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Actuarial manager education requirements
Updated January 8, 2025
4 min read
There are several educational requirements to become an actuarial manager. Actuarial managers usually study mathematics, finance, or management science. 63% of actuarial managers hold a bachelor's degree, and 35% hold an master's degree. We analyzed 54 real actuarial manager resumes to see exactly what actuarial manager education sections show.
The most common colleges for actuarial managers are the Carnegie Mellon University and the Carnegie Mellon University.
There are also many online actuarial manager courses to help get the education required to be an actuarial manager.
What education do you need to become an actuarial manager?
What degree do you need to be an actuarial manager?
- Bachelor's, 63%
- Master's, 35%
- Associate, 2%
What should I major in to become an actuarial manager?
- Mathematics, 38%
- Finance, 14%
- Management Science, 12%
- Statistics, 6%
- Other Majors, 30%
Most common colleges for actuarial managers
| Actuarial manager common college | Percentages |
|---|---|
| Carnegie Mellon University | 9.09% |
| University of Minnesota - Twin Cities | 9.09% |
| Indiana Institute of Technology | 4.55% |
| New York University | 4.55% |
| University of Connecticut | 4.55% |
Best majors for actuarial managers
| Rank | Major | Percentages |
|---|---|---|
| 1 | Mathematics | 38.0% |
| 2 | Finance | 14.0% |
| 3 | Management Science | 12.0% |
| 4 | Statistics | 6.0% |
| 5 | Computer Science | 6.0% |
Best colleges for actuarial managers
The best colleges for actuarial managers are Northwestern University, Carnegie Mellon University, and Johns Hopkins University.
An actuarial manager with advanced education typically earns a higher salary and has access to better jobs. That's why Zippia looked into the best colleges for actuarial managers. We based this list on several metrics: admissions rate, retention rate, mean earnings of graduates, the ratio of working vs. non-working students ten years after admission, the average cost of attendance, and median debt for graduates who become actuarial managers.
1. University of Notre Dame
Notre Dame, IN • Private
In-state tuition
$53,391
Enrollment
8,568
2. University of Pennsylvania
Philadelphia, PA • Private
In-state tuition
$55,584
Enrollment
10,764
3. Massachusetts Institute of Technology
Cambridge, MA • Private
In-state tuition
$51,832
Enrollment
4,550
4. Carnegie Mellon University
Pittsburgh, PA • Private
In-state tuition
$55,465
Enrollment
6,483
5. Harvard University
Cambridge, MA • Private
In-state tuition
$50,420
Enrollment
7,582
6. Northwestern University
Evanston, IL • Private
In-state tuition
$54,568
Enrollment
8,451
7. Columbia University in the City of New York
New York, NY • Private
In-state tuition
$59,430
Enrollment
8,216
8. University of California - Los Angeles
Los Angeles, CA • Private
In-state tuition
$13,226
Enrollment
31,568
9. Johns Hopkins University
Baltimore, MD • Private
In-state tuition
$53,740
Enrollment
5,567
10. New York University
New York, NY • Private
In-state tuition
$51,828
Enrollment
26,339
20 best online courses for actuarial managers
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7. Company Valuation & Financial Modeling
Learn comprehensive financial modeling, forecasting and business valuation techniques for Finance professionals...
8. Financial Analysis and Financial Modeling using MS Excel
Perform financial analysis & financial modeling using Microsoft excel. For people who want to become a Financial Analyst...
9. Excel Financial Modeling and Business Analysis Masterclass
Excel Financial Modelling from scratch: Financial Statements, Project Costing, Discounted Cash Flow (DCF), Accounting...
10. Excel Skills for Insurance Professionals
From Vlookups to Pivot Tables: Learn the Excel basics anyone working in the insurance industry needs to know!...
11. Financial Modeling & Fundamental Analysis
Complete A-Z of Financial Modelling (India Focused)...
12. Investment Analysis & Portfolio Management with Python
Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Python for Finance / Investing...
13. Investment Analysis & Portfolio Management - Core Finance
Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel® & Google Sheets...
14. Business Analysis - Data Modelling
How to analyse and model business data requirements...
15. Complete Financial Modeling for Project Finance in Excel
Learn Financial Modeling for Project Finance and Infrastructure Valuation ( DCF and IRR )...
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Learn how to make understanding financial statements your superpower!...
17. Financial Modelling, Financial Planning and DCF Valuation
How to create a startup or existing company financial model from scratch and carry out the DCF Valuation...
18. Financial Mathematics - Theory of Interest & Cashflow Models
By MJ the Fellow Actuary...
19. Statistical Data Analysis with SAS
Understanding the Data Flow in SAS: Learn SAS Programming from Data Importing, Management, Manipulation to Data Analysis...
20. Build Financial Models & Value Companies The Easy Way
I am an award winning finance professor with work experience modeling companies @Goldman Sachs, hedge fund Citadel & VC...
Top 10 most affordable universities for actuarial managers
The most affordable schools for actuarial managers are Baruch College of the City University of New York, university of florida, and california state university - long beach.
If the best universities for actuarial managers are out of your price range, check out these affordable schools. After factoring in in-state tuition and fees, the average cost of attendance, admissions rate, average net price, and mean earnings after six years, we found that these are the most affordable schools for actuarial managers.
1. Baruch College of the City University of New York
New York, NY • Private
In-state tuition
$7,262
Cost of attendance
14,046
2. University of Florida
Gainesville, FL • Private
In-state tuition
$6,381
Cost of attendance
21,034
3. California State University - Long Beach
Long Beach, CA • Private
In-state tuition
$6,798
Cost of attendance
18,306
4. California State University - Fullerton
Fullerton, CA • Private
In-state tuition
$6,886
Cost of attendance
17,645
5. Brigham Young University
Provo, UT • Private
In-state tuition
$5,620
Cost of attendance
18,136
6. Queens College of the City University of New York
Queens, NY • Private
In-state tuition
$7,338
Cost of attendance
14,281
7. Florida State University
Tallahassee, FL • Private
In-state tuition
$5,656
Cost of attendance
21,623
8. Florida International University
Miami, FL • Private
In-state tuition
$6,556
Cost of attendance
19,434
9. Brooklyn College of the City University of New York
Brooklyn, NY • Private
In-state tuition
$7,240
Cost of attendance
13,991
10. Hunter College of the City University of New York
New York, NY • Private
In-state tuition
$7,182
Cost of attendance
13,998
Top 10 hardest universities to get into for actuarial managers
The hardest universities for actuarial managers to get into are Northwestern University, Carnegie Mellon University, and Johns Hopkins University.
Some great schools for actuarial managers are hard to get into, but they also set your career up for greater success. The list below shows the most challenging universities to get into for actuarial managers based on an institution's admissions rates, average SAT scores accepted, median ACT scores accepted, and mean earnings of students six years after admission.
1. Northwestern University
Evanston, IL • Private
Admissions rate
8%
SAT average
1,508
2. Carnegie Mellon University
Pittsburgh, PA • Private
Admissions rate
17%
SAT average
1,507
3. Johns Hopkins University
Baltimore, MD • Private
Admissions rate
11%
SAT average
1,513
4. University of Pennsylvania
Philadelphia, PA • Private
Admissions rate
8%
SAT average
1,492
5. Columbia University in the City of New York
New York, NY • Private
Admissions rate
6%
SAT average
1,512
6. University of Notre Dame
Notre Dame, IN • Private
Admissions rate
18%
SAT average
1,502
7. Washington University in St Louis
Saint Louis, MO • Private
Admissions rate
15%
SAT average
1,506
8. Harvard University
Cambridge, MA • Private
Admissions rate
5%
SAT average
1,520
9. Massachusetts Institute of Technology
Cambridge, MA • Private
Admissions rate
7%
SAT average
1,545
10. Emory University
Atlanta, GA • Private
Admissions rate
19%
SAT average
1,449
Top 10 easy-to-apply-to universities for actuarial managers
The easiest schools for actuarial managers to get into are University of Houston - Downtown, kean university, and william paterson university of new jersey.
Some schools are much easier to get into. If you want to start your career as an actuarial manager without much hassle, check out the list of schools where you will be accepted in no time. We compiled admissions rates, average SAT scores, average ACT scores, and average salary of students six years after graduation to uncover which were the easiest schools to get into for actuarial managers.
1. University of Houston - Downtown
Houston, TX • Private
Admissions rate
83%
SAT average
1,012
2. Kean University
Union, NJ • Private
Admissions rate
86%
SAT average
991
3. William Paterson University of New Jersey
Wayne, NJ • Private
Admissions rate
93%
SAT average
994
4. San Francisco State University
San Francisco, CA • Private
Admissions rate
72%
SAT average
1,054
5. University of the Incarnate Word
San Antonio, TX • Private
Admissions rate
88%
SAT average
1,044
6. Rutgers, The State University of New Jersey - Camden
Camden, NJ • Private
Admissions rate
71%
SAT average
1,086
7. La Roche College
Pittsburgh, PA • Private
Admissions rate
99%
SAT average
1,008
8. Felician University
Lodi, NJ • Private
Admissions rate
81%
SAT average
999
9. Barry University
Miami, FL • Private
Admissions rate
91%
SAT average
1,006
10. Sonoma State University
Rohnert Park, CA • Private
Admissions rate
90%
SAT average
1,072
Average actuarial manager salary by education level
| Actuarial manager education level | Actuarial manager salary |
|---|---|
| Master's Degree | $113,146 |
| High School Diploma or Less | $61,885 |
| Bachelor's Degree | $89,598 |
| Doctorate Degree | $123,248 |
| Some College/ Associate Degree | $61,871 |
Actuarial manager education FAQs
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Updated January 8, 2025
Updated January 8, 2025