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Applied Sciences and basic Sciences
Actuarial Science (B.S.)
Actuarial Science (B.S.)

Actuarial Science (B.S.)

  • ID:VU10003
  • Level:4-Year Bachelor's Degree
  • Duration:
  • Intake:

Fees (USD)

* General Fee, Books and Supplies

Estimated Total/program:
Apply
60
Accept letter
100
Visa
20
Fly
1

Admission Requirements

Entry requirements:

  • Your application to Valparaiso University
  • A copy of your passport
  • An official copy of your high school transcripts, with an English translation if they are in another language. Your transcripts are considered official if:
    • They are sent directly from your guidance counselor or another high school official.
    • You bring them to campus in a sealed and stamped envelope that came directly from your high school.
    • They are sent directly from a credential evaluator, such as WES or ECE.
    • They are directly from a government sponsoring organization or EducationUSA officer.

English requirements:

  • SAT (Reading & Writing score of 500)
  • ACT (English score of 24)
  • TOEFL (75 iBT minimum)
  • ELTS (6.0 minimum)
  • iTEP (3.8 or higher)
  • PTE (56 or higher)
  • GCE or GCSE English exam (Grade of A or B)
  • IB Higher Level English Exam (Score of 5, 6, or 7, or grade A or B)
  • Duolingo (100 or higher) in light of COVD-19 (subject to change)
  • Completion of at least two consecutive years of high school and graduating from a United States-based high school are also acceptable proof of English proficiency
  • Completion of Level 112 at an ELS Language Center. Conditional admission is available for students who have not yet met our English Proficiency requirements.

Other requirements:

NO

Course Information

Actuarial science is the study of the financial implications of uncertain future events. Actuaries study how to quantify and manage risk primarily in the fields of life and health insurance, pensions, employee benefits, and investments. They also work as financial consultants and as government employees on Social Security and Medicare issues.

Actuaries must have excellent quantitative reasoning skills in addition to an understanding of modern business and finance. To become an actuary, a candidate must pass a series of exams in areas such as probability, financial mathematics, and actuarial modeling.

The actuarial science program at Valpo, administered by the mathematics and statistics department, provides a background in the areas of mathematics, finance, statistics, and economics. A bachelor of science from Valparaiso University and passing marks in the first several examinations of the Society of Actuaries are sufficient to enter the field.

Students interested in pursuing the actuarial science major should confer with the program director, Patrick Sullivan.

More info: Click here

Introductory Courses 21-23 Credits

  • ACC 205 Financial Accounting 3 Credits
  • ECON 221 Principles of Microeconomics 3 Credits
  • ECON 222 Principles of Macroeconomics 3 Credits
  • IDS 115 Business Applications for Decision-Making 3 Credits
  • MATH 131 Calculus I 4 Credits
  • MATH 132 Calculus II 4 Credits

One course from the following two options:

  • MATH 260 Linear Systems and Matrices 1 Credit

  • MATH 264 Linear Algebra 3 Credits

Probability and Statistics 24 Credits

One course from the following three options:

  • IDS 205 Business Statistics 3 Credits

  • STAT 140 General Statistics 3 Credits

  • STAT 240 Statistical Analysis 3 Credits

One course from the following two options:

  • ECON 325 Econometrics 3 Credits

  • STAT 340 Statistics for Decision-Making 3 Credits

Each of the following:

  • STAT 299 Statistics Colloquium I 1 Credit

  • STAT 343 Time Series Analysis 3 Credits

  • STAT 344 Stochastic Processes 3 Credits

  • STAT 363 Introduction to SAS 3 Credits

  • STAT 399 Statistics Colloquium II 1 Credit

  • STAT 441 Probability 4 Credits

  • STAT 442 Mathematical Statistics 3 Credits

Finance and Modeling 12 Credits

  • FIN 304 Financial Modeling 3 Credits

  • FIN 410 Theory of Corporate Finance 3 Credits

  • FIN 420 Investment Management 3 Credits

  • ECON 338 Economics of Financial Market 3 Credits

Capstone Courses 4 Credits

  • ACRS 325 Actuarial Modeling 3 Credits

  • STAT 499 Statistics Colloquium III 1 Credit

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Pre Courses

No Course!
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Pathway Courses

No Course!
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Career Opportunity

Career Opportunity

A degree in actuarial science and passing exams leads directly to actuarial positions.  Valparaiso graduates have been hired into actuarial positions by: Milliman, Cincinnati Financial, The Hartford, Northwestern Mutual, Willis Towers Watson, BCU Financial, Price Water Cooper, Thrivent, and Segal Consulting. Graduates have also been hired into non-actuarial positions by: Epic Software, Davita Kidney Care, FIS Global, Panduit, GEICO, BrandSafway, and Primerica.

Ability to settle

Overseas Student Health Cover

Health Insurance - USD $1836 per year

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