Actuarial Science
Associate in Arts (Transfer)
This degree prepares students with advanced knowledge in mathematics, statistics, and financial theory to transfer to a four-year college or university to prepare for careers in the insurance industry.
24/7
support in the ICC Academic Support Center
Actuaries use mathematical, statistical, and economic models to design, price, finance, and operate benefit plans which protect people from risks of injury, illness, death, property damage, and the loss of income due to unemployment or retirement.
Admissions Office
Students completing the associate degree in Actuarial Science will be prepared to transfer to a four-year school to begin their junior year.
Network with other students through ICC student organizations including Rotaract, Student Government Association, and Phi Theta Kappa Honor Society.
Careers as an actuary working with health insurance, life insurance, property and casualty insurance, and pension and retirement benefits.
COMPLETION TIME
24 Months
if Full Time
4 Semesters
60 Total Credit Hours
What if I attend part-time?
Our Student Success Advisors help with an academic plan that works for you.
ESTIMATED COST
$9,920
+ supplies & fees
Based on 2022-23
What financial assistance can I receive?
Find the plan right for you by connecting with our Financial Aid office.
AVERAGE CLASS SIZE
25 Students
average per class
Small class sizes mean more individual attention and a higher rate of success.
View the College Catalog to see a complete list of classes for this program.
Meet Our Students and Alumni
Our faculty bring a wealth of experience to the classroom, and their priority is to help students learn about business.
Adam Saatkamp, Associate Professor, Business, Legal & Information Systems
How Do I Get Into the Actuarial Science Program?
Take your interest in mathematics and business to a challenging career as an actuary. Talk to an Admissions representative to learn how to get started.
- Complete our quick admissions application. It’s free and easy!
- Apply for financial aid (FAFSA).
- Apply for ICC Scholarships. Just 1 application for over 600 scholarships.
- Need help? Student success advisors are happy to assist.
- High school courses in English, advanced math, and business are helpful.
What Can I Expect As an Actuarial Science Student?
- Graduates will be prepared to pursue a bachelor’s degree in actuarial science.
- Opportunities to intern with local businesses.
- Careers in Actuarial Science are available with Central Illinois companies such as State Farm, Illinois Mutual, RLI, and Country Companies.
- Graduates have transferred to Illinois State University, the University of Illinois-Urbana-Champaign, and Western Illinois University.
How Am I Going to Manage This?
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What if I am working while going to school?
We have you covered. Many of our students are working adults who balance life and school. We have great resources on campus to help keep you going!
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What are my options for funding my education?
Do this first: fill out and file your FAFSA (Free Application for Federal Student Aid). Even if you don’t want federal aid, this document is used by many scholarship and grant programs to evaluate aid packages.
Look for scholarships and grants first because usually they don’t have to be paid back. The ICC Foundation sponsors some scholarships, and grants may be available from Illinois or federal programs. Other organizations also offer scholarships, and we can help you research those opportunities.
Federally guaranteed student loans can be a smart way to fund college. Think about your transfer plans and what your career looks like. Some sources recommend that you cap your borrowing at the level of what you (realistically!) can expect to earn at your first job after college. So, research careers and pay, too.
Of course, savings, jobs, and work-study are key parts of your budget. Your employer may offer tuition reimbursement. Find the tools to make a complete plan for paying for school.