Program/Course Name

Bachelor of Actuarial Science

Program/Course Abbreviation

BAS

Duration Range

3-4 years

Tuition Range (US, UK, AUS, NZ)

$10,000-$50,000 per year

Overview

A Bachelor of Actuarial Science degree is a program that prepares students to become experts in the field of actuarial science. This degree program provides students with a strong foundation in mathematics, statistics, finance and economics. Students will learn how to analyze and manage risk and how to use mathematical models to solve complex problems in the insurance, finance and investment industries.

Curriculum Overview by Year

• First Year: Calculus, Statistics, Microeconomics, Macroeconomics, Financial Accounting, Business Communication
• Second Year: Probability Theory, Financial Mathematics, Corporate Finance, Investment Analysis, Risk Management, Data Analysis and Visualization
• Third Year: Actuarial Models, Life Contingencies, Pension Mathematics, Health Insurance, Property and Casualty Insurance, Financial Reporting and Analysis
• Fourth Year: Actuarial Practice, Enterprise Risk Management, Advanced Topics in Actuarial Science, Professionalism and Ethics, Capstone Project

Key Components

• Mathematics
• Statistics
• Finance
• Economics
• Risk Management
• Actuarial Science

Career Prospects

Graduates of a Bachelor of Actuarial Science degree program can pursue a variety of careers in the insurance, finance and investment industries. Some common job titles include actuary, risk analyst, investment analyst, underwriter and financial planner. Graduates can work for insurance companies, consulting firms, government agencies and other organizations that require risk management expertise.

Salary Expectations

The salary expectations for graduates of a Bachelor of Actuarial Science degree program can vary depending on the industry, location and level of experience. According to the Bureau of Labor Statistics, the median annual wage for actuaries was $108,350 in May 2020.

For a more accurate understanding of salary expectations, you can utilize the Job Sites Search Engine, from our sister site jobRank, which searches over 4,600 job sites worldwide. Make sure to specify not only the job title but also the country you are interested in.

Conclusions

Overall, a Bachelor of Actuarial Science degree is a great choice for students who are interested in mathematics, statistics, finance and economics. This degree program provides students with a strong foundation in these areas, as well as the skills and knowledge needed to analyze and manage risk. It is important to note that the duration, tuition fees, curriculum, key components, career prospects and salary expectations can vary depending on the country and university where the degree is pursued. Visitors can search for where this specific degree is offered anywhere in the world through the uniRank World Universities Search Engine.

search for Bachelor of Actuarial Science (BAS) and add the Location (country, state etc.) or specific University you are interested in studying at.

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• Bachelor of Actuarial Science (BAS) United States
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