OverviewSalary and DebtIs a Bachelor's EnoughCareersSchoolsRelated ProgramsGenderRace/Origin
Overview
Actuarial science is a program that focuses on the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. includes instruction in forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods.
Highlights
School with the highest reported median starting salary ($86K) with a Bachelor's Degree: Drake University
Career with the highest median salary ($187K) where most workers have a Bachelor's Degree: Industrial Production Managers
Explore Pathways
Careers for program graduates
Actuarial science majors work in these careers, which are sized by percentage of majors in the career (at least 1%) and colored by the predominant level of education.
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Current completions
What level of degree do most graduates achieve, and do they match what your goals?
Completions over time
Have completions for actuarial science changed over time? Increasing completions may mean you'll likely have an easier time finding a school that offers this degree, with the opposite being true as well.
Show percentages
Number of graduates
Master's Degree
Postbaccalaureate Cert
Bachelor's Degree
Associate's Degree
1-2 Year Certificate
0-1 Year Certificate
Salary and Debt
How are students who recently completed a degree in actuarial science doing?
Below is the distribution of starting salaries along with accumulated federal and private education loans across schools that offer a degree in the field management sciences and quantitative methods, which includes
actuarial science.
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Context: median salaries
How does the median (middle) salary for actuarial science majors compare to the median salaries for other college majors?
Distribution: actuarial science majors' salaries by education level
What is the salary distribution for graduates with a bachelor's inactuarial science by the level of their highest degree (Graduate degrees may not be in the same field as the bachelor’s)
We only include salary data when the survey error is less than 20%, so you may see only partial information for some categories.
Is a bachelor's degree all you need?
Education level of workers with a bachelor's in actuarial science
Is a bachelor's degree going to be sufficient to make you competative in the job market? We can look at the education level of workers with a bachelors in this degree to see if there is a likely need for a graduate degree. You'll also want to check out the careers section on this page to where they are employed.
This chart shows the level of education of workers with a bachelor's degree in actuarial science. The worker's graduate degree may have been completed in a different field.
Education level of workers
Bachelor's Degree
Master's Degree
Professional Degree
Doctorate
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Context: Graduate degrees in any field by undergraduate ACS degree
About 23% of actuarial science majors chose to also earn a graduate degree (possibly of a different major). The percentage of actuarial science majors also earned a graduate degree is near the middle in comparison to other fields.
Context: Percentage salary boost obtained with a graduate degree
How important is a graduate degree for earning a higher salary? We can see the difference in salary of workers with a bachelors in this degree to workers with a bachelor’s AND a graduate degree.
Careers
Top careers for those with a degree in actuarial science
Following are the most frequent jobs held by people who earned a bachelor's degree in Actuarial Science, though may not be limited to just those with a bachelor’s.
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Careers for actuarial science majors
Where do actuarial science majors work, and how well do those jobs pay? A ** in the job title indicates that the Department of Education recommends this job for this program.
Career
Select any column header to sort by that column, and select any row to explore that career.
Not so much?
The top ten careers for workers with a bachelor's in actuarial science
Take a minute to interact with this sankey diagram. Follow the top ten jobs held by actuarial science graduates through to their most hired majors. Learn where it may easiest to find work. Expand the careers to explore other majors that might lead to the job that excites you the most. *For many majors, the top ten jobs don't even include half of graduates!*
Expand careers
What careers hire actuarial science majors as one of their top 10?
To the left of this diagram, see all careers that hire actuarial science majors as one of their top 10 majors, and on the right, see what proportion of openings for the jobs on the left are filled by actuarial science majors.
Where can I complete this degree
Explore schools that offer actuarial science degrees and certificates
You can use this table to find schools that offer this program based on location and program level offered. Each entry goes to a school page similar to this one with all our information about that school.
Understanding the columns
The school list includes a few facts about each school that give you an idea of the educational quality each school might offer:
Student-Faculty Ratio: A small number of students per full-time instructor suggests individual attention for each student and an up-to-date curriculum.
Satisfaction Rate: A high percentage of returning first-year students should correlate with satisfaction (schools call this their retention rate).
Repayment Rate: A high repayment rate means most alumni earn enough to make progress repaying loans within 7 years of leaving.
We also show the total enrollment for the school as measured by full-time-equivalent (FTE) students enrolled annually.
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Offering this program at this level
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of
Only schools in these states
102 schools offer this award at any level in the selected area.
School
State
Total enrollment
Student to Full-time Faculty Ratio
Average Net Price
Repayment Rate
6-year Completion Rate
Related Programs
Top 10 similar programs
Following are related programs, ordered by those with the highest number of completions. You can explore a full list by pressing the more details button.
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Careers for actuarial science majors
actuarial science is part of a larger collection of programs: Applied Mathematics and Computational Sciences. Is there a different program that's close to actuarial science that might be a better match for your interests? You can use this table to see a little about the programs that fall under this umbrella. If you click on any of the table headers, that will sort the table by that column, or click on a row and see Ididio's profile for that program.
Gender
Gender of recent graduates
Of all people with any degree in actuarial science earned in the last academic year, 42% were women.
Gender
Men
Women
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Completions over time
Have completions by gender changed over time, or at specific levels of education?
Award level
All levels
Women
Men
Context: Gender representation
How does the gender distribution in this major compare to all other majors?
Context: Percentage women
This major has a lower percentage of women than 64% other programs.
Distribution: salaries by gender
Does gender greatly influence your salary with this degree? The closer the bar are, the less discrepancy there is.
Race/Origin
Race/Origin of recent graduates
Here is an overview of race/origin for all actuarial science graduates from this last academic year. We found a higher percentage of international graduates in this program than in 94% of other programs.
Race/Origin
White
Black
Pacific Islander
Hispanic
Asian
American Indian
Multiracial
Not Reported
International
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Completions over time
Have completions by race/origin changed over time, or at specific levels of education?
Award level
All levels
International
Not Reported
Multiracial
American Indian
Asian
Hispanic
Pacific Islander
Black
White
Context: Percentage of Minority Graduates
Minority students comprise a higher percentage of graduates than in 70% of other programs.
