Actuarial Science - BS
Unlock Your Future with Actuarial Science! Dive into a world where mathematics, statistics, and business converge . Our program prepares you to assess and manage financial risks and helps you obtain actuarial licenses, paving the way for a successful career.
Program Overview
AUC's bachelor of science in actuarial science program introduces students to the mathematical and statistical principles that support the field of actuarial science, as well as the practical skills necessary to succeed in a competitive job market. With access to state-of-the-art facilities and a team of experienced faculty members, our students are well-equipped for successful careers as actuaries who provide risk management expertise to insurance companies, consultancies, governmental and regulatory bodies and investment and banking institutions.
The program helps graduates obtain the actuarial license from the Egyptian Financial Supervisory Authority by preparing students for success in the professional examinations of the Society of Actuaries and the Institute and Faculty of Actuaries ASA/FSA or CERA designations of the Society of Actuaries (USA) or the AIA/FIA designation of the Institute and Faculty of Actuaries (UK).
The Actuarial Science (B.S.) program is accredited by the Applied and Natural Science Accreditation Commission of ABET, https://www.abet.org, under the General Criteria.
Annual student enrollment and graduation data is available in AUC fact books.
Click here to know about ASA Curriculum Changes.
Program Objectives
- Establish a career as an actuary who provides risk management expertise to insurance companies, consultancies, government, regulatory bodies and a range of investment and banking institutions
- Earn an ASA/FSA or CERA designations of the Society of Actuaries (USA), the AIA/FIA designation of the Institute and Faculty of Actuaries (UK), or earn a graduate degree in actuarial science or a related field
- Adhere to high standards of conduct, practice, and qualifications of the actuarial profession
Degrees and Admission Requirements
Students wishing to pursue a Bachelor of Science in Actuarial Science should meet the minimum academic and admission requirements set by AUC.
Learning Outcomes
Students enrolled in the actuarial science program will be able to:
- An ability to identify, formulate, and solve problems typical of a career in actuarial science using standard techniques of mathematics, probability and statistics
- An ability to use appropriate financial and actuarial modeling techniques to assess uncertainty and risk
- An ability to analyze and interpret data, use statistical inference to draw conclusions about populations, and make informed data analysis decisions
- An ability to communicate effectively with a range of audiences
- An ability to understand ethical and professional responsibilities and the role of actuaries in protecting individuals, companies and other organizations from unforeseen or burdensome financial effects of random or contingent events
- An ability to function effectively on teams that establish goals, plan tasks, meet deadlines, and analyze risk and uncertainty
Career Paths and Practical Experience
Internship opportunities through AUC's Career Center are available for actuarial science students where they can apply what they learned in the classroom and find solutions to real-life problems.
Graduates of the actuarial science program have found success in these careers:
- Insurance
- Banking
- Finance
- Retail
- Cyber security
- Government
| Fall 2018 | Spring 2019 | Fall 2019 | Spring 2020 | Fall 2020 | Spring 2021 | Fall 2021 | Spring 2022 | Fall 2022 | Spring 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Full Time Students | 62 | 57 | 65 | 73 | 64 | 57 | 61 | 60 | 60 | 65 |
| Part Time Students | 11 | 3 | 13 | 2 | 5 | 3 | 6 | 3 | 10 | 8 |
| Student FTE | 67.74 | 58.99 | 72.08 | 73.75 | 66.5 | 59 | 64 | 62 | 66.08 | 70 |
| Graduated Students | 13 | 9 | 4 | 9 | 5 | 5 | 7 | 7 | 2 | 14 |
Scholarships
Excellence for Everyone
AUC will help you set your path to success from day one.
Students can receive anywhere from 20% to 100% of tuition coverage through scholarships and the Excellence Scholarship Program.
For actuarial students, the Society of Actuaries (SOA) is extremely relevant no matter what field they end up in, such as insurance, pension, quantitative analysis, investment, or other actuarial areas.
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