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Bachelor of Arts in Actuarial Science (STEM) University of Wisconsin - Milwaukee University of Wisconsin - Milwaukee, USA

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USD 20455

Tuition Fee (USD)

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USD 50 Waived

Application Fee

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48 months

Duration

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6.5

IELTS

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79

TOEFL

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60%

Min GPA

Program Overview

Actuarial science is the quantitative analysis of risk. In addition to mathematics and statistics courses, students in actuarial science take classes in finance, economics, and computer programming.  

What Do Actuaries Do?
Actuaries help individuals, businesses and society manage risk by evaluating the likelihood of future events and creating plans to reduce the negative financial or emotional impact of undesirable events. Some of the questions that actuaries address on a daily basis include:

  • What price best balances an insurance company’s risk tolerance with various risk parameters such as age of the insured, health status, place of residence, and other risk characteristics?
  • What would be the economic loss in the event of a flood, and how can these costs be covered?
  • How large a fund is needed for a company to provide pensions for its employees?
  • How likely is it for someone to be hospitalized? What is the average duration of a hospital stay, and how can the costs associated with each day of hospitalization be provided for?
  • In the event of a merger, how can the employee benefits plans of the different organizations be reconciled?
  • How should an investment portfolio be balanced to maximize return and minimize risk?
  • Actuaries also must take this information and convey it to their companies and customers clearly and concisely through written reports, graphs, charts, or other visual or oral presentation formats.
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Additional Information

Program Level 4-Year Bachelor's Degree

College/University Processing Time 28

Program Intensity Full-Time

Optional Practical Training (OPT) work permit

Program Intake

Closed

Jan 2024, Sep 2024

General Admission Requirement

    Academic Requirement

    • Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School.

    6.5 IELTS Score
    79 TOEFL Score Minimum Overall Score
    56 PTE Score Minimum Overall Score
    120 Duolingo Minimum Overall Score
    60% CGPA Minimum Overall Score

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    Tuition Fee

    The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the Programs page.

    Average Tuition Fee Per Year

    20455

    Tuition Fee
    (USD)

    USD 50 Waived

    Application Fee
    (USD)

    12000 Per year

    Average Cost of Living
    (USD)

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    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

    Check program website for more information about funding options.

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