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    Actuarial Science
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    The Ohio State University

    Actuarial Science

    The Ohio State University

    The Ohio State University

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    United States of America, Columbus

    University RankQS Ranking
    151

    Key Facts

    Program Level

    Bachelor

    Study Type

    Full Time

    Delivery

    On Campus

    Campuses

    Columbus

    Program Language

    English

    Start & Deadlines

    Next Intake Deadlines24-Aug-2022
    Apply to this program

    Go to the official application for the university

    Duration 4 year(s)
    Tuition Fee
    TRY 35,018  / Year
    Next Intake 24-Aug-2022

    Actuarial Science

    About

    Study the mathematical and statistical foundations of the design, financing and operation of insurance plans, pension plans and benefit plans.

    Actuarial Science

    Degree: BS, BA

    Campus: Columbus

    College: Arts and Sciences

    Actuarial science is the mathematical and statistical underpinning of the design, financing and operation of all types of insurance plans, pension plans and benefit plans. Practitioners of actuarial science, called actuaries, work in the professional areas of life and health insurance, property and casualty insurance, and public and private pension and benefit plans. 

    Get started

    Upon admission to Ohio State, students will be admitted to the actuarial science pre-major. Pre-majors should complete a calculus sequence that is designed for students majoring in mathematics or science and follow calculus with the course on theory of interest and the course on probability in order to prepare early for two of the first actuary exams. In addition, students should take courses in micro and macroeconomics, spreadsheets and databases, and an introductory course in accounting. 

    Students are admitted to the major upon successful completion of a probability course (such as Math 4530, Statistics 4201 or Math 5530H) with a grade of B- or better and at least a 3.0 cumulative GPA in all Ohio State courses or upon the passing of an actuarial examination. 

    Curriculum

    Major courses are taken in areas including calculus, linear algebra, economics, finance, accounting, probability and statistics, actuarial mathematics, and computer science. 

    Not only do the actuarial courses cover the important concepts used by the actuary but the students are well prepared to progress through the actuarial examination process to earn either life and health or property and casualty professional designations.

    Internship

    Many insurance companies and consulting firms offer internship opportunities to actuarial science students, and they regularly come to Ohio State to recruit. Students should work with the Arts and Sciences Center for Career and Professional Success to find these internship opportunities.

    Additionally, the math department and the actuarial science club organize information sessions and seminars each autumn semester. Representatives from many companies give presentations about the actuarial profession and their business and explain the opportunities they have for students. These sessions are usually followed by on-campus interviews. 

    Student organizations

    Actuarial science majors are automatically enrolled as member of the Actuarial Club of Ohio State (ACOS), an organization that informs student about the actuarial profession and helps students prepare for the professional actuarial exams.

    Students are also encouraged to join the student chapter of Gamma Iota Sigma, an international fraternity for insurance, risk management and actuarial science.

    Possible careers

    An actuary is likely to work for an insurance company, an actuarial or employee benefit consulting firm, a very large accounting firm or corporation, or a government agency. In the United States and Canada, success on professional actuarial examinations, offered by various professional actuarial organizations, is central to career advancement. A typical actuary takes two or three examinations while still a college student and continues with the examinations through the first five to ten years of actuarial employment, all the while progressing in his or her career.

    Salary estimates

    Beginning salaries for actuaries with a bachelor’s degree range from $50,000 to $65,000 annually, depending on the candidate’s skill, academic record and progress on the professional actuarial examinations while in college.

    Program objectives

    Actuarial science will develop and refine a student's analytical skills while also preparing for a career in the field of risk assessment and management. 

    Requirements

    Entry Requirements

    Criteria of our holistic review, in no particular order.

    • Successful completion of university preparatory courses

    • High school performance (class rank or GPA), including participation in accelerated programs like Honors, AP and IB; Ohio State does not have minimum requirements for class rank or GPA

    • Standardized test score (ACT or SAT); Ohio State does not have minimum requirements for ACT or SAT scores

      Ohio State has adopted a TEST-OPTIONAL policy for 2022 applicants. Learn more.
    • Ability and desire to contribute to and engage with a diverse campus community

    • Experiences that demonstrate leadership or engaged involvement (e.g., co-curricular activities, work experiences or military service)

    • Status as a first-generation university student

    • Demonstration of outstanding talent in a particular area

    • High school performance if adversely affected by physical, mental or learning environment factors

    • Eligibility for and likelihood of benefiting from organized support services at Ohio State

    Enrollment in your intended major

    Once it is determined that you are admissible, you will be considered for enrollment in the college of your intended major. Read about

    English Program Requirements

    we require evidence of English language proficiency, unless you have completed three full years of school at a U.S. regionally accredited high school or if you are a citizen of, or have received a bachelor’s degree from, Australia, Belize, British Caribbean, British West Indies, Canada (except Quebec), England, Guyana, Ireland, Liberia, New Zealand, Scotland, the United States or Wales.

    Fee Information

    Tuition Fee

    TRY 35,018  / Year

    How to Apply

    How do I submit scores?

    Ohio State has adopted a TEST-OPTIONAL policy for 2022 applicants. Learn more.

    Tips for sending scores to Ohio State

    • Scores must come directly from the testing agency. When you register for the ACT or SAT, indicate that you want your scores sent to Ohio State.

    • If you already took the test but didn't send your scores to Ohio State, you can order them for a fee. Order in advance to be sure scores reach us by the application deadline.

    • We must receive standardized test scores by your application deadline (either November 1 or February 1 for autumn semester applicants).

    • October 2 (SAT) and October 23 (ACT) are your last 2021 test dates if you want your scores to be considered for our November 1 early action deadline. Important! If you plan to test on those dates, you must request that Ohio State receive scores when you register for the test. And please note: If you choose to have your scores considered, you won’t be able to review scores from these dates prior to submitting your application by the November 1 deadline.

    • Applicants who will have been out of high school for two or more years by their term of enrollment are not required to submit scores.

    Is the essay required?

    The essay is not required for either the ACT or SAT.

    Should I take a standardized test more than once?

    Ohio State looks at the highest composite score from a single test date. Taking the test (and having scores sent to us) more than once, while not required, may work to your advantage.

    How does Ohio State look at scores?

    When considering students for admission or Honors and Scholars selection, we consider the best official composite / combined score from a single test administration. Ohio State does not mix sub-scores from multiple tests.

    These items plus the Common Application (STEP 3) make up a complete application. We must receive all items by the deadline to consider your application on time.

    Official transcripts

    High school transcripts

    Request that your high school or secondary school send transcripts / documents / official copies of examination certificates for coursework from the final four years (grades 9-12) to Ohio State.

    How to send your transcripts to Ohio State:

    • Your high school counselor can upload the transcripts / documents / official copies of examination certificates using Common App, Naviance or other secure electronic delivery service.

    • Your high school counselor can email the transcripts to [email protected].

    • If electronic submission is not possible, please mail your official transcripts to our express mail address.

    • Faxed transcripts will not be accepted.

    Foreign language documents must be translated into English by the issuing institution, an authorized translator or a teacher of the language. Any additional requirements will be posted to your Applicant Center, so be sure to check your application status regularly after you've applied.

    Official ACT or SAT scores

    Ohio State has adopted a TEST-OPTIONAL policy for 2022 applicants. Learn more.
    How do I submit my scores?

    We must receive your official ACT or SAT score sent electronically directly from the testing agency. Scores from transcripts will not be considered. Read more about score requirements in STEP 1.

    Optional: Recommendation from a teacher or counselor

    While not required, your counselor may send a maximum of two letters of recommendation electronically through the Common Application.

    If an electronic option isn’t available, your counselor may email your letter(s) to [email protected]; the letter must include your first and last name and OSU ID number, found on the email we send acknowledging receipt of your application. Letters sent via email are subject to sender verification.

    Official proof of English language skills

    You must request that your testing agency send official scores electronically to Ohio State demonstrating the English proficiency level outlined below:

    • TOEFL (internet-based test or internet-based test Home Edition*): 79 or higher

    • IELTS or IELTS Indicator*: 6.5 or higher

    • ACT: 21 or higher on the English section

    • SAT: 27 or higher on the Reading Test

    • Duolingo*: 105 or higher

    You are exempt from this requirement if you have completed three full years of school at a U.S. regionally accredited high school or if you are a citizen of, or have received a bachelor’s degree from, Australia, Belize, British Caribbean, British West Indies, Canada (except Quebec), England, Guyana, Ireland, Liberia, New Zealand, Scotland, the United States or Wales.

    Ohio State has an intensive English program for students who wish to improve their language skills called the American Language Program. A separate application is required for this program. Ohio State does not offer conditional admission to students who enroll in the American Language Program.

    *To accommodate applicants affected by the COVID-19 pandemic, The Ohio State University will accept Duolingo, the IELTS Indicator and the TOEFL internet-based test Home Edition from any international student applying for spring 2022 or autumn 2022 admission. All Duolingo test takers are required to take an English placement exam upon arrival to campus. TOEFL Home Edition and IELTS Indicator test takers are required to take an English placement exam upon arrival unless they qualify for a TOEFL or IELTS score exemption.

    The Ohio State University

    Actuarial Science

    The Ohio State University

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    United States of America,

    Columbus

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