M.A. in Art History
The Master of Arts (M.A.) in Art History at the University of St. Thomas is a comprehen...
B.S. in Actuarial Science
Saint Paul, Minnesota
INTAKE: Jan & Sept
Program Overview
The Bachelor of Science (B.S.) in Actuarial Science at the University of St. Thomas is designed to provide students with a robust foundation in mathematics, statistics, and financial theory, preparing them for a successful career in the actuarial profession. The program focuses on equipping students with the analytical skills necessary to assess risk and uncertainty in various sectors, including insurance, finance, and consulting. Students are encouraged to develop a strong quantitative background while also honing their problem-solving abilities, making them valuable assets in the workforce.
Curriculum: The curriculum for the B.S. in Actuarial Science combines core courses in mathematics and statistics with specialized classes that cover topics such as probability, financial mathematics, and actuarial modeling. Students engage in hands-on learning through projects and case studies, which allow them to apply theoretical concepts to real-world situations. Additionally, the program prepares students for the various actuarial exams required for professional certification, providing them with a clear pathway to becoming credentialed actuaries.
Research Focus: The program emphasizes a strong research component, encouraging students to explore advanced topics in risk assessment, data analytics, and predictive modeling. Faculty members, who are experienced professionals in the field, guide students in conducting research that contributes to the understanding of emerging trends in actuarial science. This focus on research helps students develop critical thinking and analytical skills essential for success in their future careers.
Industry Engagement: The University of St. Thomas actively fosters connections between students and industry professionals through internships, networking events, and guest lectures. This engagement provides students with invaluable insights into the actuarial profession, helping them to build relationships with potential employers and gain practical experience. Furthermore, partnerships with local businesses and organizations offer students opportunities for internships and job placements, enhancing their employability upon graduation.
Global Perspective: The B.S. in Actuarial Science incorporates a global perspective, emphasizing the importance of understanding international markets and global financial systems. The curriculum addresses how actuarial practices vary across different regions and regulatory environments, preparing students to work in a globalized economy. Study abroad programs and collaborative projects with international institutions further enrich the students' educational experiences and broaden their understanding of global actuarial issues.
Location
Saint Paul, Minnesota
Score
IELTS 6.5
Tuition Fee
USD 51000
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 6.5 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 105.
The University of St. Thomas (UST) in Minnesota, USA, extends a warm welcome to international students by offering a range of scholarships designed to enhance accessibility and support their educational journey. These scholarships underscore UST's fostering a diverse and inclusive academic community while providing financial assistance to deserving students from around the world.
International Merit Scholarships: UST recognizes and rewards academic excellence in international students through merit-based scholarships. These scholarships are awarded based on outstanding academic achievements, including high school or college GPA, standardized test scores, and other notable accomplishments.
Global Leaders Scholarship: UST values leadership qualities and encourages students to actively contribute to their communities. The Global Leaders Scholarship is designed to support international students who have demonstrated exceptional leadership skills and a making a positive impact.
Cultural Diversity Scholarship: Celebrating the richness of cultural diversity, UST offers the Cultural Diversity Scholarship to international students who contribute to the vibrant multicultural tapestry of the university. This scholarship aims to recognize and support students from various cultural backgrounds.
Need-Based Financial Aid: Understanding the financial challenges that international students may face, UST provides need-based financial aid to eligible individuals. This aid is tailored to address specific financial circumstances, ensuring that deserving students have the resources to pursue their academic goals.
International Transfer Student Scholarships: UST acknowledges the achievements and unique challenges faced by international transfer students. Scholarships for international transfers aim to facilitate a smooth transition and recognize the academic accomplishments of students transferring to UST.
Global Perspectives Scholarship: Emphasizing the importance of a global outlook, UST offers the Global Perspectives Scholarship to international students who actively contribute to fostering cross-cultural understanding and engagement on campus.
Graduates of the B.S. in Actuarial Science are well-prepared for a variety of roles within the finance and insurance industries.
Actuary: Many graduates pursue careers as actuaries, where they assess and manage financial risks using mathematical and statistical methods. They typically work in insurance companies, pension funds, and government agencies, helping organizations make informed decisions based on risk analysis.
Risk Analyst: Graduates often find positions as risk analysts, evaluating potential risks that could affect an organization's financial health. They analyze data to identify, assess, and mitigate risks, providing insights that help organizations make strategic decisions.
Data Scientist: Some graduates transition into data science roles, utilizing their strong analytical skills to interpret complex datasets. They apply statistical techniques and machine learning to extract valuable insights for businesses, making data-driven recommendations.
Financial Analyst: Many graduates work as financial analysts, where they analyze financial data, prepare reports, and offer recommendations to help businesses optimize their financial performance. This role often involves forecasting future revenues and expenses.
Underwriter: Graduates may also enter the field as underwriters, evaluating insurance applications and determining the associated risks and premiums. They use their actuarial knowledge to assess the likelihood of claims and set appropriate coverage terms.
Pension Consultant: Some graduates become pension consultants, advising organizations on retirement plans and employee benefits. They analyze demographic data and financial information to design and manage pension plans effectively.
Investment Analyst: Graduates can pursue careers as investment analysts, where they analyze investment opportunities, conduct market research, and develop investment strategies for financial institutions and individual investors.
Statistician: Many graduates find roles as statisticians, applying their statistical expertise to solve real-world problems in various sectors, including healthcare, government, and market research. They design surveys, analyze data, and interpret results to inform decision-making.
Insurance Consultant: Graduates may also work as insurance consultants, providing expertise to organizations on insurance policies, coverage options, and risk management strategies. They help businesses navigate the complexities of insurance markets.
Actuarial Analyst: Some graduates begin their careers as actuarial analysts, assisting senior actuaries in performing risk assessments, preparing reports, and conducting calculations that support actuarial work.
