Actuarial Science is an interdisciplinary field that uses mathematics, statistics, economics and business to analyze the financial costs of risk and uncertainty. Actuaries are essential to the insurance industry and have among the best job outlooks of any profession.
The Actuarial Science emphasis provides a strong mathematical background that emphasizes topics in statistics and probability with supplementing courses in business and economics. The coursework in this program prepares students for the first actuarial exam in probability (SOA exam P) and provides much of the background needed for the second exam in financial mathematics (SOA exam FM). Most Actuarial Science students are able to pass the first professional certification test before they graduate.
Careers & Opportunities
According to the Bureau of Labor Statistics, Actuarial jobs will grow 22 percent by 2026, which is much faster than the national average. Actuaries work with other professionals in a variety of fields, including:
- Enterprise risk management
- Health insurance
- Life insurance
- Market research
- Pension and retirement benefits
- Property and casualty insurance
Reach out to Robert A. Cohen, Ph.D. for more information.