M.B.A. in Accounting
DePaul University, situated in the heart of Chicago, offers a distinguished Master of B...
B.S. in Actuarial Science (COB)
Chicago, Illinois
INTAKE: Jan, April & Sept
Program Overview
The Bachelor of Science (B.S.) in Actuarial Science at DePaul University is designed to equip students with the analytical and quantitative skills necessary for success in the actuarial profession. This program focuses on the application of mathematics, statistics, and financial theory to assess risk and uncertainty in insurance and finance. Students receive a comprehensive education that prepares them for the rigorous exams required for certification as professional actuaries.
STEM-Designated: DePaul's B.S. in Actuarial Science is STEM-designated, which highlights its emphasis on science, technology, engineering, and mathematics. This designation allows international students to benefit from an extended Optional Practical Training (OPT) period, providing additional opportunities for work experience in the United States after graduation.
Curriculum: The curriculum for the B.S. in Actuarial Science includes core courses in calculus, probability, statistics, and financial mathematics. Students also study subjects such as risk management, investment theory, and actuarial modeling. The program emphasizes practical skills, offering opportunities for hands-on learning through projects, case studies, and software applications. Additionally, students can select electives that align with their interests, such as economics, data analysis, and advanced statistical methods.
Research Focus: Research in the Actuarial Science program focuses on developing innovative methods for risk assessment and management. Faculty members engage in research that addresses current challenges in the insurance and financial sectors, contributing to advancements in the field. Students are encouraged to participate in research projects, allowing them to explore specific areas of interest and gain valuable experience that enhances their academic profile.
Industry Engagement: DePaul University fosters strong connections with the actuarial profession, providing students with numerous opportunities for industry engagement. The program hosts guest lectures and networking events featuring industry professionals, allowing students to learn from their experiences. Internships and co-op programs are integral to the curriculum, enabling students to gain practical experience and establish professional networks within the actuarial community.
Global Perspective: The B.S. in Actuarial Science program encourages a global perspective by exploring international practices in risk management and insurance. Students learn about the regulatory and economic environments of different countries, providing them with insights into global actuarial practices. Opportunities for study abroad and participation in international conferences further enhance students' understanding of the global landscape in which actuaries operate.
Location
Chicago, Illinois
Score
IELTS 6.5
Tuition Fee
USD 43665
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 6.5 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 80 or higher.
- PTE: Overall score of 53 or higher.
- DET (Duolingo English Test): Minimum score of 115.
DePaul University is dedicated to supporting the academic aspirations of international students. The university offers various scholarships and financial aid opportunities to help make education more accessible.
International Student Scholarships: DePaul University provides merit-based scholarships to international undergraduate and graduate students. These scholarships consider academic achievements, test scores, and other criteria.
Global Gateway Scholarships: These scholarships are designed for undergraduate international students who transfer from specific partner institutions to DePaul. They help facilitate a smooth transition.
Dean's Merit-Based Scholarships: DePaul's colleges and schools offer dean's merit-based scholarships to international students within their respective programs. These scholarships recognize outstanding academic achievements and contributions.
International Experience Scholarship: This scholarship is for undergraduate students planning to participate in study abroad programs. It provides financial support to students seeking to gain global perspectives.
Vincent G. Rinn Family Endowed Scholarship: This scholarship is awarded to international students with financial need. It helps cover tuition costs and promote diversity within the DePaul community.
Donor-Funded Scholarships: DePaul University administers a range of donor-funded scholarships, some of which are available to international students. These scholarships often have specific eligibility criteria and application requirements.
Athletic Scholarships: DePaul offers athletic scholarships for international student-athletes who excel in various sports. These scholarships may cover tuition and related expenses.
External Scholarships: DePaul encourages international students to explore external scholarship opportunities, both in their home countries and in the United States.
It's important to note that scholarship availability, criteria, and application deadlines can vary among programs and departments at DePaul University.
Graduates of the B.S. in Actuarial Science program at DePaul University are well-prepared for a variety of rewarding careers in the fields of insurance, finance, and risk management.
Actuary: Many graduates pursue careers as actuaries, using mathematical and statistical methods to assess risk and develop financial strategies for insurance companies, pension funds, and investment firms.
Risk Analyst: Alumni often work as risk analysts, evaluating potential risks and implementing strategies to minimize financial losses for organizations.
Underwriter: Graduates can become underwriters, assessing insurance applications and determining appropriate coverage and premiums based on risk assessment.
Data Analyst: Some alumni focus on data analysis, leveraging statistical techniques to analyze trends and provide insights for decision-making within organizations.
Financial Analyst: Graduates may work as financial analysts, analyzing financial data and advising on investment opportunities, portfolio management, and financial planning.
Consultant: Many alumni take on roles as consultants, providing expert advice to companies on risk management, insurance solutions, and financial strategies.
Pension Consultant: Graduates can specialize in pension consulting, helping organizations manage their employee benefit programs and ensuring compliance with regulations.
Investment Analyst: Some alumni work as investment analysts, researching and evaluating investment opportunities to inform portfolio management strategies.
Compliance Officer: Graduates may become compliance officers, ensuring that organizations adhere to regulatory requirements and industry standards in financial practices.
Academia and Research: A few alumni pursue advanced degrees and careers in academia or research, contributing to the development of new actuarial methods and teaching the next generation of actuaries.
