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Actuarial science degree
Classes & Curriculum
Actuarial science is used to apply complex mathematics in order to create models that represent the uncertainty of any given situation. Both statistical and mathematical methods are used to evaluate the level of risk involved in certain types of transactions. Individuals who work within this field must prove they possess the skills that will be needed to be proficient within the field. In the past (prior to the 1980s), most of this work was done by hand. When computers became more readily available, the older methods associated with actuarial science were blended in with theories that had to do with finance and insurance. Best degree for actuary According to the Bureau of Labor Statistics, employment of actuaries is projected to grow 24 percent from 2020 to 2030, faster than the average for all occupations.
Bachelor's in actuarial science
Study the key concepts of insurance, risk management, and interest theory. Solve conceptual and computational problems. Learn to price risk to determine premiums, analyze data, determine suitable models and parameter values, and provide measures of confidence. Calculate present and accumulated values for various streams of cash flow. Why Study Actuarial Science at St. Thomas? The Department of Mathematical Sciences offers undergraduate degrees in actuarial science and mathematics, with concentrations in business, computation, life sciences, physical sciences, secondary teaching, and statistics, plus a general, self-designed concentration. The department also offers the Master of Arts in Mathematics with concentrations in college teaching and secondary teaching.
First Two Years—Starting in MA 360 and MA 107 or MA 208
Learn more about the required courses for the Actuarial Science Major program. Actuarial Science Degrees Online B.S Actuaries work for life, health, and property/casualty insurance companies, as well as for consulting firms, government agencies, accounting firms, industrial corporations, banks, and financial services companies. They use mathematics, statistics, and financial theory, defining the financial impact of uncertain events—from catastrophes to rates of mortality, disability, and fertility—allowing businesses to adjust their long-term management strategies accordingly.