Actuarial Science Specialization

What is the Actuarial Science program? 

An actuary is a business professional who deals with the measurement, modeling and management of risk and uncertainty. Actuaries analyze data to calculate risks in financial markets, particularly for insurance and financial companies. Actuarial work is a great career path for applying mathematics in a business setting.

Students here at the University of Minnesota gain a foundation in mathematics, statistics and programming, and learn to apply these skills in areas of business. Additionally, our program prepares students for four to six professional qualifying examinations. Graduates from our program work in insurance, banking and finance, risk management, graduate school, data science, consulting, and many other areas. 

Connect with us to see if the actuarial program is right for you. 


Our program offers both BA and BS degrees in Actuarial Science through the School of Mathematics.  The Society of Actuaries recognizes our program within the Universities and Colleges with Advanced Curriculum (UCAP).  Learn more about our curriculum.

Support for Students

Our program offers one-on-one academic advising, career counseling, scholarships, and peer-to-peer mentoring. Students also participate in a variety of career events including an annual regional Actuarial Career Fair, hosted at the University of Minnesota.  

Student Involvement

Our students have many opportunities to get involved by joining the UMN Actuary Club, tutoring high school students, competing in a case competition, and attending MCFAM seminars.  Read some testimonials from past students.“