Actuarial Science Concentration

Actuarial Science Concentration

Apply your aptitude in mathematics and your problem-solving and critical thinking skills to a challenging, creative, and rewarding career.

Enroll today in the Mathematics Bachelor of Science with an Actuarial Science Concentration program.

What is Actuarial Science?

It is a multi-faceted degree that brings together mathematics, statistics, computer science, economics, and finance.

What do actuaries do?

  • Apply mathematical, analytical, and business skills to solve financial and social problems
  • Develop models to estimate the financial impact of risk and uncertainty
  • Act as key players in management teams that help insurance companies, financial institutions, health care industries, and government agencies plan for the future

Why choose a career in the actuarial field?

Actuary is consistently rated as one of the best jobs in America in terms of work environment, employment outlook, job security, growth opportunity, and salary.

  • Employment of actuaries is projected to grow 18 percent through 2024, much faster than the average for all occupations
  • According to a 2016-2017 PayScale study, actuarial science is the 3rd highest paying major with a bachelor’s degree
  • The median annual wage for actuaries was $96,700 in May 2014
  • Salaries for beginning property and casualty actuaries with less than one year of experience, who have passed the first two actuarial exams, range between $57,000 and $73,000

Benefits of USJ’s program:

  • Housed in the Department of Mathematical Sciences, the program offers a curriculum that cultivates strong analytical, logical, and problem-solving skills
  • The curriculum follows the recommendations of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS), the two largest professional actuarial organizations in North America
  • Competency in the use of mathematical concepts and procedures 
  • Proficiency with modern mathematical technology tools
  • Preparation for actuarial science certification with the goal of passing the first two actuarial exams administered by the SOA and CAS before graduation
  • A well-rounded liberal arts education that teaches critical thinking and communication skills
  • Real world experience through internships with insurance companies in the Hartford area, the “Insurance Capital of the World”
  • Opportunity to develop a strong business background with a minor in Management or Accounting