Combine your talents in math with your interests in business and economics in the actuarial science bachelor's degree program at the University of Wisconsin-Eau Claire.
Much more than number crunchers, actuarial science graduates help businesses grow, provide value to customers and play a critical role in strategic decision making. In addition to having a deep understanding of mathematics, statistics and business, actuaries also measure, calculate and manage financial risk. Because of their critical contributions, actuaries are essential employees in the fields of health care, insurance, banking, finance, government, e-commerce, employee benefits and many more.
Preparation for at least five of the professional actuarial examinations recognized by the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS) is a strong focus of the program's curriculum. In addition, expert faculty and the University's well-established network of employer partners ensures that students have access to resume-building opportunities and are in-the-know regarding best practices, current trends and developments in the industry.
Data from the Bureau of Labor Statistics and the Census Bureau consistently rank actuarial careers as one of the best jobs in the U.S. — and graduates are in high demand.
Major insurance companies know the value of skilled actuaries, and they're willing to pay for UW-Eau Claire to produce them. Sentry Insurance awards eight actuarial science students each year with a $2,500 scholarship, and Travelers Insurance awards a declared actuarial science major each year a $3,000 scholarship. In addition to those funds, many other scholarships are available to the entire breadth of STEM majors, which includes those pursuing an actuarial science degree.
Learn more about additional scholarships and resources available to you by checking out our scholarships page.
Financial aid at UW-Eau Claire
Working to make your college education affordable is very important to us. We are here to walk you through the financial aid process and make applying for aid and paying your bill as easy as possible.
To get this process started, please contact our staff at Blugold Central — our one-stop shop for tuition and financial aid. They will help you learn how to pay for your education and minimize debt, freeing you up to focus on academics and your actuarial science degree.
Learn more about our financial aid process at UWEC.
Actuarial science program details
- Program length: four years
- Offered: In person
- Campus: Eau Claire
- This major does not require a minor.
- This program is also available as a minor.
- Students majoring in this program may choose either a Bachelor of Arts (BA) or Bachelor of Science (BS) degree.
- Actuarial Network
- Math Club
- Women and Gender Minorities in STEM
- Data Analytics Association
Stellar program reputation. UW-Eau Claire's actuarial science bachelor's degree program was recently rated as one of the 10 best colleges for actuarial science in the U.S. by the Accounting Degree Review magazine. The program also received the "Advanced Curriculum" designation by the U.S. Society of Actuaries.
Individualized and personalized education. The program's smaller class sizes allow for the formation of deeper relationships and one-on-one attention. At least once a month, employers in the field — often times alum — come into classes to speak on their experience and how the program prepared them for success. Students also have the opportunity to showcase their skills and network at national competitions, including the Travelers Actuarial Case Competition and the MUDAC (Midwest Undergraduate Data Analytics Competition).
Expert faculty who know industry needs. While pursuing your degree, you'll learn from accessible faculty with a wide range of industry experience, including experience in health, life, annuities, and property/casualty. A broad-based education allows you to experience the many facets of actuarial science and how they all work together. Relevant projects, student organizations and team-building activities allow you to strengthen your communication and leadership skills, which are highly sought-after by employers.
Volunteer opportunities. Each year, staff, faculty and students work together to put on the department's Math Meet, a fun math competition for over 300 high school students from Wisconsin and Minnesota. Another event, Sonia Kovalevsky Day, allows for a day of engaging math activities and encourages middle-school and high-school girls’ interest in math. These events are excellent opportunities to build connections and make a difference.
Opportunities to pursue risk management. A unique benefit of an actuarial science degree is that you can go on to work as a risk management analyst, while the reverse is not the case. The tests required to be a professional actuary are not typically part of the curriculum for a risk management degree. This perk provides you with the flexibility to pursue a career as an actuary or as an analyst in specialty areas within businesses.
Preparation for what's next. Actuarial science graduates leave with the skills, knowledge and tools necessary to pass five of the professional actuary examinations recognized by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) and launch into a successful career. Many students pass these exams before they even graduate.
Thanks to the program's leading-edge curriculum, excellent reputation and deep connections to the field, graduates of the actuarial science degree program at UW-Eau Claire are off doing some pretty incredible things. From risk management to predictive analysis, our Blugolds enter jobs in many different industries, well prepared for the competitive job market. And with a strong rate of success passing the actuarial exams — even before graduation — they don't have to wait long before jumping into the field and making an impact.
Where are actuarial science alumni now?
- Travelers Insurance, Minnesota
- TCI America, Oregon
- Allstate, Illinois
- Milliman Actuarial Consulting, Wisconsin
- Thrivent Financial, Minnesota
Actuarial science careers
- Health insurance actuary
- Life insurance actuary
- Property and casualty insurance actuary
- Risk management analyst
With their diverse backgrounds in actuarial work, actuarial science professors bring real-life examples to the classroom that help you understand the kind of thinking you will one day use in your career. They are also some of the best professors I have ever had. On the day you graduate, you will say goodbye to a friend.
UWEC’s actuarial science program is designated by the Society of Actuaries (SOA) as an Advanced Curriculum program on the Universities and Colleges with Actuarial Programs (UCAP-AC) list — one of only a few programs in Wisconsin that meet this threshold. The interdisciplinary, comprehensive nature of the major provides students with a strong background in mathematics, accounting, economics and business finance, shaping them into well-rounded and versatile professionals. Many students choose to take their education a step further by applying what they've learned in the classroom to real-world situations through internships — some of which count for credit.
Another unique aspect of the program's curriculum is a required Introduction To The Actuarial Career class. This course allows students to fully explore the actuarial career and gain an early understanding of the characteristics actuarial employers seek. Students also complete a four-year plan that outlines when they will take their professional exams and create a resume and cover letters. Frequent visits from employers give students an inside look at the wide range of actuarial disciplines.
Classes for actuarial science majors may include:
- Mathematical Models for Financial Economics
- Information Systems in Business
- Long Term Financial Management
- Linear Regression Analysis, with Time Series
Learn more about the comprehensive actuarial science major in the UWEC course catalog.
Learn more about the actuarial science minor in the UWEC course catalog.
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