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B.S. in Actuarial Mathematics
Kent, Ohio
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science (B.S.) in Actuarial Mathematics at Kent State University is designed to prepare students for a successful career in the actuarial field, which involves evaluating financial risks using mathematical and statistical methods. This program provides a comprehensive education in mathematics, statistics, and financial theory, equipping students with the skills necessary to analyze and manage risk in various industries, including insurance, finance, and consulting. Graduates are well-prepared to pass professional actuarial exams and enter a competitive job market.
STEM-Designated: The B.S. in Actuarial Mathematics at Kent State University is designated as a STEM (Science, Technology, Engineering, and Mathematics) program. This designation underscores the program’s emphasis on quantitative analysis and technical skills, reflecting its rigorous curriculum in mathematics and statistics. The STEM designation also highlights the program’s focus on providing students with the analytical and problem-solving abilities essential for careers in actuarial science and related fields.
Curriculum: The curriculum for the B.S. in Actuarial Mathematics combines a strong foundation in mathematics and statistics with coursework tailored to actuarial practice. Core courses include calculus, linear algebra, probability, and statistical analysis. The program also covers specialized topics such as financial mathematics, risk theory, and actuarial modeling. Students have the opportunity to engage in elective courses that align with their interests and career goals, such as data science and advanced financial mathematics. The curriculum is designed to prepare students for actuarial exams and professional certification.
Research Focus: The B.S. in Actuarial Mathematics program at Kent State University emphasizes applied research in areas relevant to actuarial science. Students have opportunities to engage in research projects that explore topics such as risk management, financial forecasting, and statistical methods. Faculty members actively contribute to research in actuarial science, and students may participate in research activities, gaining valuable experience and contributing to advancements in the field.
Industry Engagement: Kent State University’s B.S. in Actuarial Mathematics program fosters strong industry engagement through internships, networking opportunities, and collaborations with professionals in the field. The program’s connections with industry leaders and actuarial firms provide students with practical experience and insights into the actuarial profession. Students can participate in internships that offer hands-on experience in risk assessment, financial analysis, and actuarial practice, enhancing their career readiness and professional development.
Global Perspective: The B.S. in Actuarial Mathematics program incorporates a global perspective by preparing students to understand and address risk in a global context. The curriculum includes coursework on international financial systems and global risk management practices. Additionally, students are encouraged to participate in study abroad programs and engage with global actuarial organizations, gaining exposure to international practices and broadening their understanding of the global financial landscape.
Location
Kent, Ohio
Score
IELTS 6
Tuition Fee
USD 22316
Undergraduate Entry Requirements
Application Fee: $70
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 71 or higher.
- PTE: Overall score of 48 or higher.
- DET (Duolingo English Test): Overall score of 100.
Kent State University offers a range of scholarships to international students to help them manage the cost of tuition and make their education more affordable.
Global Scholarship: The Global Scholarship is a merit-based award for undergraduate international students. It ranges from $2,000 to $7,500 per year and is renewable based on academic performance. Applicants are automatically considered for this scholarship upon admission.
International Freshman Scholarship: This scholarship is designed for first-time, incoming international undergraduate students. It provides awards ranging from $4,000 to $10,000 per year. Students are automatically considered when they apply for admission.
International Transfer Student Scholarship: Transfer students from international institutions are eligible for this scholarship, which offers awards from $4,000 to $9,500 per year. The scholarship is based on academic merit, and applicants are considered upon admission.
Kent State University Honors College Scholarship: Exceptional international undergraduate students may apply for the Honors College Scholarship. It covers in-state tuition and offers additional funding for research and study abroad opportunities.
Global Diversity Scholarship: Kent State recognizes the value of diversity on campus. This scholarship, awarded to incoming undergraduate international students, provides $4,000 per year for up to four years.
Other Scholarships: Kent State University also offers various department-specific scholarships and awards. These scholarships may have specific eligibility criteria and application processes, so students should check with their academic departments.
External Scholarships: International students can explore external scholarship opportunities, such as government scholarships, private foundation scholarships, and international organizations' funding programs.
It's important to note that scholarship availability, eligibility criteria, and application deadlines may change from year to year.
Graduates of the Bachelor of Science (B.S.) in Actuarial Mathematics program at Kent State University are equipped with the analytical and quantitative skills necessary to excel in various roles within the actuarial and financial sectors. This program provides a strong foundation in mathematics, statistics, and financial theory, preparing students for diverse career opportunities.
Actuary: Actuaries analyze financial risks using mathematical and statistical methods to help organizations make informed decisions. They work primarily in insurance companies, pension funds, and consulting firms, assessing risks related to life, health, and property insurance. Actuaries design policies, evaluate financial implications, and ensure that financial plans are sustainable.
Data Analyst: Data analysts use statistical techniques to interpret and analyze data, providing valuable insights to organizations. They work across various industries, including finance, healthcare, and technology, helping businesses make data-driven decisions. Their role involves data collection, analysis, and reporting, often using specialized software and programming languages.
Financial Analyst: Financial analysts evaluate financial data and trends to assist in investment decisions and financial planning. They work in investment firms, banks, and corporate finance departments, analyzing market conditions, financial statements, and economic trends to guide investment strategies and business decisions.
Risk Manager: Risk managers identify, assess, and mitigate potential risks that could impact an organization’s financial health. They develop strategies to manage risks related to finance, operations, and compliance. Risk managers work in industries such as insurance, banking, and corporate management, ensuring that organizations are prepared for potential financial uncertainties.
Pension Analyst: Pension analysts focus on the management and evaluation of pension plans and retirement benefits. They work with pension funds and retirement plans, analyzing financial data to ensure that plans are adequately funded and compliant with regulations. They also provide recommendations for plan adjustments and improvements.
Quantitative Analyst: Quantitative analysts, or "quants," use mathematical models and algorithms to analyze financial markets and securities. They work in investment banks, hedge funds, and financial institutions, developing models to predict market trends and assist in trading and investment strategies.
Insurance Underwriter: Insurance underwriters evaluate and assess the risks associated with insurance applications. They determine policy terms, coverage, and premiums based on statistical data and risk factors. Underwriters work in various types of insurance, including health, life, and property insurance.
Consulting Actuary: Consulting actuaries provide expert advice on actuarial and financial matters to organizations and clients. They may work for actuarial consulting firms or operate independently, offering services such as pension planning, insurance product development, and financial risk management.
Corporate Finance Specialist: Corporate finance specialists manage financial planning, budgeting, and investment strategies within a company. They work on projects such as capital budgeting, financial forecasting, and mergers and acquisitions, contributing to the financial health and growth of the organization.
Government Actuary: Government actuaries work for public sector agencies, analyzing and managing risks related to social security, public health programs, and government pension plans. They provide actuarial services to help design and manage public policies and programs.
