University Park,
PA,
United States
Type
Public
Degrees offered
Bachelor's Degree
BSc in Actuarial Science in University Park United States | Pennsylvania State University
Pennsylvania State University
|
University Park United States
Visit institution website
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Qualification
Bachelor Degree
Languages
English
Delivery Mode
On-Campus
Tuition (2025)
USD
41,212
Attendance
Full-time
Full-time Duration
48 months
An actuary is a business expert who applies mathematical expertise to identify, evaluate, and address intricate business and societal challenges. The Actuarial Science program emphasizes using mathematical and statistical principles to assess life, health, retirement, and other uncertainties, while also providing students with comprehensive business knowledge. Those pursuing this major will be equipped to start the professional certification process for Associateship and Fellowship with either the Society of Actuaries (A.S.A./F.S.A.) or the Casualty Actuarial Society (A.C.A.S./F.C.A.S.) during their studies.
This major covers the diverse expertise required for actuarial work, including calculus, probability, statistics, financial mathematics, economics, risk assessment, retirement planning, and insurance. Strong mathematical and statistical abilities are essential for success in this field.
Actuaries play a crucial role in businesses and government organizations by determining insurance costs for life or health coverage, as well as projecting claim payouts for events like natural disasters or accidents. The program curriculum prepares students for the professional exams necessary to become licensed actuaries. Students are advised to pass multiple exams before graduating, with employers often supporting them in completing the remaining certifications.
Destination of Study
Subjects of Study
Language Requirements
English
IELTS 6.0
Qualification Requirements
The majority of Penn State’s applications come from traditional, first-year students. The following types of students are considered first-year applicants (or freshman applicants, as some refer to them): Current high school student in his or her senior year; Student who has earned a high school diploma or a GED and has no post-secondary coursework; Student who has attempted 17 or fewer credits (semester hours) of college coursework at a regionally accredited college/university before attending Penn State; Current high school student who may have enrolled in another institution(s) before graduating from high school (dual enrollment); Student who may have attended Penn State on a nondegree basis.
English Language Proficiency
The following are ways in which you can satisfy the language proficiency requirement: TOEFL: A minimum TOEFL score of 80 on the Internet-based TOEFL or 550 on the old paper exam and a minimum of 20 in each section of the new paper exam (code #2660); IELTS: A minimum IELTS score of 6.5 on the academic test.
Tuition
USD
41,212