M.S. in Supply Chain Management
The Master of Science in Supply Chain Management (M.S. SCM) program at Middle Tennessee...
B.S. in Actuarial Science
Murfreesboro, Tennessee
INTAKE: Jan & Aug
Program Overview
The B.S. in Actuarial Science at Middle Tennessee State University (MTSU) offers a rigorous education designed to prepare students for successful careers in risk assessment and financial analysis. This program combines mathematics, statistics, and financial theory to equip students with the analytical skills necessary for evaluating and managing financial risks, making it an excellent choice for those interested in pursuing a career in insurance, finance, and related fields.
STEM-designated: The B.S. in Actuarial Science is STEM-designated, highlighting its focus on science, technology, engineering, and mathematics. This designation not only underscores the program's quantitative rigor but also makes international students eligible for extended Optional Practical Training (OPT) in the United States, allowing them to gain valuable work experience after graduation.
Curriculum: The curriculum is meticulously structured to cover essential topics in actuarial science, including probability, statistics, financial mathematics, and risk management. Students engage in both theoretical and applied coursework, ensuring they gain a deep understanding of actuarial principles. Additionally, the program emphasizes the importance of software tools commonly used in the industry, enhancing students' technical skills and readiness for the workforce.
Research Focus: MTSU encourages students to engage in research related to actuarial science, enabling them to explore complex topics such as risk modeling, predictive analytics, and financial forecasting. Faculty members often collaborate with students on research projects, fostering a culture of inquiry that helps students deepen their understanding of the field while contributing to the body of knowledge in actuarial science.
Industry Engagement: The program actively promotes industry engagement through partnerships with local businesses and professional organizations. Students are encouraged to participate in internships and co-op programs that provide real-world experience and networking opportunities, which are crucial for launching successful careers in actuarial science. These engagements help students apply classroom knowledge in practical settings and build connections within the industry.
Global Perspective: The B.S. in Actuarial Science also incorporates a global perspective by addressing international standards and practices in risk management and insurance. Students learn about the implications of globalization on actuarial practices, preparing them to work in diverse environments and navigate the complexities of international financial systems. This focus equips graduates with a well-rounded understanding of the global landscape of actuarial science.
Location
Murfreesboro, Tennessee
Score
IELTS 6
Tuition Fee
USD 29144
Undergraduate Entry Requirements
Application Fee: $30
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.
- DET (Duolingo English Test): Minimum score of 85.
Middle Tennessee State University is dedicated to fostering a diverse and inclusive academic community, attracting bright minds from around the world. To support international students in their pursuit of higher education, MTSU offers a range of scholarships designed to ease financial burdens and promote academic excellence.
International Merit Scholarships: MTSU extends International Merit Scholarships to outstanding students demonstrating exceptional academic achievements. These merit-based scholarships are designed to recognize and reward excellence, providing financial support to deserving individuals.
International Undergraduate Scholarships: For undergraduate international students, MTSU offers scholarships based on academic merit, leadership qualities, and extracurricular achievements. These scholarships aim to make quality education accessible to talented individuals seeking a bachelor's degree at the university.
Global Ambassador Scholarship: The Global Ambassador Scholarship is a unique opportunity for international students with a passion for promoting cultural exchange and fostering global understanding. Recipients of this scholarship actively contribute to MTSU's international community through various initiatives.
English Language Institute (ELI) Scholarships: MTSU's English Language Institute (ELI) offers scholarships to international students seeking English language proficiency programs. These scholarships support students in enhancing their language skills, preparing them for successful academic integration.
College-Specific Scholarships: Various colleges within MTSU may offer specific scholarships tailored to international students enrolled in particular academic disciplines. These scholarships acknowledge the diverse talents and contributions of students across different fields of study.
Cultural Diversity Scholarship: MTSU values cultural diversity and provides scholarships to international students who actively contribute to creating a culturally rich and inclusive campus environment. These scholarships aim to celebrate and support students from diverse backgrounds.
Graduates of the B.S. in Actuarial Science program at Middle Tennessee State University (MTSU) have a variety of rewarding career paths available to them, thanks to their robust training in risk assessment and financial analysis.
Actuary: One of the primary career options is to become an actuary, where professionals analyze financial risks using mathematics, statistics, and financial theory. Actuaries often work for insurance companies, pension funds, and government agencies to evaluate the likelihood of future events and their financial implications.
Risk Analyst: Graduates can also pursue careers as risk analysts, evaluating and quantifying risks for businesses and organizations. This role involves assessing potential risks and developing strategies to mitigate them, making it crucial in sectors like finance, insurance, and investment.
Data Analyst: The B.S. in Actuarial Science prepares graduates for positions as data analysts, where they analyze data trends to provide insights that support business decisions. This role is particularly relevant in sectors that rely heavily on data-driven decision-making, such as finance and healthcare.
Consultant: Graduates may work as consultants, offering their expertise to organizations on matters related to risk management, insurance, and financial planning. This role allows them to advise companies on how to minimize risks and optimize their financial strategies.
Underwriter: Another potential career path is that of an underwriter, where graduates assess insurance applications and determine appropriate coverage levels and premiums. This role requires a strong understanding of risk assessment and financial modeling.
Pension and Benefits Analyst: Graduates can also find opportunities as pension and benefits analysts, where they design and manage employee benefit programs. This role involves ensuring compliance with regulations and analyzing the financial implications of pension plans.
Financial Analyst: Many graduates pursue careers as financial analysts, evaluating investment opportunities and providing recommendations based on their analyses of financial data. This position is essential in helping businesses make informed investment decisions.
