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Actuarial Science and Statistics, BS - Actuarial Science Option
Actuarial Science Degree Program
Why Choose UCM for Your Actuarial Science and Statistics BS - Actuarial Science Option?
Learn to evaluate and manage financial risk with the Bachelor of Science in Actuarial Science and Statistics - Actuarial Science option at the University of Central Missouri. Designed for students who excel at math and analytical problem-solving, this program prepares you for a high-paying career as a professional actuary in insurance companies, financial institutions and government agencies. UCM offers the only public university program in Missouri recognized by the Society of Actuaries (SOA) as a UCAP-AC program, giving you direct preparation for preliminary exams and professional success.
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UCM's Actuarial Science and Statistics - Actuarial Science BS at a Glance
Degree Type: Bachelor of Science | Credit Hours: 120 Hours
Degree Can be Taken: Warrensburg
- Recognized as a UCAP-AC (Advanced Curriculum) program by the Society of Actuaries (SOA)
- Prepares students for SOA preliminary exams
- Accelerated BS/MS option available to earn your master's degree in five years
ContactPhoebe McLaughlin, PhD |
What will you learn in UCM’s Actuarial Science and Statistics - Actuarial Science Option BS program?
UCM's curriculum is aligned with Society of Actuaries (SOA) standards and industry best practices. You will gain foundational skills in actuarial mathematics, risk management, predictive analytics, finance, accounting and economics.
Coursework covers material needed for at least four SOA preliminary exams, alongside required Validation by Educational Experience (VEE) courses in economics, accounting, finance and mathematical statistics. Core courses and skill areas include:
- Computer Programming
- Python Programming
- Statistics and Data Analysis
- Regression Analysis
- Statistical Modeling
- Time Series Models and Analysis
Accelerated BS to MS Degree Path: If you meet program requirements, you can earn both your BS in Actuarial Science and Statistics and an MS in Mathematics (Actuarial Science and Statistics Option) in just five years.
Unique learning opportunities in UCM’s Actuarial Science and Statistics - Actuarial Science Option BS program
At UCM, your education extends beyond classroom study with hands-on learning, dedicated resources and student networking:
- Location-Based Internships: Apply for internships in nearby Kansas City to gain real-world experience. Past students have completed internships at companies like Aetna, MetLife and Sun Life.
- Dedicated Computer Labs: Practice using industry-standard statistical software in computer labs specifically reserved for Actuarial Science and Statistics majors.
- Student Organizations: Join The Society of Actuarial and Statistical Sciences (SASS). Members to participate in social events, attend guest speaker sessions and build professional connections with alumni, Career and Life Design Center staff and potential employers such as local insurance companies.
- Expert Faculty: Learn from SOA-credentialed actuaries and dedicated faculty holding terminal degrees who provide personalized mentoring, academic guidance and professional networking.
Fast facts about UCM's Actuarial Science and Statistics - Actuarial Science Option BS
- SOA Advanced Recognition: UCM is the only public university in Missouri—and one of roughly 60 nationwide—recognized by the Society of Actuaries as a UCAP-AC (Advanced Curriculum) program.
- Exam & VEE Readiness: This program prepares students for at least four SOA preliminary exams and provides VEE course credit in economics, accounting, finance and mathematical statistics.
- Accelerated Timeline: You can earn both a bachelor's and master's degree in five years through the accelerated BS/MS option.
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Financial Aid and Scholarships for UCM’s Actuarial Science and Statistics - Actuarial Science Option BS Students
As a UCM student, you’ll have a financial aid advisor as part of your six-person student support team to help you find the best way to finance your college education. UCM’s Actuarial Statistics program offers a highly competitive tuition rate, as well as grants, loans, tuition awards and access to federal financial aid opportunities.
Actuarial Science students can apply for dedicated scholarships offered through the UCM Alumni Association, including:
- Actuarial Science/Statistics Achievement Award
- Harold and Sherralyn Craven Scholarship in Actuarial Science
- Peggy Taylor Palmer Actuarial Science Scholarship
Explore all institutional opportunities and application steps using the UCM Scholarship Finder, and schedule a meeting with your financial aid advisor to structure your aid package.
Your next steps:
① Request information about Actuarial Science & Statistics at UCM.
② Schedule a visit or Connect virtually with a UCM admissions rep.
Career opportunities and outcomes for UCM’s Actuarial Science and Statistics - Actuarial Science Option BS graduates
UCM’s Actuarial Science degree opens doors to high-paying, fast-growing roles routinely ranked among top STEM and business careers. As a credentialed actuary, you will analyze data and assess risk for major organizations.
Graduates from UCM have secured positions at premier organizations, including:
- Aetna
- Americo
- AON
- GEHA
- Lewis & Ellis, Inc.
- MetLife
- Reinsurance Group of America
- Security Benefit
- State Farm
- Sun Life
Common career pathways include roles in data analysis, consulting, financial planning, underwriting and risk analysis. For those interested in advanced study, UCM provides strong preparation for graduate degree programs in statistics, data science, accounting, finance and economics.
Apply to UCM's Actuarial Science & Statistics - Actuarial Science program
The UCM Career and Life Design Center
The UCM Career and Life Design Center is here for undergraduate students, graduate students and alumni from all majors, identities and interests. We are a hub for career exploration and career readiness. We offer resources and support for:
- exploring career options
- life design (explore and build career and life journeys, designing next steps)
- job and internship searching
- document reviews (resumes, cover letters, personal statements, etc.)
- interviews (coaching and mock interviewing)
- Professional Clothing Studio
- preparation for graduate school (application materials, exploring programs)
- and more!
Take your degree further.
Continue your education at the University of Central Missouri in a related graduate program.
Make yourself more marketable.
Add a few courses to your Actuary degree requirements to expand your knowledge into supplementary areas of study.
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.
Frequently Asked Questions
You will build practical skills in actuarial mathematics, risk management, predictive analytics, finance, accounting and economics. Coursework covers Python programming, regression analysis, statistical modeling and time series analysis, giving you technical tools required for professional actuary roles.
The degree prepares you for roles in data analysis, consulting, financial planning, underwriting and risk analysis. Graduates work for major employers like State Farm, MetLife, Aetna and Reinsurance Group of America, or pursue advanced graduate degrees in fields like data science and economics.
Yes. As an SOA-recognized UCAP-AC program, UCM's curriculum covers material for at least four preliminary Society of Actuaries exams. UCM also provides Validation by Educational Experience (VEE) course credit in economics, accounting, finance and mathematical statistics required for associate-level actuary credentials.
Yes. UCM offers low tuition rates and financial aid options. Actuarial Science majors can apply for program-specific awards through the UCM Alumni Association, including the Peggy Taylor Palmer Actuarial Science Scholarship, the Harold and Sherralyn Craven Scholarship and the Actuarial Science/Statistics Achievement Award.
Yes. Students gain practical experience through internships near Kansas City with companies like Sun Life and Aetna, dedicated computer labs with industry statistical software, and student involvement in The Society of Actuarial and Statistical Sciences (SASS) club.
Yes, UCM actually offers an accelerated pathway so that qualifying undergraduates in this program can earn their MS in just five years.
