Masters of Business Administration (MBA)
The University of Central Oklahoma (UCO) in Edmond, USA, stands out as a premier instit...
B.S. in Actuarial Science
Edmond, Oklahoma
INTAKE: Jan & Aug
Program Overview
The Bachelor of Science in Actuarial Science at the University of Central Oklahoma (UCO) is designed to equip students with the mathematical and statistical skills required to assess risk in insurance, finance, and other industries. This program prepares graduates for a successful career in actuarial science by combining rigorous coursework with practical applications, ensuring they are well-prepared to tackle complex financial challenges.
STEM-Designated: The B.S. in Actuarial Science is recognized as a STEM-designated program, highlighting its focus on science, technology, engineering, and mathematics. This designation not only underscores the technical rigor of the curriculum but also offers international students the opportunity to extend their Optional Practical Training (OPT) period, allowing them to gain valuable work experience in the United States.
Curriculum: The curriculum for the B.S. in Actuarial Science includes core courses in calculus, probability, statistics, financial mathematics, and risk management. Students engage in advanced mathematical modeling and learn how to apply statistical methods to real-world problems. Additionally, the program encourages students to prepare for actuarial exams, integrating exam-focused content into the learning experience.
Research Focus: UCO promotes research in actuarial science, providing opportunities for students to engage in projects that explore emerging trends in risk assessment and management. Faculty members are active in research, and students can collaborate on studies that contribute to the field, enhancing their critical thinking and analytical skills.
Industry Engagement: The program fosters strong connections with industry professionals, offering students valuable networking opportunities and internships that provide hands-on experience in actuarial practices. These engagements help students understand industry expectations and prepare them for successful careers in various sectors.
Global Perspective: UCO’s Actuarial Science program incorporates a global perspective by discussing international standards and practices in risk management and insurance. Through case studies and discussions on global economic issues, students learn how actuarial practices vary across different regions and cultures, preparing them for careers in a globalized workforce.
Location
Edmond, Oklahoma
Score
IELTS 6
Tuition Fee
USD 17400
Undergraduate Entry Requirements
Application Fee: $40
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.
The University of Central Oklahoma (UCO) offers a range of scholarships to support international students in pursuing their higher education. These scholarships are designed to recognize academic excellence, encourage diversity, and provide financial assistance.
Global Broncho Scholarship: The Global Broncho Scholarship is a merit-based scholarship for undergraduate international students. The scholarship amount varies and is awarded based on academic achievement.
International Student Academic Scholarship: This scholarship is open to undergraduate and graduate international students. It recognizes outstanding academic performance and provides financial support.
Ambassador's Scholarship: The Ambassador's Scholarship is awarded to outstanding undergraduate and graduate students who demonstrate leadership qualities and a commitment to promoting diversity and cultural understanding.
Honors College Scholarship: The Honors College at UCO offers scholarships to academically talented international students who participate in the Honors College program.
Athletic Scholarships: International students with exceptional athletic abilities may be eligible for athletic scholarships if they participate in UCO's NCAA Division II sports programs.
Departmental Scholarships: Various academic departments at UCO offer scholarships to students majoring in specific fields. These scholarships are often based on academic performance, major, or other criteria.
UCO Foundation Scholarships: The UCO Foundation administers a wide range of scholarships funded by donors and organizations. These scholarships cover various academic disciplines and criteria.
Cultural Diversity Scholarship: UCO recognizes the value of cultural diversity and may offer scholarships to international students who contribute to a more diverse and inclusive campus community.
Study Abroad Scholarships: UCO encourages international students to explore study abroad opportunities. Scholarships may be available to support their international educational experiences.
Specific Country Scholarships: UCO may have scholarship programs that are specifically tailored to students from certain countries or regions.
Graduates of the B.S. in Actuarial Science program at the University of Central Oklahoma (UCO) are well-equipped to pursue a variety of rewarding career paths in fields related to risk assessment, financial analysis, and insurance. Their rigorous training in mathematics, statistics, and financial principles prepares them to tackle complex problems in various industries.
Actuary: One of the primary career options is to become an actuary, where professionals analyze financial risks using mathematics, statistics, and financial theory. Actuaries are essential in insurance companies, helping to design policies and set premium rates.
Risk Analyst: Graduates may also work as risk analysts, assessing potential risks that organizations may face and developing strategies to mitigate those risks. This role is crucial in industries such as banking, finance, and insurance.
Underwriter: Another career path is in underwriting, where graduates evaluate the risk of insuring clients and decide on coverage terms. Underwriters play a key role in the insurance process, determining how much risk a company is willing to take on.
Data Analyst: With strong analytical skills, graduates can pursue positions as data analysts, where they interpret complex data sets to inform business decisions. This role involves using statistical tools and software to analyze trends and patterns.
Financial Analyst: Graduates may also find opportunities as financial analysts, responsible for evaluating investment opportunities, preparing financial models, and advising clients on financial strategies.
Pension Consultant: Another viable career option is to become a pension consultant, where professionals assess pension plans and provide recommendations to ensure financial sustainability and compliance with regulations.
Quantitative Analyst: For those interested in finance, a career as a quantitative analyst can be pursued, where professionals use mathematical models to analyze financial data and support investment decisions.
Insurance Consultant: Graduates may also become insurance consultants, advising businesses on their insurance needs and helping them choose appropriate coverage based on risk assessments.
