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Students
Tuition Fee
USD 23,700
Per year
Start Date
Medium of studying
On campus
Duration
36 months
Program Facts
Program Details
Degree
Bachelors
Major
Actuarial Science | Statistics | Probability Theory
Area of study
Mathematics and Statistics
Education type
On campus
Timing
Full time
Course Language
English
Tuition Fee
Average International Tuition Fee
USD 23,700
Intakes
Program start dateApplication deadline
2024-09-01-
2024-05-01-
2024-07-01-
2024-11-01-
2024-03-01-
About Program

Program Overview


The Actuarial Sciences B.S. degree at UCF integrates mathematics, statistics, economics, and finance, preparing students for the professional actuarial field and exams. The program offers job opportunities in a fast-growing profession, with graduates often reaching upper management and executive positions. Students must maintain a 2.0 GPA in major courses and pass either the SOA P or FM exam to graduate.

Program Outline


Degree Overview:

The Actuarial Sciences B.S. degree prepares students for work in the actuarial field and the professional examinations required. The program integrates mathematics, statistics, economics, and finance, providing a wide range of job opportunities. Actuaries must have good communication skills, high ethical standards, and extensive academic training. The program prepares students for the professional examinations required by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Many students complete one or more of these exams while completing the degree, and most students are able to obtain an Associateship within three to five years after graduation.


Assessment:

Students must earn at least a "C" (2.0) in each course with an STA prefix. Students must achieve a minimum 2.0 cumulative GPA in all computer science and mathematics courses satisfying major requirements. Students must achieve a minimum cumulative GPA of 2.0 in all courses satisfying major requirements. Students need to take SOA P exam (Probability) or SOA FM exam (Financial Mathematics) and report the score to the department. Only one exam needed as the exit requirement.


Careers:

The actuarial field is one of the fastest growing professions, consistently rated as one of the top five jobs in the U.S. based on income, job stability, demand, and other factors. Actuaries’ career paths often lead to upper management and executive positions.


Other:

The two testing bodies in North America are the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Co-op or internship credit cannot be used in this major without prior approval. Students should consult with a departmental advisor. All prerequisites of courses taught within the College of Sciences will be enforced. Courses designated in 1 (General Education Program) are generally spread over 4 years, and those designated in 2 (Common Program Prerequisites) are usually completed in the first 60 hours. All statistics courses except the following, and those protected by Florida Common Course Numbering must be taken from, or approved by the Statistics and Data Science Department at UCF.

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