10 Best Countries to Study Actuarial Science in 2025

Last Updated on June 20, 2025

Many Indian students want to study Actuarial Science, but face challenges like limited seats, tough exams, and a lack of clear guidance. That’s why more students are now looking at the best countries to study Actuarial Science abroad. But with so many options, it gets confusing—Which country has better jobs? Which one is affordable? This blog is the answer to all those questions. It explains the best countries to study Actuarial Science based on what Indian students really need—good education, strong job prospects, and simple pathways to settle or grow your career. If you’re serious about becoming an actuary, this blog will help you take the next step with clarity.

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Key Factors for Choosing the Best Countries to Study Actuarial Science Abroad!

While we will list the best countries to study Actuarial Science in this blog, the term ‘best’ can often be subjective and influenced by various personal factors. Let’s discuss these variables. 

1. Global Certification Support
2. High Graduate Employability
3. Affordable Tuition Fees
4. Internship & Job Access
5. PR and Work Visas
6. Top-Ranked Universities
7. Strong Actuarial Networks
8. Industry Collaboration Programs
9. English-Taught Degrees
10. Flexible Exam Pathways

Top Countries to Study Actuarial Science

The following are the 10 best countries to study actuarial science in 2025. Take note-

1. United States
2. United Kingdom
3. Canada
4. Australia
5. Ireland
6. New Zealand
7. Germany
8. Singapore
9. South Africa
10. Malaysia

10 Best Countries to Study Actuarial Science

United States 

Reasons why the United States is one of the best countries to study actuarial science abroad-

1. Top-Ranked Universities
2. SOA & CAS Support
3. High Salary Potential
4. Strong Job Market
5. STEM OPT Extension
   

United Kingdom

Reasons why the United Kingdom is one of the best countries to study actuarial science abroad-

1. IFoA Accredited Programs
2. Globally Recognised Degrees
3. Strong Actuarial Network
4. Shorter Course Duration
5. High Graduate Employability
   

Canada 

Reasons why Canada is one of the best countries to study actuarial science abroad-

1. SOA-Recognized Programs
2. Affordable Tuition Fees
3. Easier PR Pathways
4. Strong Job Market
5. Post-Study Work Visa

Australia 

Reasons why Australia is one of the best countries to study actuarial science abroad-

1. Actuaries Institute Accreditation
2. Globally Respected Degrees
3. Post-Study Work Rights
4. Top Universities Available
5. Strong Industry Integration

Ireland

Reasons why Ireland is one of the best countries to study actuarial science abroad-

1. IFoA-Linked Programs
2. English-Taught Degrees
3. One-Year Master’s Option
4. Booming Financial Sector
5. High Graduate Employability

New Zealand

Reasons why New Zealand is one of the best countries to study actuarial science abroad-

1. Globally Recognised Degrees
2. Actuaries Institute Pathway
3. English-Medium Programs
4. High Quality Education
5. Welcoming Immigration Policies

Germany

Reasons why Germany is one of the best countries to study actuarial science abroad-

1. Low or No Tuition
2. Strong Mathematical Programs
3. Globally Respected Degrees
4. DAAD Scholarship Opportunities
5. English-Taught Master’s Options

Singapore

Reasons why Singapore is one of the best countries to study actuarial science abroad-

1. Global Financial Hub
2. High Graduate Salaries
3. Top-Ranked Universities
4. Industry-Focused Curriculum
5. English-Medium Programs

South Africa

Reasons why South Africa is one of the best countries to study actuarial science abroad-

1. Affordable Tuition Fees
2. High Local Demand
3. Top-Ranked Actuarial Departments
4. English-Taught Courses
5. Growing Financial Sector

Malaysia

Reasons why Malaysia is one of the best countries to study actuarial science abroad-

1. Affordable Tuition Fees
2. English-Medium Programs
3. Globally Recognised Degrees
4. Growing Insurance Sector
5. IFoA & SOA Pathways

General Procedure for Applying to an Actuarial Science Program Abroad

Here are some general steps to follow while applying to an Actuarial Science program-  

1. Research and Shortlist Programs
2. Understand Admission Requirements
3. Prepare Application Materials and Documents
4. Submit Your Application
5. Prepare for Interviews (if required)

Conclusion

Choosing the ideal country for actuarial science studies involves balancing rankings, costs, and career opportunities. Let Admissify’s expert advisors personalise your journey with specialised guidance on applications, scholarships, and admissions. Comment on this blog to get in touch with us today!

FAQs

Which is the best country to study actuarial science?

The USA and UK are best, offering top programs, global certifications, and strong actuarial job markets with high salaries.

Which country has the highest demand for actuaries?

The United States currently leads, followed by the UK, Canada, and Australia, due to ageing populations and growth in the financial sector.

Who earns more, a CA or an actuary?

Actuaries often earn more in the long term, especially in developed countries; however, CAs in India can also earn highly in leadership roles.

What University is best for actuarial science?

The University of Waterloo (Canada), Heriot-Watt (UK), and Wharton (USA) are globally ranked for actuarial science programs.

Can Indian actuaries work abroad?

Yes, especially with IFoA, SOA, or IAI certifications. Many Indian actuaries work in the UK, Canada, the UAE, and Australia.

Which field of actuary is best?

Pensions, general insurance, and risk consulting are strong, but health and data-focused actuarial roles now offer the highest growth and demand.

Manasvi

Manasvi’s writing abilities stem from her previous experience working with bootstrap start-ups, advertising and PR agencies, as well as freelancing. She is currently employed as a Content Writer and Editor at Admissify, contributing to its thriving ecosystem.