Actuarial Science

MSOE’s actuarial science degree teaches you how to manage and even avoid complex risks facing organizations today. You’ll use a combination of advanced mathematics with advanced computer programs, statistics, finance, probability and more.

Actuarial science includes a number of interrelated subjects, including probability, mathematics, statistics, finance, economics, financial economics, and computer programming. In the last 30 years the field has undergone dramatic changes thanks to the growth of high-speed computers and software programs. In 2013, job search website CareerCast ranked actuary as the number one job in the United States based on environment, income, hiring outlook, physical demands and stress.

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Actuaries have a combination of strong analytic skills, business knowledge, and understanding of human behavior to manage the complex risks facing our society. They work in a wide variety of fields, from public and private sectors to higher education, labor unions, public accounting firms and consultants.

You may want to consider actuarial science if you …

Are able to do mathematics and detailed work with accuracy
Have keen analytical, project management and problem solving skills
Have an interest in business, including finance, accounting and economics
Have strong oral and written communication skills
Are proficient with computers and computer programs

Accreditation

This program is approved by the Society of Actuaries (SOA) and is included on the SOA listing of Universities and Colleges with Actuarial Programs (UCAP). Read more here.

Actuarial Science Program Details

Read more about MSOE's Actuarial Science undergraduate degree.

Graduate Outcomes

100%

We're proud that 100% of 2021-22 graduates from our actuarial science program are fully employed, enrolled in graduate school or enlisted in a branch of the military after graduation.