Actuarial science includes a number of interrelated subjects, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming. In the last 30 years the field has undergone dramatic changes thanks to the growth of high-speed computers and software programs. According to the U.S. Bureau of Labor Statistics, employment of actuaries is projected to grow 22 percent from 2023 to 2033.

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Actuaries have a combination of strong analytic skills, business knowledge, and understanding of human behavior to manage the complex risks facing our society. They work in a wide variety of fields, from public and private sectors to higher education, labor unions, public accounting firms and consultants.

You may want to consider actuarial science if you …

  • Are able to do mathematics and detailed work with accuracy
  • Have keen analytical, project management and problem solving skills
  • Have an interest in business, including finance, accounting and economics
  • Have strong oral and written communication skills
  • Are proficient with computers and computer programs

Accreditation

This program is approved by the Society of Actuaries (SOA) and is included on the SOA listing of Universities and Colleges with Actuarial Programs (UCAP). Read more here.

Actuarial Science Program Details

Read more about MSOE's Actuarial Science undergraduate degree.

Graduate Outcomes

100%

We're proud that 100% of 2023-24 graduates from our actuarial science program are fully employed, enrolled in graduate school or enlisted in a branch of the military after graduation.

2024 Career Connections Center Annual Report

Meet our Faculty

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