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US News World and Report - best bachelor's 2024

Actuarial Science, B.S.

Create impact in the world faster with a Bachelor of Science in Actuarial Science from IU Online. In this flexible degree program, you’ll learn how to use mathematics, statistics, and probability principles to anticipate future events and take preventive measures. 

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Course Delivery: 100% Online

Total Credits: 120

In-State Tuition Per Credit: $290.00

Out-of-State Tuition Per Credit: $390.00

Cost of attendance may vary by campus. View the total cost calculator

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Degree Overview

In this fast-paced program, you’ll learn actuarial mathematics, probability and statistics, finance, statistical modeling, data analysis, and software application. This program prepares you for success in the first two professional exams in actuarial science and provides the foundation for subsequent exams.

You’ll benefit from a career-focused program ranked among the best in the nation by U.S. News & World Report. You’ll graduate with an Indiana University degree respected by employers worldwide—and you can work on yours anytime and anywhere.

And the benefits start long before graduation. More than half of IU Online students advance in their careers before they complete their degree.

To apply to this program: 

  • Complete application for admissions
  • Submit official transcripts

Application Dates:
Rolling admissions. Application review will begin upon receipt of all required application materials. 

This degree is available at IU East, IU Indianapolis, IU Northwest, IU South Bend, and IU Southeast.

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

  • Auditor
  • Data analyst 
  • Financial planner
  • Investment analyst
  • Business analyst
  • Underwriter
  • Actuary

 

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.

To graduate with the B.S. 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

Mathematics Core Courses

Course Course Name
MATH-M 215 Calculus I
MATH-M 216 Calculus II
MATH-M 301 OR MATH-M 303 Linear Algebra and Applications OR Linear Algebra
MATH-M 311 Calculus III
MATH-M 313 OR MATH-M 343 Elementary Differential Equations with Applications OR  Differential Equations
MATH-M 447 Mathematical Modeling and Application I
MATH-M 448 Mathematical Modeling and Application II
MATH-M 360 and MATH-M 366 OR MATH-M 463 and MATH-M 466 Elements of Probability and Elements of Statistical Inference OR Probability and Statistics

Actuarial Science Core Courses

Course Course Name
MATH-M 320 Theory of Interest
MATH-M 445 Probability Theory for Risk Management
MATH-M 446 Financial Mathematics

 

Programming/Computer Science Core Courses

 

Course Course Name
CSCI-A 201 Programming I, Python
MATH-M 367 OR STAT-I 421 Introduction to Statistical Programming in R OR Modern Statistical Modeling Using R and SAS

 

Business and Economics Core Courses

 

Course Course Name
CON-E 103 OR ECON-E 201 Introduction to Microeconomics
ECON-E 104 OR ECON-E 202 Introduction to Macroeconomics
BUS-A 201 Introduction to Financial Accounting
BUS-A 202 Introduction to Managerial Accounting
BUS-F 301 Financial Management

 

Actuarial Science Electives (choose five)

Choose 5 classes from choices such as:

Course Course Name
MATH-M 451 Financial Math
MATH-M 485 Life Contingencies I
STAT-S 352 Data Modeling and Inference
STAT-S 431 Applied Linear Models I
STAT-S 432 Applied Linear Models II
STAT-S 450 Time Series Analysis

 

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

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