A student holds a textbook while presenting to the class during an actuarial science class.

Bachelor of Science in Actuarial Science

How can companies better manage risk? The actuarial science degree program at the University of St. Thomas is a Center of Actuarial Excellence and will build your ability to use mathematical, statistical and economic methods to assess and manage risk while helping you develop successful careers in insurance, finance and other related fields.

Why Study Actuarial Science at St. Thomas?

We are one of 32 programs in the world distinguished as a Center of Actuarial Excellence. We will help you build a solid foundation in the discipline through a rigorous curriculum and a range of extracurricular opportunities. The local insurance industry strongly supports our program through various internship and scholarship opportunities. Whether you join the Math and Actuarial Science Club or drop in for peer tutoring at the Mathematics Resource Center, we have the resources you need to prepare for a long and fulfilling career.

Seeing Risk from Multiple Angles

  • Course Requirements
  • Four-Year Plan
  • Degrees Awarded
  • Outside of the Classroom
  • Course Requirements

    In addition to the core actuarial science courses, you complete classes in statistics, mathematics, computer science, finance, economics and communication. This interdisciplinary blend of courses will cultivate your knowledge and skills to be a flexible and nimble professional in a fast-paced industry capable of effectively communicating important strategic decisions.

    Four-Year Plan

    Our faculty are here to help you develop a four-year plan catered to your personal and professional goals.

    Degrees Awarded

    • Bachelor of Science in Actuarial Science
    • Minor in Actuarial Science

    Outside of the Classroom

    Many of our students complete two or more professional actuarial exams by graduation. How do they achieve that? Group study sessions with their peers and exam reimbursement. In addition, our program is connected to the local actuarial community in the Twin Cities through our external advisory board and dedicated alumni that provide various enrichment and collaboration opportunities for students.

    Course Requirements

    Course Requirements

    In addition to the core actuarial science courses, you complete classes in statistics, mathematics, computer science, finance, economics and communication. This interdisciplinary blend of courses will cultivate your knowledge and skills to be a flexible and nimble professional in a fast-paced industry capable of effectively communicating important strategic decisions.

    Four-Year Plan

    Four-Year Plan

    Our faculty are here to help you develop a four-year plan catered to your personal and professional goals.

    Degrees Awarded

    Degrees Awarded

    • Bachelor of Science in Actuarial Science
    • Minor in Actuarial Science

    Outside of the Classroom

    Outside of the Classroom

    Many of our students complete two or more professional actuarial exams by graduation. How do they achieve that? Group study sessions with their peers and exam reimbursement. In addition, our program is connected to the local actuarial community in the Twin Cities through our external advisory board and dedicated alumni that provide various enrichment and collaboration opportunities for students.

    Two individuals work together on a laptop.

    Career Paths

    Actuarial science allows you to pursue multiple career paths after graduation.

    • Actuary
    • Data Analyst
    • Actuarial Consultant
    • Quantitative Analyst
    • Investment Analyst
    • State Insurance Regulator

    Scholarships

    Actuarial science majors are able to apply for multiple scholarships throughout their undergraduate career at St. Thomas.

    Allianz Scholarship

    The Allianz Scholarship awards generous funding to qualified sophomore and junior applicants. Students must submit an application outlining their activities in the Mathematics Department and the actuarial science program.

    Hubert and Karin Walczak Scholarship

    Seniors majoring in mathematics or actuarial science are eligible for this scholarship. Students must have at least a 3.5 GPA or higher. In addition, their involvement in the Mathematics Department will be considered as well.

    Travelers Scholarship

    This scholarship, based on financial need and academic merit, is for juniors and seniors eligible for work in the United States. Students must have at least a 3.2 GPA or higher.

    Real-World Experience

    Our versatile program offers many opportunities to get outside the classroom and your comfort zone at St. Thomas with student clubs and organizations, on-campus jobs and more.

    Center of Actuarial Excellence

    The University of St. Thomas is one of 32 institutions in the world to hold a Center of Actuarial Excellence (CAE) designation.

    Exam Preparation

    We offer out-of-class actuarial exam preparation sessions led by our professors.

    Study Abroad

    We have classes in London during J-term, as well as an exchange program with Heriot-Watt University in Scotland.

    Opportunities Abound

    Whether you intern with one of the many insurance companies in the area or join a student-led club, there's no shortage of ways to pursue your passions.

    Students and faculty from the Actuarial Science Program pose to represent a common actuarial symbol.

    The Future is Bright

    • Our alumni are engaged in our program, allowing for numerous networking opportunities throughout the year.
    • Actuaries have a high employment rate after graduation, and the field is expected grow 22% through 2026 according to the U.S. Bureau of Labor and Statistics.
    • We have an external advisory board that provides strong industry support for our program.

    MaRC Facility

    The Mathematics Resource Center (MaRC) is a warm, friendly space that offers free drop-in math tutoring for students.

    Mathematics Resource Center

    CAM Facility

    The Center for Applied Mathematics (CAM) supports and facilitates faculty and student research in the Mathematics Department.

    Center for Applied Mathematics
    Actuarial Science student video

    Apply Your Skills

    Actuarial science students at St. Thomas apply their mathematics skills to real-world situations. Our curriculum will challenge you to nurture your knowledge in math and develop practical communication skills needed in the workplace.