Actuarial Mathematics, BA/BS

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Learn How to Manage Risk 

Students work on actuarial mathematics during office hoursActuarial mathematics is an interdisciplinary field that combines business, economics, mathematics, and statistics to understand and manage uncertainty. At UM-Dearborn, you’ll develop analytical and problem-solving skills, learn to build and apply models that measure risk, and prepare for professional actuarial exams leading to credentials from the Society of Actuaries (SOA) and Casualty Actuarial Society (CAS).

Where an Actuarial Mathematics Degree Will Take You

Your degree will prepare you for careers in insurance, finance, health care, consulting, and risk management, fields where organizations rely on quantitative professionals to assess uncertainty and make informed decisions. Many entry-level actuarial positions expect candidates to have passed one or more professional exams offered by the Society of Actuaries (SOA) or Casualty Actuarial Society (CAS), and the program is designed to help you begin that credentialing journey.

Career and Salary Outlook

The information in this table is meant to give you an idea of career opportunities with this degree. All information is pulled from the Bureau of Labor Statistics, and is meant to be averages across the United States in 2024. Please note that these figures reflect overall averages and may not represent entry-level salaries.

$125,770 Median Salary

Actuaries

Employment of actuaries is projected to grow 22 percent from 2024 to 2034, much faster than the average for all occupations.

About 2,400 openings for actuaries are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

$87,930 Median Salary

Budget Analysts

Employment of budget analysts is projected to grow 1 percent from 2024 to 2034, slower than the average for all occupations.

Despite limited employment growth, about 3,100 openings for budget analysts are projected each year, on average, over the decade. Most of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

$112,590 Median Salary

Data Scientists

Employment of data scientists is projected to grow 34 percent from 2024 to 2034, much faster than the average for all occupations.

About 23,400 openings for data scientists are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

$101,910 Median Salary

Financial Analysts

Overall employment of financial analysts is projected to grow 6 percent from 2024 to 2034, faster than the average for all occupations.

About 29,900 openings for financial analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

$91,290 Median Salary

Operations Research Analysts

Employment of operations research analysts is projected to grow 21 percent from 2024 to 2034, much faster than the average for all occupations.

About 9,600 openings for operations research analysts are projected each year, on average, over the decade. Many of those openings are expected to result from the need to replace workers who transfer to different occupations or exit the labor force, such as to retire.

Program Details

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Application Deadlines

UM-Dearborn has rolling admissions throughout the year, and deadlines depend on your student type. Apply early, priority consideration for financial aid and scholarships may be given to earlier applicants.

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Tuition

Get started early on your financial planning for college. Complete the net price calculator to get an estimate of your cost to attend UM-Dearborn.

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Go Blue Guarantee

Students at UM-Dearborn are eligible for the Go Blue Guarantee - University of Michigan’s landmark promise of free tuition for high-achieving in-state undergraduate students from qualifying backgrounds. Major financial support is available for students who do not fully qualify.

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How to Get Involved

students working on mathematics in a classroom

You can work as a tutor in the Math Learning Center, join the Mathematics Club, attend Mathematics Colloquia sponsored by the Department of Mathematics and Statistics, participate in department events like the annual Pi day 3.14 and Women in Math celebrations, check out general student organizations devoted to a wide range of interests and topics, and so much more.

Programs Offered Beyond BA/BS

Applied and Computational Mathematics, MS

Next Steps

Become a part of the UM-Dearborn community and put your dreams to work for you.

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