Actuarial science
4 years- You study
- Mathematical statistics, Insurance mathematics
- Jobs
- Insurance actuary, Pensions actuary
- Average for the sciences field · Age 25–29
- 6,800SAR
Average monthly pay in the sciences field for Saudi bachelor’s holders, GASTAT Labour Force Survey 2024 (1445–1446 AH)3; many earn less. Pay in a first job is usually lower.
Forecasts published in other countries for the occupation Mathematicians, statisticians and actuaries: roughly stable (US Bureau of Labor Statistics, August 2026 (Safar – Rabi' al-Awwal 1448 AH); Employment and Social Development Canada, June 2025 · Dhu al-Hijjah 1446 – Muharram 1447 AH)1,2. They are not a forecast for the Saudi market, nor by DataPulse.
Where is Actuarial science taught?
Taught at 11 universities: 10 government and 1 private.
Riyadh
- Imam Mohammad Ibn Saud Islamic UniversityGovernment · men and women
- King Saud UniversityGovernment · men and women
- Princess Nourah bint Abdulrahman UniversityGovernment · women
- Prince Sultan UniversityPrivate
Makkah
- Umm Al-Qura UniversityGovernment · men and women
Madinah
- Islamic University of MadinahGovernment · men
- Taibah UniversityGovernment · men
Qassim
- Qassim UniversityGovernment · men and women
Eastern Province
Asir
- King Khalid UniversityGovernment · men and women
Jazan
- Jazan UniversityGovernment · men and women
From university pages, admission guides and the Ministry’s Study in Saudi platform4. Gender is tagged where the university publishes it per programme.
What do Actuarial science students learn?
Price insurance and pensions and measure risk with mathematics and statistics.
- Mathematical statistics
- Insurance mathematics
- Risk models
- Statistical programming
In Arabic: العلوم الاكتوارية
How many years is Actuarial science?
4 years. The length may differ between universities depending on the foundation year.
What jobs do Actuarial science graduates do?
Examples of graduates’ jobs, not a full or ranked list. A job is an occupation; the major is one route to it:
- Insurance actuary
- Pensions actuary
- Risk analyst
- Insurance data analyst
What do Actuarial science graduates earn?
GASTAT does not publish pay for each major; this is the average for the “Natural sciences, mathematics and statistics” field among Saudi bachelor’s holders, 2024 (1445–1446 AH)3.
What is unemployment in the sciences field?
Unemployment among Saudi graduates of the field (bachelor’s, all ages)3:
For the whole field, not this major alone. Past measurement, not a forecast.
Why is Actuarial science listed?
Example programmes abroad
- University of Waterloo, Bachelor of Mathematics in Actuarial Science
- Heriot-Watt University, BSc (Hons) Actuarial Science
- Actuary jobs in the United States are projected to grow 9% between 2025 (1446–1447 AH) and 2035 (1456–1457 AH), with median pay of 130,000 dollars.5
References
- US Bureau of Labor Statistics, employment projections for “Actuaries” (BLS 15-2011), 2025–2035 (1446–1457 AH).
- Employment and Social Development Canada, Canadian Occupational Projection System, “Mathematicians, statisticians and actuaries” (COPS 21210), 2024–2033 (1445–1455 AH).
- General Authority for Statistics (GASTAT), Labour Force Survey: Saudi bachelor’s holders in “Natural sciences, mathematics and statistics”, 2024 (1445–1446 AH).
- Programme pages on university websites, last checked 26 October 2026 (15 Jumada al-Ula 1448 AH).
- US Bureau of Labor Statistics, Occupational Outlook Handbook, 2025 (1446–1447 AH).