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Actuarial Science and Statistics, BS - Actuarial Science Option

Actuarial Science Degree Program

Learn how to determine and assess risk in the University of Central Missouri’s Actuarial Science and Statistics bachelor’s degree program. The Actuarial Science option teaches you everything you need to know to become a professional actuary for insurance companies, financial institutions and government agencies. The program requirements are developed based on industry best practices and approved by the Society of Actuaries (SOA). 

In fact, UCM’s actuary program is recognized by the SOA as a UCAP-AC program (Universities and Colleges Actuarial Programs - Advanced Curriculum). This means your classes cover topics you need to know for certain SOA preliminary exams. We also offer Validation by Educational Experience (VEE) courses to further enhance your professional preparedness opportunities.

Skilled, dedicated faculty

You’ll get personalized attention from faculty members who hold the highest degrees in their fields and are SOA-credentialed actuaries themselves. In addition to giving you the classroom knowledge you need to excel in UCM’s actuary degree program, they’ll provide you with networking opportunities and professional guidance to help you start your career off strong.

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Contact

Phoebe McLaughlin, Ph.D.
Professor of Statistics and Mathematics
Assistant Chair of Mathematics Programs
William C. Morris Science Building, Room 227
Warrensburg, MO
Tel: 660-543-8931
pmclaughlin@ucmo.edu

College of Health, Science and Technology

School of Computer Science and Mathematics

Actuarial Science and Statistics


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SOA-recognized UCAP-AC actuary program

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#37 best actuary degree in the U.S.

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#10 most affordable actuarial science BS

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Accelerated bachelor’s to master’s option

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Ranked one of the best STEM jobs

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A high-paying, fast-growing field

What you will study

As part of your actuary degree requirements at the University of Central Missouri, you’ll take courses that build skills in actuarial mathematics, risk management, predictive analytics, finance, accounting and economics. Core courses you’ll take include:

  • Computer Programming
  • Introduction to the Mathematical Sciences
  • Regression Analysis
  • Statistical Modeling
  • Time Series Models and Analysis

Curriculum recognized by the Society of Actuaries 

UCM’s UCAP-AC-recognized program covers course material needed for at least four SOA preliminary exams. This also means you’ll benefit from us offering VEE courses, which are required to become an associate-level actuary. We offer VEE courses in economics, accounting and finance and mathematical statistics.

Accelerated BS/MS program 

Get a jumpstart on a high-powered career. If you meet certain requirements, you can become eligible for the BS Actuarial Science and Statistics/MS Mathematics - Actuarial Science and Statistics Option accelerated degree. In this Actuarial Statistics program, you’ll be able to complete both your bachelor’s and master’s degrees in only five years.

 

National Rankings

  • UCM’s Actuarial Science and Statistics program is recognized by the Society of Actuaries as a Universities and Colleges Actuarial Programs-Advanced Curriculum program. We hold this distinction for offering courses that cover at least four SOA preliminary exams and are required for you to become an associate-level actuary. UCM is the only public university in Missouri — and among only approximately 60 universities in the entire country — with this distinction.
  • UCM was ranked #10 for Most Affordable Bachelor’s in Actuarial Science in 2022 by the Bachelor’s Degree Center.
  • UCM was ranked #37 in the country in the Top 50 Best Value Bachelor of Actuarial Science Programs in 2020 by Value Colleges.

 

Unique learning opportunities in actuarial science

UCM’s Actuarial Science and Statistics major, with a focus on Actuarial Science, provides a number of learning opportunities besides what’s needed to complete your actuary degree requirements. You’ll also have the chance to get practical learning experience through activities such as:

  • Internships: Take advantage of UCM’s convenient location near Kansas City by applying for an internship to get on-the-job training. Past Actuarial Statistics majors have found placements at Aetna, MetLife and Sun Life.
  • Dedicated computer labs: Get experience using statistical software common in the industry in UCM’s computer labs that are dedicated to Actuarial Science and Statistics majors.
  • Student life: Join The Actuarial Organization (TAO) at UCM for networking and professional development opportunities with local insurance companies, alumni and Career Services Center staff. Members of this student club also get together for social activities, including guest speaker events.

 

What can you do with an Actuary degree from UCM?

UCM prepares you to earn the credentials required to work as an actuary, which has been rated as one of the highest-paying jobs for college graduates by Payscale. As a professional actuary, you’ll be ready for roles that include data analysis, consulting, financial planning, underwriting, risk analysis and more. 

In fact, the high pay and number of exciting roles available to you are what make this career path one that frequently ranks highly on lists of best business jobs and best STEM jobs. 

Graduates from our Actuarial Statistics program have gone on to successful employment at companies such as:

  • Aetna
  • Americo
  • Assurant Employee Benefits
  • GEHA
  • Lewis & Ellis, Inc.
  • MetLife
  • Reinsurance Group of America
  • State Farm

If you choose to continue your education in graduate school, you’ll have a background that prepares you for master’s programs in specialized fields such as statistics, data science, accounting, finance and economics.

Careers with UCM’s Actuarial Science and Statistics degree

Use the interactive tool below to learn about the career opportunities open to you with an Actuary degree from UCM. Discover job openings, salary prospects, career growth projections and other information that can help you plan for your future.

 

 
 


 

Financial assistance options for your Actuary degree

We want you to start your high-paying career with as little debt as possible. That’s one of the reasons why the University of Central Missouri’s Actuarial Statistics program offers the lowest tuition rate among our top competitors. In addition, UCM provides a number of ways to help you finance your undergraduate education, including scholarships, grants, loans, tuition awards and access to federal financial aid.

You may also be eligible to apply for certain scholarships and awards offered by the UCM Alumni Association, such as:

  • Actuarial Science/Statistics Achievement Award
  • Harold and Sherralyn Craven Scholarship in Actuarial Science
  • Peggy Taylor Palmer Actuarial Science Scholarship 

You can learn more about program-specific scholarships at the UCM Scholarship Finder.

 

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Take your degree further.

Continue your education at the University of Central Missouri in a related graduate program.

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Make yourself more marketable.

Add a few courses to your Actuary degree requirements to expand your knowledge into supplementary areas of study.

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Explore programs related to actuarial science.

If you’re interested in actuarial statistics, you may also want to look into one of these other UCM majors.

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UCM Actuarial Science program is recognized by the Society of Actuaries and listed as an Undergraduate-Advanced program on the SOA website. UCM is one of approximately 60 universities in the United States to be in this top classification.

 

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