Best Actuarial Science colleges in Michigan 2021

Actuaries work mainly in the insurance industry however, there are positions in private corporations, banks, labor unions, colleges and universities, and with government. An actuary evaluates financial consequences of future events, such as natural disasters, with an emphasis on ensuring cost reduction and damage control when faced with unfavorable financial outcomes. Students must complete internships and pass more than 15 hours of preliminary exams proctored by the Casualty Actuarial Society (CAS) or the Society of Actuaries (SOA) to gain entry-level employment. (Actuarial employers usually require that individuals have passed at least two of the exams.) Insurance, risk management, calculus, derivative securities, simulation, and probability are the exam topics.

A bachelor's degree is the typical degree choice for this career; most students do not pursue graduate studies. Students will learn how to evaluate the likelihood of future events by using numbers, designing creative ways to reduce the likelihood of undesirable events, and decreasing the impact of undesirable events that do occur. Coursework will be in finance, micro and macroeconomics, computer science, technical writing, political science, calculus, and statistics. The median annual wage for actuarial scientists in May 2010 was $87,650.

Best Actuarial Science colleges in Michigan for 2021

Michigan State University
East Lansing, MI

Michigan State University offers 1 Actuarial Science degree programs. It's a very large, public, four-year university in a small city. In 2019, 28 Actuarial Science students graduated with students earning 28 Bachelor's degrees.

Calvin University
Grand Rapids, MI

Calvin University offers 1 Actuarial Science degree programs. It's a small, private not-for-profit, four-year university in a midsize city. In 2019, 5 Actuarial Science students graduated with students earning 5 Bachelor's degrees.

Spring Arbor University
Spring Arbor, MI

Spring Arbor University offers 1 Actuarial Science degree programs. It's a small, private not-for-profit, four-year university in a small suburb. In 2019, 3 Actuarial Science students graduated with students earning 3 Bachelor's degrees.

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Michigan Technological University offers 1 Actuarial Science degree programs. It's a medium sized, public, four-year university in a remote town.

Central Michigan University
Mount Pleasant, MI

Central Michigan University offers 2 Actuarial Science degree programs. It's a large, public, four-year university in a faraway town. In 2019, 24 Actuarial Science students graduated with students earning 23 Bachelor's degrees, and 1 Certificate.

Oakland University
Rochester Hills, MI

Oakland University offers 1 Actuarial Science degree programs. It's a large, public, four-year university in a large suburb. In 2019, 17 Actuarial Science students graduated with students earning 17 Bachelor's degrees.

Eastern Michigan University offers 1 Actuarial Science degree programs. It's a large, public, four-year university in a large suburb. In 2019, 6 Actuarial Science students graduated with students earning 6 Bachelor's degrees.

Ferris State University
Big Rapids, MI

Ferris State University offers 1 Actuarial Science degree programs. It's a large, public, four-year university in a faraway town. In 2019, 4 Actuarial Science students graduated with students earning 4 Bachelor's degrees.

Olivet College
Olivet, MI

Olivet College offers 1 Actuarial Science degree programs. It's a small, private not-for-profit, four-year university in a faraway rural area. In 2019, 5 Actuarial Science students graduated with students earning 5 Bachelor's degrees.

University of Michigan-Flint offers 1 Actuarial Science degree programs. It's a medium sized, public, four-year university in a small city. In 2019, 5 Actuarial Science students graduated with students earning 5 Bachelor's degrees.

List of all Actuarial Science colleges in Michigan

School Average Tuition Student Teacher Ratio Enrolled Students
Michigan State University Logo Michigan State University East Lansing, MI
4/5
20 : 1 49,809
Calvin University Logo Calvin University Grand Rapids, MI
5/5
15 : 1 3,570
Spring Arbor University Logo Spring Arbor University Spring Arbor, MI
5/5
37 : 1 3,333
Michigan Technological University Logo Michigan Technological University Houghton, MI
4/5
17 : 1 7,027
Central Michigan University Logo Central Michigan University Mount Pleasant, MI
3/5
25 : 1 19,362
Oakland University Logo Oakland University Rochester Hills, MI
3/5
31 : 1 19,013
Eastern Michigan University Logo Eastern Michigan University Ypsilanti, MI
3/5
25 : 1 17,784
Ferris State University Logo Ferris State University Big Rapids, MI
3/5
25 : 1 12,472
Olivet College Logo Olivet College Olivet, MI
5/5
25 : 1 1,120
University of Michigan-Flint Logo University of Michigan-Flint Flint, MI
3/5
24 : 1 7,297