B.A. in Actuarial Science

The B.A. in Actuarial Science at the University of Wisconsin-Eau Claire is designed to provide students with a comprehensive understanding of the mathematical, statistical, and financial concepts required to evaluate risk and uncertainty in industries such as insurance, finance, and healthcare. The program prepares students to take actuarial exams and provides them with the foundational knowledge and skills necessary to work as actuaries, risk analysts, and data specialists. Through its rigorous coursework, the program equips students with a strong background in probability theory, financial mathematics, and actuarial models, preparing them for a range of career opportunities in the actuarial field.

STEM-designated: The B.A. in Actuarial Science is a STEM-designated program, emphasizing the technical and quantitative nature of actuarial work. The STEM designation highlights the program's focus on mathematics, statistics, data science, and computer science, areas that are essential for actuarial professionals. This designation reflects the program’s commitment to equipping students with the analytical tools and methodologies used to assess and manage risks in various sectors, from insurance to finance to healthcare.

Curriculum: The curriculum of the B.A. in Actuarial Science at UW-Eau Claire integrates courses in mathematics, statistics, economics, and finance, providing students with a well-rounded education that prepares them for real-world actuarial challenges. Core courses include probability theory, actuarial mathematics, financial mathematics, risk management, and statistical analysis. Students also gain exposure to computer programming, which is essential for modeling and analyzing data. The program encourages students to take actuarial exams during their studies, offering preparation and guidance to help them succeed in passing these exams. Additionally, students can benefit from internships and cooperative education opportunities to gain hands-on experience in the actuarial field.

Research Focus: The research focus within the B.A. in Actuarial Science program emphasizes applied mathematics, statistical modeling, and risk management. Students may engage in research projects that explore topics such as predictive modeling, data analytics, actuarial theory, and financial risk management. Faculty members are involved in research related to emerging trends in the actuarial profession, including the use of machine learning and artificial intelligence in risk analysis. This research provides students with opportunities to contribute to innovative solutions and enhance their technical expertise.

Industry Engagement: The B.A. in Actuarial Science at UW-Eau Claire emphasizes industry engagement through internships, networking events, and collaborations with leading companies in insurance, finance, and consulting. Students have access to industry professionals through guest lectures, workshops, and career fairs, providing them with valuable insights into industry trends and expectations. The program also has strong ties with local and national organizations, offering students numerous opportunities to gain practical experience in real-world actuarial environments. These engagements help students develop the skills, knowledge, and connections necessary to thrive in the actuarial profession.

Global Perspective: The B.A. in Actuarial Science program at UW-Eau Claire incorporates a global perspective by highlighting the international aspects of actuarial practice. Students are encouraged to explore how actuarial science is applied in different countries, considering various economic conditions, risk factors, and regulatory environments. The program prepares students to work in multinational companies or across borders, offering them a comprehensive understanding of global risk management practices and the complexities of actuarial work in different international markets.

Undergraduate Entry Requirements

Application Fee: $25

Academic Qualifications: Applicants for undergraduate programs typically require a minimum academic achievement of 60% 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 75 or higher.
• PTE: Overall score of 54 or higher.
• DET (Duolingo English Test): Minimum score of 115.

The University of Wisconsin-Eau Claire is fostering a diverse and inclusive academic environment, it offers various scholarships to international students to support their educational pursuits. These scholarships aim to recognize academic excellence, leadership potential, and contributions to the community. 

Academic Excellence Awards: The University of Wisconsin-Eau Claire provides merit-based scholarships to international students who demonstrate outstanding academic achievements. These awards are often determined by high school or college GPA, standardized test scores, and overall academic performance.

Cultural Diversity Scholarships: Recognizing the importance of diversity, the university offers scholarships specifically designed to support students from underrepresented regions or those with unique cultural backgrounds. These scholarships aim to create a more inclusive campus community.

Leadership and Community Involvement Scholarships: The university values students who exhibit leadership skills and actively contribute to their communities. Scholarships are available for international students who have demonstrated exceptional leadership qualities and community service.

Departmental Scholarships: Many academic departments at the University of Wisconsin-Eau Claire offer scholarships to students majoring in specific fields. These scholarships may be based on academic achievement, career goals, or involvement in departmental activities.

Global Engagement Scholarships: To encourage international students to actively engage with global perspectives, the university provides scholarships for those who participate in study abroad programs, internships, or research projects with an international focus.

Graduates of the B.A. in Actuarial Science from the University of Wisconsin-Eau Claire are equipped with the knowledge and skills to pursue various career opportunities in the fields of risk management, insurance, finance, and data science. With a strong foundation in mathematics, statistics, and financial theory, alumni are well-prepared for roles such as actuaries, risk analysts, data scientists, and financial analysts.

Actuary: Actuaries use mathematics and statistics to assess and manage risk for businesses, particularly in the insurance, healthcare, and pension sectors. They help companies determine policy pricing, evaluate claims, and predict future financial outcomes.

Risk Analyst: Risk analysts identify and analyze potential risks that could impact an organization’s financial stability or operations. This role involves forecasting, evaluating data, and providing recommendations to minimize risk exposure.

Data Scientist: Data scientists apply statistical analysis and machine learning to large datasets to uncover trends, make predictions, and inform business decisions. Actuarial science graduates, with their expertise in data analysis, are highly sought after in this field.

Financial Analyst: Financial analysts examine financial data to guide investment decisions, risk assessments, and company valuations. Actuarial graduates can leverage their knowledge of financial markets and risk management to excel in this role.

Consulting: Graduates can work as consultants, advising businesses on risk management strategies, insurance policies, and financial planning.