Actuarial science applies probability theory and risk management to the areas of life and health insurance, property and casualty insurance, pension plans, and other employee benefit plans. Students who seek a graduate degree in actuarial science may have earned an undergraduate degree in mathematics, finance, economics, computer science, or other related fields.
Risk analysts and actuaries, who evaluate the long-term financial impact of these plans on both the issuing company and the purchaser or beneficiary of the plan, are employed by insurance companies, consulting firms, large corporations and governmental agencies. The major in actuarial science emphasizes the mathematical theory that underlies risk evaluation.S
Our students and alumni pass actuarial exams at an impressive rate (more than 140 exams over a five-year period, an average of more than 28 exams per year).
Classes are small, with 10-25 students, which means you’ll receive personal attention.
Roosevelt has an inclusive and diverse community. Roosevelt hosts an annual Actuarial Science Career Fair for students to meet local employers and recruiters to learn about actuarial internships and positions, as well as a series of industrial speakers. Students attend regional conferences and shadow future employers.
Our actuarial science courses and degree programs (the BA, the BS and the MS) are designed with the requirements of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) in mind. The actuarial science courses in the curriculum cover the topics in the syllabi of the first set of SOA and CAS exams, and students take courses that fulfill the actuarial societies' requirements for Validation by Educational Experience (VEE). Students will have a chance to network with actuaries that are employed in the industry and learn about professional skills and culture. Students have the opportunity to work on an intensive modeling project with an industrial partner and to learn and apply multiple forms of statistical software.
We offer an active Math and Actuarial Science Club, which organizes study sessions, resume writing workshops, meetings with practicing actuaries, job shadowing and an actuarial career fair. We also offer a colloquium series in mathematics and statistics, a day-long conference (the Math x-Position) each fall, and the Roosevelt Lectures in Math each spring. Students attend and present at regional conferences.
Designation as an advanced program by the Society of Actuaries makes Roosevelt's actuarial science program attractive to academically strong students.