B.S. in Actuarial Science

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 79 or higher.
• PTE: Overall score of 53 or higher.
• DET (Duolingo English Test): Minimum score of 110.

Ball State University is promoting diversity and providing financial support to international students. 

Ball State's International Student Scholarships: Ball State University offers a variety of merit-based scholarships exclusively for international students. These scholarships are typically awarded based on academic achievement, extracurricular involvement, and leadership qualities.

University-Wide Scholarships: International students are eligible to apply for university-wide scholarships that are open to all students, regardless of their nationality. These scholarships often have specific criteria and requirements.

Departmental Scholarships: Many academic departments at Ball State University offer scholarships to international students pursuing degrees within those departments. These scholarships may be based on academic performance, major, or specific achievements.

Study Abroad Scholarships: Ball State encourages international students to participate in study abroad programs. The university offers scholarships to help cover the costs associated with studying abroad, promoting global experiences and cultural exchange.

Privately Funded Scholarships: There are external scholarship opportunities for international students provided by private organizations, foundations, and government agencies. Ball State's scholarship office assists students in identifying and applying for these external scholarships.

Cultural Scholarships: Ball State University may offer scholarships to students who are actively involved in promoting their own cultures and engaging in cultural exchange on campus.

Full-Ride Scholarships: In some cases, highly qualified international students may be eligible for full-ride scholarships that cover tuition, fees, and living expenses.

Community Scholarships: Local community organizations and partners sometimes provide scholarships to international students who are engaged in community service and demonstrate a commitment to the local area.

B.S. in Actuarial Science from Ball State University equips graduates with the skills and knowledge necessary for a variety of rewarding career paths. Whether as actuaries, risk analysts, or financial consultants, graduates are well-prepared to make significant contributions to the financial and insurance sectors.

Actuary: The primary career path for B.S. in Actuarial Science graduates is to become actuaries. Actuaries analyze financial risks using mathematics, statistics, and financial theory to help organizations make informed decisions. They work primarily in insurance companies, pension funds, and consulting firms.

Risk Analyst: Graduates can pursue careers as risk analysts, where they assess and quantify risks related to various business operations. They help organizations develop strategies to mitigate risks, ensuring financial stability and compliance with regulatory requirements.

Data Scientist: With their strong quantitative skills, graduates may enter the field of data science. Data scientists analyze complex data sets to uncover trends and insights, which can inform business decisions across various industries, including finance, healthcare, and technology.

Financial Analyst: B.S. in Actuarial Science graduates can work as financial analysts, evaluating investment opportunities and providing insights into financial performance. They analyze financial statements, forecast future revenues, and help companies make strategic investment decisions.

Insurance Underwriter: Graduates can work as insurance underwriters, assessing risk factors associated with insurance applications. They determine coverage amounts and premiums based on statistical analyses and risk assessments, playing a crucial role in the insurance industry.

Pension Consultant: Some graduates may choose to specialize as pension consultants, advising organizations on retirement plans and pension fund management. They analyze financial data to help clients develop sustainable retirement solutions for employees.

Quantitative Analyst: B.S. in Actuarial Science graduates can also pursue careers as quantitative analysts, where they apply mathematical models to financial markets. They work in investment banks, hedge funds, and other financial institutions to develop strategies for trading and risk management.

Government Analyst: Graduates can work for government agencies, analyzing data related to public policies, social insurance programs, and economic trends. They assess the financial implications of policies and help design programs that promote economic stability and growth.

Consultant: Many graduates opt to work in consulting firms, providing expert advice on risk management, actuarial services, and financial modeling. They work with a diverse range of clients, helping them navigate complex financial landscapes.

Graduate Studies: Some graduates may choose to pursue further education, such as a master's degree in actuarial science, finance, or business administration. This additional education can enhance their career prospects and open doors to higher-level positions within the industry.