Bachelor of Science in Actuarial Science
Actuaries are professionals who use their knowledge of statistics, finance and business to define, analyze and solve business problems involving the cost of possible future events, such as death, sickness, injury, disability or loss of property, as well as stock market performance or income from insurance policies and pension plans.
The insurance industry is the largest employer of actuaries, but they also work in financial institutions, consulting firms, government agencies, universities, accounting and financial firms. Actuary is one of the most secure and highest-paying professions available, even during tough economic times. Annual starting salaries for graduates with a bachelor degree in actuarial science start at around $50,000 and quickly grow from there with each passed actuarial exam and developing experience. The University’s Career Center is an important resource for students pursuing their careers.
Training and Advancement
Actuaries achieve their full professional status by passing a series of actuarial examinations sponsored by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
Actuarial Science at UT Dallas
Actuarial science students receive rigorous mathematical background. Twelve courses are devoted to finance, economics, applied statistics, insurance and actuarial science preparing them for actuarial exams. Students must take 120 hours to graduate: 42 hours from the University’s core curriculum and 78 hours in the major.
Actuarial science students are encouraged to hold internships and participate in networking events throughout their college career. UT Dallas offers many tools to students to help them find — and obtain — internships and jobs, including a dedicated Career Center that can help with resume building and interviewing skills. UT Dallas’ location is a tremendous advantage for students. Dallas is a major hub for insurance companies and actuarial consulting firms, and many of these companies hire actuarial interns and professionals. Actuarial firms like Willis Towers Watson, Aon, Milliman, Liberty Mutual, Lewis & Ellis, Swiss Re, Optimum Re, Transamerica, Blue Cross Blue Shield, Globe Life Insurance, Kemper Insurance, Cigna, USAA are proud sponsors and employers of UT Dallas actuarial graduates.
Strong mathematics skills and interest in mathematical applications, statistics, economics and finance ensure a solid foundation for your career as an actuary.
College Choice ranks UT Dallas No. 9 in its 35 Best Actuarial Science Degrees.
Value Colleges ranks UT Dallas No. 47 in its Top 50 Best Value Bachelor’s of Actuarial Science Programs 2018.
Quick Facts about the School of Natural Sciences and Mathematics
UT Dallas’ School of Natural Sciences and Mathematics offers degree programs for undergraduate and graduate students in biology, chemistry, geosciences, mathematics and physics. In addition to regular coursework, undergraduates are encouraged to participate in research alongside the faculty and graduate students. From the world-renowned Alan G. MacDiarmid NanoTech Institute, headed by Dr. Ray Baughman, to the William B. Hanson Center for Space Sciences — where Dr. John Hoffman helped discover water on Mars — the science education at UT Dallas is a hands-on, high quality experience for undergraduates and graduate students alike.
The UTeach Dallas program offers students the opportunity to complete the requirements for high school teacher certification along with their regular BS or BA degrees.
- Established in 1975.
- Six departments.
- More than 3,200 students.
- 29 degrees offered.
- Faculty include a Nobel Prize winner and a member of the National Academy of Engineering.
Postbaccalaureate certificate in biomedical science graduate certification in data science
Fast Track to Graduate School
The Fast Track program enables exceptionally gifted UT Dallas students to include master’s level courses in their undergraduate degree plans. Students who meet the requirements for admission to graduate school and the minimum GPA requirement for their major can take up to 15 hours of graduate level coursework that can apply toward their undergraduate and graduate level coursework. To take graduate courses in the Fast Track program upper-division undergraduates must have completed 90 semester credit hours and petition their associate dean for permission to take graduate courses.