Actuarial Science is a discipline that combines tools from mathematics, statistics, finance, economics, and accounting to assess financial risks facing our society. Actuaries are professionals who measure, analyze, and manage financial risk and uncertainty. They often work in domains such as insurance (health, life, automobile, fire and liability), banks, federal and state pension programs, employee benefits departments, consulting, and generally any business organization which require financial risk analysis.
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Here are some key standard job qualifications required for a typical entry level actuarial position:
- Bachelor's degree in mathematics, economics, actuarial science, statistics or related field.
- Strong Word and Excel skills.
- Some computer programming knowledge (such as Access, SAS, SQL or other programming language).
- Commitment to take and pass actuarial exams, with preference given to candidates who have passed at least one exam.
CUA's Minor in Actuarial Sciences
Our Minor in Actuarial Sciences is a joint venture between the Mathematics Department and the Busch School of Business. The goal of this program is to prepare students to meet and exceed the typical requirements for an entry level position as an actuary. After completing the program, students will be qualified to take the first two actuarial exams.
The course requirements for the minor will vary depending on whether or not a student is enrolled in the Busch School of Business. To obtain a minor in actuarial sciences,
Math, Physics, and Engineering students must complete the following seven courses: Math 309, Math 431, Math 434, Econ 100, Acct 205, Fin 226, and Econ 363 with at most two that could double count towards their requirements for their major.
Business and Economics students must complete the following seven courses: Math 112/122, Math 309, Math 431, Math 434, Acct 205, Fin 226, and Econ 363/364 with at most two that could double count towards their requirements for their major.