Report an accessibility problem

Actuarial Science ,BS

Actuarial Science, BS


Actuary, Analytics, Consulting, Risk, insurance, math

Is this your future? Actuaries are mathematicians who turn risk into reward by using numbers instead of crystal balls to evaluate the likelihood of future events. They design creative ways to reduce the likelihood of undesirable events and to mitigate the impact of any that may occur.

Program Description

Actuarial science students learn to use tools from mathematics, statistics and finance to measure the impact of risk in order to improve forecasting and decision-making in business, insurance and government sectors.

The BS degree program in actuarial science provides students with the preparation necessary for the required professional actuarial credentialing exams offered by the Society of Actuaries and the Casualty Actuarial Society.

At a Glance
  • Additional Program Fee: Yes
  • Second Language Requirement: No
  • First Required Math Course: MAT 270 - Calculus w/Analytic Geometry I
  • Math Intensity: Substantial program math intensity substantial

Required Courses (Major Map)
Accelerated Program Options
This program allows students to obtain both a bachelor's and master's degree in as little as five years. It is offered as an accelerated bachelor's and master's degree with:

Acceptance to the graduate program requires a separate application. During their junior year, eligible students are advised by their academic departments to apply. Accelerated options may not be available to ASU Online students.

Admission Requirements
General University Admission Requirements:

All students are required to meet general university admission requirements.
Freshman | Transfer | International | Readmission

Change of Major Requirements

Current ASU students wishing to change their major to actuarial science should have a minimum cumulative GPA of 3.00 (scale is 4.00 = "A"), have completed at least MAT 265 or MAT 270 and CIS 105 (or CSE 100 or CSE 110), and have earned a "B" grade or better in all critical classes they have already completed.

Students should refer to https://changemajor.apps.asu.edu for information about how to change a major to this program.

Transfer Options

ASU is committed to helping students thrive by offering tools that allow personalization of the transfer path to ASU. Students may use MyPath2ASU™ to outline a list of recommended courses to take prior to transfer.

ASU has transfer partnerships in Arizona and across the country to create a simplified transfer experience for students. These pathway programs include exclusive benefits, tools and resources, and help students save time and money in their college journey. Students may learn more about these programs by visiting the admission site: https://admission.asu.edu/transfer/MyPath2ASU.

Global Opportunities
Global Experience

Students are able to enhance their resumes with the heightened cultural competency, leadership, critical thinking skills and valuable experience they acquire through study abroad.

With over 250 programs available, study abroad allows students to tailor their experience to their unique interests and skill sets. Some examples of student experiences abroad in this area include a summer in Colombia and a semester in Ireland. https://goglobal.asu.edu/

Career Opportunities

Risk is a part of daily life and wherever there is risk, there are opportunities for actuarial intervention. Many actuaries work with insurance companies to calculate premiums, determine reserves needed to ensure an organization's financial health and to ensure organizations conform to stringent, complex legal mandates. Others help companies to establish retirement plans or are employed as consultants. Graduates with a BS in actuarial science possess skills that are transferable to any industry and any organization that requires risk modeling and management, including:

  • colleges and universities
  • consulting firms
  • energy, such as utilities, oil and gas
  • environment (on issues such as climate change and the financial impact or risk of extreme events)
  • financial services, such as banking and investment management
  • government agencies such as Social Security, the Department of Labor and Medicare (to manage social programs and to develop regulations and legislation)
  • insurance companies
  • retirement and pensions
  • transportation, such as shipping and air travel

Students can also apply the advanced problem-solving skills learned in the actuarial science undergraduate program to a variety of other professional careers, including:

  • analysts
  • business operations specialists
  • consultants
  • teachers

Career examples include but are not limited to those shown in the following list. Advanced degrees or certifications may be required for academic or clinical positions.


Career *Growth *Median Salary
17.6%
$111,030
  
not available
  
not available
14.1%
$108,350
  
not available
  
$68,270
  
$71,790
15.5%
$134,180
3.2%
$63,960
34.6%
$92,270
* Data obtained from the Occupational Information Network (O*NET) under sponsorship of the U.S. Department of Labor/Employment and Training Administration (USDOL/ETA).

Bright OutlookBright Outlook Green Occupation Green Occupation

Contact Information

What are Accelerated Programs?
Accelerated Programs allow students the opportunity to expedite the completion of their degree.

3 year programs

These programs allow students to fast-track their studies after admission and earn a bachelor’s degree in three years or fewer while participating in the same high-quality educational experience of a 4-year option. Students should talk to their academic advisor to get started.

4+1 year programs

These programs allow students to accelerate their studies by combining undergraduate with graduate coursework, which may allow them to earn a bachelor’s and a master's degree in as few as five years (for some programs).

Each program has requirements students must meet to be eligible for consideration. Acceptance to the graduate program requires a separate application. During their junior year, eligible students are advised by their academic departments to apply.
What are Concurrent Programs?
Students pursuing concurrent degrees earn two distinct degrees and receive two diplomas. ASU offers students two ways to earn concurrent degrees: by choosing a predetermined combination or creating their own combination. Predetermined combinations have a single admissions application and one easy to follow major map. To add a concurrent degree to your existing degree, work with your academic advisor. Either way, concurrent degrees allow students to pursue their own personal or professional interests.
What are Joint Programs?
Joint programs, or jointly conferred degrees, are offered by more than one college and provide opportunities for students to take advantage of the academic strengths of two academic units. Upon graduation, students are awarded one degree and one diploma conferred by two colleges.

What constitutes a New Program?
ASU adds new programs to Degree Search frequently. Come back often and look for the “New Programs” option.
What are Online Programs?
ASU Online offers programs in an entirely online format with multiple enrollment sessions throughout the year. See https://asuonline.asu.edu/ for more information.
What is the Western Undergraduate Exchange (WUE)?
The Western Undergraduate Exchange (WUE) is a program in which residents of western states (other than Arizona) may be eligible for reduced nonresident tuition. See more information and eligibility requirements on the Western Undergraduate Exchange (WUE) program.

click back to top