B.S. in Actuarial Science

Undergraduate Entry Requirements

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 70% 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 71 or higher.
• PTE: Overall score of 50 or higher.
• DET (Duolingo English Test): Minimum score of 95.

Trine University is fostering a diverse and talented student body, the university offers a range of scholarship opportunities for international students. These scholarships are designed to recognize academic excellence, leadership potential, and contributions to the community. 

International Achievement Scholarship: Trine University's International Achievement Scholarship is a merit-based award aimed at recognizing outstanding academic achievement. Eligibility is determined by academic records, standardized test scores, and achievements. The scholarship amount may vary, and it is renewable based on academic performance.

Global Leadership Scholarship: This scholarship is specifically designed for international students who have demonstrated exceptional leadership skills and a commitment to making a positive impact. Candidates are evaluated based on their leadership experiences, community service, and extracurricular involvement.

Cultural Diversity Scholarship: Trine values the diversity that international students bring to the campus community. The Cultural Diversity Scholarship is awarded to students who have actively contributed to promoting cultural understanding and diversity. Applicants may be required to submit essays or portfolios showcasing their efforts in this regard.

STEM Scholarship: Trine University places a strong emphasis on science, technology, engineering, and mathematics (STEM) education. The STEM Scholarship is awarded to international students pursuing degrees in STEM fields. Academic achievements, relevant coursework, and future career goals are considered in the selection process.

Athletic Scholarships: Talented student-athletes have the opportunity to be considered for athletic scholarships. These scholarships are awarded based on athletic achievements, potential contributions to the university's sports teams, and academic performance.

Departmental Scholarships: Some academic departments at Trine University offer scholarships to international students based on their chosen field of study. These scholarships may be tied to specific majors and are awarded to students who exhibit exceptional promise in those areas.

Need-Based Financial Aid: Trine University is committed to making education accessible, and international students with demonstrated financial need may be eligible for need-based financial aid. Applicants are typically required to submit financial documentation to assess eligibility.

Honors Program Scholarships: Students admitted to the Honors Program at Trine University may be eligible for additional scholarships. The Honors Program emphasizes academic rigor, critical thinking, and a commitment to intellectual curiosity.

Graduates of the B.S. in Actuarial Science program from Trine University have a wide range of career opportunities available in the fields of insurance, finance, and risk management. The program equips students with the analytical skills and knowledge needed to assess and mitigate financial risks, preparing them for various roles in this specialized field.

Actuary: Actuaries are professionals who analyze financial risks using mathematics, statistics, and financial theory. They typically work for insurance companies, pension funds, or government agencies, developing policies to minimize risk and ensure financial stability. Becoming a certified actuary requires passing a series of rigorous exams, and graduates of Trine's program are well-prepared for this path.

Risk Analyst: Risk analysts evaluate potential risks that could affect an organization's profitability or operational efficiency. They use quantitative methods to assess financial risks and develop strategies to mitigate those risks. Risk analysts often work in banking, insurance, or corporate finance settings.

Data Scientist: Data scientists analyze large datasets to uncover insights and inform business decisions. In the context of actuarial science, data scientists may focus on developing predictive models to forecast risks and identify trends. Their work is critical in sectors such as finance, healthcare, and insurance.

Financial Consultant: Financial consultants provide expert advice to individuals and organizations on managing their finances and investments. They use their knowledge of risk assessment to help clients make informed decisions regarding insurance, retirement planning, and asset management.

Underwriter: Underwriters assess the risk of insuring individuals or entities and determine appropriate premium rates. They analyze data related to policy applications and use statistical models to evaluate risk. Underwriters play a crucial role in the insurance industry, ensuring that policies are financially viable.

Pension Consultant: Pension consultants specialize in advising organizations on retirement plans and pension fund management. They analyze the financial health of pension funds and provide recommendations on investment strategies and risk management to ensure long-term sustainability.

Insurance Broker: Insurance brokers help clients find and purchase insurance coverage that meets their needs. They leverage their understanding of risk and insurance products to guide clients through the selection process, making them essential intermediaries in the insurance market.

Statistician: Statisticians analyze and interpret data to inform decision-making in various fields, including finance, healthcare, and government. Their expertise in statistical methods and data analysis is valuable for organizations seeking to understand trends and assess risks.

Quantitative Analyst: Quantitative analysts, often referred to as “quants,” use mathematical models to analyze financial data and develop trading strategies. They typically work in investment banks, hedge funds, and asset management firms, where their skills in risk modeling are highly sought after.

Compliance Analyst: Compliance analysts ensure that organizations adhere to industry regulations and standards. In the actuarial field, they evaluate financial practices to ensure compliance with laws governing insurance and financial services, playing a crucial role in risk management.