M.S. in Applied Behavior Analysis
The M.S. in Applied Behavior Analysis (ABA) at Western New England University is a dyna...
Bachelors of Actuarial Science
Springfield, Massachusetts
INTAKE: Jan & Aug
Program Overview
Western New England University (WNE) offers a Bachelor of Science in Actuarial Science that prepares students for a career in the fast-growing field of risk assessment and management. The program combines mathematics, statistics, finance, and business principles, equipping students with the necessary skills to evaluate financial risks and make informed decisions.
STEM-designated: Recognizing its emphasis on analytical and quantitative skills, the Bachelor of Actuarial Science program is STEM-designated. This designation not only highlights the program’s focus on science, technology, engineering, and mathematics but also provides international students with opportunities for extended Optional Practical Training (OPT) in the United States after graduation.
Curriculum: The curriculum is robust, blending theoretical knowledge with practical application. Students engage in coursework covering probability, statistics, financial mathematics, and actuarial modeling, while also gaining proficiency in using industry-standard software tools. This well-rounded education ensures graduates are prepared to tackle the challenges of the actuarial profession.
Research Focus: WNE emphasizes research in actuarial science, encouraging students to engage in projects that explore real-world problems. Faculty members actively involve students in research initiatives, fostering an environment where students can apply theoretical concepts to practical issues, enhancing their understanding and analytical skills.
Industry Engagement: The program prioritizes industry engagement through partnerships with local and national organizations. Students benefit from internships, networking events, and mentorship opportunities, allowing them to gain firsthand experience in the actuarial field. This connection to industry professionals helps students build valuable relationships and gain insights into current market trends.
Global Perspective: Understanding the global nature of the financial markets, the Bachelor of Actuarial Science program incorporates a global perspective into its curriculum. Students learn about international actuarial practices and standards, preparing them to work in diverse environments and navigate the complexities of global financial systems.
Location
Springfield, Massachusetts
Score
IELTS 6
Tuition Fee
USD 44680
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 74 or higher.
- PTE: Overall score of 50 or higher.
- DET (Duolingo English Test): Minimum score of 100.
Western New England University is fostering a diverse and inclusive academic community, the university offers a range of scholarships specifically designed for international students. These scholarships are aimed at recognizing and rewarding academic excellence, leadership, and contributions to the university community.
Global Leadership Award: The Global Leadership Award is a prestigious scholarship that honors international students with exceptional academic records and demonstrated leadership skills. This merit-based scholarship reflects the university's nurturing global leaders and providing financial assistance to those who have a positive impact on their communities.
Presidential Scholarship: Western New England University's Presidential Scholarship is a highly competitive award that attracts outstanding international students. This scholarship covers a significant portion of tuition costs, acknowledging academic excellence and supporting students on their educational journey.
Dean's Scholarship for International Students: The Dean's Scholarship is designed to recognize and support international students who have achieved notable academic success. This scholarship contributes to creating a diverse and vibrant learning environment by encouraging high-achieving students from around the world.
International Merit Scholarship: Western New England University awards the International Merit Scholarship to international students who have demonstrated exceptional academic achievements, leadership potential, and involvement in extracurricular activities. This scholarship aims to make quality education accessible to deserving students.
Cultural Diversity Scholarship: The Cultural Diversity Scholarship acknowledges the importance of cultural richness within the university community. This scholarship is awarded to international students who contribute to the cultural diversity of Western New England University, fostering an inclusive and globally aware campus environment.
Talent-Based Scholarships: Beyond academic achievements, the university recognizes and supports international students with outstanding talents in various areas, including arts, athletics, and community service. Talent-based scholarships provide financial assistance to those who have demonstrated exceptional skills and contributions.
Community Engagement Scholarship: Western New England University values students who actively engage with the local and university communities. The Community Engagement Scholarship is awarded to international students who demonstrate community service and civic responsibility.
Graduates with a Bachelor of Science in Actuarial Science from Western New England University are equipped with the analytical skills and quantitative knowledge necessary for various career paths in the financial and insurance sectors. The program prepares students to assess risk and provide financial solutions in a variety of industries.
Actuary: The most common career path for graduates is to become an actuary. Actuaries analyze financial risks using mathematics, statistics, and financial theory to develop strategies for minimizing risk. They are primarily employed by insurance companies, pension funds, and government agencies.
Risk Analyst: Risk analysts assess potential risks that could impact an organization’s financial health. They use statistical models to evaluate risk factors and provide recommendations to mitigate these risks, making their role essential in various industries.
Underwriter: Underwriters evaluate insurance applications and determine appropriate coverage and premiums based on risk assessments. They analyze data to decide whether to accept or decline insurance policies and at what terms.
Pension Consultant: Graduates can work as pension consultants, advising organizations on retirement plans and pension fund management. They analyze financial data to ensure that pension plans meet regulatory requirements and adequately fund future liabilities.
Financial Analyst: Actuarial science graduates can also pursue careers as financial analysts, providing insights into investment opportunities, analyzing market trends, and assisting businesses in financial planning and strategy.
Data Analyst: With a strong foundation in statistics, graduates can work as data analysts, interpreting complex data sets to provide actionable insights for businesses across various sectors, including finance, healthcare, and marketing.
Investment Analyst: Investment analysts assess the performance of investment portfolios, conducting research to recommend investment strategies. They analyze economic trends and market conditions to help clients achieve their financial goals.
Quantitative Analyst: Often employed by banks and investment firms, quantitative analysts use mathematical models to analyze financial data and develop trading strategies. They play a crucial role in risk management and algorithmic trading.
Insurance Product Developer: Graduates can work in developing new insurance products, using their understanding of risk and customer needs to create innovative solutions that meet market demands.
Consulting Roles: Many actuaries work as consultants, providing expertise to various organizations on risk management, insurance, and financial planning. This role may involve advising clients on regulatory compliance, product development, and financial forecasting.
