Program Overview
Arizona State University's Actuarial Science program combines mathematics, statistics, and finance to prepare students for professional actuarial credentialing exams and careers in risk modeling and management. The program features a strong industry partnership, STEM-OPT extension eligibility, and a highly qualified faculty. Graduates are equipped with the skills and knowledge to excel in various industries, including insurance, consulting, finance, and government agencies.
Program Outline
Actuarial Science, BS at Arizona State University
Degree Overview:
This BS program in Actuarial Science combines mathematics, statistics, and finance to measure risk and improve forecasting and decision-making. Students will be prepared for the professional actuarial credentialing exams offered by the Society of Actuaries and the Casualty Actuarial Society. The program also offers reimbursements for the cost of taking these exams upon completion.
Key Objectives:
- To equip students with the ability to utilize mathematical and statistical theories to analyze actuarial data, draw analytical conclusions, and make informed decisions based on both qualitative and quantitative data.
- To prepare students for professional actuarial credentialing exams and potential licensure.
- To provide students with the transferable skills required for risk modeling and management in various industries.
Program Description:
The actuarial science program features a strong partnership with the local insurance industry, leading to numerous internship and scholarship opportunities. This program is also approved for the STEM-OPT extension, allowing international students to gain valuable work experience in the U.S. after graduation.
Outline:
- Major Map: The program details a comprehensive 2024-2025 Major Map outlining the required courses, including mathematics, statistics, probability, economics, finance, and actuarial science-specific courses.
- Concurrent Programs: Students can pursue concurrent degrees (double majors) in various fields to further specialize their skillset and align with their professional aspirations.
- Accelerated Programs: The program offers an accelerated option to earn both a bachelor's and master's degree in Actuarial Science within five years.
Assessment:
The program employs various assessment methods to evaluate student learning and progress, including:
- Exams: Regular examinations are conducted to assess understanding of concepts and application of theoretical knowledge.
- Assignments: Individual and group assignments are given to apply theoretical knowledge to real-world scenarios and develop critical thinking skills.
- Projects: Students undertake projects that require applying their acquired knowledge and skills to solve complex problems, demonstrating their ability to integrate different aspects of the curriculum.
Teaching:
The program boasts a highly qualified faculty with expertise in actuarial science, mathematics, statistics, and related fields. The teaching methods incorporate:
- Interactive lectures: Dynamic and engaging lectures that encourage active student participation and discussion.
- Problem-solving sessions: Dedicated sessions to tackle challenging problems and develop practical problem-solving skills.
- Case studies: Analysis of real-world case studies to apply theoretical knowledge and develop critical thinking and decision-making skills.
- Technology integration: Utilizing relevant software and tools to enhance the learning experience and prepare students for industry demands.
Careers:
Actuarial science graduates enjoy a high demand and promising career prospects. The program prepares students for various roles in diverse industries, including:
- Insurance: Actuarial Analyst, Risk Analyst, Pricing Actuary
- Consulting: Risk Management Consultant, Actuarial Consultant
- Finance: Quantitative Analyst, Financial Analyst
- Government Agencies: Statistician, Economist
- Other Industries: Risk Analyst, Data Scientist
Other:
- Global Opportunities: The program encourages students to pursue global experiences through study abroad programs and internships, enhancing their cultural competency and employability.
- Professional Licensure: Graduates are prepared for potential licensure in Arizona.
Conclusion:
The Actuarial Science, BS program at Arizona State University offers a comprehensive, rigorous, and career-oriented education preparing students for success in the dynamic field of actuarial science and beyond.
Arizona State University: A Comprehensive Overview
Overview:
Arizona State University (ASU) is a top-ranked research university located in the greater Phoenix metropolitan area. It is known for its innovative approach to education, offering a wide range of undergraduate and graduate programs across various disciplines. ASU is recognized for its commitment to inclusivity, serving learners at all stages of life and fostering a diverse and welcoming community.
Services Offered:
ASU provides a comprehensive range of services to support student success, including:
Academic Support:
Tutoring, advising, and academic success resources.Financial Aid:
Scholarships, financial aid programs, and tuition assistance.Student Life:
Housing and dining, clubs and activities, health and wellness services, and transportation.Career Services:
Job and career resources, internship opportunities, and career counseling.Student Life and Campus Experience:
ASU offers a vibrant and engaging campus experience with a strong sense of community. Students can participate in a wide array of clubs, organizations, and events, fostering personal growth and development. The university's diverse student body creates a rich cultural environment, promoting global perspectives and intercultural understanding.
Key Reasons to Study There:
Top-Ranked Programs:
ASU boasts numerous top-ranked programs, including 82 programs ranked in the top 25 nationally, with 37 in the top 10.Innovative Learning Environment:
ASU embraces a flexible and personalized approach to learning, allowing students to customize their academic journey.World-Class Faculty:
Students benefit from instruction led by renowned professors and researchers, many of whom are leaders in their fields.Global Impact:
ASU is consistently ranked among the top universities for global impact, demonstrating its commitment to addressing global challenges.Diverse and Inclusive Community:
ASU fosters a welcoming and inclusive environment, embracing students from all backgrounds and promoting a sense of belonging.Academic Programs:
ASU offers over 800 degree programs across a wide range of disciplines, including:
Undergraduate:
More than 400 undergraduate degrees in fields such as engineering, journalism, business, sustainability, nursing, education, and more.Graduate:
Over 450 graduate degrees, including master's and doctoral programs.Other:
ASU is known for its commitment to research and innovation, with a strong focus on addressing real-world challenges. The university is also a leader in sustainability, promoting environmental responsibility and social justice.
General University Admission Requirements:
All students applying to ASU, regardless of their origin, must meet the general university admission requirements. These requirements vary based on whether you are a first-year applicant, a transfer student, or an international student seeking readmission.
- First-year: https://students.asu.edu/admission/freshman
- Transfer: https://students.asu.edu/admission/transfer
- International: https://students.asu.edu/admission/international
- Readmission: https://students.asu.edu/admission/readmission
Additional Admission Requirements for Actuarial Science, BS:
In addition to the general university requirements, students specifically interested in the Actuarial Science program must fulfill the following criteria:
- Minimum GPA: A minimum cumulative GPA of 3.00 (on a 4.00 scale) is required for all applicants.
- Completed Coursework: Applicants must have completed the following courses with a "B" grade or better:
- MAT 270: Calculus with Analytic Geometry I
- CIS 105: Computer Applications and Information Technology (or CSE 100 or CSE 110)
- International Students: International students must also meet the specific requirements outlined on the ASU International Admissions website: https://students.asu.edu/admission/international
Language Proficiency Requirements:
Non-Native English Speakers:
Students whose native language is not English must demonstrate English proficiency by achieving a minimum score on one of the following standardized tests:
- TOEFL iBT: 80
- IELTS: 6.5
- PTE Academic: 53
