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What are the best schools for an actuarial science major?

I would like to stay within 300 miles of my home so I'm looking for the best colleges fitting that criteria that offer an actuarial science program. #actuary #centralpa

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Arthur’s Answer

Selecting a college can be a very daunting task. Knowing that you want to major in Actuarial Science is a huge help. My son recently went through the exact same search and used several sources to narrow down his selection - he applied to 6 colleges.
College Board offers a fairly extensive search capability. This link will find colleges within 200 miles of Hummelstown, PA: https://collegesearch.collegeboard.org/filters?mc=Actuarial_Science&z=17036&z=200mi.
Another great resource that we used extensively is the Society of Actuaries page: https://www.soa.org/institutions/. They rate schools with several levels. During our search, we focused on CAE, which is the highest rating, and UCAP-AC, which ensures that the college covers at least the first 4 SOA exams. Both Penn State and Robert Morris in PA have a CAE rating.
Good luck in your search.
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Ken’s Answer

It really does not matter what school you attend, as the most important factors are how well you do with the school work, which is an indication to an employer about what kind of employee you will be, and the effort that you put forth in your networking to set up networking connections that will help you throughout your education/career journey. Here is an important video for you to watch: ## http://www.ted.com/talks/julie_lythcott_haims_how_to_raise_successful_kids_without_over_parenting?utm_campaign=social&utm_medium=referral&utm_source=facebook.com&utm_content=talk&utm_term=education ##


Here are some tips on how to reduce college costs. Too many people spend way too much money on an education and end up with unnecessarily high debt: ##  http://www.educationplanner.org/students/paying-for-school/ways-to-pay/reduce-college-costs.shtml
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Jeff’s Answer

I personally studied statistics and just took actuarial exams as I progressed through my major, so I don't think it has to be a school with a specific actuarial program. I'd actually recommend that route since you get a little more broad of a scope that way. In particular, any school with strong STEM majors is a good choice. Biggest keys are to learn how to take exams well, learn math, probability, data science thoroughly and be able to network well with any recruiters.
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Gus’s Answer

Becoming an actuary is a unique field. You don't need to study actuarial science in school. You can do that but you don't need to if you are good at studying independently.

You can study statistics or related fields like applied math. Becoming an actuary involves passing a series of difficult exams. All the study materials are available when you register for the exams. The overview of the exams to become an actuary can be found here: https://www.casact.org/admissions/process/ When applying for an entry level or internship position you can demonstrate your commitment to the field by having passed some of the preliminary exams and that will make you stand out.

Gus recommends the following next steps:

Study for the preliminary exams
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