Actuarial Science

Studying Actuarial Sciences offers the opportunity to develop advanced analytical skills and a deep understanding of finance, making it an ideal choice for those who enjoy working with numbers and solving complex problems. This discipline plays a key role in assessing risk and uncertainty in sectors such as insurance, finance, consulting, and more, providing essential training for strategic decision-making in a global environment.

Why study Actuarial Science?

90%

According to the Society of Actuaries (SOA), this is the employment rate for graduates in this field, largely due to the specialized skills and knowledge actuaries possess, which are highly demanded across various sectors.

70,000

This is the average salary in dollars for an Actuarial Science graduate with at least 1 to 2 passed actuarial exams. With 3 to 4 exams passed, salaries typically range between $72,000 and $152,000 annually (source: Beanactuary.com).

23%

This is the estimated job growth for actuaries in the United States between 2022 and 2032, significantly faster than the average for all professions (source: Datausa.io).

What doeas a graduate in Actuarial Science do?

Our Bachelor’s program in Actuarial Sciences offers robust training in mathematics, statistics, finance, and economics, essential skills for becoming a highly qualified actuary. Actuaries analyze and manage financial, economic, and social risks using mathematical and statistical tools to predict future events and their financial impact. They work on developing models that help companies make informed, strategic decisions, particularly in areas such as insurance, investments, and pensions. This field is fundamental for predicting and mitigating risks, ensuring the financial stability of organizations.

The program also includes valuable professional development opportunities, providing hands-on experience and preparing you for actuarial exams. If you are an analytical problem solver who enjoys working with data, this major is perfect for you.

Register now at Arkansas State University Querétaro and prepare for a successful future in the world of Actuarial Science!

Live our university life

Double Degree

Valid in México and the United States

Classes 100% in English

With a multicultural team of teachers

American University Model

The first US university in México

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Our Student Testimonials

At ASUCQ you not only learn the concepts in English, but you come out with another way of seeing things: a more ambitious and personal vision. In addition, here they prepare you to undertake and to follow your dreams.

At Arkansas State University´s Querétaro campus, everyone is super friendly, very open and welcoming. I have had nothing but positive experiences here. Plus, you obtain knowledge from the American side and from the Mexican side {of education}: two in one.

Professional Opportunities Graduates in Actuarial Science work in areas such as:

Insurance
Pensions
Healthcare Financing
Investment and Fund Management
Consulting
Finance
Enterprise Risk Management (ERM)
Banking
Predictive Analysis

Aspire, Dream, Realize

Rade Musulin

Actuarial

With over 40 years of experience, Musulin was an expert in natural risks and sustainability, recognized for promoting climate resilience and contributing to global policies. He represented the actuarial profession at key forums such as COP27 and COP28.

Sarah Schadek-Keane

Director at Emeral Group

She is a prominent leader in the actuarial community, currently serving as the Managing Director at Emerald Group, specializing in international actuarial and financial services.

David X. Li

Partner and Manager at Arenova Capital

He is renowned for the Gaussian copula model, widely used in valuing CDOs before the 2008 financial crisis. This model has been praised for its mathematical innovation and criticized for its contribution to the crisis due to its widespread application in the financial system.

Cissy Zhang

Vice President of Investment Banking at Morgan Stanley

Known for her contributions to actuarial science, particularly in data science applications within the actuarial field. She has participated in numerous projects and competitions, showcasing her innovative approaches to solving actuarial problems.

Learning Outcomes

Graduates from Actuarial Science will be prepared for professional careers in the actuarial field, with skills such as:

Demonstrating an understanding of concepts, theories, and essential applications in actuarial analysis (mathematics, statistics, finance, economics, and accounting).
Demonstrating creative and critical thinking skills to evaluate relevant information or ideas, formulate innovative strategies, and solve problems.
Mastering programming, statistical software, and information technologies prevalent in the actuarial field.
Living and working effectively with others and acting as committed members of a global and diverse society.
Identifying, quantifying, evaluating, and managing risk and uncertainty to contribute to the financial security of individuals, organizations, corporations, and society at large.
Mastering computational techniques necessary for actuarial data analysis.
Understanding the role of insurance in society, basic economic theory, and the fundamentals of insurance and financial markets operations.

Degree Plan

General Education

Making Connections:
Mathematics
Calculus I
Composition
Composition II
Oral Communication
Principles of Macroeconomics
Principles of Microeconomics
U.S.
History/Government Elective
Fine Arts Elective
Physics Elective
Life Sciences Elective
Humanities Elective

Core Actuarial Science Courses

Introduction to Financial Accounting
Introduction to Managerial Accounting
Business Finance
Financial Analytics and Modeling
Financial Risk Management
Investments
Programming Fundamentals
Calculus II
Linear Algebra
Calculus III
Financial Mathematics
Differential Equations
Actuarial Science Seminar
Risk and Insurance
Applied Statistics I
Stochastic Processes
Probability and Statistics I
Probability and Statistics II
Statistical Methods Using R

Advanced Actuarial Electives

At least two Data Electives (Big Data for Business, Data Visualization for Business, Data Mining for Business)
At least one Insurance elective (Property and Casualty Insurance, Life Insurance)

Elective I
Elective II
Elective III
Elective IV
Elective V

Foreign Language Requirement

Students in this major must demonstrate a basic proficiency in a foreign language. This may be done by one of these situations:

Completing two years of a single foreign language course in high school
Completing the second semester of an intermediate foreign language course at a college level. Students with previous language experience must consult with an advisor for course placement. Students must complete intermediate Language II
Passing an examination acceptable to the foreign language faculty as proof of proficiency equivalent to successful completion of the second semester

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