BA in Actuarial Studies Overview

Learn to use the core principles of probability, statistics and financial mathematics to analyze the economic costs of risk and uncertainty. As a student in UMass Lowell's Actuarial Studies program, you will develop a comprehensive understanding of assessing and managing financial problems, which you can apply to real-world problems in insurance, finance, government and other industries. 

  • Prepare for the actuarial preliminary exams.
  • Complete courses that satisfy the educational requirements of professional actuarial societies.
  • Gain access to resources to succeed, such as exam fee reimbursements and opportunities to connect with insurance companies.

What Can You Do with an Actuarial Studies Major?

Actuaries are hired by a wide range of organizations, including insurance companies, consulting firms, financial institutions and government agencies. 

Person working on computer while looking at data charts.

Employment of actuaries is projected to grow 23% from 2022 to 2032, much faster than the average for all occupations (BLS, Occupational Handbook).

With a Bachelor of Arts in Actuarial Studies, you'll be prepared for such careers as:

  • Data analyst
  • Quantitative analyst
  • Financial analyst
  • Research scientist
  • Software engineer

Courses You'll Take

As an Actuarial Studies major, you'll take courses that provide a solid mathematics foundation as well as training in business finance, risk, and management. Sample courses include calculus, micro- and macroeconomics, statistics and finance management. You will also blend math with liberal arts courses that provide the critical thinking, communication and problem-solving skills essential for success as an actuarial professional.

Check out the Actuarial Studies degree pathway (a suggested four-year course schedule) and learning outcomes below.

Why Major in Actuarial Studies at UMass Lowell?

Two UMass Lowell math students write equations on a whiteboard

Prepare for Actuarial Exams

You will need to pass at least one actuarial exam to start the career. The course work will get you ready for the preliminary exams by providing background for the first exams and building foundations for further exams.

finance students at computer

Exam Fee Reimbursement

Students who pass the preliminary actuary exams will have their exam registration fees reimbursed.

Two Mathematics students working on a math problem on a whiteboard.

Internships

Connect what you learn in the classroom to the real world. Our students have completed internships at diverse companies, including: 

  • John Hancock Financial
  • Lincoln Laboratories
  • MITRE Corporation
  • NASA
Headshot of Linh-Nguyen, a math student at UMass Lowell

Bachelor's-to-Master's

Get on the fast track to an advanced degree with our combined bachelor's-to-master's program.

  • Available to juniors and seniors with a grade point average of 3.000 or better
  • Offers a continuous, coordinated sequence of courses
  • Reduced credit-hour requirements can save you time and money

Meet Our Students

John Kelly seated in front of a computer.
John Kelly '23
Mathematics

An elective course helped John Kelly ’23 figure out his career interests.

I got a good financial aid package from UMass Lowell when I was admitted, including a merit scholarship from the Immersive Scholars program.
Read More About John Kelly 
Tanya Kieu holds cotton candy and popcorn below an arch of balloon flowers at UMass Lowell's SpringFest.
Tanya Kieu '24
Mathematics

Aspiring math teacher Tanya Kieu ’24 gained real-world teaching experience through the UTeach program.

It was really nice to interact with students in a classroom.
Read More About Tanya Kieu 
UMass student Karina Provost stands wearing a backpack
Karina Provost '22
Mathematical Sciences

As one of three siblings in college, Karina Provost says her family appreciates financial awards, such as the Kennedy Family Merit Scholarship.

Scholarships have been really helpful. They let me focus more on school.
Read More About Karina Provost 
Nhuy Phan sits at the front of a classroom of students with a presentation screen behind her.
Nhuy Phan '24
Mathematics

For Nhuy Phan, an aspiring math teacher who emigrated from Vietnam, "mathematics is a universal language."

UTeach opened me up to all these scholarship opportunities.
Read More About Nhuy Phan 
Sam Colby is standing next to the Kennedy of Science sign
Sam Colby '23
Mathematics

Between the mathematics and UTeach programs, UMass Lowell was a perfect fit for aspiring math teacher Sam Colby.

I’ve had a great experience at UMass Lowell. This place has everything that you’d ever need.
Read More About Sam Colby 

Take the Next Step — Apply

Learn how to apply as a first-year, transfer or international student.

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