The Best Schools for Actuarial Science

If you enjoy mathematics and statistics, actuarial science may be a good choice of college major. The best schools for you will depend on your preferred location, level of admission competitiveness according to your high school grades and test scores, and your college budget. In the United States, about 95 institutions offer a major in actuarial science. According to the Bureau of Labor Statistics, actuaries will continue to enjoy a higher than average rate of job opportunities. Actuaries often work for insurance companies and financial consulting firms.
  1. Colleges on the East Coast

    • Baruch College of the City University of New York, Pennsylvania State University and the University of Connecticut attract students interested in this field. They are public institutions, with tuition and fees ranging from approximately $4,000 at Baruch to $13,000 at Penn State. Among private institutions, Bryant University in Rhode Island, University of Hartford in Connecticut, New York University, Rider University in New Jersey, and University of Pennsylvania offer solid academic programs to prepare students for careers in actuarial science and other aspects of finance. Tuition varies from approximately $26,000 to $35,000 per year at the private institutions. At all schools, you should assume another $8,000 to $15,000 for yearly room, board and living expenses.

    Colleges in the Midwest

    • University of Iowa, University of Illinois-Urbana-Champaign, University of Michigan and University of Wisconsin-Madison stand out as excellent institutions in the Midwest. All are large, comprehensive public universities with a variety of offerings in academics, athletics and extracurricular activities. The university's dominant presence in these communities makes these locations classic college towns. In this region, private institutions include Drake University in Iowa, and Butler University and St. Mary's College in Indiana.

    Colleges in the West

    • Among schools in the West, University of Texas (Dallas and San Antonio campuses), Brigham Young in Utah, Central Washington University in Washington State, Oregon State University and San Francisco State University offer the actuarial science major. However, other universities, such as those in the University of California system, the University of Colorado-Boulder and Seattle Pacific University feature applied math majors that may include course work that can lead to actuary careers.

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