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Actuaries are business professionals who quantify, model, and analyze risk in a business environment. Wherever risk or uncertainty is present, such as in the contexts of life, property or casualty insurance, health care, or in the financial management of pensions or annuities, actuaries are needed to understand and manage that risk. An actuary needs to have a solid grounding in the theory and applications of calculus, probability and statistics, mathematical finance including interest theory, and various mathematical modeling techniques. In addition to their mathematical analysis and problem-solving abilities, actuaries need to have excellent oral and written communication skills as well as a basic understanding of economics, finance, and corporate structure and decision making. An ideal actuary has mastery of technical mathematical material, can apply it in its proper context, and can communicate it to an appropriate audience. Career Opportunities The job of actuary is consistently rated very highly in terms of job satisfaction, salary, employment outlook, work environment, and growth opportunity. One can usually find it at or near the top of annual “best jobs†lists. Actuaries are in high demand and are most commonly employed in the insurance, financial services and health care industries as well as in government agencies. The numerous such companies present in the Springfield-Hartford corridor means that actuarial jobs are relatively plentiful, and even more opportunities are possible in the greater Boston and New York areas. Graduates of Western New England have obtained positions at many of these companies. Program Objectives The Actuarial Science major is housed within the Department of Mathematics and follows the educational recommendations of the two largest actuarial-related professional societies in the US: the Society of Actuaries (SOA) and the Casualty Actuary Society (CAS). A student who successfully completes the Actuarial Science major will: 1. Demonstrate knowledge of the foundational mathematical concepts needed for actuarial science. 2. Demonstrate the ability to communicate actuarial mathematics to an appropriate audience, in both written and oral form. 3. Demonstrate competence with software relevant to a career in actuarial science. 4. Demonstrate success in learning mathematical concepts independently.
Programme overview
Main Subject
Accounting and Finance
Degree
Other
Study Level
Undergraduate
Actuaries are business professionals who quantify, model, and analyze risk in a business environment. Wherever risk or uncertainty is present, such as in the contexts of life, property or casualty insurance, health care, or in the financial management of pensions or annuities, actuaries are needed to understand and manage that risk. An actuary needs to have a solid grounding in the theory and applications of calculus, probability and statistics, mathematical finance including interest theory, and various mathematical modeling techniques. In addition to their mathematical analysis and problem-solving abilities, actuaries need to have excellent oral and written communication skills as well as a basic understanding of economics, finance, and corporate structure and decision making. An ideal actuary has mastery of technical mathematical material, can apply it in its proper context, and can communicate it to an appropriate audience. Career Opportunities The job of actuary is consistently rated very highly in terms of job satisfaction, salary, employment outlook, work environment, and growth opportunity. One can usually find it at or near the top of annual “best jobs†lists. Actuaries are in high demand and are most commonly employed in the insurance, financial services and health care industries as well as in government agencies. The numerous such companies present in the Springfield-Hartford corridor means that actuarial jobs are relatively plentiful, and even more opportunities are possible in the greater Boston and New York areas. Graduates of Western New England have obtained positions at many of these companies. Program Objectives The Actuarial Science major is housed within the Department of Mathematics and follows the educational recommendations of the two largest actuarial-related professional societies in the US: the Society of Actuaries (SOA) and the Casualty Actuary Society (CAS). A student who successfully completes the Actuarial Science major will: 1. Demonstrate knowledge of the foundational mathematical concepts needed for actuarial science. 2. Demonstrate the ability to communicate actuarial mathematics to an appropriate audience, in both written and oral form. 3. Demonstrate competence with software relevant to a career in actuarial science. 4. Demonstrate success in learning mathematical concepts independently.
Admission Requirements
79+
6+
Applicants must have the official secondary school transcript(s). Other English Language Requirements: STEPEIKEN: Pre-1 or Pearson Test of English Academic (PTE Academic) score of 53. Students can also submit proof of completion of Level 112 at an ELS Language Center, completion of the level 7 at the International Language Institute in Northampton, MA, or completion of level 6 at Embassy CES. SAT I or ACT scores can be substituted for any of these scores as well.
Jan-2000
Tuition fees
Domestic
0 USD
International
0 USD
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
Bachelor of Science in Actuarial Science
Jan-2000Starting Month
Programme overview
Main Subject
Accounting and Finance
Degree
Other
Study Level
Undergraduate
Programme overview
Main Subject
Accounting and Finance
Degree
Other
Study Level
Undergraduate
Admission Requirements
Tuition fees
Domestic
International
Scholarships
Selecting the right scholarship can be a daunting process. With countless options available, students often find themselves overwhelmed and confused. The decision can be especially stressful for those facing financial constraints or pursuing specific academic or career goals.
To help students navigate this challenging process, we recommend the following articles:
How to get a full scholarship
Looking for a fully-funded scholarship to see you into university? Find out how to boost your chances of getting one.
Scholarships to study abroad
Find scholarships to study abroad with our lists of international scholarships – categorized by country, by subject, and by type of student.
Scholarship Applications: Frequently Asked Questions
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