Actuarial Science and Statistics, BS - Statistics Option

What you will study

While completing your Statistics major at the University of Central Missouri, you’ll take a variety of exciting courses that immerse you in this fast-growing field. 

In our Regression Analysis class, you’ll be introduced to statistical software and learn to model potential solutions to important real-world data. In the Senior Projects class, you’ll transition from classroom lessons to workplace projects that are structured around the work you can expect to perform early in your actuary career.

Other core courses you may take include:

• Computer Programming
• Introduction to Probability and Statistics
• Probability Models
• Statistics and Data Analysis
• Time Series Models and Analysis

SOA-recognized curriculum

If you choose actuarial science as a career, you’ll benefit from UCM’s recognition by the Society of Actuaries (SOA). Our Actuary program is recognized as a Universities and Colleges Actuarial Programs - Advanced Curriculum program. This means that our Statistics major will help prepare you for at least four SOA preliminary exams.

Accelerated BS/MS Statistics and Actuary program

Start your master’s degree during your junior year by signing up for UCM’s accelerated degree program that combines the BS in Actuarial Science and Statistics with the MS in Mathematics - Actuarial Science and Statistics Option. If you qualify, you’ll be able to complete both your bachelor’s and master’s degrees in only five years.

 

 

Unique learning opportunities in statistics

Hands-on learning and professional networking opportunities are some of the biggest benefits you’ll get as a Statistics major at the University of Central Missouri.

• Mu Sigma Rho: You may be invited to join the Kansas/Western Missouri chapter of the Statistics Honor Society. You’ll get free membership for a year, and you can build your network with other professionals and potential employers.
• Internships: Practice what you learn in a real-world setting through an internship. Past students have interned for Commerce Bank, T-Mobile, and more.
• American Statistical Association events: Accumulate additional knowledge and experience outside the classroom at local American Statistical Association events. You can sign up for short courses to boost your understanding and knowledge of current statistical methods, software and more.
• Dedicated computer lab: Practice your skills on professional versions of statistical software in a computer lab reserved exclusively for students in Actuarial Statistics programs.

 

What can you do with a degree in Actuarial Science and Statistics from UCM?

Once you complete your Actuary and Statistics major requirements, you’ll be ready to excel in data analysis and consulting roles with insurance companies, financial institutions and government agencies. 

With this degree in Statistics from UCM, you can enter into jobs for Statistics majors that focus on:

• Actuarial science
• Cost estimation
• Data analysis
• Data science
• Database administration
• Financial analysis
• Market research
• Risk analysis
• Sports analysis

If you’d rather continue your education right after your undergraduate studies, you’ll be prepared to enter a graduate degree program to refine your skills and knowledge. Most companies seeking candidates to fill jobs with a degree in Statistics prefer graduates with a master’s degree. Grad school is a common path for students who plan to pursue a career as a professional statistician.

Jobs for Statistics majors

Use the interactive tool below to learn about career pathways for students who have completed UCM’s Statistics major. You can also learn about potential salaries, growth projections for jobs with a degree in Statistics and more.

 

 

Financial assistance options for your degree in Statistics

The Statistics major from the University of Central Missouri has one of the lowest tuition rates for degrees of its kind in Missouri. This means you don’t have to spend your college career worried about how you’re going to pay for it.

In addition to a high-value bachelor’s degree at an affordable price, UCM provides you with a number of ways to help finance your undergraduate education. Our financial aid counselors can identify scholarships, grants, tuition awards, employment opportunities and federal financial aid to help you pay for school without taking on a lot of student debt.

We also offer additional scholarships and awards for students earning certain degrees. You may be eligible for the following scholarships set aside for undergraduates in UCM’s Statistics and Actuary program:

• Actuarial Science/Statistics Achievement Award
• Peggy Taylor Palmer Actuarial Science Scholarship

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