Program Overview

Actuarial Science Program

The Actuarial Science program at the University of Missouri-Kansas City (UMKC) is designed to provide students with a comprehensive education in actuarial science, preparing them for successful careers in the field. Our students are on the leading edge of knowledge, discovering important new insights into technology and business, while developing mathematical, numerical, and statistical skills.

Program Details

• Program Type: Minor
• Academic Unit: School of Science and Engineering
• Standard credit hours: 25
• Delivery Mode: In-person
• Typical Program Length: 4 years
• Typical Course Load: 1-2 per semester
• Estimated Program Cost: $10,280 (all rates or costs are for illustrative purposes only)

Why UMKC

Our university is deeply integrated into the community, providing students with exclusive opportunities to connect with area employers, gain hands-on experience, and make an impact in their areas of interest. From academic and career advising to employment services and community partnerships, our award-winning faculty and staff deliver direction and support to help students succeed in their careers.

Career Opportunities

Actuary jobs are projected to grow faster than the average for all occupations according to the U.S. Bureau of Labor Statistics. Employment of actuaries is projected to grow about as fast as the average for all occupations. Job opportunities are expected to be strong, particularly for actuaries with expertise in data analysis, statistics, and computer programming.

Potential Careers

• Actuary
• Insurance underwriter
• Budget analyst
• Median salary/year: $125,777 (based on data from Lightcast.io for Actuaries)

Potential Courses

• Financial Management: Examine the relationship between business decisions and the value of the firm, as determined by the marketplace.
• Investments: Develop the theoretical framework necessary for a systematic approach to portfolio management.
• Statistical Models in Actuarial Science: Survey the statistical foundation of actuarial models and their applications.

Related Programs and Pathways

• Accounting (Major)
• Accounting (Master's)
• Business Analytics (Certificate)

Admission Requirements

To apply, students must:

1. Gather materials:

• Official transcripts
• Names and locations of previous college(s) or high school(s) and dates attended
• Citizenship, residency, and visa information (if applicable)
• ACT/SAT test scores (optional)

2. Complete the online application: No application fee for domestic undergraduate students — $75 for international students.
3. Check admissions requirements: Some programs have specific admission requirements.

Application Dates

• To start classes in Fall: Apply by June 15, classes begin in August.
• To start classes in Spring: Apply by November 15, classes begin in January.

Estimated Tuition Per Semester

• Resident Rate: $6,168 (per semester)
• Heartland Rate: $9,063 (per semester)
• Nonresident Rate: $16,090 (per semester) All rates or costs are for illustrative purposes only. Estimated cost is calculated by multiplying the appropriate 2025/2026 UMKC academic year resident rate by standard credit hours. Fees are NOT included in the calculation. Your hours and total costs may differ, depending on transfer hours, course choices, academic progress, program- and university-specific fees, and your qualified tuition rate. Learn more about tuition and financial aid. This rate calculation is based on a course load of 15 credit hours per semester.

Financial Aid

An amazing education shouldn't break the bank, which is why UMKC offers a number of automatic and competitive scholarships, grants, and other financial aid opportunities — plus financial guidance from expert advisors.

• 96% of first-time Roos who qualified for financial aid last year.
• $12,617 average need-based scholarship or grant awarded to first-year students.
• 80% of undergrads who received a scholarship or grant.