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Actuarial Science and Statistics, BS - Statistics Option

Actuarial Science and Statistics: Statistics BS

Prepare for a rewarding career in a fast-growing field in the University of Central Missouri’s Actuarial Science and Statistics BS - Statistics Option program. You’ll learn how to apply statistical software and tools to solve important problems using data in a wide range of industries, from business and insurance to health care and more.
Because your degree in Statistics can be applied to a range of fields after graduation, you’ll have a number of possible jobs for Statistics majors available to you. To prepare, you can complement your Actuarial Science and Statistics major with a UCM minor to help focus your applied skills in a particular industry, field or business sector. 
Expert faculty with industry experience
Learn from Actuarial Science and Statistics program faculty who all hold doctorates in statistics or mathematics and are active in the industry. They work hard to ensure your academic success through both classroom support and small-group mentorships.

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Phoebe McLaughlin, Ph.D.
Professor and Department Chair
W.C. Morris Science Building, Room 203
Warrensburg, MO
Tel: 660-543-4554

College of Health, Science and Technology

Department of Mathematics Actuarial Science and Statistics


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Accelerated pathway to MS in Mathematics

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Lowest actuary program tuition in MO

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Dedicated computer lab for majors

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Fast-growing field

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Ranked one of the best business jobs

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.


Excellence in Actuarial Science & Statistics

  • The Society of Actuaries (SOA) recognizes UCM’s Actuarial Science and Statistics program as a Universities and Colleges Actuarial Programs-Advanced Curriculum (UCAP-AC) program. This distinction means our courses cover topics in at least four SOA preliminary exams and meet requirements you need to become an associate-level actuary. UCM is the only public university in Missouri — and one of about 60 universities in the United States — with this distinction.
  • Ranked among the 10: Most Affordable Bachelor's in Actuarial Science (Bachelor's Degree Center, 2022)


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.


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Take your degree further.

Most companies who post jobs for Statistics majors prefer candidates who have graduate degrees. Prepare for that step in your career by continuing your education with a master’s degree from UCM.

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Make yourself more marketable.

Add even more skills to your resume by combining your Statistics major with a related minor at UCM. A minor can also help you focus your skills for jobs with a degree in Statistics.

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Explore programs related to statistics.

If you’re interested in jobs for Statistics majors that benefit from the courses included in this degree program, you may also want to explore these other majors at UCM:


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