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Explore Your Study Abroad Career with Actuarial Sciences

Top Universities for Pursuing a Career in Actuarial Sciences

Actuaries are an integral part of any industry and play a vital role in commercial enterprises. The primary job of an actuary is to determine the potential risk of a targeted investment and analyze the extent of reward that can be accrued with that investment and the risk thereof.

Actuaries are typically expected to know the risk profile of their clients in case of life insurance and can also work in other areas of insurance such as flood insurance, corporate insurance and home-owners insurance. Actuarial science is an extremely lucrative and satisfying career path in which the actuaries are expected to put their knowledge of advanced Mathematical and Statistical tools to good use.

Their work is of crucial importance to Governments as well as private companies and their clients. As a result actuaries are much in demand in the current job market and demand for them is expected to increase by double digit percentages in the next few years.

The profession also promises good earning potential with actuaries earning a median salary of around 1, 00,000 USD per annum. We take a look at the top actuarial science programs in the USA currently as a part of Overseas Education.

Purdue University offers Study Abroad program in Actuarial Science

Purdue University offers a joint interdisciplinary program in actuarial science that is administered by the Department of Statistics and Department of Mathematics.

Students who Study Abroad at Purdue University can pursue a joint major in Actuarial Science, which is nationally reputed for its research, resources and low cost of the program. The major allows students who study overseas to prepare comprehensively for the first five examinations that are set by the Society of Actuaries as well as the Casualty Actuarial Society.

Students who plan overseas education in this university are offered the course at the undergraduate level only.

[Read More: Top 6 Countries for Pursuing MBA Abroad for Indian Students]

Milwaukee School of Engineering offers Masters in Actuarial Science for those interested for education in USA

Students who study abroad at the Milwaukee School of Engineering in actuarial science can rest assured that they are pursuing their major in one of the most reputed Educational Institutions in USA for actuarial science as well as statistics, computer science and mathematics.

The institute trains students who start their education in its premises, skills applying to a wide range of actuarial tools such as risk management and prevention, data analysis, probability, forecasting, human behavior and business management.

Students who study at MSOE and graduate from this program find employment in mid to senior positions in both private and public institutions. The study abroad program provides the students with in-depth knowledge in computer applications, computer programming, statistical analysis, business principles, database management and professional ethics.

Carnegie Mellon University for pursuing foreign education

Students, who study abroad at the Carnegie Mellon University get the opportunity to study at one of the most reputed departments for mathematics in the country. The students who are pursuing a career in actuarial Science at CMU get comprehensive training in a wide variety of skills that includes data analysis, data modelling and prediction as well as other applications that are related to the science of actuaries in financial domain during their overseas education program.

Ohio State University excelling in providing foreign education programs

Students, who study abroad at the Ohio State University, get an opportunity to be trained in the field of actuarial science. Students can start off with an actuarial science per-major to effectively demonstrate their competence in the subjects of statistics and mathematics before they can go to pursue a major in actuarial science.

The program for actuarial science at Ohio State University helps the students who study abroad at the university to successfully pass their major exams set by the Society of Actuaries and Casualty Actuarial Society.

The program's rigorous standards ensure that students who successfully complete it are able to find employment immediately upon graduation. The university also boasts of an Actuarial Science Club for students who study abroad, can join along with the other students of the university.

[Read More: Study Abroad Program for Better Future Career]

Temple University

Students who study at Temple University at the undergraduate level can pursue a B.B.A in actuarial science. The course trains them in skills pertaining to probability, calculus, statistics and actuarial modeling.

The program not unlike many other programs in actuarial sciences, prepares the students who study abroad in the course to sail through the major examinations set by the Casualty Actuarial Society as well as the Society of Actuaries.

To know more about the best universities in Abroad for pursuing a course in actuarial science contact Global Tree Overseas Education and immigration Consultants at Begumpet, Hyderabad, the most trusted overseas education consultant in India.

Most asked questions on Google

The common notion is that foreign universities are expensive, although with scholarships this is an exaggerated issue. What many fail to consider are time and effort. Studying in an Indian college leads to a lower average salary than earned by our western counterparts. This salary sets the tone for all future promotions since companies often look at your previous salaries during compensation appraisals. Additionally, most senior positions tend to be scooped up by individuals who have an international outlook through global exposure.  Finally, studying in a foreign country is an incredible learning experience helping students get a better academic as well as soft skill development.

Canada has been one of the market leaders in education for decades. However, what currently sets Maple Country apart is immigration. Canada is wholeheartedly inviting students to study in their universities to fill job vacancies that are always growing in the country. Students who study in Canada (especially a Master’s Degree) are practically assured of a Permanent Residency Visa.

A good score doesn’t automatically qualify a candidate for a scholarship, however, it is one of the primary factors that the admissions department looks for in a scholarship application. There are other attributes such as a candidate’s academics, extra-curricular, financial background, and application essays (SOPs).

We get this question a lot. Many candidates know which career path they want to take, but are at a loss for how to take that journey. Understanding the job role and the industry that you want to get into is the first step to picking the right university.

Carefully consider the immigration options of the country that the university that you are considering is in. This is more important when you intend to stay back in the country after the completion of your course.

Also, review the placement history of the university as well.

The first step is to list your preferences. By listing your preferences and strengths, describe your course of preference. Extensive research on the modules, software and its length for your preferred subject is necessary.


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