Bachelor of Science [B.S] Actuarial Science
Most actuaries will move into careers in the insurance industry. Preparing for actuarial preliminary exams is stressed throughout the degree.
The MSU Actuarial Science Program is an interdisciplinary program that provides comprehensive training as a major or a specialization to highly motivated students in Michigan State University's College of Natural Science.
Finance, economics, accounting, computer science, statistics and probability all play a significant role in our education of the next generations of actuaries.
Each individual is admitted to the major based on his/her academic success, informed desire to pursue a career in the industry, and demonstrated potential to achieve established goals. After acceptance into the major or specializations, student scholars pursue a challenging academic program aligned with their professional interests.
Based on student preparation, the MSU Actuarial Science Program provides employers with the confidence that actuarial science students have the technical and soft skills necessary to make immediate contributions to their organization.
An employer can expect our students to:- Be prepared for exams P, FM, MFE, MLC and C as majors and P, FM and part of MLC as specializations,
- Master the content in courses that have been approved for VEE certification in applied statistics, corporate finance and economics,
- Have a modern approach to actuarial science that incorporates numerical analysis of problems using software like Excel or other software as well as high-level computer programs and actuarial software,
- Understand that actuaries have a duty to their employers and to society to communicate ideas effectively and to behave ethically, with the utmost respect for those who are affected by their actions,
- Work well individually and cooperatively,
- Be aware that the field is growing by leaps and bound, and that new, non-traditional applications arise constantly,
- Understand that the education of an actuary does not stop at graduation, and that active membership in the SOA, CAS, or CIA is vital to the North American actuary.
Tution & Application Fees
| Year | Year 1 | Year 2 | Year 3 | Year 4 |
| Tuition Fees | $42226 | $42226 | $42226 | $42226 |
| Books and supply | $1168 | $1168 | $1168 | $1168 |
| Miscellaneous expenses | $3950 | $3950 | $3950 | $3950 |
| Other Fees | $2118 | $2118 | $2118 | $2118 |
| Total Fees | $49462 | $49462 | $49462 | $49462 |
Examinations
| Exam Type | Exam Name | Score | Out of Score | Exam Level |
|---|---|---|---|---|
| TOEFL | Test of English as a Foreign Language | 79 | 120 | 3 |
| IELTS | International English Language Testing System | 6.5 | 9 | 3 |
| PTE | Pearson Test of English | 59 | 90 | 3 |
| SAT | Scholastic Aptitude Test | 1280 | 1600 | 1 |
| Duolingo | Duolingo | 105 | 160 | 1 |
Academic Eligibility:
- A Candidate needed to provide Senior School Certificate or School certificate awarded after standard XII.
- English and Maths (advanced or academic level) are required in grade 12.
- Two Science 12grade level is required.
- One Additional 12 grade course (advanced or academic level) is needed.
Indian Student Eligibility:
Indian students are eligible to apply if they have any one of the following certificates:
- All-India Senior School Certificate (AISSCE)
- Higher Secondary Certificate (HSC)
- Indian School Certificate (ISC)
- Intermediate Examination Certificate
- Pre-University Examination Certificate
- Students must have a Grade XII chemistry or Grade XII physics.
- Students also hold Grade XII math (Minimum math result of 55%).
English Language proficiency:
- Applicants from India, China, Vietnam, Philippines, and Pakistan should note that IELTS is the only proficiency score accepted by the Study Direct Stream (SDS) program.
- Meeting the minimum English requirements does not guarantee admission. Students with higher English proficiency scores will receive priority in the admission assessment process.
- Not all students will qualify for EAP-3106 in place of the required IELTS or TOEFL test scores.
The above requirements are the minimum requirements and do not guarantee admission. The admissions committee will consider all evidence in the file and decide. To know more about the requirem….Read More