Actuarial Science Programs Abroad

Actuarial science is not a new, but popular field of study in the world.This is a popular and rapidly developing area, whose specialists receive high salaries and good career opportunities.

What actuarial science does

Actuarial science, or Actuarial science, is a scientific discipline that applies mathematical and statistical methods to assess risks in insurance, finance and other industries. Actuaries are professionals who receive their qualifications through intensive study.

This discipline includes a number of interrelated subjects such as mathematics, probability theory, statistics, finance, economics and computer science.She originally used deterministic models to build tables.Over the past 30 years, science has undergone revolutionary changes due to the proliferation of high-speed computers and the combination of stochastic actuarial models with modern financial theory.

Where graduates work

With knowledge of actuarial science, the graduate can work indifferent areas of insurance: health and life insurance, pension insurance, property insurance and social security programs.Actuaries can also find jobs in finance, management of companies and enterprises.

The possibility of being out of work can be safely rejected.Since the specialty is not only in demand, but also highly paid. In 2017, the CareeCast website included this profession in the top of the best professions, not only because of the high salary, but also the wide opportunities for professional growth and low stress levels.The actuary profession ranked 11th with an average salary of $ 97,312.

Admission requirements

Having familiarized yourself with what actuarial science does and the programs offered by universities, we can conclude that mathematics is required for admission, informatics, economics.

Typically, an actuary has a bachelor's degree in mathematics, actuarial science, statistics, or some other analytical field.To become certified professionals, students must complete a master's degree in economics, statisticsand corporate finance.Students should also take classes outside of math and business to prepare for a career as an actuary.Knowledge in the field of computer science, especially programming languages, as well as the ability to use and develop tables, databases and statistical analysis tools are also valuable.

Scholarship Study

Many programs in actuarial science can be foundwho are willing to provide full or partial scholarships.We've put together a few examples so you can get an idea of ​​the approximate admission requirements and conditions of study.

Study in the USA

The University of Connecticut offers several programs for study in actuarial science, which include both undergraduate andmagistracy and doctoral studies.The main objective of the program is to provide students with a solid foundation in actuarial science and prepare them for the exams administered by the Society of Actuaries and the Actuarial Society so that each student takes at least two exams before graduation.A variety of undergraduate scholarships are offered, such as Stuart A. Robertson Memorial Scholarship, DW Simpson 2018 Actuarial Science Scholarship.

BA in England

Heriot-Watt University further work in various fields.Good academic performance can exempt students from professional exams (CT1-CT8), which gives the students of this program an advantage over students in other math majors.For admission, it is necessary to pass an A-level, including mathematics (or its equivalent), they also take a diploma of secondary technical education, which can replace one of the A-level subjects, if it is relevant, for foreign students it is necessary to pass an international language proficiency exam(IELTS 6.5).The CRL Scholarship Award is offered for international students.

Masters in the Netherlands

The University of Amsterdam offers a master's program in actuarial science. For admission, you need to complete a bachelor's degree in mathematics, physics or economics.It also assumes that the applicant is familiar with actuarial science, at least with risk theory and primary life insurance.It is mandatory to pass the international language proficiency test (TOEFL - 92, IELTS - 6.5).

The Amsterdam School of Economics (ASE) is a well-established school with an international focus and highly regarded researchers and faculty.Graduates of the University of Amsterdam find risk work in a wide variety of institutions.Career prospects in this area are among the best in the modern labor market in terms of both satisfaction and benefits.

International students who do not reside in the EU can apply for the Amsterdam Excellence Scholarship, Amsterdam Merit Scholarship, and Orange Tulip Scholarship

Masters in Canada

The Master of Mathematics in Actuarial Science program at University of Waterloo providesthe ability to conduct research in areas such as the practice of actuarial science, theory of actuarial science, finance and probability.For admission, you must have a bachelor's degree with the prevailing actuarial or statistical disciplines, an average score of at least 78% at a Canadian university or its equivalent, three letters of recommendation from teachers and the results of an international language proficiency test.Several scholarships are offered for international students, including the International Master's Student Award (IMSA) and the Ontario Graduate Scholarship.