Actuarial Science
Stem Major
Add ComparisonIn 2021, the locations with the highest concentration of Actuarial Science degree recipients are Philadelphia, PA, New York, NY, and Champaign, IL. In 2021, the locations with a relatively high number of Actuarial Science degree recipients are Arcadia University, PA, Annville, PA, and Farmington, ME. The most common degree awarded to students studying Actuarial Science is a bachelors degree.
Information about the types of higher education institutions that grant degrees in Actuarial Science and the types of students that study this field. Drexel University awards the most degrees in Actuarial Science in the US, but Drake University and Drexel University have the highest percentage of degrees awarded in Actuarial Science.
Tuition costs for Actuarial Science majors are, on average, $8,340 for in-state public colleges, and $37,990 for out of state private colleges.
The most common sector, by number of institutions, that offers Actuarial Science programs are Private not-for-profit, 4-year or above institutions (75 total). The most common sector, by number of degrees awarded, is Public, 4-year or above (1,351 completions).
The most common sector, by number of degrees awarded in Actuarial Science, is Public, 4-year or above (1,351 completions in 2021).
The following chart shows the share of universities that offer Actuarial Science programs, by the total number of completions, colored and grouped by their sector.
Drexel University has the most Actuarial Science degree recipients, with 177 degrees awarded in 2021.
The following bar chart shows the state tuition for the top 5 institutions with the most degrees awarded in Actuarial Science.
Out of all institutions that offer Actuarial Science programs and have at least 5 graduates in those programs, Drake University has the highest percentage of degrees awarded in Actuarial Science, with 2.93%.
This map shows the counties in the United States colored by the highest number of degrees awarded in Actuarial Science by year.
This map shows the counties in the United States colored by the highest growth in degrees awarded for Actuarial Science.
Information on the businesses and industries that employ Business graduates and on wages and locations for those in the field.
The average salary for Business majors is $98,335 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.
The industry that employs the most Business majors is Elementary & secondary schools, though the highest paying industry, by average wage, is Securities, commodities, funds, trusts & other financial investments.
The average salary for Business majors is $98,335 and the most common occupations are Accountants & auditors, Other managers, and Financial managers.
This chart shows the average annual salaries of the most common occupations for Business majors.
This map shows the public use micro areas (PUMAs) in the United States colored by the average salary of Business majors.
Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.
The most common occupations Business majors, by number of employees, are Accountants & auditors, Other managers, and Financial managers.
Compared to other majors, there are an unusually high number of Business majors working as Accountants & auditors, Financial analysts, and Financial examiners.
The highest paid occupations by median income for Business majors are Surgeons, Physicians, and Chief executives & legislators.
The number of Business graduates in the workforce has been growing at a rate of 3.28%, from 11.2M in 2020 to 11.5M in 2021.
The largest single share of Business graduates go on to work as Accountants & auditors (9.56%). This chart shows the various jobs filled by those with a major in Business by share of the total number of graduates.
The most common industries that employ Business majors, by number of employees, are Elementary & secondary schools, Accounting, tax preparation, bookkeeping & payroll services, and Banking & related activities.
The highest paying industries of Business majors, by average wage, are Securities, commodities, funds, trusts & other financial investments, Internet publishing, broadcasting & web search portals, and Oil & gas extraction.
The number of Business graduates in the workforce has been growing at a rate of 3.28%, from 11.2M in 2020 to 11.5M in 2021.
The industry which employs the most Business graduates by share is Elementary & secondary schools, followed by Accounting, tax preparation, bookkeeping & payroll services. This visualization shows the industries that hire those who major in Business.
This map shows the public use micro areas (PUMAs) in the United States where there are a relatively high population of Business majors.
Note that the census collects information tied to where people live, not where they work. It is possible that Business majors live and work in the same place, but it is also possible that they live and work in two different places.
This chart shows distribution of ages for employees with a degree in Business. The most common ages of employees with this major are 36 and 40 years old, which represent 2.63% and 2.62% of the population, respectively.
The most common degree types awarded to students graduating in Actuarial Science are Bachelors Degree, Masters Degree, and Postbaccalaureate Certificate.
The most common degree types held by the working population in Business are Bachelors Degree, Masters Degree, and Professional degree.
This chart shows the granted degrees by sex at the 5 institutions that graduate the most students in Actuarial Science.
This chart shows the number of degrees awarded in Actuarial Science for each race & ethnicity. White students earned the largest share of the degrees with this major.
This chart illustrates the differences by sex for each race & ethnicity of Bachelors Degree recipients in Actuarial Science.
White Male students, who earn most of the degrees in this field, are the most common combination of race/ethnicity and sex.
There are a relatively high number of people that were born in Mongolia that hold Business degrees (2.88 times more than expected), and the most common country of origin by total numbers for non-US students earning a degree in this field is India (169,218 degree recipients).
Data on the critical and distinctive skills necessary for those working in the Actuarial Science field from the Bureau of Labor Statistics. Actuarial Science majors need many skills, but most especially Speaking. The revealed comparative advantage (RCA) shows that Actuarial Science majors need more than the average amount of Programming, Mathematics, Learning Strategies, Instructing, Writing, Active Learning, Systems Evaluation, Systems Analysis, Speaking, Critical Thinking, Reading Comprehension, Monitoring, Complex Problem Solving, Judgment and Decision Making, Time Management, Active Listening, Social Perceptiveness, Negotiation, Persuasion, Service Orientation, Coordination, Operations Analysis, Management of Personnel Resources, Technology Design, Management of Financial Resources, Management of Material Resources, Quality Control Analysis, Science, Operation Monitoring, Operation and Control, Equipment Selection, Installation, Equipment Maintenance, Troubleshooting, and Repairing.
These two visualizations, one a radial chart and one a bar chart, show the same information, a rating of how necessary the following skills are for Actuarial Science majors. Toggle between "value" and "RCA" to see the absolute rating of that skill (value) and the revealed comparative advantage (RCA), or how much greater or lesser that skill's rating is than the average. The longer the bar or the closer the line comes to the circumference of the circle, the more important that skill is. The importance of Programming is very distinctive for majors, but the Speaking, Reading Comprehension, Writing, Instructing, Learning Strategies, Critical Thinking, Active Learning, Active Listening, Monitoring, Judgment and Decision Making, Complex Problem Solving, Time Management, Social Perceptiveness, Systems Analysis, Systems Evaluation, Mathematics, Coordination, Persuasion, Service Orientation, Negotiation, Management of Personnel Resources, Operations Analysis, Science, Programming, Management of Material Resources, Management of Financial Resources, Technology Design, Quality Control Analysis, Operation Monitoring, Operation and Control, Equipment Selection, Installation, Equipment Maintenance, Troubleshooting, and Repairing are the three most important skills for people in the field.
