About This Program
Statistics is a science concerned with generating and analyzing data. Actuarial science applies statistical methods to assess risk in the insurance and financial industries.
Statisticians develop techniques to overcome problems in data collection and analysis. They use statistical methods to collect and analyze data and to help solve real-world problems in business, engineering, healthcare and other fields. For example, they design medical experiments to make sure that valid conclusions can be drawn about the use of medications, they suggest marketing strategies based on relatively small samples of consumers, and they decide what premiums to charge on insurance policies.
Statistics & Actuarial Science prepares you for careers in a wide variety of fields, from banking and government to health care.
Program Highlights
- Our undergraduates get one-on-one attention from our faculty and the added benefit of many dedicated and helpful graduate students acting as teaching assistants to help ensure student success
- Active learning environment
- Access to state-of-the-art instrumentation
- Focus on undergraduate teaching and research
Research & Experiential Learning
In addition to teaching, our faculty have active research programs and will partner with undergraduate and graduate students to give them the chance to conduct research, publish results and present their findings.
Student Internships
- UnitedHealth Group, Optum
- Allianz Investment Management
- Andersen Corporation
- Cargill
- Intact Insurance Specialty Solution
- Northern Technologies
- Securian Financial
- University of Minnesota Duluth
- HealthPartners Clinic Bloomington
- State of MN, Dept of Human Services
- RSM US
Potential Careers
- Data scientist
- Data analyst
- Statistician
- Actuary
- Financial analyst
- Quantitative analyst
- Risk manager
- Cryptographer
Scholarships
In addition to SCSE scholarships, department scholarships include: Mathematics and Statistics Faculty Scholarship in honor of William Lokke, Dr. Sylvan D. Burgstahler Memorial Scholarship, Barry R. and Kang Ling James Scholarship for Mathematics and Statistics, William and Rhonda Krossner Scholarship in memory of Professor Mark Kac, James L. Nelson Memorial Scholarship, UMD Lounsberry Scholarship, Robert L. Senkler Scholarship, Faculty Excellence Scholarships, and Grace Peterson Memorial Scholarship.
Get Involved
- Actuary Club
- Math Club
Requirements
Refer to the link below for more detailed information about the program, admission requirements, sample plans, and contact information.
Statistics & Actuarial Science B.S.