Mathematics with a Concentration in Actuarial Science, B.S.
Apply your aptitude in mathematics to a challenging career in Actuarial Science
- 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 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
What is actuarial science and what do actuaries do? Actuaries are professionals trained in mathematics, statistics, economics, and finance to solve problems involving long-term financial impacts on future events. Their skills are greatly valued by organizations that need to quantify financial risks. 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 actuarial profession is one of the most respected, well-compensated and rewarding fields today. It is consistently rated as one of the best jobs in America based on factors such as job environment, salary, employment outlook, stress level and growth opportunities. The Actuarial Science program at the University of Saint Joseph will give you the knowledge and skills necessary for meeting the demands of an actuarial career. You will be prepared to pass actuarial exams and stand out as a candidate for summer internships.
The actuarial science concentration has helped me tremendously during my time at USJ. In less than two years, I have been able to experience and learn many things about this profession both in and out of the classroom. One thing that stuck out was the opportunity to attend the CT IFS Actuarial boot camp this past summer.– Noah Fitzgerald ’22
Students at USJ benefit from our Actuarial Science Major Mentoring Program
The purpose of the mentoring program is to provide a unique opportunity for a University of Saint Joseph actuarial science major to build a relationship with an actuarial professional in the insurance /consulting industry in the Greater Hartford area. The program will be a supplement to the support and tools already provided by the University of Saint Joseph, which will aid in successfully navigating the journey of the actuarial profession.
Why Choose a Career in the Actuarial Field?
Being an Actuary is consistently rated as one of the best careers in America in terms of work environment, employment outlook, job security, growth opportunity, and salary. Actuarial science is the most valuable college major, according to a Bankrate.com study of 162 degrees.
- 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