Actuarial Science Degree from Drake University Return on Investment
See what the return on investment is for jobs that someone with a Actuarial Science degree from Drake University is likely to work in.
Top job projections for graduates in actuarial science from drake university
Actuaries
Projection Rating: B-
Median Annual Wage: $120,000
Percentage of Paycheck to Repay: 15.50%-11.53%
Employment Change: 6.6%
Entry-Level Education: Bachelor's degree
When considering a degree in actuarial science, prospective students often weigh the potential return on investment (ROI) of their educational choices. At Drake University, the actuarial science program stands out not only for its rigorous curriculum but also for the substantial ROI it offers graduates.
Drake University's actuarial science degree equips students with a robust foundation in mathematics, statistics, and financial theory, preparing them for a successful career in a high-demand field. Actuaries are essential in various industries, including insurance, finance, and consulting, where they apply analytical skills to assess risk and inform decision-making.
The ROI of a degree from Drake can be measured in several ways. First, graduates often secure well-paying positions shortly after graduation. According to recent statistics, new actuaries can earn an average starting salary significantly above the national average for recent college graduates. This competitive salary reflects the value that employers place on the skills and knowledge gained through Drake's actuarial program.
Moreover, the comprehensive support offered by Drake University, including career services and networking opportunities, enhances job placement rates. Alumni of Drake's actuarial science program have reported high levels of satisfaction with their career trajectories, further validating the program's effectiveness in fostering successful professionals.
In addition to immediate financial benefits, the long-term career prospects for actuaries are promising. As industries increasingly rely on data-driven decision-making, the demand for skilled actuaries is expected to grow. Graduates from Drake University are well-prepared to meet this demand, positioning themselves for advancement and increased earning potential throughout their careers.
Investing in an actuarial science degree from Drake University not only provides a solid educational foundation but also opens doors to a dynamic and rewarding career path. With strong earning potential, high job placement rates, and a growing demand for skilled professionals, the ROI of this degree is significant. Choose Drake University for your actuarial science education and set yourself on a path toward a prosperous future.
Disclaimer: The information provided is for general informational purposes only and should not be considered financial advice. Student loan situations can vary significantly based on individual circumstances, and decisions around deferment or forbearance can have lasting financial impacts. Before making any changes to your loan repayment plan, consult a qualified financial advisor or your loan servicer to understand the best options for your unique situation. This projection assumes you are taking out a Direct Subsidized loan (using the current federal interest rate) with a 12 year Standard Fixed repayment plan on the total yearly tuition (four years if Bachelor's degree, six for Master's degree and 12 for Doctorate) of your chosen institution. Our data is refreshed on a day to day basis and may not be accurate to real time. College numbers may not be 100% accurate and may not be the exact amount you will pay, it is advised that you consult a guidance counselor for that information. This software is not intended to replace a financial advisor.