Online and On-Campus w/Online Courses
Program Available
Bachelor's
Program Type
Total Credits
120
Affordability
Private School Education At State School Prices
Why Study Actuarial Science?
An actuarial science degree prepares you to enter a high-paying and fast-growing career that combines mathematics, statistics, and business. Park’s program prepares students to pass the first two Society of Actuaries certification exams, a key step toward becoming a professional actuary. Actuaries play a vital role in helping businesses manage risk and make informed financial decisions. With strong demand and excellent salary prospects, a Bachelor of Science in Actuarial Science offers both stability and opportunity.
What You’ll Learn
- In an actuarial science degree, you’ll build a strong foundation in financial and managerial accounting, learning how to prepare and analyze financial statements and use cost analysis for effective business decision-making. These skills are essential for evaluating financial risk and supporting strategic planning in organizations.
- You will gain insights into managerial accounting concepts such as cost behavior, cost-volume-profit analysis, and budgetary planning, which are critical for making informed financial decisions within organizations. These skills support the evaluation of business performance and strategic planning.
- The actuarial studies degree program includes computer programming training, primarily using Python, where you’ll develop algorithmic thinking and learn to work with data types, control flow, and functions. This technical expertise is essential for automating calculations and building actuarial models.
- You will study fundamental principles of insurance and risk management, focusing on how individuals, families, and businesses assess and manage risk. These concepts are key to understanding how actuaries design policies and mitigate financial losses.
- Advanced actuarial degree coursework covers calculus, probability, statistics, and financial mathematics, preparing you for actuarial certification exams. Topics include interest theory, probability models, differential equations, matrix algebra, and quantitative research methods, equipping you with the analytical tools to evaluate complex financial risks.
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Tuition & Fees
Park University offers a transparent and student-focused approach to tuition and financial aid. Our tuition structure is designed to be competitive and manageable, and our financial aid counselors are available to guide you through every step of the process. From understanding your cost breakdown to exploring funding options, we ensure that financial planning is clear, personalized, and aligned with your educational journey.
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Admission Requirements
Ready to take the next step in your education? Park University welcomes applicants with a high school diploma or equivalent who meet our undergraduate admission standards. Bachelor’s degrees require 120 credit hours, including coursework tailored to your major and core academic skills. To graduate, you’ll need to maintain a 2.0 GPA in your major and complete at least 30 credit hours at Park to meet the residency requirements, 15 of which must be earned in the major core. Whether you’re starting fresh or transferring in, we’re here to help you build a strong foundation for your future.
Visit Admissions Policies and Procedures to learn more about admission requirements at Park University.
Actuarial Science Career & Future Opportunities
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*General salary and employment outcomes vary by geographic area, previous work experience, education and opportunities for employment that are outside of Park University’s Control. The labor market and average salary range can be explored further at the U.S. Bureau of Labor and Statistics.
FAQs: Actuarial Science Degree, B.S.
Yes, Park University offers a flexible online actuary degree designed for working professionals. The actuarial science online program’s asynchronous format allows students to study probability, statistical methods, and risk management on their own schedule, while gaining the technical skills needed for careers in insurance, finance, and pension planning.
Park University’s curriculum is aligned with the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) standards, preparing students for preliminary exams such as Probability (P) and Financial Mathematics (FM). The program also covers Validation by Educational Experience (VEE) topics like economics, finance, and applied statistics, helping students meet professional credentialing requirements.
Graduates of Park’s bachelor’s degree in actuarial science can pursue career opportunities in actuarial science roles such as actuary, risk analyst, insurance underwriter, and data modeler. The program’s focus on cash flows, life tables, and social insurance systems equips students for high-demand positions in the insurance industry, government agencies, and consulting firms.
Park’s actuarial science degree includes rigorous coursework in calculus, linear algebra, probability theory, and statistical methods, all essential for success in the actuarial profession. Students also take computer science courses focused on data modeling, programming, and spreadsheet analysis, preparing them to work with complex financial models and large datasets in industries like insurance, pension planning, and risk management.
Ready To Take The Next Step?
When Classes Start: Term Dates