• Course Delivery
    100% Online
  • Total Credits
    120
  • In-State Tuition Per Credit
    $320.00
  • Out of State Tuition Per Credit
    $450.00

Actuarial Science, BS

Bachelor of Science

US News and World Report - best bachelor's 2023
What you study

The IU Online BS in Actuarial Science offers instruction in mathematics, actuarial mathematics, probability and statistics, finance, statistical modeling, data analysis, and software application. 

Study the key concepts of insurance, risk management, and interest theory. Solve conceptual and computational problems. Learn to price-risk to determine premiums, analyze data, determine suitable models and parameter values, and provide measures of confidence. Calculate present and accumulated values for various streams of cash flow.

How you benefit

The learning outcomes for this BS align with actuarial science core competencies as outlined by professional organizations such as the Society of Actuaries and the American Academy of Actuaries. This program prepares you for success in the first two professional exams in actuarial science, and provides the foundation for subsequent exams.

This 100 percent online program is taught by IU East, IU Northwest, IU South Bend, and IU Southeast.  

Download a printable PDF summary of the BS in Actuarial Science. 

Students admitted to IU Online receive a full range of personalized support services, including:

  • Onboarding
  • Advising
  • Success Coaching
  • Math and Writing Support
  • Career Services
  • Peer Mentorship
  • Tutoring

Your IU Online BS in Actuarial Science prepares you for such careers as: 

  • Actuary
  • Insurance analyst
  • Market research analyst 
  • Management analyst
  • Financial manager/analyst
  • Actuarial consultant

To graduate with the BS in Actuarial Science, you must complete a minimum of 120 credit hours. Requirements are broken down as follows:

  • Core actuarial science courses (9 credit hours)
  • Core mathematics courses (31 credit hours)
  • Programming/computer science courses (6 credit hours)
  • Business and economics courses (15 credit hours)
  • Upper-level actuarial science electives (15 credit hours)
  • General education courses, as needed to fulfill the 120 credit hour requirement

To be accepted to this program, you must have:
  • Admission requirements vary.
To apply to this program:
  • Complete application for admission.
  • Submit official transcripts.
Application Dates

Fall semester (first-year freshmen): May 1

Fall semester (non–first-year students): Jun 1

Spring semester: Dec 1

Summer session I: Mar 15

Summer session II: May 1

You can transfer up to 64 credit hours from a regionally accredited community college, or 90 credit hours from an accredited four-year university or college.

Core - actuarial science courses

MATH-M 320

-or-

MATH 37300 (IUPUI)

Theory of Interest

 

3 Credits

MATH-M 445

-or-

MATH 37100 (IUPUI)

Probability Theory for Risk Management

-or-

Act Models I

3 Credits

 

2 Credits

MATH-M 446

-or-

MATH 47300 (IUPUI)

Financial Mathematics

-or-

Act Models II

3 Credits

Find course descriptions with our Search Schedule of Classes/Courses tool.

Tuition & Fees

Cost for Indiana Residents
  • Per Credit Hour
  • Tuition: $320.00
  • 3 Credit Hours
  • Tuition: $960.00
Note: 

Additional fees will apply.

Cost for Out of State Residents
  • Per Credit Hour
  • Tuition: $450.00
  • 3 Credit Hours
  • Tuition: $1350.00
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