Actuarial Science Bachelor of Science
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What will I study?
The Actuarial Science major prepares a student with interest in the applications of mathematics to an increasingly broad class of business related problems through a thorough understanding of mathematics. A special emphasis is placed on fields pertinent to risk analysis (or actuarial science). Supporting the Mathematical Sciences Division goals, the program is sufficiently broad to allow students to continue with graduate studies in mathematics or actuarial science; however, students will also be prepared to seek jobs in industry or government upon graduation. This program requires 36 credits in the major and provides significant exposure to both theoretical and applied statistics as well as a broader exposure to foundational business principles.
Program Learning Outcomes
The student will ...
-- Solve problems using standard mathematical techniques.
-- Progress logically from premises to valid conclusions in a variety of mathematical and applied contexts including analysis, statistics (both theoretical and applied), probability and finance.
-- Apply mathematics to actuarial problems (such as financial math and probability modeling) in exercising the biblical mandate to have dominion over the earth.
-- Use technology as a tool for understanding as well as a labor-saving or problem-solving tool.
-- Construct a biblically consistent philosophy of topics encountered in actuarial science.
What classes will I take?
First Year +
Second Year +
- Calculus II
- Elementary Linear Algebra
- Theory of Interest
- Principles of Accounting I
- 200-level Bible Elective (1 credits)
- English Literature or Writing Elec (3 credits)
- Calculus III
- Actuarial Exam FM Preparation
- Hermeneutics
- Principles of Accounting II
- Fine Arts Appreciation Elective (2 credits)
- Computer Programming Elective (3 credits)
Third Year +
Fourth Year +
- Probability & Statistics I
- Economics for the Professional
- Apologetics & Worldview
- Mathematics Elective (3 credits)
- Probability & Statistics II
- Actuarial Exam P Preparation
- Upper-Level Bible Elective (2 credits)
- Philosophy or Psychology (3 credits)
Future Careers
As an Actuarial Science major, you will have the opportunity to go into industry or to go to graduate school before entering your career. Our graduates not only are readily accepted in most graduate schools, but also are eagerly recruited. Many graduates place at the top of their respective graduate classes.
The following are some opportunities available to you:
- Life insurance—actuarial science
- College teaching—several of our graduates have Ph.D. degrees and are teaching at major universities
- Statistician—used in quantitative management
- Government and Industry
- Computer science
- Law
Students can network with a variety of employers through our online placement service, CareerCentral. A multitude of employment opportunities are posted annually. In addition, over 60 businesses and 150 Christian schools/mission boards/Christian organizations come on campus to recruit students in a variety of majors through on-campus interviews and job/ministry fairs. The Career Services office also helps students by holding seminars on resume preparation and interview techniques.
Career Services can help you prepare for job hunting and networking with employers.
