About the course

An actuary is a business professional who uses mathematical skills to define, analyze, and solve complex business and social problems. The Actuarial Science major stresses the application of mathematical and statistical concepts to the measurement of life, health, pensions, and other contingencies, while at the same time giving the student a broad understanding of the business environment.

　　The Actuarial Science major provides background in the wide range of knowledge needed to be a professional actuary including calculus, probability and statistics, financial and actuarial mathematics, economics, finance, risk management, pensions, and insurance. Excellent skills in mathematics and statistics is a critical component of this major.

　　Actuaries are vital to corporate and government agencies, calculating the costs of life or health insurance, or how much an insurance company can expect to pay in claims due to natural disasters, car accidents, and other situations. The curriculum is designed to prepare students for the series of professional examinations needed in order to be a practicing actuary. Students are encouraged to complete several of these exams prior to graduation with employers providing assistance to complete the remaining exams. Scholarships - View all scholarships Internships

　　

Start dates and prices

Course fees are indicative and should be used as a guide. Speak to a counsellor to get an accurate price.

　　Duration: 8 Semester(s)Fees: US$158,504

Intake	Location
Spring (January), 2024	University Park
Summer (May), 2024	University Park
Fall (September), 2024	University Park
Spring (January), 2025	University Park
Summer (May), 2025	University Park
Fall (September), 2025	University Park
Spring (January), 2026	University Park
Summer (May), 2026	University Park

　　

How to apply

Entry requirements for Pennsylvania State University - University Park

Official transcripts, which include all subjects studied each year and the grade/mark earned in each subject.

　　A minimum TOEFL score of 80 on the Internet-based TOEFL or 550 on the paper exam

　　A minimum IELTS score of 6.5 on the academic test

　　International Baccalaureate (IB): Score of 5 or higher on the English Language

　　Penn State requires first-year international students to submit an official score from the SAT or ACT examination.

　　

English language requirements

　　6.5

　　Overall IELTS band score

　　Book IELTS

　　About IELTS

　　Practice and prepare

　　TOEFL Internet based overall score: 80.0

　　

Application deadline:

This date isn’t available – speak to an IDP counsellor to get detailed information.

　　

Further information

Career outcomesIf you aren’t eligible for the above entry requirements, you might want to explore pathway options at Pennsylvania State University - University Park. If you want to find out more, please speak to our counsellors.

　　Pathway options to study at this institution

　　

Reviews and rankings

World ranking

　　122nd / 1250

　　THE World ranking

　　

What our students think

We’ve haven’t received any reviews for this institution yet.