M.S. in Accounting
Eastern Michigan University (EMU) offers a comprehensive Master of Science (M.S.) in Ac...
B.S. in Actuarial Science and Economics
Ypsilanti, Michigan
INTAKE: Jan & Sept
Program Overview
The Bachelor of Science (B.S.) in Actuarial Science and Economics at Eastern Michigan University (EMU) is an interdisciplinary program designed to prepare students for careers in the fields of actuarial science and economics. This program combines rigorous coursework in mathematics, statistics, and economic theory with practical applications in risk management and financial analysis. It aims to equip students with the analytical skills and knowledge needed to tackle complex financial and economic challenges.
STEM-Designated: The B.S. in Actuarial Science and Economics at EMU is designated as a STEM (Science, Technology, Engineering, and Mathematics) program. This designation highlights the program’s focus on quantitative methods and technical skills essential for careers in actuarial science and economics. The STEM designation also provides international students with extended Optional Practical Training (OPT) opportunities, allowing them to gain valuable work experience in the United States.
Curriculum: The curriculum for the B.S. in Actuarial Science and Economics includes a blend of core courses in mathematics, statistics, economics, and actuarial science. Students engage in coursework such as calculus, probability theory, financial mathematics, econometrics, and risk management. The program also covers specialized topics like insurance, pension systems, and investment analysis. This comprehensive curriculum is designed to develop students' analytical and problem-solving abilities, preparing them for professional certification exams and careers in the industry.
Research Focus: EMU’s program emphasizes research in actuarial science and economics, with faculty members actively engaged in projects related to financial risk assessment, economic forecasting, and statistical modeling. Students have opportunities to participate in research activities, contributing to studies on financial stability, market trends, and actuarial methodologies. This research focus helps students gain a deeper understanding of contemporary issues and innovations in the field.
Industry Engagement: The B.S. in Actuarial Science and Economics program at EMU fosters strong industry engagement through internships, professional development events, and networking opportunities. Students have access to career services that connect them with potential employers and provide guidance on securing internships and job placements. Industry partnerships and guest lectures from professionals in the field offer practical insights and help students stay informed about current trends and practices.
Global Perspective: The program incorporates a global perspective by addressing international financial markets, global economic issues, and international actuarial standards. Students learn about the impact of global events on financial systems and risk management practices. This global outlook prepares graduates to work effectively in diverse and international contexts, enhancing their ability to analyze and address global economic challenges.
Location
Ypsilanti, Michigan
Score
IELTS 6
Tuition Fee
USD 15910
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 5.5 in each component.
- TOEFL: Overall score of 61 or higher.
- PTE: Overall score of 44 or higher.
- DET (Duolingo English Test): Overall score of 95.
Scholarships for International Students at Eastern Michigan University
Global Leadership Scholarship: EMU offers the Global Leadership Scholarship to exceptional international students. This scholarship is competitive and based on academic merit. It provides partial tuition coverage.
International Student Tuition Scholarships: These scholarships are awarded based on academic achievement and may cover a portion of the tuition fees for international students.
EMU Foundation Scholarships: International students can also apply for scholarships offered through the EMU Foundation. These scholarships are typically based on academic achievement, leadership, and community involvement.
External Scholarships: EMU encourages international students to explore external scholarship opportunities, such as those offered by government agencies, foundations, and international organizations. The ISSO (International Students and Scholars Office) can assist students in finding these opportunities.
Departmental Scholarships: Some academic departments at EMU offer scholarships specifically to students within their field of study. International students should inquire with their respective departments for such opportunities.
Cultural Scholarships: EMU recognizes and values diversity. As a result, there may be cultural scholarships available to international students from specific regions or countries. These scholarships aim to promote cross-cultural understanding.
It's important for international students to meet the eligibility criteria and application deadlines for these scholarships.
Graduates with a Bachelor of Science (B.S.) in Actuarial Science and Economics from Eastern Michigan University (EMU) are well-prepared for a range of professional roles that blend quantitative analysis, economic theory, and risk management. The comprehensive nature of the program opens doors to various career paths in both the actuarial and economic sectors.
Actuary: Actuaries use mathematical and statistical methods to assess risk and uncertainty in various industries, including insurance, finance, and pension plans. EMU graduates are equipped to work as actuaries, where they analyze data to help companies make informed decisions about pricing, risk management, and financial stability.
Data Analyst: With strong analytical and statistical skills, graduates can pursue careers as data analysts. They interpret complex data sets to provide actionable insights, support business decisions, and drive strategic initiatives in various sectors such as finance, healthcare, and technology.
Financial Analyst: Financial analysts evaluate financial data and market trends to provide investment recommendations and financial forecasts. They work in investment banks, financial institutions, and corporations, helping clients and organizations make sound financial decisions.
Risk Manager: Risk managers identify, assess, and mitigate financial risks for organizations. They develop strategies to manage risk exposure and ensure compliance with regulations, making their role crucial in safeguarding an organization's financial health.
Economic Consultant: Economic consultants analyze economic data and trends to provide expert advice on economic policies, business strategies, and market conditions. They work with government agencies, businesses, and research organizations to offer insights and solutions for economic challenges.
Insurance Underwriter: Insurance underwriters evaluate insurance applications and determine coverage terms and premiums. They use their knowledge of risk assessment and financial principles to make informed decisions about insurance policies.
Pension Fund Manager: Pension fund managers oversee retirement funds and investment portfolios. They use their expertise in financial management and actuarial science to ensure the fund's growth and stability, meeting the future needs of retirees.
Investment Banker: Investment bankers assist clients with raising capital, mergers, and acquisitions, and other financial transactions. Their role involves analyzing financial data, structuring deals, and providing strategic advice to clients.
