Purdue University
Actuarial Science

West Lafayette, USA

DEGREE TYPE

Course

DURATION

LANGUAGES

English

PACE

APPLICATION DEADLINE

EARLIEST START DATE

STUDY FORMAT

On-Campus

Key Summary

About : The Actuarial Science postgraduate program focuses on mathematical and statistical methods used to assess risk in various industries. It prepares students for the actuarial profession by covering topics such as probability, financial mathematics, and insurance. The program typically spans one to two years, depending on whether students study full-time or part-time.

Career Outcomes : Graduates can pursue careers as actuaries, risk analysts, or consultants. They may work in insurance companies, government agencies, or financial institutions, where they apply analytical skills to inform decision-making and risk management strategies.

An actuary is a business person who uses mathematical and statistical tools to evaluate future risk and contingent events. Purdue's Actuarial Science Program is an interdisciplinary program jointly administered by the Department of Mathematics and the Department of Statistics. Upon graduation, students receive an Actuarial Science degree as well as a Statistics degree. Most students also choose a Business Management minor. Becoming an actuary requires passing a series of professional exams set by the Society of Actuaries and the Casualty Actuarial Society. Students will be prepared for the first five exams and take the exams while still in college. Most students are recruited to careers as actuaries immediately after college working in banking, insurance, government agencies and financial services.

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