undergraduate
Actuarial science
Best schools with actuarial science
What is an actuarial science major?
Actuarial science students learn the mathematical and statistical analysis of risk, and their applications to insurance and other business management problems. This involves courses in forecasting theory, quantitative and non-quantitative risk measurement methodologies, development of risk tables, secondary data analysis, and computer-assisted research methods.
How much do actuarial science majors make?
median average salary
$100,000/yr
The national average salary for actuarial science graduates in the United States is $100,000 per year. Those in the top 10 percent make over $222,000 a year, while the bottom 10 percent make under $38,800 a year. While salary ranges can vary by role, industry, and location, actuarial science graduates typically make between $65,000 and $150,000 per year.
How popular is actuarial science as a major?
Each year, around 1,530 students obtain a bachelor’s degree in actuarial science. In 2021, 1,632 students received a bachelor's degree. This is 3% more actuarial science majors than there were in 2020. Actuarial science is a relatively popular major compared to other finance and accounting majors.
