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BUSINESS: ACTUARIAL SCIENCE, BBA

Actuarial science involves the construction and management of insurance and pension systems using knowledge from statistics/data science, mathematics, economics, finance, and computer science. The field of actuarial science centers on data analytics for risk assessment. The Actuarial Science major curriculum prepares students for careers with insurance companies, consulting firms, healthcare organizations, and government organizations. Courses offered cover the material of the preliminary examinations of the Casualty Actuarial Society and the Society of Actuaries as well as more advanced subjects such as regression analysis, health analytics, and machine learning. While it is not required for students to sit for actuarial exams, more than 90% of our students pass at least two professional exams before they graduate.

Intakes

Application Processing Time in Days: 10

Minimum English Language Requirements

English Level Description	IELTS (1.0 -9.0)	TOEFL IBT (0-120)	TOEFL CBT (0-300)	PTE (10-90)
Expert	9	120	297-300	86-90
Very Good	8.5	115-119	280-293	83-86
Very Good	8	110-114	270-280	79-83
Good	7.5	102-109	253-267	73-79
Good	7	94-101	240-253	65-73
Competent	6.5	79-93	213-233	58-65
Competent	6	60-78	170-210	50-58
Modest	5.5	46-59	133-210	43-50
Modest	5	35-45	107-133	36-43
Limited	4	32-34	97-103	30-36
Extremely Limited	< 4	< 31	< 93	< 30

Job Opportunity Potential

Actuaries are problem solvers with expertise in understanding and managing financial risk. They use historical information and models to help predict the future. Actuaries may specialize in life and health (risk of illness, disability or death), pensions (develop and analyze retirement programs) or property and casualty (personal property risks and risks associated with businesses).

PSW Opportunity

12 to 36 months( OPT duration depends on the major studied)

Admission Requirement / Eligibility Criteria

If you are currently enrolled in high school: Official transcripts from your U.S. high school, as well as transcripts for any secondary work (grades 9–12) completed prior to enrollment in a U.S. high school. Your current U.S. high school may submit their copy of your prior school transcript.

India

If you are currently enrolled in high school at the time of application:

An official copy of grade 10 secondary school examination board results officiated or attested by school official*
Internal grades for coursework taken in grades 11 and 12, through time of application.
In order to finalize admission, students must supply an officiated or attested copy of their grade 12 senior secondary board results.

If you have already completed high school at the time of application: Attested secondary and senior secondary/intermediate education board results*

*Board results listed on transcripts are not sufficient; we require attested copies of the actual results certificates issued by the examining board.

University of Wisconsin

Madison , Wisconsin ,United States