Department of Mathematics and Philosophy

Bachelor of Science in Mathematics, Option D - Actuarial Science

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Starting Fall 2020, we are offering a new option within the major: Actuarial Science. Actuaries' work is essential to the insurance industry and the typical entry level education requirement is a bachelor's degree. Actuarial science is consistently rated as one of the best jobs in America, with an unemployment rate as low as 1.4 percent. A recent report released by Bankrate.com ranked actuarial science the most valuable college major.

Most nonacademic areas of employment, that require or favor a mathematics major, do so because of quantitative applied mathematics and/or statistics requirements. An actuary is a highly specialized professional who combines mathematics and statistics with business acumen to analyze and solve business, financial, and social problems to manage risks. Actuary jobs during 2016--2026 are expected to grow as much as 22%, significantly faster than the average growth rate for all occupations (about 7%).

Curriculum

In addition to mastering the core courses, required for all Mathematics options, students in this option complete courses in mathematical modeling, financial mathematics, and probability and statistics. The courses cover the learning outcomes for Exam P (Probability) and Exam FM (Financial Mathematics). Sample Degree Program.