Many students aspire to study Actuarial Science abroad at top institutions to broaden their knowledge base and sharpen their skills in the industry. Fortunately, there are many jobs for actuarial science graduates that students can apply for.
Some of the best countries to study actuarial science include the United States of America, Australia, Portugal, Belgium, and Hong Kong.
Here’s a look at some of the top countries to pursue studies in Actuarial Science:
Top Countries to Study Actuarial Science
The following are some of the top countries to study actuarial science:
1. The United States of America
The US is a popular destination for international students. It offers world-class universities with excellent Actuarial Science programs. These institutions offer undergraduate and postgraduate programs using an advanced curriculum.
If you’re looking to study and acquire your actuarial science certification in the USA, here are some of the best universities:
- Brigham Young University
- Ohio State University
- University of Minnesota
- University of Illinois
- Florida State University
Actuaries working in the USA earn between $75,274 and $209,371, with the average salary base at $125,540 annually.
2. Australia
Australia is another leading destination for studying Actuarial Science, with numerous universities offering both undergraduate and postgraduate programs. Gaining admission to any of these universities is a straightforward process.
These institutions have excellent and spacious learning environments, providing exclusive support to students through international centres.
Some of the top universities in Australia to study actuarial science include:
- University of Melbourne
- Monash University
- Australian National University
- University of New South Wales
- Macquarie University
3. Portugal
Portugal is home to some of the world’s top institutions for studying actuarial science, with the University of Lisbon and ISEG Lisbon School of Economics consistently ranked among the best.
While only 5% of business schools globally received both accreditations, the ISEG holds dual accreditations from the Association to Advance Collegiate Schools of Business (AACSB) and the Association of MBAs (AMBA).
The Portugal curriculum also offers practical experience and hands-on training to its students. Another draw is that the cost of living in Portugal is highly affordable, fitting into the modest budget of international students.
4. Belgium
Although Belgium has limited institutions for studying actuarial science, it offers excellent academic standards, where international students receive ample support during their studies. The UCLouvain Catholic University of Leuven in Belgium is one of the world’s top universities.
Additionally, the tuition fees are affordable compared to most European countries. Depending on the university, you can pay between $1,000 and $10,000 yearly.
5. Hong Kong
Hong Kong is a top destination for actuarial science studies. One of its top-ranked institutions, the University of Hong Kong, received the Validation by Educational Experience (VEE) authorisation from the following institutions:
- Canadian Institute of Actuaries (CIA)
- The Society of Actuaries (SOA)
- The Casualty Actuarial Society (CAS)
This recognition allows students with a B- or higher to bypass certain professional exams, accelerating their career progression.
Conclusion
Qualified actuarial scientists play a crucial role in protecting companies from economic crises. Choosing the best country to pursue Actuarial Science studies is essential to gaining international exposure and becoming an expert. While choosing the best country for Actuarial Science programs is crucial, it is equally important to take appropriate safety precautions before your journey. It is wise to acquire travel travel insurance that gives you financial coverage in case of unpredicted events like travel delays and medical emergencies.
Disclaimer: The information provided in this blog is for educational and informational purposes only. It may contain outdated data and information regarding the Insurance industry and products. It is advised to verify the currency and relevance of the data and information before taking any major steps. ICICI Lombard is not liable for any inaccuracies or consequences resulting from the use of this outdated information.