Actuarial Science is a professional discipline that assesses the financial risks in insurance, finance fields and other industries by applying mathematical and statistical methods.
At its essence, Actuarial Science as a profession attempts to quantify the risk of an event occurring through statistical and probability analysis, so that its financial impact can be evaluated. Thus, Actuaries aim to maintain the economic stability of insurance firms or other financial organisations by evaluating the financial implications of uncertain future events.
If you find yourself interested in data analysis, probability models and finance, you can consider studying Bachelors in Actuarial Science for your undergraduation. Actuarial Science will help you develop the knowledge base and skill set to evaluate the probability of financial risks and how to effectively plan for the same.
There are a wide range of career possibilities which you can consider after graduating in Actuarial Science. The job outlook for Actuaries is great considering the financial institutions proactive approach to prevent an undesirable occurring which can cause financial damages. Earning a Bachelors degree in Actuarial Science will help you take the right financial decisions to mitigate risks.
There are varied and numerous courses that one would come across while studying Actuarial Science. Below is the list of core courses in Bachelor's of Actuarial Science:
Actuarial Science subjects encompass a wide range of fields to help you prepare for the challenges and uncertainties of the financial world. Following are some of the Actuarial Science subjects needed to earn a bachelor’s degree:
These are the general requirements you can expect during the application process. Some universities may ask you for more documents, while others also accept students with a Bachelor’s degree that’s not related to Actuarial Studies.
STUDY ABROAD GUIDE