Bachelor of Science in Actuarial Studies
Greenville, USA
BSc
DURATION
4 years
LANGUAGES
English
PACE
Full time
APPLICATION DEADLINE
EARLIEST START DATE
Aug 2026
TUITION FEES
USD 36,364 / per year *
STUDY FORMAT
On-Campus
* additional fees apply for international students: services fee $1000 | medical insurance $1600
Key Summary
About: Thiel College combines a liberal-arts foundation with applied training to prepare you for the actuarial profession or advanced study in actuarial science. You'll get math and business coursework, hands-on assignments, service learning and internships. Major skills include applying calculus methods (limits, differentiation, integration), probability and statistics for complex problems, vector algebra and vector calculus, constructing logical proofs, and understanding the power and limits of calculators and computers.
Career Outcomes: Graduates can pursue roles as an actuary, actuarial analyst, risk analyst, data analyst, financial analyst, or actuarial consultant, or continue to graduate study in actuarial science or related quantitative fields.
The continuing growth of insurance and governmental agencies has maintained a constant demand for qualified actuaries. You will graduate with the mathematical training and business background needed to enter the actuarial profession directly.
Also, students who graduate with a degree in actuarial studies will be prepared for advanced study in actuarial science at a university.
Major Features
- Understand and be able to apply the three basic concepts from calculus: limits, differentiation, and integration.
- Have a strong understanding of probability and statistics and be able to apply statistical methods to complex problems.
- Understand and be able to apply the basic concepts of vector algebra and vector calculus.
- Be able to construct logical proofs.
- Understand the power and limitations of technologies (e.g., calculators and computers) as problem-solving tools.
A student who graduates from Thiel College with a major in actuarial studies will be able to:
- Use general probability theory to solve problems in the field of financial risk management;
- Apply interest theory to calculate the values of and payments for various financial instruments;
- Use derivatives to create and evaluate financial positions, especially those involving insurance;
- Use statistical methods to make decisions and analyze situations;
- Communicate statistical and financial information effectively, in both oral and written formats.
Major Requirements
In addition to taking one of the first two SOA exams (P or FM), a student majoring in actuarial studies must successfully complete the following courses. All courses applied to the major must be completed with a grade of C minus or higher.
- ACCT 113 Principles of Accounting I
- ACCT 123 Principles of Accounting II
Choose one of the following two courses:
- BADM 233 Managerial Accounting
- ACCT 313 Cost Accounting
Choose one of the following two courses:
- ENG 270 Advanced Composition
- ENG 260 Business and Technical Writing
- BADM 344 Finance
- CIS 112 Spreadsheet Applications
- CIS 113 Data Management Applications
- CSCI 159 Introduction to Programming
- MATH 181 Calculus I
- MATH 182 Calculus II
- MATH 281 Calculus III
- MATH 291 Linear Algebra
- MATH 341 Theory of Interest and Life Annuities
- MATH 342 Derivatives Markets
- MATH 451 Probability
- MATH 461 Statistics
- ECON 211 Principles of Macroeconomics
- ECON 221 Principles of Microeconomics
Scholarship Opportunities
Thiel College offers scholarships to students for reasons such as academic success, community service or involvement, exemplary leadership, and more! The scholarships available to environmental safety management majors are:
- The Dr. Judith A Crissman '64 Endowed Scholarship Fund
- Nathan Warren Harter and Besse Roseberry Harter Scholarship
- The Leland E. Householder ’33 Scholarship Fund
- Elizabeth McElhaney Scholarship
- The George and Magdalene Skegas Scholarship for Mathematics
- Arthur E. Smith Scholarship Fund
- TWC Amelia Earhart Scholarship
- Irene Wintersteen Memorial Science Scholarship
- The Nelson P. Yeardley Mathematics Scholarship