The Society of Actuaries (the leading professional organization for actuaries in North America) designated Roosevelt’s Actuarial Science Program as a UCAP (Universities and Colleges with Actuarial Programs) Advanced Program. This higher level of recognition affords Roosevelt increased funding for student reimbursement for required actuarial exams, exam study materials, on-campus student event programming, and student travel to conferences.
“The new designation and the associated funding makes Roosevelt’s actuarial science program more attractive to a population of academically strong students,” says Professor Melanie Pivarski, Chair of the Department of Mathematics, Economics, and Actuarial Science. “We have an extremely talented and dedicated group of students at Roosevelt, which leads to rich classroom and extracurricular experiences for all involved.”
The next step for Roosevelt’s Actuarial Science Program is to obtain the highest level of recognition from the Society of Actuaries – designation as a “Center of Actuarial Excellence (CAE).” There are currently no programs with this distinction in Chicago and only two others in Illinois. “We are working diligently towards this recognition through faculty and student development, interactions with companies and professional organizations, and the help of our alumni,” says Pivarski. “The CAE process provides a framework for us to improve our curriculum and increase student opportunities. Although we are already excellent, we are moving toward a future where we will achieve the Center of Actuarial Excellence designation. We're grateful for the support of our alumni and industry partners.”
For more information about Roosevelt’s actuarial science program, read “Counting on the Future” from the fall, 2016 Roosevelt Review.