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Master’s Degree In Actuarial Science

As an actuarial science major, you will have the opportunity to participate in the shadow program, which allows you to follow a working actuary for a day to gain firsthand experience in the field. Paid internships at major insurance companies and consulting firms are also available to students who qualify. Actuaries are business professionals who use their knowledge of mathematics, statistics, economics, and finance to analyze and solve problems related to managing risk. Actuaries are commonly employed in the insurance, financial services, and healthcare industries and in government agencies. And with so many companies in the Hartford-Springfield area that employ actuaries, Western New England University is an ideal place to study actuarial science.

Rider actuarial science graduates can be found in gratifying careers as actuaries, analysts, consultants, underwriters, brokers and senior executives with national and regional industry leaders in consulting, health care, insurance and finance. Make a difference with your skills, helping companies and individuals maintain sound finances. Actuaries use mathematics and statistics to evaluate probabilities and to manage the risks associated with possible scenarios. Employment opportunities for actuaries exist throughout the financial services sector of the economy, especially in the insurance industry, but also in commercial and investment banking, retirement-fund management, and more. Actuarial Science is a discipline that assesses financial risks in the insurance and finance fields using mathematical and statistical methods.

The actuarial science major is housed in the Department of Mathematics but offers interdisciplinary experience to all students. The intent of the program is to prepare students for careers as actuaries, who assess risk and operate in variety of insurance, financial and consulting environments. Admission to the actuarial science program requires completing prerequisite courses in calculus, computer science, linear algebra, probability, statistics, economics, and financial mathematics.

Actuarial science is quantification of risk – actuaries use tools from statistics, economics and finance to measure and quantify risk. Actuaries are in demand because they are experts in assessing and managing risk. The actuarial curriculum at Illinois will prepare you for a rewarding career in the financial services industry or a related field. Individual employers who need guidance in establishing employee insurance and retirement programs also hire actuarial science graduates. A growing number of actuaries work in asset/liability management, some in investment firms, and others in insurance companies. Admission to the actuarial science program is selective due to the demanding nature of the professional exams required to become an actuary.

Students who plan to study abroad should meet with their advisers as soon as possible to discuss their options. Several courses are part of sequences, and students are advised to take those entire sequences at Arcadia. An introduction to the principles of financial management and the impact of financial markets and institutions on that managerial function.