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Study actuarial mathematics abroad

An in-depth guide to studying actuarial mathematics as an international student.

Actuarial mathematics degrees abroad

Actuarial mathematics students learn how to assess financial risk and uncertainty by applying mathematical methods and techniques.

Alongside sharpening your skills in statistics and probability, you’ll develop a sound understanding of risk theory, microeconomics, and macroeconomics. Upon graduating, you’ll be ready to begin a fast-paced and successful career in areas like banking, insurance, and financial management.

Taking your degree overseas is an invaluable opportunity to learn about financial and insurance markets around the world. You’ll network with international professionals, boost your employability, and make lifelong friends.

Actuarial mathematics program structure

Bachelor’s degrees in actuarial mathematics require at least three years of study. However, most programs give you the opportunity to spend a year on placement, taking your overall course length to four years. Industry placements are an unbeatable way to build your professional skills and apply what you’ve learned so far.

If you opt to study in the US, your undergraduate degree will last for a minimum of four years. Before selecting a major in actuarial mathematics at the end of your second year, you’ll take a mixture of liberal arts classes.

It’s possible to take your education further and pursue a postgraduate qualification. Master’s degrees take one or two years to finish, while PhDs add another four to six years to your studies.

Programs combine theoretical lectures, seminars, and tutorials with practical problem classes, computer labs, and workshops. Assessment methods vary between modules, but formal exams, in-class tests, and project work will feature.

The topics covered on actuarial mathematics programs differ from university to university, but most institutions deliver classes in these fundamentals:

  • Financial accounting and reporting
  • Introduction to microeconomics
  • Introduction to macroeconomics
  • Survival and risk theory
  • Statistics of insurance
  • Probability and statistics
  • Financial modeling
  • Economics for management

Alternative mathematics degrees

How to study actuarial mathematics abroad

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  3. Visa & embassy guidance

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Actuarial mathematics study abroad programs

Actuarial mathematics undergraduate programs

Bachelor's in actuarial mathematics

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    Adolescence Education - Mathematics and Applied Mathematics - BSc Long Island University Post, USA

    Program type
    Bachelor's
    Duration
    5 years
    Tuition fees per year
    35,736 USD
    Start date
    January, September
    Show program overview about
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    Applied Mathematics (West Campus) - BSc Arizona State University, USA

    Program type
    Bachelor's
    Duration
    4 years
    Tuition fees per year
    28,453 USD
    Start date
    January, May, August
    Show program overview about
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    Applied Mathematics - BSc University of Utah, USA

    Program type
    Bachelor's
    Duration
    4 years
    Tuition fees per year
    23,082 USD
    Start date
    January, May, August
    Show program overview about
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    Applied Mathematics - BSc/BSc (Hons) University of Saskatchewan, Canada

    Program type
    Bachelor's
    Duration
    4 years
    Tuition fees per year
    19,749 CAD
    Start date
    January, May, July, September
    Show program overview about
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    Applied Mathematics - Actuarial Science - BSc Auburn University, USA

    Program type
    Bachelor's
    Duration
    4 years
    Tuition fees per year
    32,220 USD
    Start date
    January, May, August
    Show program overview about
See all bachelor's degrees in actuarial mathematics

Actuarial mathematics graduate programs

Master's in actuarial mathematics

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    Applied Mathematics - MSc Northeastern University, USA

    Program type
    Master's
    Duration
    2 years
    Tuition fees per year
    24,048 USD
    Start date
    January, September
    Show program overview about
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    Applied Mathematics - MSc University of Dundee, UK

    Program type
    Master's
    Duration
    1 year
    Tuition fees per year
    18,150 GBP
    Start date
    September
    Show program overview about
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    Applied Mathematics - Industrial/application-oriented - MSc University of Maryland, Baltimore County, USA

    Program type
    Master's
    Duration
    2 years
    Tuition fees per year
    22,896 USD
    Start date
    August
    Show program overview about
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    Applied Mathematics - MSc Budapest University of Technology and Economics, Hungary

    Program type
    Master's
    Duration
    2 years
    Tuition fees per year
    7,000 EUR
    Start date
    February, September
    Show program overview about
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    Elementary Education (Master Math Teacher EC-4 Certification) - MEd Texas State University, USA

    Program type
    Master's
    Duration
    2 years
    Tuition fees per year
    15,034 USD
    Start date
    January, August
    Show program overview about
See all master's degrees in actuarial mathematics

Doctorate in actuarial mathematics

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    Applied Mathematics - PhD University of Maryland, Baltimore County, USA

    Program type
    Doctorate
    Duration
    3 years
    Tuition fees per year
    22,896 USD
    Start date
    August
    Show program overview about
See all doctorates in actuarial mathematics

Future actuarial mathematics careers

A degree in actuarial mathematics opens up a range of exciting and lucrative career opportunities.

Employers across banking, finance, insurance, and business will be eager to invest in your potential. You could apply your numerical, analytical, and problem-solving skills to any of the following professions:

  • Actuary
  • Financial risk analyst
  • Accountant
  • Financial consultant
  • Insurance underwriter
  • Budget analyst
  • Internal auditor
  • Mathematician

Most universities have career advisors who help to prepare students for professional employment. Drop by the careers office to see how they can support you with work experience, CV writing, and general career navigation.