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Bachelor of Science in Business Administration with a major in Actuarial Science (STEM) Drake University Drake University, USA

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USD 51444

Annual Tuition Fee

!
*Subject to change and other fees
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 Free

Application Fee

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48 months

Duration

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6

IELTS

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71

TOEFL

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70%

Min GPA

Program Overview

The actuarial science program strives to provide high-quality undergraduate-level preparation for students planning careers in the actuarial profession. Students will be thoroughly grounded in the technical skills required for actuarial work and will also be prepared to be business leaders in the financial services industry.

Graduates of the program should clearly meet the entry-level expectations of the leading insurance companies and consulting firms. As such, they should be prepared to be successful on the early professional examinations of the Society of Actuaries and the Casualty Actuarial Society. In addition, they should understand the manner in which this knowledge relates to the business of insurance and be able to solve less structured problems and coherently present their solutions.

The available courses prepare students for the first five examinations of the Society of Actuaries and the first four of the six exams of the Casualty Actuarial Society. These courses also enable students to obtain credit for three Society of Actuaries exams (FE, SRM, and FAM) and the three ‘Validation by Educational Experience’ subjects. Students typically are ready to take their first examination after two or three semesters and their second exam after three or four semesters.

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Additional Information

Program Level 4-Year Bachelor's Degree

College/University Processing Time 14 Days

Program Format Full-Time

Optional Practical Training (OPT) work permit

Program Intake

Open

Jan 2026

Closed

Aug 2025

General Admission Requirement

    Academic Requirement

    • Minimum Level of Education Required: To be accepted into this program, applicants must have Grade 12 / High School Diploma.

    6 IELTS Score
    71 TOEFL Score Minimum Overall Score
    48 PTE Score Minimum Overall Score
    105 Duolingo Minimum Overall Score
    1220 Sat Minimum Overall Score
    70% CGPA Minimum Overall Score

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    Tuition Fee

    The values given below are estimated figures, excluding extra charges like material fee, student activity fees, athletic fees, health care, etc., for courses. To know more, please visit the page.

    Average Tuition Fee Per Year

    51444

    Tuition Fee
    (USD)

     Free

    Application Fee
    (USD)

    11000 Per year

    Average Cost of Living
    (USD)

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    The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

    for more information about funding options.

    Scholarships

    Presidential Scholarship & Need-based scholarships

    Scholarship Information: 

    • Presidential Scholarship: $29,444
    • Tuition Fee after Scholarship: $22,000
    • All admitted students are guaranteed the scholarship. The students may also apply for additional need-based scholarships for up to $6,000 while submitting the application.
    • The scholarship is renewed every year if the student maintains good academic standing.

    Amount/ Range:

    • Presidential Scholarship: $29,444
    • need-based scholarships for up to $6,000
       

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