M.S. in Business Analytics & Project Management
UConn's M.S. in Business Analytics & Project Management program is designed for...
B.A. or B.S. in Mathematics - Actuarial Science
Storrs, Stamford
INTAKE: August
Program Overview
The B.A. or B.S. in Mathematics with a concentration in Actuarial Science at UConn offers a strong foundation in mathematics, statistics, and financial theory. Students in this program gain critical knowledge of probability, statistical analysis, and financial mathematics—skills essential for analyzing and managing risk. This program not only prepares students for the actuarial exams, which are fundamental for obtaining professional certifications, but also provides the analytical and technical abilities required to succeed in a variety of financial and insurance industries. By combining theoretical coursework with hands-on experience, students are ready to address real-world challenges in risk analysis and management upon graduation.
STEM Designated: UConn’s B.A. or B.S. in Mathematics - Actuarial Science is a STEM-designated program, reflecting the growing importance of science, technology, engineering, and mathematics in solving complex, data-driven problems. This designation enhances the appeal of the program, particularly for international students, as it allows for extended post-graduation opportunities under the Optional Practical Training (OPT) program. Additionally, the STEM focus prepares students for a variety of career paths that require expertise in quantitative analysis, data modeling, and financial risk management, fields that are increasingly vital in the global economy.
Curriculum: The curriculum for the B.A. or B.S. in Mathematics with an Actuarial Science focus at UConn is carefully designed to build a strong mathematical foundation while introducing students to specialized actuarial science courses. Core courses include calculus, linear algebra, probability, and mathematical statistics, which provide the quantitative skills necessary for actuarial work. In addition to these fundamental courses, students take specialized classes in actuarial science, which include topics like financial mathematics, risk management, pension plans, and insurance modeling. The curriculum also includes advanced courses in probability theory and stochastic processes, equipping students with the ability to model and manage uncertainty—critical skills for actuarial professionals. Students are encouraged to prepare for professional actuarial exams as part of their studies, enhancing their qualifications and competitiveness in the job market.
Research Focus: UConn’s Department of Mathematics is actively involved in research in fields closely related to actuarial science, including financial mathematics, risk theory, and statistical modeling. Students pursuing the B.A. or B.S. in Mathematics with a concentration in Actuarial Science have opportunities to engage with faculty members on research projects that explore topics such as stochastic processes, actuarial modeling, and the application of mathematical tools to real-world financial problems. This research emphasis not only enhances students' academic experience but also prepares them to tackle complex problems in the actuarial field. By participating in research, students gain exposure to the latest advancements in the industry and develop skills that can be applied to their future careers or advanced studies in graduate programs.
Industry Engagement: UConn has strong ties to the actuarial and financial industries, offering students a wealth of opportunities for internships, co-op programs, and networking. These connections ensure that students in the Actuarial Science program can gain real-world experience and develop professional relationships that will serve them throughout their careers. The university's location in Connecticut, a hub for insurance and finance industries, provides students with unique access to top-tier companies in the field. Through industry partnerships, students can engage with professionals, attend industry events, and secure internships that offer valuable hands-on experience in actuarial science, risk management, and insurance analysis. UConn’s Career Services and strong alumni network also support students in securing job placements and advancing their careers after graduation.
Global Perspective: UConn’s B.A. or B.S. in Mathematics - Actuarial Science incorporates a global perspective, preparing students to work in an increasingly interconnected world. The program provides students with an understanding of international financial systems, global risk management practices, and the challenges of managing financial uncertainty in a global economy. UConn offers study abroad opportunities, allowing students to gain exposure to different financial markets and risk management approaches. Additionally, the curriculum emphasizes the importance of understanding global actuarial standards and practices, making graduates of the program highly adaptable and competitive in the global job market. Whether working in the U.S. or abroad, UConn graduates are equipped to apply their actuarial expertise in a variety of international contexts.
Location
Storrs, Stamford
Score
IELTS 6.5
Tuition Fee
USD 39678
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 or 7.0 with a minimum of 6.0 in each component.
- TOEFL: Overall score of 79 or higher.
- DET (Duolingo English Test): Minimum score of 100.
The University of Connecticut (UConn) offers a range of merit-based scholarships to support international students in their academic journey. These scholarships are designed to recognize exceptional academic achievements and leadership qualities.
Global Excellence Award: This scholarship is awarded to international students who have demonstrated outstanding academic performance and leadership both in and outside the classroom.
Global Distinction Award: Similar to the Global Excellence Award, this scholarship recognizes international students with exceptional academic records and leadership abilities.
Global Leader Award: This award honors international students who have shown exceptional academic achievement and leadership qualities.
Graduates of the B.A. or B.S. in Mathematics with a focus on Actuarial Science from UConn are well-prepared for a variety of rewarding careers. The skills learned throughout the program, such as mathematical modeling, statistical analysis, and financial risk management, make students highly attractive to employers in the finance and insurance industries.
Actuary: Actuaries are highly specialized professionals who use mathematics, statistics, and financial theory to assess and manage risks related to insurance, pensions, health care, and more. As a graduate with an actuarial science focus, UConn students are well-prepared to take actuarial exams, which are required for licensure and professional certification. Actuaries typically work for insurance companies, pension funds, government agencies, and consulting firms, and they are involved in developing insurance policies, pension plans, and other financial products to manage risk.
Risk Manager: Risk managers are responsible for identifying, assessing, and mitigating financial risks that could affect an organization’s stability and success. They work across various industries, including finance, insurance, and banking, to ensure businesses are protected from uncertainties related to market changes, natural disasters, and other potential risks. UConn graduates who specialize in actuarial science possess the analytical tools and risk management knowledge required for these roles, which are in high demand.
Financial Analyst: Financial analysts evaluate the financial performance of organizations, investments, and markets, using data and mathematical models to forecast future trends. Their primary goal is to help companies and individuals make informed financial decisions. UConn graduates with a background in actuarial science are equipped with the quantitative skills needed to work as financial analysts in various sectors, including investment banking, corporate finance, and asset management.
Insurance Underwriter: Insurance underwriters assess the risks associated with insuring individuals and businesses. By evaluating risk factors such as health, age, and financial background, they determine whether a client is insurable and set premiums accordingly. UConn graduates with a solid foundation in actuarial science can pursue careers in underwriting, where they use statistical models to analyze risk and make data-driven decisions regarding policy issuance.
Pension Consultant: Pension consultants advise companies on the management and design of their retirement plans. They use actuarial techniques to calculate pension liabilities, assess risks, and ensure that pension funds remain financially sustainable. UConn graduates who specialize in actuarial science are well-positioned to work in this field, providing expertise to organizations on managing retirement plans and meeting regulatory requirements.
Investment Banker: Investment bankers assist companies with raising capital, mergers, acquisitions, and other financial transactions. They use financial modeling to assess the value of companies, investments, and potential deals. UConn students specializing in actuarial science possess the mathematical and analytical skills necessary to succeed in investment banking, particularly in roles related to risk assessment and valuation.
Data Scientist in Finance: Data scientists in finance apply advanced analytical and statistical techniques to large datasets to uncover insights and inform decision-making in areas such as trading, risk management, and portfolio management. UConn’s actuarial science program provides students with a strong foundation in statistical analysis and computational modeling, making them ideal candidates for data science roles in financial institutions, hedge funds, and investment firms.
Compliance Analyst: Compliance analysts work in the financial services industry to ensure that companies adhere to industry regulations and legal requirements. By analyzing data, monitoring transactions, and assessing risk, they help organizations avoid legal or financial penalties. UConn graduates who specialize in actuarial science have the skills needed to assess risk and ensure compliance with financial regulations, especially in insurance and banking.
Quantitative Analyst (Quant): Quantitative analysts, or “quants,” apply mathematical models and statistical methods to financial markets, seeking to optimize trading strategies, pricing models, and risk management practices. UConn’s program provides a strong foundation in mathematical modeling and statistical analysis, which are crucial for this fast-paced and high-paying career. Quants are in high demand at investment banks, hedge funds, and trading firms.
Corporate Finance Professional: Professionals in corporate finance manage an organization’s financial operations, including budgeting, forecasting, and capital investment analysis. These professionals use mathematical models and financial theories to optimize company performance. UConn graduates specializing in actuarial science are well-prepared to work in corporate finance, where they apply their skills in financial modeling, risk management, and investment analysis.
Economic Consultant: Economic consultants provide analysis and advice to firms, government agencies, and organizations on issues related to market trends, policy analysis, and risk management. With a strong foundation in mathematical modeling and data analysis, UConn graduates can pursue careers as economic consultants, using their actuarial skills to advise clients on economic strategy, risk mitigation, and decision-making.
Healthcare Actuary: Healthcare actuaries specialize in assessing and managing risks related to healthcare systems, insurance plans, and medical reimbursements. They use actuarial models to calculate healthcare costs, set premiums, and advise on healthcare policies. UConn graduates with a background in actuarial science are well-suited for this in-demand career, which is particularly relevant as healthcare costs continue to rise globally.
