MAJOR FINDER
Filter by College
Filter by Subject
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
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) |
