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Actuarial Sciences

College of Arts and Sciences

Actuarial Sciences

Modelling 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 
Mathematics & Economics

Areas of study

  • Linear Algebra
  • Probability and Statistics
  • Survival Analysis
  • Microeconomics
  • Macroeconomics
  • Econometrics
  • Financial Management
  • Database Design, Implementation and Management
  • Management Information Systems
     

Career Options

  • Actuary
  • Financial Analyst
  • Economic Analyst
  • Statistician
  • Professor
  • Management Consultant
     

Graduate Programs

  • Actuarial Sciences
  • Financial Mathematics
  • Economics
  • Business Schools
  • Statistics
  • Law

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 Program

Actuarial Sciences Club

Math Club

Putnam Competition

Mathematical Contest in Modelling

Sample Curriculum

FALL

MATH241 Calculus A                                          

ECON101 Microeconomics I                              

CISC106 Computer Science I                            

ENGL110 Freshman English                             

College Breadth Course                                     

First Year Experience                                                                                                        

SPRING

MATH242 Calculus B                          

MATH210 Discrete Math                     

CISC181 Computer Science II

ECON103 Macroeconomics I             

College Breadth Course

FALL                          

MATH243 Calculus C                          

MATH302 Differential Equations       

MISY330 Database Design                

ECON301 Microeconomics II             

College Breadth Course                     

SPRING

MATH350 Probability I

MATH349 Linear Algebra                   

ACCT207 Accounting I                        

ECON303 Macroeconomics II

College Breadth Course

FALL

MATH450 Statistics                                              

MATH426 Computational Math                         

FINC311 Principles of Finance                          

ECON422 Econometrics I                                   

Elective                                                   

SPRING

STAT621 Survival Analysis

MATH529 Optimization

FINC312 Financial Management      

ECON423 Econometrics II

Elective

FALL                          

STAT674 Database Management                                                                                   

FINC321 Insurance Planning                                                                                           

Second Writing Course                                                                                                     

MATH530 Mathematical Economics                 

Elective                                                                                                                                 

SPRING

Discovery Learning

FINC314 Investments                                          

STAT619 Time Series Analysis

MATH428 Computational Math II      

Elective

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Career Outcomes