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Actuarial Sciences Degree

Bachelor of Arts with a Major in Actuarial Science
Interested in a Data Analytics Certificate?

From Math Class to Dream Job

At UMF, our Actuarial Science program gets you career-ready for one of the top jobs in America—combining math, stats, and problem-solving into a high-paying, in-demand career.

Being an actuary is one of the best careers you’ve probably never heard of. With only about 30,000 actuaries in the U.S., demand is high, the pay is great, and job growth is expected to soar.

Actuaries use math, stats, and problem-solving to tackle real-world challenges in insurance, finance, consulting, and government. You can earn a six-figure salary—without grad school—if you love math and want a career that’s both challenging and rewarding.

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Professor helping a student working on a laptop
Professor helping a student working on a laptop

The Learning Experience

At UMF, you’ll build a strong foundation in mathematics, statistics, finance, and economics while developing the analytical and problem-solving skills actuaries use every day. Courses such as Actuarial Probability, Statistical Models, Data Mining, Data Analysis, Interest Theory, Intermediate Microeconomic Theory, and Financial Accounting prepare you to evaluate risk and make data-driven decisions.

Small class sizes, personalized faculty mentorship, and hands-on projects help you apply classroom learning to real-world financial and insurance challenges. The curriculum prepares you for the first two professional actuarial exams, with UMF students consistently achieving pass rates above the national average, while internship opportunities provide valuable professional experience before graduation.

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Why UMF for Actuarial Science

Exceptional Value

Earn a high-quality education at an affordable cost. With competitive tuition, generous financial aid, and strong career outcomes, UMF offers an excellent return on your investment.

Real-World Experience

Apply your skills through hands-on data analysis projects and internship opportunities with insurance companies, financial institutions, and government agencies, helping you build your résumé before graduation.

Personalized Faculty Support

Learn in small classes where faculty know you by name and provide individualized guidance, academic support, and career mentoring throughout your journey.

Internship Opportunities

At UMF, you’ll gain firsthand experience in the actuarial field while building valuable professional skills and a strong network of industry contacts.

Our students have interned with organizations such as Unum Insurance, Epic RPS Financial, BerryDunn Assurance, Tax, and Consulting, Sun Life Financial, Elevance Health, the Maine Bureau of Insurance, Hannaford Supermarket Labor Productivity Group, Maine Department of Health & Human Services, and the Maine Health Research Institute, among others.

The program stays closely connected to industry through an Actuarial Advisory Board made up of practicing actuaries from across Maine. Graduates are well prepared for careers in actuarial science, insurance, finance, consulting, and government, as well as related roles such as data analyst, risk manager, and financial analyst.

Faculty That Move You Forward

You’ll learn from faculty with deep expertise in mathematics, statistics, and applied analytics who are committed to your success in the actuarial field.
Questions? Ask a Professor!
Lori Koban
Lori Koban

Professor of Mathematics

About Lori
Nicholas Koban
Nicholas Koban

Professor of Mathematics

About Nicholas
Peter Hardy
Peter Hardy

Associate Professor Mathematics

About Peter

Contact Us to Get Started!

Office of Admissions
246 Main Street
Farmington, Maine USA 04938-1994
umfadmit@maine.edu
207.778.7050
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