M.B.A. in Accounting
DePaul University, situated in the heart of Chicago, offers a distinguished Master of B...
B.S. in Actuarial Science (CSH)
Chicago, Illinois
INTAKE: Jan, April & Sept
Program Overview
The Bachelor of Science (B.S.) in Actuarial Science (College of Science and Health) at DePaul University prepares students for a dynamic career in risk assessment and management. This program combines rigorous coursework in mathematics, statistics, and finance with practical training in actuarial science. Graduates are equipped to analyze complex data, assess financial risks, and provide solutions for various industries, particularly in insurance and finance.
STEM-Designated: The B.S. in Actuarial Science is designated as a STEM program, reflecting its emphasis on science, technology, engineering, and mathematics. This designation benefits international students by allowing them to apply for an extended Optional Practical Training (OPT) period, enabling them to gain valuable work experience in the U.S. after graduation.
Curriculum: The curriculum is designed to provide a solid foundation in both actuarial science and related disciplines. Core courses cover topics such as calculus, probability, statistics, financial mathematics, and actuarial modeling. Students also have the opportunity to choose electives in areas like data analysis, risk management, and economics. The program emphasizes hands-on learning, with projects and case studies that allow students to apply their knowledge in real-world scenarios.
Research Focus: The Actuarial Science program encourages students to engage in research that addresses contemporary challenges in risk management and insurance. Faculty members are involved in research that explores innovative methodologies and techniques in actuarial practice. Students are encouraged to participate in research initiatives, allowing them to delve into specific areas of interest and contribute to the advancement of the field.
Industry Engagement: DePaul University places a strong emphasis on industry engagement, providing students with numerous opportunities to connect with professionals in the actuarial field. The program hosts guest lectures, networking events, and career fairs featuring industry leaders. Internships and cooperative education experiences are integral to the curriculum, enabling students to gain practical experience and build a professional network before graduation.
Global Perspective: The B.S. in Actuarial Science program promotes a global perspective by examining international practices in risk assessment and insurance. Students learn about the regulatory environments and economic factors affecting the actuarial profession worldwide. Opportunities for study abroad and participation in international conferences enrich students' understanding of global trends and challenges in actuarial science.
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 (College of Science and Health) program at DePaul University have a wide range of career opportunities in various sectors, primarily in insurance and finance.
Actuary: Many graduates pursue careers as actuaries, applying mathematical and statistical methods to assess risk and develop strategies for insurance companies, pension funds, and investment firms.
Risk Analyst: Alumni often work as risk analysts, evaluating financial risks and helping organizations implement effective risk management strategies to minimize potential losses.
Underwriter: Graduates can become underwriters, responsible for evaluating insurance applications and determining appropriate coverage based on risk assessment.
Data Scientist/Analyst: Some graduates focus on data science, analyzing large datasets to uncover trends and provide actionable insights for businesses and financial institutions.
Financial Analyst: Many alumni take on roles as financial analysts, analyzing financial data to guide investment decisions and corporate financial planning.
Consultant: Graduates can work as consultants, offering expert advice on risk management, insurance products, and financial strategies to organizations.
Pension Consultant: Some alumni specialize in pension consulting, assisting companies in managing their retirement plans and ensuring compliance with regulations.
Investment Analyst: Graduates may become investment analysts, evaluating investment opportunities and making recommendations to clients or firms regarding portfolio management.
Compliance Officer: Many alumni work as compliance officers, ensuring that organizations adhere to legal regulations and industry standards in financial practices.
Academia and Research: A few graduates choose to pursue advanced degrees, leading to careers in academia or research where they contribute to the development of actuarial methodologies and teach future professionals.
