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Actuarial Sciences

Graphs written on whiteboard | actuarial sciences

MODELING AND PRICING RISK

The management of uncertainty and risk is a crucial undertaking for many companies. Once limited to the insurance field, actuaries now help companies in all areas where modeling and risk management play an important role. Actuaries model claims risk for insurance companies, build models of loan defaults, price options in financial markets, predict the value of economic variables, estimate the risk and cost of adverse events and so much more. An actuarial science major trains to mathematically model uncertainty and risk. Surveys show that actuaries have one of the highest job-satisfaction ratings with challenging work, high financial compensation and strong job security.

 

RELATED MAJORS

Mathematics & Economics

Applied Mathematics

Mathematics

AREAS OF STUDY

  • Mathematical Finance
  • Probability and Statistics
  • Optimization
  • Survival Analysis
  • Micro and Macroeconomics
  • Econometrics
  • Financial Management
  • Database Design

CAREER OPTIONS

  • Actuary
  • Enterprise Risk Manager
  • Financial Analyst
  • Economic Analyst
  • Data Scientist

GRADUATE PROGRAMS

  • Finance
  • Financial Mathematics
  • Data Science
  • Statistics
  • MBA

What’s special about this program?

We are one of a select group of universities offering a dedicated undergraduate degree in Actuarial Sciences. Due to the interdisciplinary nature of our curriculum, our graduates are prepared to take at least the first two actuarial exams before they graduate and have completed their Validation by Educational Experience requirements mandated by the Society of Actuaries.  However, our students also have a strong mathematical background, which can also lead to positions in other fields. We have an actuary-oriented student club and a LinkedIn group where students and alumni can network regarding exams and careers. Our Career Services Center helps students in this program obtain summer actuarial internships and the alumni of our program recruit our students for summer internships.

Get involved

Undergraduate Research

Honors College

Actuarial Sciences Club

Math Club

Putnam Competition

Mathematical Contest in Modelling

Sample Curriculum

FALL

CISC106

General Computer Science for Engineers

 

ECON101

Introduction to Microeconomics

 

University Breadth Requirement (1/4)

Group A: Creative Arts and Humanities

 

University Breadth Requirement (2/4)

Group B: History and Cultural Change

 

First Year Seminar

 

 

SPRING

CISC181

Introduction to Computer Science II

 

ECON103

Introduction to Macroeconomics

 

ENGL110

Seminar in Composition

 

MATH210

Discrete Mathematics I

 

MATH242

Analytic Geometry and Calculus B

 

FALL

ECON301

Quantitative Microeconomic Theory

 

MATH243

Analytic Geometry and Calculus C

 

MATH349

Elementary Linear Algebra

 

MATH350

or

STAT470

Probability Theory and Simulation Methods

or

Probability Theory in Statistics

 

University Breadth Requirement (3/4)

Group A: Creative Arts and Humanities

 

   

SPRING

ACCT207

Accounting I

 

ECON304

Quantitative Macroeconomic Theory

 

MATH302

Ordinary Differential Equations

 

MATH450

or

STAT471

Mathematical Statistics

or

Mathematical Statistics

 

University Breadth Requirement (4/4)

Group B: History and Cultural Change

 

FALL

ECON306

Introduction to Economics

 

FINC311

Principles of Finance

 

MATH426

Computation Mathematics I

 

MISY330 Database Design and Implementation

Multicultural Requirement

 

 

SPRING

ECON422

Econometric Methods and Models I

 

FINC312

Intermediate Financial Management

 

MATH529

Optimization Theory

 

STAT621

Survival Analysis

 

Free Elective (1/7)

 

 

FALL

STAT674

Applied Database Management

 

Free Elective (2/7)

 

 

Second Writing Requirement

 

 

Free Elective (3/7)

 

 

Free Elective (4/7)

 

 

SPRING

Discovery Learning Experience

 

 

MATH420 or MATH620

Introduction to Mathematical Finance

 

Free Elective (5/7)

 

 

Free Elective (6/7)

 

 
Free Elective (7/7)  

Go Global at UD

This major is eligible for the following program:

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