39 Best Colleges for Actuarial Science – 2024
April 1, 2024
Leaders in the insurance and finance fields rely on actuaries to accurately assess risk in their daily and long-term decision-making. Those accepted into any of the schools on our list of Best Colleges for Actuarial Science will emerge with a deep understanding of mathematical and statistical principles and will be able to apply them in real-world situations. Industry professionals rank companies such as Chubb, Nationwide, New York Life, and USAA among the best companies for an actuary to work for. Graduates of the programs below can gain an inside edge on getting hired by the top companies in the industry. Our list includes highly-selective institutions like NYU, Michigan, and Notre Dame as well as many options for students without near-perfect credentials.
Finally, note that although some of the colleges featured below do not offer a formal major in actuarial science, their undergraduate offerings in this subject area are so strong that they warrant inclusion on our list.
Methodology
Click here to read our methodology for the Best Colleges in Actuarial Science.
Best Colleges for Actuarial Science
Here’s a quick preview of the first ten actuarial science institutions that made our list. Detailed profiles and stats can be found when you scroll below.
1) University of Pennsylvania
2) University of Illinois Urbana-Champaign
3) New York University
4) University of Wisconsin-Madison
5) University of California-Santa Barbara
6) University of Texas at Austin
7) Carnegie Mellon University
8) Ohio State University
9) Pennsylvania State University
10) Bentley University
All of the schools profiled below have a history of sending graduates to the most desirable actuarial science jobs in the country. For each of the best actuarial science colleges, College Transitions will provide you with—when available—each school’s:
- Enrollment
- Cost of Attendance
- Acceptance Rate
- Median SAT
- Median ACT
- Retention Rate
- Graduation Rate
We will also include a longer write-up of each college’s:
- Academic Highlights – Includes facts like student-to-faculty ratio, average class size, number of majors offered, and most popular majors.
- Professional Outcomes – Includes info on the rate of positive outcomes, companies employing alumni, and graduate school acceptances.
University of Pennsylvania
- Philadelphia, PA
Academic Highlights: 90 distinct degrees are available across four schools: the College of Arts & Sciences, the College of Applied Science and Engineering, the College of Nursing, and the world-renowned Wharton School. The greatest number of students pursue degrees in business (19%), social sciences (14%), biology (11%), health sciences (9%), engineering (9%), and computer science (9%). The university boasts an exceptional 26% of courses with an enrollment under ten and 59% with an enrollment under twenty as well as multiple ways for undergrads to conduct research.
Professional Outcomes: 75% of Class of 2022 grads were employed within six months of graduating, and 18% were in graduate school. Finance attracted the highest percentage of grads (30%) followed by consulting (20%), technology (15%), and healthcare (10%). Employers hiring the greatest number of 2022 grads included JPMorgan, Boston Consulting Group, McKinsey, Bain & Company, Meta, and Goldman Sachs. The median starting salary for all graduates is $80,000. For those continuing their educational journeys, the most popular move is to remain at Penn, followed by Columbia and Harvard.
- Enrollment: 9,760 (undergraduate); 13,614 (graduate)
- Cost of Attendance: $89,028
- Median SAT: 1540
- Median ACT: 35
- Acceptance Rate: 7%
- Retention Rate: 98%
- Graduation Rate: 96%
University of Illinois at Urbana-Champaign
- Champaign-Urbana, IL
Academic Highlights: Eight of UIUC’s fifteen schools cater to undergraduate students. There are 150 academic programs offered, including those at the acclaimed Grainger College of Engineering and Gies College of Business. In sheer volume of degrees conferred, engineering and business/marketing are tied at 19%, followed by the social sciences (9%) and psychology (6%). 39% of sections are capped at 19 students. 29% of undergraduates work with a faculty member on a research project; another 22% have some type of fieldwork, practicum, or clinical experience.
Professional Outcomes: 95% of the members of the Class of 2022 landed at their next destination within six months of graduation, with 38% matriculating directly into an advanced degree program. 57% were employed full-time; the most popular sectors were finance, consulting, healthcare, electronics, and education. Corporations landing the most recent Illini grads were KPMG, Deloitte, Epic Systems, EY, PwC, and Amazon. The average salary across all Class of 2022 majors was an extremely solid $75,000.
- Enrollment: 35,120 (undergraduate); 21,796 (graduate)
- Cost of Attendance: $35,926-$41,190 (in-state); $55,386-$63,290 (out-of-state)
- Median SAT: 1440
- Median ACT: 32
- Acceptance Rate: 79%
- Retention Rate: 93%
- Graduation Rate: 85%
New York University
- New York, NY
Academic Highlights: NYU is divided into a number of smaller (but still quite large) colleges organized by discipline; in sum, there are 230 areas of undergraduate study across nine schools and colleges. For its size, a commendable 58% of classes have an enrollment under 20 students. While all schools within NYU have solid reputations, Stern holds the distinction as one of the top undergraduate business programs in the country. For those entering film, dance, drama, or other performing arts, Tisch is as prestigious a place as you can find to study.
Professional Outcomes: Within six months of exiting, 94% of Class of 2022 grads had landed at their next destination, with 78% employed and 21% in graduate school. The top industries for employment were healthcare (11%), internet and software (9%), finance (8%), and entertainment (8%). Large numbers of alumni can be found at Google, Deloitte, Morgan Stanley, Goldman Sachs, IBM, JP Morgan Chase, Citi, and Amazon. The mean starting salary is $75,336. In 2022, business, arts and sciences, and law school were the most popular grad school destinations.
- Enrollment: 29,401 (undergraduate); 29,711 (graduate)
- Cost of Attendance: $90,222-$96,172
- Median SAT: 1520
- Median ACT: 34
- Acceptance Rate: 12%
- Retention Rate: 95%
- Graduation Rate: 87%
University of Wisconsin – Madison
- Madison, WI
Academic Highlights: There are 230+ undergraduate majors offered across eight schools and colleges, including the top-ranked School of Business and College of Engineering as well as the College of Letters and Science, the College of Agricultural and Life Sciences, and the Schools of Nursing, Education, Pharmacy, and Human Ecology. Undergrads can expect a mix of large and small classes, with 44% of sections enrolling fewer than 20 students. Business (18%), biology (12%), the social sciences (11%), and engineering (10%) are most popular.
Professional Outcomes: In a recent year, 46% of job-seeking grads graduated with an offer. Top employers included UW-Madison, Epic, Kohl’s, Oracle, Deloitte, and UW Health. Across all graduating years, companies employing 250+ alumni include Google, Target, Microsoft, Amazon, Apple, PwC, Accenture, and Meta. 28% of recent grads enrolled directly in graduate/professional school; the majority stayed at UW–Madison while others headed to Columbia, Northwestern, and Carnegie Mellon. The university is the top producer of Peace Corps volunteers.
- Enrollment: 37,230 (undergraduate); 12,656 (graduate)
- Cost of Attendance: $28,916 (in-state); $58,912 (out-of-state)
- Median SAT: 1440
- Median ACT: 30
- Acceptance Rate: 49%
- Retention Rate: 94%
- Graduation Rate: 89%
University of California, Santa Barbara
- Santa Barbara, CA
Academic Highlights: There are 90 undergraduate majors across three schools: the College of Letters and Science, the College of Engineering, and the College of Creative Studies. The social sciences are the most popular area of study, accounting for 27% of the total degrees conferred. Biology (10%), math (9%), and psychology (9%) are next in popularity. The school has highly regarded programs in communication, computer science, engineering, physics, environmental science, and the performing arts. More than half of sections contain fewer than 20 students, and 72% enroll 29 or fewer.
Professional Outcomes: Within six months of earning their diplomas, 84% of grads had found employment. The most popular industries were science/research (16%), engineering/computer programming (14%), business (13%), finance/accounting (11%), and sales (10%). Top employers of recent grads include Google, EY, KPMG, Oracle, Amazon, IBM, and Adobe. Many alumni also can be found at Apple, Meta, Microsoft, and Salesforce. Two years after graduating, UCSB alumni make an average salary of $55k; more than half make $100k by mid-career.
- Enrollment: 23,460 (undergraduate); 2,961 (graduate)
- Cost of Attendance: $41,289 (in-state); $73,863 (out-of-state)
- Median SAT: Test Blind
- Median ACT: Test Blind
- Acceptance Rate: 28%
- Retention Rate: 92%
- Graduation Rate: 86%
The University of Texas at Austin
- Austin, TX
Academic Highlights: UT Austin offers over 150 majors, including those at the Cockrell School of Engineering, one of the most heralded undergraduate engineering schools around, and The McCombs School of Business, which dominates in the specialty areas of accounting and marketing. The computer science department is also top-ranked. In terms of degrees conferred, engineering is tied with biology (12%) followed by communication (11%), business (11%), and the social sciences (8%). The elite Plan II Honors Program is one of the best in the country.
Professional Outcomes: Within the College of Liberal Arts, six months after graduating, 68% of Longhorns are employed and 24% have entered graduate school. The for-profit sector attracts 65% of those employed while 19% enter public sector employment and 16% pursue jobs at a nonprofit. Major corporations that employ more than 500 UT Austin grads include Google, Meta, Oracle, Microsoft, IBM, and Apple. Engineering majors took home a median income of $79k and business majors took home $70k.
- Enrollment: 41,309 (undergraduate); 11,075 (graduate)
- Cost of Attendance: $30,752-$34,174 (in-state); $61,180-$69,310 (out-of-state)
- Median SAT: 1430
- Median ACT: 32
- Acceptance Rate: 31%
- Retention Rate: 95%
- Graduation Rate: 88%
Carnegie Mellon University
- Pittsburgh, PA
Academic Highlights: There are a combined 80+ undergraduate majors and 90 minors available across the six schools. Impressively, particularly for a school with more graduate students than undergrads, CMU boasts a 6:1 student-to-faculty ratio and small class sizes, with 36% containing single digits. In a given school year, 800+ undergraduates conduct research through the University Research Office. The most commonly conferred degrees are in engineering (21%), computer science (16%), mathematics (12%), business (10%), and visual and performing arts (9%).
Professional Outcomes: By the end of the calendar year in which they received their diplomas, 66% of 2022 grads were employed, and 28% were continuing to graduate school. The companies that have routinely scooped up CMU grads include Google, Meta, Microsoft, Apple, Accenture, McKinsey, and Deloitte. With an average starting salary of $105,194, CMU grads outpace the average starting salary for a college grad nationally. Of those pursuing graduate education, around 20% typically enroll immediately in PhD programs.
- Enrollment: 7,509
- Cost of Attendance: $84,412
- Median SAT: 1540
- Median ACT: 35
- Acceptance Rate: 11%
- Retention Rate: 97%
- Graduation Rate: 92%
The Ohio State University — Columbus
- Columbus, OH
Academic Highlights: There are 200+ undergraduate majors and 18 schools and colleges housed within OSU. Business sees the greatest percentage of degrees conferred at 18% followed by engineering (15%), health professions (10%), and the social sciences (9%). It makes sense that so many flock to the business and engineering schools as they are among the highest-rated undergraduate programs in their respective disciplines. 40% of sections enroll fewer than 20 students, and approximately 20% of students gain research experience.
Professional Outcomes: Upon receiving their diplomas, 56% of Class of 2022 graduates were entering the world of employment while 17% were already accepted into graduate or professional school. Hordes of Buckeyes can be found at many of the nation’s leading companies. More than 2,000 alumni work for JPMorgan Chase, more than 1,000 are employed by Amazon, and more than 600 work for Google and Microsoft. Of the grads who directly matriculate into graduate or professional school, many continue in one of OSU’s own programs.
- Enrollment: 45,728 (undergraduate); 14,318 (graduate)
- Cost of Attendance: $27,241 (in-state); $52,747 (out-of-state)
- Median SAT: 1340-1450
- Median ACT: 29-32
- Acceptance Rate: 53%
- Retention Rate: 94%
- Graduation Rate: 88%
Pennsylvania State University — University Park
- State College, PA
Academic Highlights: Penn State offers 275 majors and a number of top-ranked programs in a host of disciplines. The College of Engineering is rated exceptionally well on a national scale and is also the most popular field of study, accounting for 15% of the degrees conferred. The Smeal College of Business is equally well-regarded, earning high rankings in everything from supply chain management to accounting to marketing. It attracts 15% of total degree-seekers. 61% of classes have an enrollment below thirty students.
Professional Outcomes: By graduation, 70% of Nittany Lions have found their next employment or graduate school home. 98% of College of Business grads are successful within three months of exiting, flocking in large numbers to stellar finance, accounting, consulting, and technology firms. Hundreds of alumni work at Citi, Salesforce, and Meta, and more than 500 currently work at each of IBM, Deloitte, PwC, Amazon, EY, JPMorgan Chase, Microsoft, Google, and Oracle. 75% of 2022 grads employed full-time earned starting salaries greater than $50k.
- Enrollment: 41,745 (undergraduate); 7,020 (graduate)
- Cost of Attendance: $32,656 (in-state); $52,610 (out-of-state)
- Median SAT: 1300
- Median ACT: 29
- Acceptance Rate: 55%
- Retention Rate: 91%
- Graduation Rate: 85%
Bentley University
- Waltham, MA
Academic Highlights: Of the 29 majors and 35+ minors to choose from, a handful are non-business concentrations. The average undergraduate class is comprised of 26 students, and academics are intense. Roughly 20% of the student body is double majoring. The most popular majors are all within the business domain and include finance, business, management, marketing, accounting,
Professional Outcomes: A superb 99% of 2022 Bentley grads were employed or in graduate school six months after receiving their diplomas. The financial services and technology sectors each account for almost one-quarter of new hires. A hub of entrepreneurship, the school typically sees 5-10% of its graduating class start their own businesses right out of college. Bentley does not see a high number of graduates directly entering graduate school—roughly 10% in any given year. However, many pursue MBAs or other advanced business degrees later in their careers,
- Enrollment: 4,131
- Cost of Attendance: $80,670
- Median SAT: 1340
- Median ACT: 30
- Acceptance Rate: 58%
- Retention Rate: 91%
- Graduation Rate: 88%
Drexel University
- Philadelphia, PA
Academic Highlights: There are 80+ undergraduate majors to choose from at Drexel and they offer a reasonable 9:1 student-to-faculty ratio with commensurately reasonable class sizes. Fifty-two percent of sections contain 19 or fewer students, and just a sliver under 9% of sections contain fifty or more. Looking at the number of degrees conferred by discipline, the big three at Drexel are business (25%), health professions (21%), and engineering (17%). Visual and performing arts (9%), and CS (8%) round out the list of majors with a sizable representation.
Professional Outcomes: One year after graduating, 97%, Dragons have arrived at their next destination; 81% were employed, and 13% had matriculated into graduate or professional school. The largest employers of Drexel alumni are Comcast, Merck, Vanguard, and Johnson & Johnson. The average starting salary for Drexel grads with a full-time job was $64,774. Drexel’s medical school acceptance rate was 60%, roughly 20 points higher than the national average. It offers an accelerated BS/MD program with its own Drexel University College of Medicine.
- Enrollment: 13,881
- Cost of Attendance: $81,508
- Median SAT: 1330
- Median ACT: 29
- Acceptance Rate: 80%
- Retention Rate: 87%
- Graduation Rate: 78%
Florida State University
- Tallahassee, FL
Academic Highlights: A wide range of baccalaureate degrees—103 to be precise—are available at FSU. The student-to-faculty is a 17:1, which translates into somewhat larger class sizes. Ten percent of sections contain more than fifty students, and 4% have more than 100. However, that is balanced by the 66% of sections that contain fewer than twenty students. Twenty-three percent of degrees conferred fall under the business umbrella. The social sciences (15%), psychology (8%), biology (8%), and homeland security (6%) are next in popularity.
Professional Outcomes: Eighty-three percent of job-seeking Seminole grads receive at least one offer of employment within three months of graduation. The top five sectors employing 2022 grads are (in order) finance, technology, marketing, health, and engineering. Roughly one-third of 2022 Florida State grads elected to immediately pursue admission into an advanced degree program; 75% of those who apply receive at least one acceptance. A typical graduating class sees over 100 students accepted into medical schools and over 200 accepted into law schools.
- Enrollment: 32,936
- Cost of Attendance: $25,762 (In-State); $39,692 (Out-of-State)
- Median SAT: 1300
- Median ACT: 29
- Acceptance Rate: 25%
- Retention Rate: 94%
- Graduation Rate: 85%
University of Georgia
- Athens, GA
Academic Highlights: UGA boasts seventeen distinct colleges and schools that offer 125+ majors. Business is the most commonly conferred undergrad degree, accounting for 29% of diplomas earned. It is followed by biology (10%), social sciences (8%), communication & journalism (8%), and psychology (7%). Top-ranked programs include animal science, business, communications, and public and international affairs. 49% of sections enroll fewer than 20 students, and no matter your major, UGA encourages you to conduct research with a member of the school’s faculty.
Professional Outcomes: 96% of the Class of 2022 was employed or continuing their education six months after graduation. Popular employers include Accenture, PricewaterhouseCoopers, the Walt Disney Company, and Deloitte. Salaries vary between colleges; engineering grads had a median starting salary of $65k while journalism and communication grads reported a $50k median. In 2022, 24% of graduates enrolled directly into a graduate/professional degree program, with the most commonly attended schools including Columbia, Duke, Emory, Georgia Tech, Penn, and UVA.
- Enrollment: 30,714 (undergraduate); 9,893 (graduate)
- Cost of Attendance: $28,142 (in-state); $48,538 (out-of-state)
- Median SAT: 1310
- Median ACT: 29
- Acceptance Rate: 43%
- Retention Rate: 94%
- Graduation Rate: 88%
Purdue University — West Lafayette
- West Lafayette, IN
Academic Highlights: Purdue offers over 200 majors at ten discipline-specific colleges, and 38% of course sections have an enrollment of 19 or fewer. Engineering and engineering technologies majors earn 34% of the degrees conferred by the university; the College of Engineering cracks the top ten on almost every list of best engineering schools. The Krannert School of Management is also well-regarded by employers; 11% of degrees conferred are in business. Other popular majors include computer science (10%) and agriculture (5%)—both are incredibly strong.
Professional Outcomes: Shortly after receiving their diplomas, 70% of 2022 grads headed to the world of employment while 24% headed to graduate/professional school. The top industries entered by grads in recent years are (1) health care, pharmaceuticals, and medical devices; (2) finance, insurance, and consulting; (3) manufacturing and machinery; (4) airline, aviation, and aerospace. Companies employing the greatest number of recent alumni were Amazon, Deloitte, PepsiCo, Labcorp, Lockheed Martin, and Microsoft. The average starting salary was $68k across all degree programs.
- Enrollment: 37,949 (undergraduate); 12,935 (graduate)
- Cost of Attendance: $22,812 (in-state); $41,614 (out-of-state)
- Median SAT: 1330
- Median ACT: 31
- Acceptance Rate: 53%
- Retention Rate: 91%
- Graduation Rate: 84%
University of Connecticut
- Storrs, CT
Academic Highlights: UConn is home to fourteen schools and colleges as well as 115+ undergraduate majors. The four most commonly conferred undergraduate degrees are in business (15%), engineering (12%), the social sciences (12%), and health professions/nursing (12%). In terms of prestige and national reputation, programs in business, pharmacy, and nursing carry a good deal of weight. The school also does a nice job of creating a balance of classroom experiences—53% of sections enroll fewer than 20 students and only 18% contain more than fifty.
Professional Outcomes: 90% of the Class of 2022 experienced a positive outcome (job, grad school, military, volunteer position) within six months of earning their degrees. Among the 59% who found employment, the largest numbers landed at Aetna, Cigna, PwC, The Hartford, Travelers, and Raytheon Technologies; the median starting salary was $62,400. Massive numbers of alumni are employed by Pratt & Whitney, Pfizer, IBM, and Deloitte. 30% of 2022 graduates immediately entered a graduate or professional program, with many choosing to stay at UConn.
- Enrollment: 18,983 (undergraduate); 8,020 (graduate)
- Cost of Attendance: $41,606 (in-state); $64,478 (out-of-state)
- Median SAT: 1340
- Median ACT: 30
- Acceptance Rate: 55%
- Retention Rate: 91%
- Graduation Rate: 83%
Baruch College
- New York, NY
Academic Highlights: With a 19:1 student-to-faculty ratio and more part-time than full-time faculty, one-on-one bonding time with your professors is at a premium. Single-digit classes are a rarity, and only 21% of courses have 19 or fewer enrolled students. Popular majors within the well-respected Zicklin School of Business include accounting, finance, marketing, and business communication. Overall, the Zicklin School of Business attracts a mind-boggling three-quarters of the student population.
Professional Outcomes: Within six months of graduation, 96% of the Class of 2022 were already employed or in full-time graduate programs. The average salary for Arts & Sciences grads was $53,000 while Zicklin School of Business grads earned $61,000. The top employers of 2022 grads were KPMG (22), Morgan Stanley (17), JP Morgan (16 grads), Accenture (12), and Bank of America (11). Graduate studies are not usually the immediate step after receiving one’s diploma from Baruch and only 5% go right to graduate school.
- Enrollment: 15,896
- Cost of Attendance: $29,249 (in-state); $40,919 (out-of-state)
- Average SAT: 1186
- Average ACT: N/A
- Acceptance Rate: 50%
- Retention Rate: 87%
- Graduation Rate: 74%
Temple University
- Philadelphia, PA
Academic Highlights: Temple offers 100 undergraduate programs, including those at the well-regarded Fox School of Business. Other programs with strong national reputations include criminal justice, public health, and kinesiology. The most undergraduate degrees are conferred in business (22%) followed by communication/journalism and health professions (tied at 11%), the visual and performing arts (8%), biology (7%), psychology (6%), and computer science (5%). 42% of classes have an enrollment of 19 or fewer students, and 71% contain no more than 29 undergraduates.
Professional Outcomes: 51% of recent grads quickly secured employment and another 18% were enrolled in graduate school. Hundreds of Owl alumni can be found at big-time companies such as Merck, Comcast, Vanguard, GlaxoSmithKline, Johnson & Johnson, JPMorgan Chase, and Bristol Myers Squib. Within six months of graduating, 91% of Fox School of Business 2021 graduates were employed or had started their own businesses. The median salary for all graduates of that school was $57,000.
- Enrollment: 24,106 (undergraduate); 9,124 (graduate)
- Cost of Attendance: $41,828-$46,866 (in-state); $56,092-$65,618 (out-of-state)
- Median SAT: 1245
- Median ACT: 27
- Acceptance Rate: 80%
- Retention Rate: 84%
- Graduation Rate: 78%
University of Central Florida
- Orlando, FL
Academic Highlights: With a very high 29:1 student-to-faculty ratio, classes at UCF are fairly large as 23% contain 50 or more students. There are 100+ undergraduate majors at this institution. The most popular majors are business (17%), health professions (15%), psychology (10%), engineering (9%), and the visual and performing arts (7%). The school ranks well for facilitating social mobility and overall value and the engineering, computer science, and nursing programs all rank well on a national level.
Professional Outcomes: Over two-thirds of recent graduates obtained employment immediately after earning their bachelor’s degree; one-quarter head right to graduate school. The median starting salary is $47,000 and the most commonly entered industries are hospital/healthcare, education, hospitality services, engineering, technology, financial, accounting, and marketing. The most popular graduate degrees pursued were in the sciences, health professions, education, and medicine.
- Enrollment: 58,749
- Cost of Attendance: $24,244 (In-State); $39,269 (Out-of-State)
- Median SAT: 1270
- Median ACT: 27
- Acceptance Rate: 41%
- Retention Rate: 93%
- Graduation Rate: 76%
Butler University
- Indianapolis, IN
Academic Highlights: At Butler, undergrads can select from 85 academic majors. An excellent 11:1 student-to-faculty ratio translates to very few large lecture halls; just 4% of class sections contain more than 50 students. The greatest number of degrees are conferred business (32%), with health professions (10%), journalism (10%), and the social sciences (8%) next in line. Known for the quality of its undergraduate teaching, Butler delivers a quality education without a harrowing admissions process.
Professional Outcomes: With a 98% placement rate for the class of 2022, the vast majority of newly minted grads find employment (66%) or a grad school home (31%). The median starting salary salary is a solid $59,000 and prominent employers of last year’s grads include Walt Disney, EY, Oracle, and Johnson and Johnson. Butler alumni enter all types of graduate institutions including the likes of Vanderbilt, WashU, Brown, UChicago, and UPenn.
- Enrollment: 4,427
- Cost of Attendance: $61,850
- Median SAT: 1260
- Median ACT: 28
- Acceptance Rate: 82%
- Retention Rate: 88%
- Graduation Rate: 80%
University of Delaware
- Newark, DE
Academic Highlights: The University of Delaware offers 150 bachelor’s degree programs. Nearly one-third of students pursue a degree in either business (21%) or engineering (9%), two of the school’s highest-ranked departments. Nursing is popular, with 11% of degrees conferred being in the health professions. Other frequently pursued majors include the social sciences (10%), biology (7%), and education (5%). 62% of courses enroll fewer than 30 students. The university also has the oldest study abroad program in the nation, with 30% of undergrads participating.
Professional Outcomes: 94% of Class of 2022 grads quickly found their next destination. 66% were employed, with 74% taking jobs at for-profit companies, 16% at nonprofits, 7% in K-12 education, and 4% with a government entity. The greatest number of newly minted alums were hired by JPMorgan Chase & Co., KPMG, EY, ChristianaCare, and Deloitte. The median starting salary for this cohort was $62,000. 28% immediately pursued an advanced degree, with 62% entering master’s programs, 20% entering a professional program, and 9% beginning a PhD.
- Enrollment: 18,066 (undergraduate); 4,557 (graduate)
- Cost of Attendance: $33,718 (undergraduate); $57,358 (graduate)
- Median SAT: 1280
- Median ACT: 29
- Acceptance Rate: 72%
- Retention Rate: 91%
- Graduation Rate: 82%
University of Nebraska – Lincoln
- Lincoln, NE
Academic Highlights: There are more than 150 majors at the University of Nebraska and students enjoy a mix of smaller classes (34% have fewer than 20 students) and larger ones (18% have more than 50). Overall, 23% of the undergraduate degrees conferred are in business and 11% are in engineering. The next most common disciplines are agriculture (9%), journalism (8%), and family & consumer sciences (7%). Business, computer science, engineering, and psychology all receive their share of acclaim.
Professional Outcomes: Nine months after graduating, alumni have entered the workforce at a 63% clip and 35% have matriculated into graduate/professional school. Employers hiring more than a few recent graduates included Microsoft, Deloitte, Amazon, Epic, Union Bank & Trust Company, and Ameritas Life Insurance Corporation. Multiple grads enrolled at the following graduate/professional schools: the University of Nebraska College of Law, Johns Hopkins, Notre Dame, University of Michigan, and Boston University.
- Enrollment: 19,189
- Cost of Attendance: $28,594 (In-State); $46,234 (Out-of-State)
- Median SAT: 1210
- Median ACT: 24
- Acceptance Rate: 79%
- Retention Rate: 82%
- Graduation Rate: 65%
University of St. Thomas
- St. Paul, MN
Academic Highlights: In addition to completing a mandatory Core Curriculum, there are 150 majors and minors to choose from at the University of St. Thomas that are spread across eight colleges. The student-to-faculty ratio is 13:1 and 39% of class sections enroll no more than 19 students. Business is the most popular major (42%), followed by biology (8%), engineering (8%), the social sciences (7%), psychology (5%), philosophy (4%), and computer science (4%).
Professional Outcomes: A stellar 97% of graduates report a positive outcome within six months of earning their undergraduate degree, a figure aided by the fact that 67% of students complete at least one internship. Further, 73% of employed graduates enjoy a starting salary of more than $40,000. Employers of large numbers of alumni include Target, US Bank, Medtronic, UnitedHealth Group, 3M, Optum, Boston Scientific, and Cargill.
- Enrollment: 5,942
- Cost of Attendance: $65,221
- Average SAT: 1242
- Average ACT: 25
- Acceptance Rate: 78%
- Retention Rate: 86%
- Graduation Rate: 75%
Texas Christian University
- Forth Worth, TX
Academic Highlights: TCU offers 116 undergraduate majors. The most popular are housed in the Neely School of Business, including the highly-rated BBA in Entrepreneurship. 27% of all degrees conferred in 2022 fell under the business umbrella. The engineering program is also well-regarded. Other commonly conferred degrees include communications/journalism (15%), health professions (11%), and the social sciences (9%). 39% of its class sections have 20 or fewer students, and only 5% of courses seat more than 50.
Professional Outcomes: Upon graduating, 48% of recent diploma-earners were employed and 18% had their graduate school placement lined up. American Airlines, Deloitte, IBM, Lockheed Martin, and Medical City Hospitals employ the greatest number of recent alumni. Other companies with a large TCU presence include Microsoft, CBRE, Goldman Sachs, and AT&T. The most recent median starting salary was $58,900. For those who enrolled in an advanced degree program, the most commonly pursued areas of study were medicine/health (27%), business (21%), and psychology (13%).
- Enrollment: 10,523 (undergraduate); 1,750 (graduate)
- Cost of Attendance: $85,051
- Median SAT: 1260
- Median ACT: 28
- Acceptance Rate: 56%
- Retention Rate: 92%
- Graduation Rate: 83%
Michigan State University
- East Lansing, MI
Academic Highlights: This highly regarded state institution boasts over 200 programs—undergraduate, graduate, and professional—across 17 degree-granting colleges. A 17:1 student-to-faculty ratio rates in the average range for public universities of MSU’s size and scope. Class sizes are a genuine mix of small seminars and giant lecture halls. 16% of the degrees conferred in 2022 were in the business/marketing category. The next most common degrees were earned in communication/journalism (12%), engineering (11%), and the social sciences (8%).
Professional Outcomes: Within months of strutting across the graduation stage, 56% of Class of 2022 members had landed full-time employment, 27% were pursuing advanced degrees, and 6% were still looking for a job. The top employers of this group included big names like General Motors, Ford Motor Company, Deloitte, Epic Systems, Target, PepsiCo, and Microsoft. The median starting salary earned was $60,000. Among the grads schools favored by recent alumni are the University of Michigan, New York University, Columbia University, and Boston University.
- Enrollment: 39,201
- Cost of Attendance: $27,805 (In-State); $55,189 (Out-of-State)
- Median SAT: 1220
- Median ACT: 27
- Acceptance Rate:
- Retention Rate: 89%
- Graduation Rate: 82%
Georgia State University
- Atlanta, GA
Academic Highlights: There are over 250 majors, minors, and pathways of study at GSU including 130 undergraduate majors and minors. A 26:1 student-to-faculty ratio is on the high side and classes are rarely small; just 23% of sections are fewer than 20 students in size. Degrees are most often conferred in business (21%) and computer science (13%). However, psychology (9%), biology (8%), and the social sciences (8%) are also quite popular. The insurance, real estate, and management information disciplines receive high marks.
Professional Outcomes: Students in the GSU Honors College have gone on to obtain employment at Apple, CNN, Google, IBM, EY, Proctor & Gamble, and Freddie Mac. Alumni have entered law school at the likes of Notre Dame, UVA, the University of Michigan, Emory, and Yale. Future physicians have left GSU for elite medical schools such as the Duke University School of Medicine, Harvard University, George Washington School of Medicine & Health Services, and Morehouse School of Medicine.
- Enrollment: 28,927
- Cost of Attendance: $24,099 (In-State); $32,039 (Out-of-State)
- Median SAT: 1060
- Median ACT: 22
- Acceptance Rate: 61%
- Retention Rate: 75%
- Graduation Rate: 54%
Brigham Young University
- Provo, UT
Academic Highlights: Thirteen percent of sections contain more than fifty students. However, those lecture hall courses are balanced with classes of more modest size; 47% of courses have nineteen or fewer students. The areas where the most degrees were conferred in 2022 were business (14%), biology (12%), engineering (8%), health professions (7%), and the social sciences (7%). The programs with the strongest national reputations are those within the Marriott School of Business and, to a slightly lesser extent, the Ira A. Fulton College of Engineering.
Professional Outcomes: By a wide margin, the two largest employers of BYU alums are the university itself and the LDS Church. However, there are hundreds of Cougars working at major corporations including Adobe, Google, Microsoft, and Goldman Sachs. The median salary of a 2022 grad was $62,500. Brigham Young is in the same league with Berkeley, Cornell, the University of Michigan, and the University of Wisconsin in terms of producing future PhDs. Over the past decade, more than 3,000 alumni have gone on to earn doctoral degrees.
- Enrollment: 34,401
- Cost of Attendance: $23,052 (in-state); $38,076 (out-of-state)
- Median SAT: 1360
- Median ACT: 30
- Acceptance Rate: 67%
- Retention Rate: 90%
- Graduation Rate: 78%
Drake University
- Des Moines, IA
Academic Highlights: Students at Drake can select from 140 majors in six colleges and schools: College of Arts and Sciences, Zimpleman College of Business, School of Education, School of Journalism and Mass Communication, College of Pharmacy and Health Sciences, and the Law School. A 10:1 student-to-faculty ratio leads to more than half of all classes enrolling fewer than 20 students. 25% of degrees are conferred in business, followed by journalism (8%), visual and performing arts (8%), and social sciences (7%).
Professional Outcomes: An astounding 97% of graduates are employed or graduate school within six months of earning their diplomas and the school rates first in the state for median salary ten years after starting at Drake. Most remain in Iowa but some head to Chicago and Minneapolis. Employers with more than 50 alumni include Principal Financial Group, Wells Fargo, Nationwide, John Deere, and Corteva Agriscience.
- Enrollment: 2,835
- Cost of Attendance: $63,732
- Median SAT: 1260
- Median ACT: 28
- Acceptance Rate: 67%
- Retention Rate: 84%
- Graduation Rate: 79%
University of Iowa
- Iowa City, IA
Academic Highlights: 200+ undergraduate majors, minors, and certificate programs are available across eight colleges, including the Tippie College of Business, which has a very strong reputation. The most commonly conferred degree is business (24%), with parks and recreation (10%), social sciences (8%), health professions (8%), engineering (7%), and communication & journalism (5%) next in popularity. Over half of its undergraduate sections enroll 19 or fewer students, and 30% of undergrads conduct or assist research.
Professional Outcomes: 96% of Class of 2022 grads found their first job or advanced degree program within six months of receiving their diploma. The most commonly entered industries were healthcare (23%), entertainment/the arts (14%), finance and insurance (11%), and marketing/PR (10%). Companies that employ hundreds of alumni include Wells Fargo, Collins Aerospace, Principal Financial Group, Amazon, Accenture, and Microsoft. The median salary for 2022 grads was $50,000. 28% of recent graduates went directly into graduate school; 76% remained at the University of Iowa.
- Enrollment: 22,130 (undergraduate); 7,912 (graduate)
- Cost of Attendance: $28,846-$32,259 (in-state); $50,809-$54,822 (out-of-state)
- Median SAT: 1240
- Median ACT: 25
- Acceptance Rate: 85%
- Retention Rate: 89%
- Graduation Rate: 73%
University of Texas at Dallas
- Dallas, TX
Academic Highlights: There are 140+ degree plans at UT Dallas which sports a 25:1 student-to-faculty ratio. Only 7% of classes are taught by graduate assistants, but classes are on the large side – 27% of course sections contain 50 or more students. The two most popular areas of study at this university are business (20%) and computer science (20%). Biology (14%), engineering (13%), and health professions (8%) also enjoy solid popularity. Even better, UT Dallas has a strong national reputation in all of these academic areas.
Professional Outcomes: The most commonly entered industries are internet and software, healthcare, accounting, IT, and higher education. Those graduating with a degree in information technology and systems had an average starting salary of $76,900 while those earning an accounting degree brought home a mean figure of $59,700. UT Dallas graduates have less undergraduate debt than the national average and receive the third-best ROI of any public university in Texas.
- Enrollment: 21,617
- Cost of Attendance: $35,960 (In-State); $51,126
- Median SAT: 1290
- Median ACT: 28
- Acceptance Rate: 85%
- Retention Rate: 87%
- Graduation Rate: 74%
Arizona State University
- Tempe, AZ
Academic Highlights: The faculty-to-student ratio is a fairly high 19:1, but not all classes call for stadium seating. In fact, 40% of course sections seat fewer than twenty students. Business is the concentration in which 22% of total bachelor’s degrees are conferred. Engineering (9%), biology (9%), and the health professions (7%) are the next three most popular. The WP Carey School of Business offers many highly ranked programs as does the Fulton Schools of Engineering.
Professional Outcomes: A healthy 83% percent of ASU graduates looking for work are employed within six months of earning their degrees. The median salary for an ASU grad is roughly $55,000. Among the school’s top fifty employers are Amazon, Apple, Intel, The Vanguard Group, and Walt Disney Company. Approximately one-fifth of recent grads enrolled in graduate school. Similar to employment, the size and scope of the university lead to many graduate pathways. Many grads continue at ASU itself, but some continue at various prestigious institutions.
- Enrollment: 65,492
- Cost of Attendance: $28,142 (in-state); $48,284 (out-of-state)
- Median SAT: 1250
- Median ACT: 23
- Acceptance Rate: 90%
- Retention Rate: 86%
- Graduation Rate: 69%
Siena College
- Loudonville, NY
Academic Highlights: Siena offers 40 majors and more than 80 minors available to undergraduate students. A 13:1 student-to-faculty ratio ensures that no classes are larger than 50 students and 36% contain 20 or fewer. 30% of all degrees in 2022 were conferred in the area of business and another 10% were in biology. Other popular majors include the social sciences (9%), psychology (9%) health professions (8%), and journalism (7%).
Professional Outcomes: 30% of alumni say that they landed their first job directly through university connections and 86% stated that their job allows them to make a positive contribution to society. Ten years after graduating, alumni earn around $100,000 per year, and many work for Key Bank, Regeneron, Nielson, Goldman Sachs, Amazon, and the New York Life Insurance Company. Recent students have continued their education at Stanford University, Harvard Law School, Georgetown, Yale, and the Tufts School of Nutrition.
- Enrollment: 3,519
- Cost of Attendance: $63,795
- Median SAT: 1180
- Median ACT: 25
- Acceptance Rate: 71%
- Retention Rate: 85%
- Graduation Rate: 77%
DePauw University
- Greencastle, IN
Academic Highlights: No matter which of the 40+ majors you pursue at DePauw, you will enjoy the benefits of small class sizes and face time with faculty. A 9:1 student-to-faculty ratio and the fact that only four class sections in the whole university enroll more than 29 students assures that. The greatest number of DePauw undergrads earn degrees in the social sciences (17%), biology (10%), the visual/performing arts (9%), communication/journalism (8%), and computer science (6%).
Professional Outcomes: The university’s “Gold Commitment” guarantees that all grads will land at their next destination within six months, or they will be provided with an entry-level professional opportunity or an additional tuition-free semester. Top employers of DePauw grads include Eli Lilly and Company, IBM, Northern Trust Corporation, AT&T, and Procter & Gamble. Tigers applying to graduate and professional schools experience high levels of success. Of medical school applicants who earned a 3.6 GPA and scored in the 80th percentile on the MCAT, 90% are accepted to at least one institution.
- Enrollment: 1,752
- Cost of Attendance: $74,400
- Median SAT: 1260
- Median ACT: 28
- Acceptance Rate: 66%
- Retention Rate: 92%
- Graduation Rate: 79%
Elizabethtown College
- Elizabethtown, PA
Academic Highlights: At Elizabethtown, 88% of students report that their professors care about them as a person and 87% are satisfied with their major. A 13:1 student-to-faculty ratio makes all of this individualized attention available and 65% of courses enroll 19 or fewer students. 13% of students pursue a degree in the behavioral sciences and another 13% concentrate in business. Other popular majors include engineering (8%) and early childhood education (5%).
Professional Outcomes: Recent grads have gone on to land jobs at the likes of PwC, Hershey, Amazon, PepsiCo, Vanguard, and Lockheed Martin. Graduate schools attended include state institutions like Penn State and the University of Delaware and also elite universities like UPenn, Notre Dame, Carnegie Mellon, and William & Mary. Only a small number of recent alumni were still looking for their next step six months after earning their undergraduate degree.
- Enrollment: 1,737
- Cost of Attendance: $51,290
- Median SAT: 1170
- Median ACT: 27
- Acceptance Rate: 81%
- Retention Rate: 86%
- Graduation Rate: 80%
DePaul University
- Chicago, IL
Academic Highlights: There are more than 300 undergraduate majors and graduate programs at the nation’s largest Catholic research university. The student-to-faculty ratio is 17:1 and 42% of courses enroll fewer than 20 students. A hefty 32% of all degrees awarded in 2022 were in the discipline of business/marketing. The next most popular areas of study were the visual and performing arts (13%), journalism (11%), and computer science (10%). The University rates well in the areas of overall value and facilitating social mobility.
Professional Outcomes: 92% of 2022 graduates found their next positive step in life within six months of being awarded their diploma. 81% were employed earning a modest median salary of $45,000. Sample employers included Epic. Xerox Business Solutions, UBS, KPMG, and a number of nonprofit entities. Less than 10% of DePaul graduates directly enter graduate or professional school right after completing their undergraduate education.
- Enrollment: 14,134
- Cost of Attendance: $66,798
- Median SAT: 1190
- Median ACT: 27
- Acceptance Rate: 70%
- Retention Rate: 84%
- Graduation Rate: 69%
Cornell College
- Mount Vernon, IA
Academic Highlights: There are 60 majors and minors to select from at Cornell College (not to be confused with Cornell University); 51% either double-major or take on a minor. This Iowa-based liberal arts college awards the greatest number of degrees in the areas of business (9%), biology (9%), the social sciences (9%), parks and recreation (8%), and psychology (8%). The student-to-faculty ratio is 13:1 and 88% of all students have the chance to participate in undergraduate research.
Professional Outcomes: 96% of students have found their workplace or postsecondary home within one year of earning their degree. An exception 76% of medical school applicants are successful, nearly double the national average. Employers of the most alumni include Microsoft, Wells Fargo, Northwestern Mutual, Collins Aerospace, Integrated DNA Technologies, and the Mayo Clinic. Grads schools attended include Case Western, Brown, UC Irvine, and FSU.
- Enrollment: 1,060
- Cost of Attendance: $68,600
- Median SAT: 1240
- Median ACT: 26
- Acceptance Rate: 79%
- Retention Rate: 80%
- Graduation Rate: 63%
Ohio University
- Athens, OH
Academic Highlights: There are 250+ programs at OU across nine colleges. Slightly less than one-third of all class sections contain fewer than 20 students and the student-to-faculty ratio is 18:1. 37% of all degrees are issued in health professions, while business (12%), journalism (8%), and education (6%) are also commonly pursued. The public institution gets high grades for overall value and the engineering program is very solid. They have not increased tuition in four years.
Professional Outcomes: Hundreds of Ohio University graduates are currently employed at companies such as JP Morgan Chase, Nationwide, Cardinal Health, Microsoft, Amazon Web Services, Google, and Salesforce. The average graduate earns a starting salary of around $50k. Over half of those who earn a bachelor’s at OU go on to enroll in an advanced degree program. Graduate schools enrolling recent alumni include the University of Cincinnati, Kent State, Ohio State, and Case Western.
- Enrollment: 17,860
- Cost of Attendance: $26,574 (In-State); $36,942
- Median SAT: 1170
- Median ACT: 24
- Acceptance Rate: 87%
- Retention Rate: 79%
- Graduation Rate: 65%
Iowa State University
- Ames, IA
Academic Highlights: With more than 100 majors available across six undergraduate colleges, Iowa State has no shortage of academic pathways to explore. The student-to-faculty ratio is 19:1, yet, courses are a mix of large and small. 31% of sections enroll fewer than 20 students and 22% enroll more than 50. In terms of sheer popularity, engineering wins the day accounting for 23% of degrees earned in 2022. Business (18%), agricultural fields (10%), biology (5%), and education (5%) also see high volume.
Professional Outcomes: Graduates of the College of Liberal Arts & Sciences are employed in fairly large numbers by the likes of John Deere, Principal Financial Group, and Amazon. Overall, the most alumni work for Wells Fargo, Bayer, Corteva Agriscience, Collins Aerospace, Cargill, and Microsoft. Most remain in Iowa after graduation but many also move to Minnesota, Chicago, California, or Texas. The average starting salary for an engineering grad was $74,716 in 2023.
- Enrollment: 25,241
- Cost of Attendance: $24,204 (In-State); $41,390 (Out-of-State)
- Median SAT: 1220
- Median ACT: 24
- Acceptance Rate: 90%
- Retention Rate: 86%
- Graduation Rate: 74%
Appalachian State University
- Boone, NC
Academic Highlights: Students can select from 150 bachelor’s degrees and 80 graduate programs at App State. A reasonable 16:1 student-to-faculty ratio leads to 39% of all course sections having fewer than 20 students and just 8% enrolling 50 or more. 20% of all 2022 grads earned their degree in business/marketing followed by health professions (10%), education (9%), parks & recreation (9%), journalism (8%), and psychology (7%).
Professional Outcomes: Within one year of graduating, 86% of those surveyed have arrived at their next destination. Undergrads benefit from nine annual career fairs and the 16,000 employers that are approved to recruit on campus. Further, 99% of students find the Career Development Center to be helpful. Alumni go on to work in large numbers for Wells Fargo, Atrium Health, Novant Health, Bank of America, Red Hat, Cisco, and Duke Energy Corporation.
- Enrollment: 18,558
- Cost of Attendance: $20,339 (In-State); $37,335 (Out-of-State)
- Median SAT: 1180
- Median ACT: 24
- Acceptance Rate: 83%
- Retention Rate: 83%
- Graduation Rate: 75%
Ohio University
- Athens, OH
Academic Highlights: There are 250+ programs at OU across nine colleges. Slightly less than one-third of all class sections contain fewer than 20 students and the student-to-faculty ratio is 18:1. 37% of all degrees are issued in health professions, while business (12%), journalism (8%), and education (6%) are also commonly pursued. The public institution gets high grades for overall value and the engineering program is very solid. They have not increased tuition in four years.
Professional Outcomes: Hundreds of Ohio University graduates are currently employed at companies such as JP Morgan Chase, Nationwide, Cardinal Health, Microsoft, Amazon Web Services, Google, and Salesforce. The average graduate earns a starting salary of around $50k. Over half of those who earn a bachelor’s at OU go on to enroll in an advanced degree program. Graduate schools enrolling recent alumni include the University of Cincinnati, Kent State, Ohio State, and Case Western.
- Enrollment: 17,860
- Cost of Attendance: $26,574 (In-State); $36,942
- Median SAT: 1170
- Median ACT: 24
- Acceptance Rate: 87%
- Retention Rate: 79%
- Graduation Rate: 65%
We hope you have found our list of the Best Colleges for Actuarial Science to be useful and informative as you continue your college search process. We also invite you to check out some of our other resources and tools including:
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