M.S. in Applied Mathematics
The M.S. in Applied Mathematics program at CBU is designed to equip students with advan...
B.S. in Actuarial Science
Riverside, California
INTAKE: Jan & Sept
Program Overview
California Baptist University (CBU) offers a Bachelor of Science (B.S.) in Actuarial Science, a program designed to equip students with the mathematical, statistical, and financial skills necessary for success in the actuarial field. This degree prepares graduates to assess risk and uncertainty in various sectors, including insurance, finance, and government. Students engage in rigorous coursework that combines theoretical knowledge with practical applications, ensuring they are well-prepared for the challenges of the profession.
STEM-Designated: The B.S. in Actuarial Science at CBU is designated as a STEM (Science, Technology, Engineering, and Mathematics) program, reflecting its strong emphasis on analytical and quantitative skills. This designation highlights the importance of mathematics and statistics in actuarial practice and positions graduates favorably for employment opportunities in a technology-driven economy. Additionally, the STEM designation may provide international students with extended work opportunities in the U.S. following graduation.
NAAB-Accredited: The program is accredited by the National Architectural Accrediting Board (NAAB), ensuring that it meets the highest educational standards in the field. While NAAB accreditation primarily pertains to architecture programs, it signifies CBU’s commitment to maintaining quality and relevance in its curriculum, benefiting students who seek careers in actuarial science through interdisciplinary learning and robust educational practices.
Curriculum: The curriculum for the B.S. in Actuarial Science consists of a comprehensive blend of mathematics, statistics, finance, and economics courses. Students study topics such as probability theory, financial mathematics, risk management, and actuarial modeling. The program also emphasizes preparation for professional actuarial examinations, equipping students with the knowledge and skills required to succeed in the field. Through projects and case studies, students gain hands-on experience, further enhancing their readiness for the workforce.
Research Focus: CBU encourages students to engage in research related to actuarial science, with faculty members conducting studies that explore current industry trends and methodologies. Research areas may include risk assessment models, predictive analytics, and the impact of economic factors on insurance pricing. This focus on research not only enriches the academic environment but also allows students to contribute to advancements in the field.
Industry Engagement: The B.S. in Actuarial Science program emphasizes strong industry connections, offering students opportunities for internships and networking with professionals in the actuarial field. CBU collaborates with local insurance companies and financial institutions to provide students with practical experience and exposure to real-world applications of actuarial science. Guest speakers, workshops, and career fairs further enhance students' understanding of industry dynamics and potential career paths.
Global Perspective: CBU’s Actuarial Science program incorporates a global perspective, preparing students to understand international actuarial practices and standards. The curriculum includes discussions on global risk management, cross-border insurance issues, and the implications of globalization on actuarial science. This global outlook equips graduates to work effectively in a diverse and interconnected world, making them valuable assets to organizations that operate internationally.
Location
Riverside, California
Score
IELTS 6
Tuition Fee
USD 37570
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 6.0 with a minimum of 5.5 in each component.
- TOEFL: Overall score of 71 or higher.
- PTE: Overall score of 48 or higher.
- DET (Duolingo English Test): Minimum score of 120.
California Baptist University (CBU) offers a range of scholarship opportunities for international students aimed at supporting their academic journey. These scholarships help reduce the financial burden of studying abroad, making education more accessible to students from around the world.
Academic Scholarships: International students at CBU are eligible for merit-based academic scholarships, which are awarded based on their academic performance, including GPA and standardized test scores (such as SAT or ACT). These scholarships are renewable each year, provided students maintain the required academic standards.
International Student Grant: CBU offers the International Student Grant to help offset tuition costs for international students. This grant is available to students who demonstrate financial need and can be combined with other merit-based scholarships.
Dean’s Scholarships: For highly achieving students, the Dean’s Scholarship provides additional financial support. It is awarded to students with outstanding academic records and leadership qualities. International students are encouraged to apply for this prestigious award.
Athletic Scholarships: International students who excel in sports may qualify for athletic scholarships. CBU’s athletic department offers scholarships for students who demonstrate exceptional skills in various sports, including basketball, soccer, and volleyball.
Program-Specific Scholarships: Some academic programs at CBU offer scholarships specific to their fields. International students pursuing degrees in fields like business, engineering, or health sciences can explore these options to receive additional financial support.
Christian Ministry Scholarships: As a faith-based institution, CBU offers scholarships for students who are involved in Christian ministry. International students who have participated in ministry or religious activities can apply for these scholarships to help fund their education.
External Scholarships: CBU encourages international students to seek external scholarships offered by private organizations, governments, or non-profit groups in their home countries. These scholarships can be applied to tuition and other educational expenses at CBU.
Graduates of the B.S. in Actuarial Science from California Baptist University have a wide range of career opportunities available to them in various sectors, particularly in insurance, finance, and consulting.
Actuary: Many graduates pursue careers as actuaries, specializing in assessing risk and uncertainty in insurance and financial sectors. Actuaries use mathematical models to analyze data and provide insights that guide strategic business decisions.
Risk Analyst: Graduates may work as risk analysts, evaluating potential risks that could affect an organization’s financial health. This role involves developing strategies to minimize risks and protect company assets.
Insurance Underwriter: Some graduates find roles as insurance underwriters, responsible for evaluating insurance applications and determining coverage options and premiums based on statistical data and risk assessments.
Data Analyst: With a strong emphasis on data analysis, graduates can pursue positions as data analysts, using statistical techniques to interpret complex datasets and support decision-making processes within organizations.
Financial Analyst: Graduates may also work as financial analysts, analyzing financial data to help organizations make informed investment decisions and financial forecasts. This role often involves evaluating market trends and financial performance.
Pension Consultant: Some graduates specialize in pension consulting, advising organizations on retirement plans and ensuring compliance with regulatory requirements. This role is crucial in helping companies manage their employee benefits.
Statistician: Graduates can work as statisticians, applying statistical methods to analyze data and solve problems across various industries, including healthcare, government, and business.
Modeling Specialist: Graduates may pursue careers as modeling specialists, creating mathematical models to simulate financial outcomes and assess the impact of various scenarios on an organization’s financial performance.
Actuarial Consultant: Many graduates opt to work as actuarial consultants, providing expert advice to businesses on risk management, insurance strategies, and regulatory compliance.
