MBA Programs in Actuarial Science
Tuition, ROI, Graduate Salary, GMAT Requirements
10 Best Ranked | Interactive Table | Salaries | Tuition | ROI | GMAT | Alumni Networking | How We Rank
$40,946
Average Tuition – Actuarial Science MBA Programs
$88,708
Average Starting Salary – Actuarial Science MBA Programs
577
Average GMAT Scores – Actuarial Science MBA Programs
144%
Average ROI – Finance MBA Programs
Executive Summary for MBA Programs in Actuarial Science MBA Programs
The ranking team at MBAGuide.org, evaluated 16 Actuarial Science MBA programs. Here is a summary of our comprehensive findings. Explore the details about the Actuarial Science MBA, compare schools, find states and cities where the degree is offered.
- Comprehensive comparisons, data and analysis – MBAGuide conducted an in-depth analysis of 16 AACSB-accredited campus MBA programs in Actuarial Science to find the top programs in the country.
- Ranking metrics you care about – such as average starting salaries, tuition fees, return on investment (ROI), GMAT scores, alumni networks, student-to-faculty ratios, and more with no paywall.
- Detailed school profiles of Actuarial Science MBA programs their strengths, faculty expertise, alumni networks to help align your program choice
Best 10 MBA Programs in Actuarial Science
University of Wisconsin-Madison
Wisconsin School of Business
Location:
- Madison
,
- WI
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Arts
- Consulting
- Corporate Finance
- Data Analytics
- Entrepreneurship
- Ethics
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Management
- Marketing
- Operations Management
- Other
- Real Estate
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
The University of Georgia
Terry College of Business
Location:
- Athens
,
- GA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Actuarial Science
- Arts
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Law
- Leadership
- Management
- Marketing
- Real Estate
- Science and Technology
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
The Pennsylvania State University
Smeal College of Business
Location:
- University Park
,
- PA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Full-Time
- ·
- Online
- Accounting
- Actuarial Science
- Consulting
- Corporate Finance
- Data Analytics
- Energy
- Entrepreneurship
- Finance
- General Business
- Information Systems
- Leadership
- Management
- Marketing
- Organizational Behavior
- Other
- Real Estate
- Supply Chain
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Temple University
The Fox School of Business
Location:
- Philadelphia
,
- PA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Consulting
- Corporate Finance
- Data Analytics
- Economics
- Education
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Human Resources
- Information Systems
- Insurance
- International Business
- Law
- Management
- Marketing
- Organizational Behavior
- Real Estate
- Statistics
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Georgia State University
J. Mack Robinson College of Business
Location:
- Atlanta
,
- GA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Hospitality Management
- Human Resources
- Information Systems
- Insurance
- International Business
- Management
- Marketing
- Operations Management
- Real Estate
- Science and Technology
- Supply Chain
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Middle Tennessee State University
Jennings A. Jones College of Business
Location:
- Murfreesboro
,
- TN
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Economics
- Entrepreneurship
- Finance
- General Business
- Healthcare Administration
- Information Systems
- Insurance
- Management
- Marketing
- Other
- Real Estate
- Supply Chain
- Taxation
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
University of Nebraska-Lincoln
College of Business
Location:
- Lincoln
,
- NE
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Human Resources
- International Business
- Law
- Management
- Marketing
- Other
- Product Management
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Iowa State University
College of Business
Location:
- Ames
,
- IA
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- General Business
- Healthcare Administration
- Human Resources
- Information Systems
- Management
- Marketing
- Other
- Real Estate
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Saint Joseph's University
Erivan K. Haub School of Business
Location:
- Philadelphia
,
- PA
Control: Private
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- Doctoral
- ·
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- Campus
- ·
- Distance Education
- ·
- Evenings
- ·
- Full-Time
- ·
- Off Campus
- ·
- Online
- ·
- Part-Time
- ·
- Partnership
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Data Analytics
- Entrepreneurship
- Finance
- General Business
- Global Management
- Healthcare Administration
- Human Resources
- Insurance
- International Business
- Leadership
- Management
- Marketing
- Other
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Oakland University
School of Business Administration
Location:
- Rochester
,
- MI
Control: Public
Academic Year: Semester
Accredited: AACSB
Accreditation: Business and Accounting
Facebook, Linkedin and TwitterDegree Level(s):
- E-MBA
- ·
- Master
- ·
- MBA
- ·
- Undergraduate
Offered As:
- 1-Year
- ·
- Campus
- ·
- Evenings
- ·
- Full-Time
- ·
- Online
- ·
- Part-Time
- ·
- Weekends
- Accounting
- Actuarial Science
- Corporate Finance
- Data Analytics
- Economics
- Entrepreneurship
- Finance
- Global Management
- Human Resources
- Information Systems
- International Business
- Management
- Marketing
- Operations Management
- Supply Chain
- Top 10% in State: ROI, Tuition
- Better than State Average: GMAT
- Better than National Average: Student / Faculty Ratio
Interactive Table of the Best Ranked MBA Programs in Actuarial Science
Easily sort the interactive table below to find the best Actuarial Science MBA programs by Rank, School Name, ROI, Tuition, Average Starting Salary, and Campus or Online to find and to compare MBA programs in Actuarial Science. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 2 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 3 | The Pennsylvania State University | 87.00% | $61,236 | $114,483 | PA | Yes |
| 4 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 5 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 6 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 7 | University of Nebraska-Lincoln | 185.00% | $32,400 | $92,300 | NE | Yes |
| 8 | Iowa State University | 152.00% | $29,966 | $75,552 | IA | Yes |
| 9 | Saint Joseph's University | 114.00% | $42,912 | $92,000 | PA | Yes |
| 10 | Oakland University | 187.00% | $30,024 | $86,300 | MI | Yes |
| 11 | St. John's University | -25.00% | $83,205 | $62,619 | NY | Yes |
| 12 | Bradley University | 61.00% | $35,740 | $57,450 | IL | No |
| 13 | DePaul University | 59.00% | $53,952 | $86,000 | IL | Yes |
| 14 | Drake University | 208.00% | $25,848 | $79,500 | IA | Yes |
| 15 | The University of Texas at San Antonio | 218.00% | $24,512 | $78,000 | TX | Yes |
| 16 | Palm Beach Atlantic University | 197.00% | $25,920 | $77,035 | FL | No |
An MBA program in Actuarial Science will cost you between $24,512.00 to $83,205.00.
- Number of Programs Offering Actuarial Science MBAs: 16
- Average GMAT Score for Actuarial Science MBA Programs: 577
- Average In-State Tuition for Actuarial Science MBA Programs: $40,945.63
- Average Graduate Salary for Actuarial Science MBA Programs: $88,708
- Average ROI for Actuarial Science MBA Programs: 144%
Compare Actuarial Science MBA Program Averages vs Campus
| Averages | MBA Programs | Online MBA Programs |
|---|---|---|
| Number of Programs | 16 | 14 |
| Average Starting Salary | $88,708 | $91,774 |
| Average MBA Tuition | $40,946 | $42,391 |
| Average ROI | 144% | 146% |
| Average GMAT Scores | 577 | 584 |
| Average Full-Time MBA Faculty | 110 | 122 |
| Average MBA Student Faculty Ratio | 18:1 | 19:1 |
| Faculty with Doctorate | 84% | 84% |
| Average Full-Time MBA Enrollment | 304 | 349 |
| Average Part-Time MBA Enrollment | 322 | 349 |
| Average % of MBA Students from U.S. | 84% | 84% |
Read about our ranking methodology.
What is the Average MBA Salary for Actuarial Science Graduates?
Though it’s not the only factor, compensation is an important consideration for individuals considering obtaining an MBA degree. Salaries for graduates with master’s degrees in Actuarial Science can be significantly higher than those of graduates with only a bachelor’s degree. In addition, advance salary projections from the US Department of Labor show that average MBA salaries are expected to increase by 13.5% each year through the year 2028 with an annual need of 99,000 new managers needed each year.
MBA salaries differs wildly depending on the program you chose, the industry you enter and the experience you have. After earning an MBA from Bradley University, the average MBA graduate annual salary is $57,450 . A degree from The University of Georgia, will provide an annual salary of $120,510.
Average MBA starting salary for graduates from accredited programs is $88,708 with the lowest of starting of $57,450 and the highest reported starting salary of $120,510.
Average Graduate Salaries for In-Person Actuarial Science MBA Programs
- Average Actuarial Science: $88,708
- Lowest Actuarial Science: $57,450
- Highest Actuarial Science: $120,510
10 Highest Salaries for In-Person MBA Graduates in Actuarial Science
- The University of Georgia - $120,510.00
- University of Wisconsin-Madison - $118,983.00
- The Pennsylvania State University - $114,483.00
- Temple University - $95,989.00
- Georgia State University - $93,600.00
- University of Nebraska-Lincoln - $92,300.00
- Saint Joseph's University - $92,000.00
- Middle Tennessee State University - $89,000.00
- Oakland University - $86,300.00
- DePaul University - $86,000.00
10 Lowest Salaries for In-Person MBA Graduates in Actuarial Science
- Bradley University - $57,450.00
- St. John's University - $62,619.00
- Iowa State University - $75,552.00
- Palm Beach Atlantic University - $77,035.00
- The University of Texas at San Antonio - $78,000.00
- Drake University - $79,500.00
- DePaul University - $86,000.00
- Oakland University - $86,300.00
- Middle Tennessee State University - $89,000.00
- Saint Joseph's University - $92,000.00
Average Salary for Graduate of MBA Programs in Actuarial Science Programs – Interactive Table
Easily sort the interactive table below to find the best Actuarial Science MBA programs by Starting Salary, and Campus or Online to find and to compare MBA programs in Actuarial Science. Click on any school for a comprehensive school profile.
| Rank | University | Avg. Starting Salary | In State Tuition | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | Bradley University | $57,450 | $35,740 | 61.00% | IL | No |
| 2 | St. John's University | $62,619 | $83,205 | -25.00% | NY | Yes |
| 3 | Iowa State University | $75,552 | $29,966 | 152.00% | IA | Yes |
| 4 | Palm Beach Atlantic University | $77,035 | $25,920 | 197.00% | FL | No |
| 5 | The University of Texas at San Antonio | $78,000 | $24,512 | 218.00% | TX | Yes |
| 6 | Drake University | $79,500 | $25,848 | 208.00% | IA | Yes |
| 7 | DePaul University | $86,000 | $53,952 | 59.00% | IL | Yes |
| 8 | Oakland University | $86,300 | $30,024 | 187.00% | MI | Yes |
| 9 | Middle Tennessee State University | $89,000 | $26,712 | 233.00% | TN | Yes |
| 10 | Saint Joseph's University | $92,000 | $42,912 | 114.00% | PA | Yes |
| 11 | University of Nebraska-Lincoln | $92,300 | $32,400 | 185.00% | NE | Yes |
| 12 | Georgia State University | $93,600 | $36,522 | 156.00% | GA | Yes |
| 13 | Temple University | $95,989 | $60,000 | 60.00% | PA | Yes |
| 14 | The Pennsylvania State University | $114,483 | $61,236 | 87.00% | PA | Yes |
| 15 | University of Wisconsin-Madison | $118,983 | $55,575 | 114.00% | WI | Yes |
| 16 | The University of Georgia | $120,510 | $30,606 | 294.00% | GA | Yes |
What is the Average In-Person MBA Tuition for Actuarial Science Programs?
If you plan on attending an MBA program, it’s best to start thinking about fiscal responsibility. A prospective B-Student needs to weigh their tuition options. An AACSB-accredited MBA program can pave the way for a great starting salary or career advancement. An MBA program can provide the flexibility of completing a program while being employed in your respective career.
The average in-state tuition for an MBA in Actuarial Science is $40,945.63 compared to an average campus program Actuarial Science is $40,945.63 .
The lowest AACSB tuition rate at $24,512.00 from The University of Texas at San Antonio.
The highest AACSB tuition rate is $83,205.00 from St. John’s University.
Average Tuition for In-Person MBA Programs in Actuarial Science
- Average: $40,945.63
- Lowest: $24,512.00 from The University of Texas at San Antonio
- Highest: $83,205.00 from St. John’s University
10 Most Affordable MBA Programs in Actuarial Science
- The University of Texas at San Antonio - $24,512.00
- Drake University - $25,848.00
- Palm Beach Atlantic University - $25,920.00
- Middle Tennessee State University - $26,712.00
- Iowa State University - $29,966.00
- Oakland University - $30,024.00
- The University of Georgia - $30,606.00
- University of Nebraska-Lincoln - $32,400.00
- Bradley University - $35,740.00
- Georgia State University - $36,522.00
10 Most Expensive MBA Programs in Actuarial Science
- St. John's University - $83,205.00
- The Pennsylvania State University - $61,236.00
- Temple University - $60,000.00
- University of Wisconsin-Madison - $55,575.00
- DePaul University - $53,952.00
- Saint Joseph's University - $42,912.00
- Georgia State University - $36,522.00
- Bradley University - $35,740.00
- University of Nebraska-Lincoln - $32,400.00
- The University of Georgia - $30,606.00
Interactive Table – Tuition for MBA Programs in Actuarial Science Programs
Easily sort the interactive table below to find the best Actuarial Science MBA programs by Tuition to find and to compare MBA programs in Actuarial Science. Click on any school for a comprehensive school profile.
| Rank | University | In State Tuition | Avg. Starting Salary | ROI | State | Online |
|---|---|---|---|---|---|---|
| 1 | The University of Texas at San Antonio | $24,512 | $78,000 | 218.00% | TX | Yes |
| 2 | Drake University | $25,848 | $79,500 | 208.00% | IA | Yes |
| 3 | Palm Beach Atlantic University | $25,920 | $77,035 | 197.00% | FL | No |
| 4 | Middle Tennessee State University | $26,712 | $89,000 | 233.00% | TN | Yes |
| 5 | Iowa State University | $29,966 | $75,552 | 152.00% | IA | Yes |
| 6 | Oakland University | $30,024 | $86,300 | 187.00% | MI | Yes |
| 7 | The University of Georgia | $30,606 | $120,510 | 294.00% | GA | Yes |
| 8 | University of Nebraska-Lincoln | $32,400 | $92,300 | 185.00% | NE | Yes |
| 9 | Bradley University | $35,740 | $57,450 | 61.00% | IL | No |
| 10 | Georgia State University | $36,522 | $93,600 | 156.00% | GA | Yes |
| 11 | Saint Joseph's University | $42,912 | $92,000 | 114.00% | PA | Yes |
| 12 | DePaul University | $53,952 | $86,000 | 59.00% | IL | Yes |
| 13 | University of Wisconsin-Madison | $55,575 | $118,983 | 114.00% | WI | Yes |
| 14 | Temple University | $60,000 | $95,989 | 60.00% | PA | Yes |
| 15 | The Pennsylvania State University | $61,236 | $114,483 | 87.00% | PA | Yes |
| 16 | St. John's University | $83,205 | $62,619 | -25.00% | NY | Yes |
What is the Average ROI for MBA Programs in Actuarial Science?
Choosing an MBA program requires more than a glance at the school’s reputation or curriculum. The return on investment (ROI) should take center stage in your evaluation. This measurement reveals the potential value derived from your tuition investment, putting key factors such as starting salary and career progression under the microscope.
By scrutinizing the ROI, you’re not just making a decision—you’re making an informed one. This approach will ensure the selection of an MBA program that provides the most bang for your buck. Checking the ROI might not be an afterthought; it could be the game-changer in your MBA journey.
For MBA programs in across the U.S., the ROI ranges from -25% to 294%.The lowest MBA ROI of -25% is from the program at St. John’s University.The highest MBA ROI of 294% is offered by The University of Georgia.On average, MBA programs across the U.S. have an ROI of 186%.
Interactive Table – ROI for MBA Programs in Actuarial Science Programs
Easily sort the interactive table below to find the best Actuarial Science MBA programs by ROI to find and to compare MBA programs in Actuarial Science. Click on any school for a comprehensive school profile.
| Rank | University | ROI | In State Tuition | Avg. Starting Salary | State | Online |
|---|---|---|---|---|---|---|
| 1 | The University of Georgia | 294.00% | $30,606 | $120,510 | GA | Yes |
| 2 | Middle Tennessee State University | 233.00% | $26,712 | $89,000 | TN | Yes |
| 3 | The University of Texas at San Antonio | 218.00% | $24,512 | $78,000 | TX | Yes |
| 4 | Drake University | 208.00% | $25,848 | $79,500 | IA | Yes |
| 5 | Palm Beach Atlantic University | 197.00% | $25,920 | $77,035 | FL | No |
| 6 | Oakland University | 187.00% | $30,024 | $86,300 | MI | Yes |
| 7 | University of Nebraska-Lincoln | 185.00% | $32,400 | $92,300 | NE | Yes |
| 8 | Georgia State University | 156.00% | $36,522 | $93,600 | GA | Yes |
| 9 | Iowa State University | 152.00% | $29,966 | $75,552 | IA | Yes |
| 10 | Saint Joseph's University | 114.00% | $42,912 | $92,000 | PA | Yes |
| 10 | University of Wisconsin-Madison | 114.00% | $55,575 | $118,983 | WI | Yes |
| 12 | The Pennsylvania State University | 87.00% | $61,236 | $114,483 | PA | Yes |
| 13 | Bradley University | 61.00% | $35,740 | $57,450 | IL | No |
| 14 | Temple University | 60.00% | $60,000 | $95,989 | PA | Yes |
| 15 | DePaul University | 59.00% | $53,952 | $86,000 | IL | Yes |
ROI for MBA Programs
- Average: 186%
- Lowest: -25%
- Highest: 294%
10 Highest ROI for MBA Programs in Actuarial Science
- The University of Georgia - 294.00%
- Middle Tennessee State University - 233.00%
- The University of Texas at San Antonio - 218.00%
- Drake University - 208.00%
- Palm Beach Atlantic University - 197.00%
- Oakland University - 187.00%
- University of Nebraska-Lincoln - 185.00%
- Georgia State University - 156.00%
- Iowa State University - 152.00%
- Saint Joseph's University - 114.00%
10 Lowest ROI for MBA Programs in Actuarial Science
- DePaul University - 59.00%
- Temple University - 60.00%
- Bradley University - 61.00%
- The Pennsylvania State University - 87.00%
- Saint Joseph's University - 114.00%
- University of Wisconsin-Madison - 114.00%
- Iowa State University - 152.00%
- Georgia State University - 156.00%
- University of Nebraska-Lincoln - 185.00%
- Oakland University - 187.00%
What is the Average GMAT Score Needed for an MBA Program in Actuarial Science?
The Graduate Management Admission Test (GMAT) is a standardized examination used by MBA schools to assess their applicant pool. The test is strategically designed to measure an applicant’s analytical, verbal, writing and mathematical skills. The GMAT is used as a predictor of success in MBA programs and tests one’s ability to successfully handle the advanced quantitative and qualitative study of business and management.
Even though some B-Schools may not require a GMAT Scores, there’s a good chance that a highly-competitive MBA program does require the GMAT. With that being said, average GMAT Scores for in-person MBA programs in Actuarial Science is 577 with a highest of 672 and the lowest of 450
The average GMAT score needed for a Actuarial Science MBA program from an institution is between 450 from The University of Texas at San Antonio to 672 from The University of Georgia. The average GMAT scores for Actuarial Science MBA programs is 577.
It’s important to note that not all MBA programs require a GMAT Score for admissions, but most reputable programs do. With that being said, if you have your eye on a list of competitive programs, it’s best to boost your GMAT Score accordingly. Outside of a solid GMAT Score, B-School admissions departments look at a candidate’s undergraduate GPA, professional experience, letters of recommendation, CV, and personal statement. A strong undergraduate performance may offset a sub-part GMAT Score. The average GMAT Score for on-campus MBA programs in Actuarial Science is a 576.69 compared to an average MBA program score of 576.69. It is recommended that each B-School applicant take a GMAT diagnostic test in order to determine whether or not further study and/or a prep course is needed to boost your score.
Average GMAT Score for MBA Programs in Actuarial Science
- Average: 577
- Lowest: 450
- Highest: 672
10 Lowest GMAT for MBA Programs in Actuarial Science
- The University of Texas at San Antonio - 450
- DePaul University - 455
- Palm Beach Atlantic University - 500
- Drake University - 510
- Oakland University - 543
- Saint Joseph's University - 550
- Bradley University - 550
- Middle Tennessee State University - 589
- St. John's University - 590
- Iowa State University - 609
10 Highest GMAT for MBA Programs in Actuarial Science
- The University of Georgia - 672
- University of Wisconsin-Madison - 665
- The Pennsylvania State University - 663
- Georgia State University - 630
- University of Nebraska-Lincoln - 627
- Temple University - 624
- Iowa State University - 609
- St. John's University - 590
- Middle Tennessee State University - 589
- Saint Joseph's University - 550
No GMAT or GRE: Best MBA Programs in Actuarial Science
More than 233 AACSB accredited MBA programs do not require their applicants to take GMAT exam. Many well-known programs such as the University of Michigan and the University of California, Los Angeles no longer require the exam. If you are unsure where you would like to take your program, then you should take the GMAT sooner rather than later so you don’t lose time meeting the score requirement of a program.
Alumni from Schools Offering an MBA in Actuarial Science
There are pros and cons when considering the size of your MBA in Accounting program. Larger, more diverse student populations, may lend itself to greater networking and job placement opportunities; whereas smaller programs may provide for more meaningful interactions with fellow classmates.
The importance of networking, whether it’s by way of campus job fairs, student organization members, or faculty mentorship, should not be understated when considering an MBA program. The average MBA enrollment size has a direct impact on your studies, your job prospects, your ability to define your career goals and after graduation connections.
Every B-School has a strategy behind their enrollment sizes. If a prospective B-Student is looking for networking opportunities, wants to attend job fairs, and plans on joining student organizations, B-School enrollment size plays an important role in the decision making process. For the B-Student interested in the smaller cohort-style classroom experience and thrive with face-to-face collaboration with their professors, a manageable enrollment size is the preferred option.
For Actuarial Science MBA programs, the range for full-time enrollment is between 6 and 998. For part-time enrollment, the range is between : 12.00 and : 1,359.00.
Average Enrollment for MBA Programs Offering an MBA in Actuarial Science
- Lowest: 6 from DePaul University
- Highest: 998 from Georgia State University
- Average: 304 from 16 MBA Programs.
10 MBA Programs with the Highest Enrollment (Alumni)
- Georgia State University - 998
- Saint Joseph's University - 807
- The University of Texas at San Antonio - 558
- University of Wisconsin-Madison - 496
- The Pennsylvania State University - 256
- Iowa State University - 231
- Middle Tennessee State University - 210
- Oakland University - 144
- Palm Beach Atlantic University - 93
- Drake University - 69
10 MBA Programs with the Smallest Enrollment (Alumni)
- DePaul University - 6
- Bradley University - 21
- University of Nebraska-Lincoln - 64
- Drake University - 69
- Palm Beach Atlantic University - 93
- Oakland University - 144
- Middle Tennessee State University - 210
- Iowa State University - 231
- The Pennsylvania State University - 256
- University of Wisconsin-Madison - 496
Student / Faculty Ratio for MBA Programs in Actuarial Science
For most students, their professors are the first exposure to the business world. They are normally practitioners in the field and have successful risen to the top of their respective careers. B-School Actuarial Science Professors can guide you toward a specific concentration, provide the latest industry trends, and put you on the right track, career-wise. The Student/Faculty ratio is important to those interested in building a lasting relationship with their professor. To use them as a networking opportunity and an advisor.
Top 10 Concentrations Available from Schools Also Offering an Degree in Actuarial Science?
Highly competitive B-Schools recruit part-time and full-time professors that are both academic and industry influencers. They are the subject matter experts in their respective concentrations. To meet the diverse needs of Actuarial Science businesses, MBA programs here have risen to the challenge by offering you an array of more than 47 MBA concentrations including:
- Accounting: 16
- Management: 16
- Actuarial Science: 16
- Finance: 16
- Marketing: 16
- Corporate Finance: 16
- Data Analytics: 15
- General Business: 15
- Entrepreneurship: 14
- Economics: 13
Here are the top schools offering the widest variety of concentrations to choose from:
- David B. O’Maley College of Business: 30
- Nova Southeastern University: 25
- University of Cincinnati: 24
- Harvard University: 24
- Suffolk University: 23
- Temple University: 23
- Drexel University: 23
- The Ohio State University: 22
- University of Baltimore: 22
- Georgia State University: 22
The Importance of MBA Accreditation for MBA Programs
The importance of accreditation can’t be underestimated. For many, knowing your school is accredited by the AACSB and regionally accredited by the US Department of Education is enough assurance that you will receive a quality education, where credits are more likely to transfer, and you will be qualified for loans, grants, and scholarships.
AACSB accreditation is considered to be the gold standard in business school credentialing. Established to promote high-quality business education in the U.S., AACSB members developed a stringent accreditation process. Members are held accountable for following an established business education framework set forth by the AACSB. With that comes MBA degrees conferrals that are widely recognized by Fortune 500 companies. This results in lucrative job opportunities.
MBA Program Options Available for Actuarial Science MBA Programs
Options for earning your Actuarial Science MBA have never been more flexible. Actuarial Science MBA programs have become adept at offering effective alternatives for you to earn your MBA, no matter your life situation or schedule.
There are 16 Actuarial Science accredited MBA programs. 1 private and 10 public schools offering Actuarial Science MBA programs.
Number of Award Earned for MBA Programs Offering an Actuarial Science Degree
The ranking of MBA programs is certainly not an exact science and plenty of subjective reasoning and biases come into play. We offer insights into ranking as another way to evaluate a potential MBA program.
Of the 16 accredited MBA programs offered in Actuarial Science, 15 of them have been recognized by at least one distinguished publication MBAGuide, PQ, US News, Forbes, BW, FT and Economist garnering an award as one of the best MBA programs in the country.
- The Pennsylvania State University: 7
- University of Wisconsin-Madison: 7
- The University of Georgia: 6
- Temple University: 6
- Iowa State University: 3
- The University of Texas at San Antonio: 1
- Saint Joseph’s University: 1
- St. John’s University: 1
- University of Nebraska-Lincoln: 1
- Georgia State University: 1
- Drake University: 1
- DePaul University: 1
- Middle Tennessee State University: 1
- Bradley University: 1
- Oakland University: 1
Publications and the number of awards granted for an MBA degree in Actuarial Science :
- MBAGuide: 15
- US News: 5
- Forbes: 4
- BW: 3
- FT: 3
- Economist: 4
How We Rank the Best MBA Programs in Actuarial Science
MBAGuide.org employs a comprehensive ranking methodology that combines quantitative data (80% of the score) with qualitative assessments (20%) to evaluate MBA programs. The quantitative component considers factors such as student-faculty ratio, tuition, enrollment, and post-graduation salaries, while the qualitative aspect incorporates editorial ratings and school reputation, providing a well-rounded view of each program’s quality and value.
Best MBA Programs by Concentration: Online and In-Person
- Accounting – Online | In-Person
- Actuarial Science – Online | In-Person
- Arts – Online | In-Person
- Business Administration – Online | In-Person
- Communications – Online | In-Person
- Consulting – Online | In-Person
- Corporate Finance – Online | In-Person
- Cybersecurity – Online | In-Person
- Data Analytics – Online | In-Person
- E-Commerce – Online | In-Person
- Economics – Online | In-Person
- Education – Online | In-Person
- Energy – Online | In-Person
- Engineering – Online | In-Person
- Entrepreneurship – Online | In-Person
- Ethics – Online | In-Person
- Finance – Online | In-Person
- Financial Management – Online | In-Person
- Global Management – Online | In-Person
- Healthcare Administration – Online | In-Person
- Hospitality Management – Online | In-Person
- Human Resources – Online | In-Person
- Information Systems – Online | In-Person
- Innovation Management – Online | In-Person
- Insurance – Online | In-Person
- International Business – Online | In-Person
- Law – JD MBA – Online | In-Person
- Leadership – Online | In-Person
- Management – Online | In-Person
- Manufacturing – Online | In-Person
- Marketing – Online | In-Person
- Non-Profit Management – Online | In-Person
- Operations Management – Online | In-Person
- Organizational Behavior – Online | In-Person
- Product Management – Online | In-Person
- Project Management – Online | In-Person
- Public Administration – Online | In-Person
- Quantitative Methods – Online | In-Person
- Real Estate – Online | In-Person
- Sports Management – Online | In-Person
- Statistics – Online | In-Person
- Supply Chain Management – Online | In-Person
- Sustainability Management – Online | In-Person
- Taxation – Online | In-Person
- Technology Management – Online | In-Person
What is an MBA in Actuarial Science?
MBA Programs in Actuarial Science are one of the most in-demand graduate degrees available today and offers students the chance to learn an effective, diverse mixture of management theory and applied strategies from communication and supply chain management skills to financial and marketing needs.
With a strong focus on applied sciences and business knowledge, MBA students experience real-world interactions with other students and professors, providing a sense of collaboration between students as they tackle different facets of business theory.
An MBA with a concentration in Actuarial Science an advanced graduate degree that helps students build the critical tools and framework necessary to lead, manage, and grow Actuarial Science-related businesses. Generally offered as a 2-year program, the majority of MBA programs require candidates to have at least 3 years of work experience before they begin the course work. Common program requirements include accepting at least one internship during the term, writing a thesis or capstone project reflecting on the student’s growth over the year, and passing an exit exam or comprehensive final examination.
What Can I Do With an MBA in Actuarial Science?
With an MBA in the highly sought after Actuarial Science sector, your career has few limits. You use the degree as a stepping stone to a variety of high-level roles in business or government and it opens up new career possibilities or advancement within your current role.
As business and industry demands change within the Actuarial Science sector, a graduate-level degree prepares you for taking on new challenges by preparing you with thinking and adaptation skills required in the every changing world of Actuarial Science.
An MBA in Actuarial Science prepares you for advanced career tracks within the sector including technical and business consulting, accounting, finance, human resources, marketing, and organizational leadership. The MBA is the degree of choice for world-class executives who have the knowledge and real-world experience to add value to their organizations and apply practical business solutions.
What Are Benefits of Earning an MBA in Actuarial Science?
- Increased Job Opportunities: What exactly will an MBA do for you? Mid- to upper-level management positions are available to you. Jobs that see fewer applicants, such as chief executive officer, are also open to you. Earning your MBA qualifies you for positions that range from department director to enterprise director and chief operating officer. Employment for MBA candidates is projected to increase by six percent per year over the next seven years. Three-quarters of employers say that they plan to hire MBA graduates in 2016, while ninety-two percent are increasing the number of MBA internships that they offer.
- Increased Earnings: A recent study showed that the average MBA graduate’s pay was 50% higher than their position before earning their degree. Even more impressive, in the five years after earning their MBA, the average pay increased by 80%. These figures clearly show the financial benefits of an MBA but they don’t address the personal satisfaction that comes with greater responsibility.
- Sharpen Your Professional Skills: As a graduate of an MBA program, you’ll develop the skills necessary to succeed in a competitive business environment. You’ll learn to think critically about problems, communicate effectively, work on a team and analyze complex financial data. You’ll also have access to some of the brightest minds and the latest resources in today’s business world.
- Greater Job Security: Today’s job market is more turbulent than ever before, filling many with uncertainty and fears of being left out. Earning an MBA not only increases your earning potential but also offers a foundation for greater career stability and security. With the marketable skills to lead teams, take initiative and make positive changes in companies, you can quickly establish a secure foothold in an otherwise shaky job market.
- Become a Respected Member of Your Business Community: Choosing to earn an MBA enables you to position yourself as a respected member of your business community. An MBA increases your professional vocabulary, enhances your strategic thinking and analytical skills, and gives you a broadened level of cultural knowledge. Whether you pursue a program that offers concentrations or one focused on leadership and global management, an MBA will give you the tools and resources you need to succeed.
What Skills Do I Need to be Successful In Actuarial Science?
According to a recent survey by the Financial Times, these are the top-five most important skills employers look for in MBA graduates:
- The Ability to Work with a Wide Variety of People: This attribute is important because not all of the people you are communicating with will have the same educational background, interests, or objectives. Your ability to work with a wide variety of people is what enables you to be a successful manager.
- Time Management and Ability to Prioritize: The ability to prioritize and manage time is one of the most important skills that any professional must master. As your career progresses, your work time will increase, but if you can’t manage your time well you’ll always be at risk of not meeting deadlines and expectation
- Understanding and Mastering the Digital Impact on Businesses: Due to this disruption in business models and processes, many companies have transitioned from analog organizations to digital organizations and individuals competencies in information technology are needed.
- Ability to Build, Sustain and Expand a Network of People: The ability to build, sustain and expand a network of people is one of the most valuable skills that a business manager can have. It’s not enough to know the technical aspects of your job. And it’s not enough to be passionate about your work. To succeed in this position as a business manager, you must also be able to build and sustain an effective network of contacts.
- Ability to Solve Complex Problems: Business management is often about conceiving a strategy that employs the best, most effective solutions to get a job done. The thought process behind solving a complex problem is much more complicated than solving a simple one–making it one of the top skills of modern business managers. Complex problems require the manager to think on their feet, and ask questions throughout the entire process.
What Typical Classes Will I Take in My Actuarial Science MBA Program?
Business schools typically offer programs that provide a comprehensive, rigorous training in business fundamentals and leadership. Full-time and part-time curricula exist, with part-time programs requiring students to balance school with full-time employment. As a student, you have the option of emphasizing an area of expertise by choosing a major or completing an integrated program. MBAs have flexibility in course selection due to the curriculum’s interdisciplinary nature; however, a typical curriculum has core courses, as well as required and elective courses in various disciplines.
Core Curriculum for MBA Programs
Typical core MBA classes will differ from program to program, however the following list gives you an idea of the kinds of classes you can expect as outlined in curriculum at Wharton MBA and Florida Atlantic University:
- Foundations of Teamwork and Leadership: Develop a leadership style that fits your situation. Learn the many aspects of teamwork and explore the key components of successful leaders.
- Marketing Management: The MBA program in Marketing Management trains students to apply analytical concepts and marketing tools to decisions like segmentation and targeting, branding, pricing, distribution, and promotion.
- Microeconomics for Managers: This course provides an introduction to microeconomics, which is the study of how the markets for goods and services operate. Topics covered include supply, demand, consumer behavior, market price and output, production, cost, simple competitive market equilibrium, simple monopoly pricing and output determination, price discrimination, and bundling.
- Advanced Microeconomics for Managers: Teaches microeconomic theory in a business setting. It helps readers learn how to use microeconomics to enhance decision making and to make more profitable business decisions. The book includes topics such as sophisticated pricing policies, transfer pricing, strategies for dealing with competitor firms, cooperation strategies, managing under uncertainty and more.
- Statistics and Regression Analysis for Managers: Work with two key statistical data methodologies including regression analysis and experimentation. Learn to apply these techniques to real-world situations.
- Management Communication for Speaking and Writing: Management Communication for Speaking and Writing (MBA) will help you strengthen your skills in persuasion, presenting confidently, and answering questions.
- Business Law and Applied Ethics: Businesses, non-profit corporations and governmental entities all engage in activities that can lead to legal disputes. Business Law and Applied Ethics provides an understanding of the principles that govern these disputes and how they apply to businesses. In addition, students will develop skills and tools to lead or manage a business while creating and maintaining an ethical environment.
- Financial Accounting: Financial Accounting provides a thorough overview of the theory, concepts, techniques, and applications that are necessary for understanding the accounting cycle, asset valuation, income determination, financial reporting, basic business taxes, and owner’s equity. This text is an ideal medium for lecturers to use for courses designed for graduate students lacking any previous course in accounting.
- Corporate Finance: Financial decisions are among the most important a corporation’s managers must make. Investment policy, financing policy and working capital policy all depend on a firm’s unique financial requirements and opportunities. Corporate Finance provides tools and applications of corporate financial analysis and forecasting, as well as discussion of the implementation of these policies in current business situations.
MBA Programs in Actuarial Science
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Rebecca Smith-Allen solved business problems across a variety of industries as a McKinsey consultant before discovering her true passion was writing. Now, Rebecca brings together her love of drafting clear, concise, and persuasive text with her business background as a freelance writer. She focuses on content management, website content, and boosting message visibility via social media. Rebecca earned her BA in Economics from Wellesley College and her MBA from the Tuck School of Business at Dartmouth. In her spare time, Rebecca writes young adult speculative fiction.
