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Actuarial Science (Bachelor of Arts, Bachelor of Science, Master of Science*) *M.S. in Mathematics has a concentration in Actuarial Science available Career Opportunities Are you interested in business? Do you enjoy mathematics? A strong background in mathematics is essential for persons interested in a career as an actuary. The most recent edition of the Jobs Rated Almanac (2002) rated Actuary as the number two job in America. It has been near or at the top of their list for more than a decade. A career as an actuary offers you the chance to: be a business leader; enjoy the reputation as the “brains of the business”; develop your analytical and mathematical skills in a practical way; earn a high starting salary with potential for excellent lifetime earnings; choose your direction according to your abilities and interests . It is an advantage to pass, while still in school, two or more of the examinations offered by professional actuarial societies. Two professional societies sponsor programs leading to full professional status in their specialty. The Society of Actuaries (SOA) gives a series of actuarial examinations for the life and health insurance, pension, and finance and investment fields. The Casualty Actuary Society (CAS) gives a series of examinations for the property and casualty field, which covers risks such as fire, accidents, medical malpractice, and personal injury liability. Because the first parts of the examination series of each society are jointly sponsored and cover the same material, students need not commit themselves to a specialty until they have taken the initial examinations. These examinations test an individual's competence in subjects such as probability, risk management, and actuarial mathematics. The first examinations help students evaluate their potential as actuaries. Those who pass usually have better opportunities for employment and higher starting salaries. Both societies also require supporting course work or examinations in economics, finance, and applied statistics. As described in the Occupational Handbook of the U.S. Bureau of Labor Statistics, actuaries answer questions about future risk, make pricing decisions, and formulate investment strategies. Any time a company must decide whether to pursue a course of action involving substantial financial risk, they need to consult an actuary. An actuary uses quantitative tools to analyze and plan for future financial situations, such as determining an appropriate price for a company that is about to merge with another business or designing a retirement plan for a company. In addition to insurance companies, actuaries work in government, banks, financial planning and investment companies, consulting firms, public accounting firms, large industrial corporations, and labor unions. Our Actuarial Science courses and degree programs are designed with the requirements for certification by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) in mind. See exam preparation for more information about how our courses can be used to prepare for the societies' exams and to satisfy their VEE requirements. Both the B.S. and the B.A. are available in actuarial science. At the graduate level an M.S. in mathematics with a concentration in actuarial science is available. Requirements for the major for the bachelor's degrees
and two additional courses from the following list:
Both the B.A. and the B.S. degrees require a minor in Business Request Further Information
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