If you want to major in math, but also want a clear, career-focused curriculum, consider adding a concentration in actuarial science to your plan of study.
Pairing a B.S. in math with this concentration will prepare you to calculate and assess the likelihood of risk, the costs of risks, and develop policies to minimize risk. Types of risks could include transportation accidents, illness, consumer demand, and investments, among many others.
You’ll also gain valuable knowledge about economics, finance, accounting, risk management, statistics, economics, and other subjects.
Actuaries use strong analytical skills, knowledge of specific industries or businesses, and understanding of human behavior to predict and manage risk based on statistics, numbers, and data.
They study ways to reduce the negative impacts of risk, which is the chance that something bad or undesirable will happen or the likelihood that a positive outcome will result.
According to the U.S. Department of Labor’s Bureau of Labor Statistics:
If you pursue a concentration in actuarial science at Marian University, you’ll complete courses such as:
Actuaries are essential members of the insurance industry. Most work in health/life/property insurance, pension management, financial management, and related fields.
Like lawyers, doctors, nurses, teachers, and many other professionals, you must pass a set of professional examinations to become a certified actuary. Once you’ve earned your bachelor’s degree, you can become certified through the Casualty Actuarial Society (CAS) and Society of Actuaries (SOA).
Most graduates work as actuaries before completing one of these exam. Many employers will pay for employee exam fees, make arrangements for flexible internship opportunities, and even award raises for each exam passed. Some students who know they want to become an actuary take the exams while still in college.
Job titles held by actuaries include:
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*Placement rates are gathered from data collected from graduates within six months of graduation.
Students may make a complaint to the Indiana Commission of Higher Education.
Marian University is sponsored by the Sisters of St. Francis, Oldenburg, Indiana.
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