk analysts evaluate potential risks and their impact on an organization’s financial stability. They use statistical models and data analysis to identify and mitigate risks related to investments, insurance, and business operations. Risk analysts typically work in financial institutions, insurance companies, or corporate risk management departments.
Financial Analyst: Financial analysts assess financial data to help businesses and individuals make informed investment decisions. They analyze market trends, economic conditions, and financial statements to provide recommendations on stocks, bonds, and other financial instruments. Graduates can work in investment firms, banks, or corporate finance departments.
Pension Consultant: Pension consultants specialize in designing and managing pension plans for organizations. They analyze pension fund performance, evaluate funding strategies, and ensure compliance with regulations. This role involves working closely with employers and regulatory bodies to manage retirement benefits effectively.
Insurance Underwriter: Insurance underwriters evaluate insurance applications and determine the risk and premium levels associated with providing coverage. They use statistical data and actuarial models to assess risk factors and make decisions about policy approvals and terms. Underwriters typically work for insurance companies and financial institutions.
Data Scientist: Data scientists analyze large datasets to uncover trends, patterns, and insights that can inform business decisions. With a background in actuarial science, graduates can apply their statistical and analytical skills to data science roles, working in sectors such as finance, healthcare, and technology.
Investment Analyst: Investment analysts research and analyze financial markets and investment opportunities to assist clients in making investment decisions. They evaluate stocks, bonds, and other financial instruments, providing recommendations based on their analysis. This role is commonly found in investment firms, banks, and asset management companies.
Quantitative Analyst: Quantitative analysts, or "quants," use mathematical models and algorithms to develop trading strategies, risk management solutions, and financial forecasts. They apply their expertise in statistics and finance to analyze complex data and make data-driven decisions in financial markets.
Insurance Claims Adjuster: Insurance claims adjusters investigate and evaluate insurance claims to determine the extent of the insurer’s liability. They review policy details, assess damages, and negotiate settlements. This role involves working for insurance companies and claims processing firms.
Financial Planner: Financial planners help individuals and businesses develop strategies for managing their finances, including investments, retirement planning, and estate planning. They use their knowledge of financial markets and risk management to create comprehensive financial plans tailored to clients' needs.
