BS in Actuarial Science, North Central College

Naperville, Illinois

48 Months

Check Eligibility

About this course

The Actuarial Science program at North Central College focuses on analyzing financial costs of risk using mathematics, statistics, and financial theory. It offers students hands-on experience from their first year, preparing them for careers in risk management across various industries. The program emphasizes combining technical skills with practical experience through internships and research opportunities, aiming to help students secure internships with companies like Aon, Allstate, and Blue Cross Blue Shield. The coursework covers topics like calculus, probability, financial mathematics, data analytics, and economics, equipping students with the necessary tools to become effective risk management professionals.

Why this course is highly recommended

This program is ideal for students interested in managing and quantifying risk, merging technical and business skills to solve complex problems. The college provides early hands-on experience, industry connections, and support for actuarial exams, making it a strong pathway into a competitive and rewarding career in risk management and actuarial roles.

Specialisation

The program specializes in risk management, combining elements of mathematics, data science, and applied statistics to prepare students for roles as risk management professionals. It includes a broad range of coursework in financial mathematics, econometrics, data analytics, and insurance-related subjects, giving students a comprehensive background in the field.

Course fees

Application fees

1st year tuition fees

37.80L

Living cost

Degree requirements

Students must complete courses including Calculus I, II, III, The Theory of Interest, Financial Mathematics, Linear Algebra, Probability, Mathematical Statistics, Data Analytics, and additional courses in accounting, economics, and computer programming. A recommendation is for passing at least one actuarial exam and completing an internship before graduation.

English language test

IELTS

6.5

TOEFL

PTE

DUOLINGO

120

Career prospects

Graduates can pursue careers as actuaries or risk management professionals in various industries such as insurance, consulting, and finance. The college’s connections with companies like Allstate, Liberty Mutual, and Blue Cross Blue Shield facilitate internship and job placements, offering competitive starting salaries, career growth, and job security.

FAQs

What coursework is included in the program?

The program covers calculus, probability, financial mathematics, data analytics, economics, accounting, and computer programming courses.

Are internships recommended?

Yes, it is strongly recommended for students to pass at least one actuarial exam and complete an internship before graduation to enhance career prospects.