Bachelor of Statistics and Bachelor of Actuarial Science are two courses which require strong analytic skills—you must be good in mathematics. During studies, Bachelor of Actuarial Science is more difficult than Bachelor of Statistics. The pass rate for Actuarial professionals is lower than that of Statistics. It’s even easier to graduate with Statistics than Actuarial Science. To make matters worse, graduating with Actuarial Science degree is not enough to make you an Actuary, you have to pursue Actuarial certification which take more than 3 years to complete.
For a statistician, you are only required to be proficient in data analysis and the tools needed like R ,Stata and SPSS. Even the work of a Statistician is easier than that of an Actuary.
During early years of study in college, both courses look similar but as you advance, Actuarial becomes more complex and difficult than Statistics.
If you are planning to do any of these courses and you don’t want a difficult one, select Statistics. But when it comes to salaries, Actuarial Science pays better than Statistics. In a year,the salary of a Statistician is $80,000 while that of an Actuary is more than $120,000.
