Masters of Accountancy
Rider University, located in Lawrenceville, New Jersey, is renowned for its excellence ...
B.A. in Actuarial Science
Lawrence Township, New Jersey
INTAKE: Jan & Sept
Program Overview
Rider University’s Bachelor of Arts (B.A.) in Actuarial Science is designed to prepare students for a successful career in actuarial science, risk management, and related fields. The program offers a rigorous education in mathematics, statistics, and financial theory, equipping students with the analytical skills needed to assess and manage risk in various industries. The curriculum is tailored to meet the needs of students pursuing professional actuarial certification and provides a solid foundation for further studies or immediate entry into the workforce.
STEM-Designated: The B.A. in Actuarial Science at Rider University is a STEM-designated program. This designation highlights the program’s emphasis on science, technology, engineering, and mathematics, ensuring that students receive a comprehensive education in these critical areas. The STEM designation also offers additional benefits, such as extended Optional Practical Training (OPT) opportunities for international students, enhancing their ability to gain practical work experience in the United States after graduation.
Curriculum: The curriculum of the B.A. in Actuarial Science includes core courses in mathematics, probability, and statistics, as well as specialized courses in actuarial science, financial mathematics, and risk management. Key courses include Calculus, Linear Algebra, Probability and Statistics, Actuarial Models, and Financial Mathematics. The program also incorporates business and economics courses to provide a well-rounded education. Students are encouraged to take elective courses that align with their career goals and interests. Additionally, the curriculum is designed to prepare students for the preliminary actuarial exams required for professional certification.
Research Focus: Rider University’s Actuarial Science program emphasizes research, encouraging students to engage in independent and collaborative projects. Research areas include risk assessment, financial modeling, insurance mathematics, and data analysis. Students have the opportunity to work with faculty on research projects, present their findings at conferences, and publish their work in academic journals. This focus on research helps students develop critical thinking and problem-solving skills essential for a career in actuarial science.
Industry Engagement: The program fosters strong connections with the actuarial industry through internships, guest lectures, and networking events. Rider University’s location provides access to numerous insurance companies, financial institutions, and consulting firms, allowing students to gain practical experience and build professional relationships. Internship opportunities enable students to apply their knowledge in real-world settings, enhancing their employability. The program also hosts events where industry professionals share insights and advice, keeping students informed about current trends and career opportunities in actuarial science.
Global Perspective: Rider University’s Actuarial Science program incorporates a global perspective, recognizing the international nature of the actuarial profession. The curriculum includes the study of global financial markets, international insurance practices, and global risk management strategies. Students have opportunities to participate in study abroad programs, internships with multinational companies, and international research collaborations. This global approach prepares students to work in diverse environments and address complex actuarial challenges on an international scale.
Location
Lawrence Township, New Jersey
Score
IELTS 6
Tuition Fee
USD 37700
Undergraduate Entry Requirements
Application Fee: $63
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 5.5 in each component.
- TOEFL: Overall score of 70 or higher.
- PTE: Overall score of 50 or higher.
- DET (Duolingo English Test): Overall score of 100.
Rider University offers various scholarship opportunities to international students to help alleviate the financial burden of pursuing higher education in the United States. These scholarships are awarded based on academic merit, leadership qualities, and other criteria.
Global Leaders Scholarship: This prestigious scholarship is designed for international undergraduate students who have demonstrated exceptional academic achievement. It covers a significant portion of tuition costs.
Presidential Scholarships: Rider University awards Presidential Scholarships to top-performing international undergraduate students. These scholarships are highly competitive and provide substantial financial support.
Dean's Scholarship: Dean's Scholarships are available to international undergraduate students who have a strong academic record. The scholarship amount varies based on academic qualifications.
International Achievement Award: This scholarship acknowledges the accomplishments of international undergraduate students. It is based on a combination of academic achievement and extracurricular involvement.
Talent Scholarships: Rider provides talent-based scholarships for students with exceptional abilities in areas such as the arts, music, and athletics. International students with exceptional talents can apply for these scholarships.
Honors Program Scholarships: Students accepted into Rider's Honors Program may be eligible for additional scholarships, which recognize outstanding academic achievement and intellectual growth.
Corporate and Foundation Scholarships: Rider University has partnerships with various corporations and foundations that offer scholarships to international students. These scholarships may have specific eligibility criteria.
Study Abroad Scholarships: Rider encourages international students to participate in study abroad programs. Scholarships are available to support students who wish to study in another country as part of their academic experience.
It's important for international students to review the specific eligibility criteria and application deadlines for each scholarship.
Graduates of Rider University’s Bachelor of Arts (B.A.) in Actuarial Science program are well-prepared for a variety of careers in the fields of risk management, finance, insurance, and consulting. The program equips students with the necessary skills and knowledge to excel in roles that require strong analytical and mathematical abilities.
Actuary: As professional risk managers, actuaries use mathematical and statistical methods to assess and manage financial risks. They work in insurance companies, pension funds, consulting firms, and government agencies. Actuaries are essential in designing insurance policies, pension plans, and other financial strategies to minimize risk.
Risk Analyst: Risk analysts identify and evaluate potential risks that could impact an organization. They develop strategies to mitigate these risks and ensure the organization's stability. Risk analysts work in various industries, including finance, insurance, healthcare, and energy.
Financial Analyst: Financial analysts evaluate investment opportunities and provide guidance on financial decisions. They analyze financial data, prepare reports, and develop financial models. Financial analysts work in investment banks, asset management firms, and corporate finance departments.
Insurance Underwriter: Insurance underwriters assess the risk of insuring clients and determine the terms and conditions of insurance policies. They evaluate applications, analyze risk factors, and decide coverage amounts and premiums. Underwriters work for insurance companies and brokerage firms.
Pension Consultant: Pension consultants advise organizations on the management and administration of pension plans. They help design retirement plans, ensure regulatory compliance, and analyze the financial health of pension funds. Pension consultants work for consulting firms, financial institutions, and government agencies.
Data Analyst: Data analysts collect, process, and analyze large datasets to extract valuable insights. They use statistical tools and software to interpret data and inform business decisions. Data analysts are employed in various sectors, including finance, marketing, healthcare, and technology.
Quantitative Analyst (Quant): Quants develop mathematical models to price securities, manage risk, and optimize investment strategies. They work for investment banks, hedge funds, and asset management firms. This role requires strong mathematical and programming skills.
Consulting Actuary: Consulting actuaries provide expert advice on actuarial and financial matters to businesses and government entities. They work for consulting firms, offering services such as pension plan valuation, risk management, and insurance pricing.
Enterprise Risk Manager: Enterprise risk managers identify and manage risks across an organization. They develop risk management frameworks, implement risk mitigation strategies, and ensure compliance with regulatory requirements. This role is crucial in industries such as finance, healthcare, and manufacturing.
Corporate Actuary: Corporate actuaries work within large corporations to manage internal financial risks. They analyze the financial implications of business decisions, forecast future financial performance, and develop strategies to manage risk.
Investment Analyst: Investment analysts research and analyze investment opportunities, providing recommendations to portfolio managers and investors. They evaluate market trends, financial statements, and economic data to inform investment decisions.
Health Actuary: Health actuaries specialize in assessing the financial impact of health-related risks. They work for health insurance companies, government health agencies, and healthcare providers, focusing on pricing health insurance policies, evaluating healthcare costs, and developing health risk models.
