Actuarial Science

Bachelor degree
48 months
Application deadlines: May 15, October 1
Processing time: up to 90 days
Application fee: $35
Full-time
Intakes: August 26
International tuition: $18,936
Domestic tuition: $12,510

Program overview

The major offers courses to prepare students for four actuarial exams: Exam P, Exam FM, Exam IFM, and Exam LTAM administered by the Society of Actuaries (SOA) or the Casualty Actuarial Society (CAS). All of the courses required to fulfill the SOA/CAS Validation by Education Experience (VEE) are offered at CMU, and those courses are required for the Actuarial Science major. Students should try to pass at least two exams by the time they graduate from CMU. The major also provides coursework to prepare a graduate for a career in the business world in which the insurance industry or analytics applications is the focus. If you’re interested in math and statistics, becoming an actuarial science major may be a perfect fit. Actuarial Science Overview Actuarial Science Program Requirements Actuarial Science Major Map The course listings shown below under 'coursework' are the requirements for this academic program. For a full review of this program in detail please see our official online academic bulletin  AND consult with an academic advisor. This listing does not include the  General Education  courses required for all majors and may not include some program specific information, such as admissions, retention, and termination standards.

Study options

This program can be done
On campus

Requirements

Exams:

    Step 1: Application for admission Submit a completed International Student Application for Admission online and the accompanying $35 application fee. The fee may be paid by credit card (at the end of the online application), or by check/money order payable to Central Michigan University and written from a U.S. bank. Application deadlines: Apply by May 15 if you are beginning classes in the fall semester. Apply by October 1 to begin classes in the spring semester. Step 2: Official transcripts Official transcripts should be sent directly to the Admissions Office by all secondary and post-secondary institutions which you have attended. Transcripts must include English translations. Step 3: Passport Please submit a copy of the biographic page of your passport. Step 4: English proficiency If you are not a citizen or permanent resident of a country exempt from the Test of English as a Foreign Language (TOEFL), you must demonstrate a proficiency in English by one of the following methods: Test of English as a Foreign Language (minimum score of 550 PBT, 213 CBT, or 79 IBT) International English Language Testing System (minimum score of 6.5) Michigan English Language Assessment Battery (minimum score of 77) Pearson Test of English (minimum score of 53)

    Career opportunities

    Most actuaries work full time in an office setting, but actuaries who work as consultants may frequently travel to meet with clients. Actuaries often develop, price and evaluate a variety of insurance products and calculate the costs of new risks.​

    You may also be interested in programs like