Actuarial Science B.S. (Purdue degree)Offered by: Department of Mathematical Sciences The purpose of the undergraduate option in Actuarial Science is to introduce a career-focused area of curriculum concentration for mathematics majors.
Why choose this program?
The purpose of the undergraduate option in Actuarial Science is to introduce a career-focused area of curriculum concentration for mathematics majors.
What will you learn?
The Actuarial Science option provides students with the strong background in mathematics, statistics, and economics necessary to analyze financial risks. This concentration aims to prepare students for the first three actuarial examinations administered by the professional actuarial organizations. It also includes coursework satisfying two of the three VEE (Validation by Educational Experience) subjects required by the professional organizations' preliminary education structure.
What will you do?
What is an actuary?
"An actuary is a business professional who analyzes the financial consequences of risk. Actuaries use mathematics, statistics and financial theory to study uncertain future events, especially those of concern to insurance and pension programs. They evaluate the likelihood of those events, design creative ways to reduce the likelihood and decrease the impact of adverse events that actually do occur." --Society of Actuaries (www.soa.org)
What is the job outlook for actuaries?
Employment of actuaries is expected to grow by 27 percent between 2010 and 2020. Students with internship experience who have passed at least one actuarial exam while in school should have the best prospects for entry-level positions. The 2010 median pay for actuaries was $87,650 per year.
Student finds infinite value in mathematicsAnthony Aguilar Mathematics, Undergraduate