Incredible Career Opportunities in Actuarial Science
Today’s actuaries work largely within the insurance industry, but can expect significant employment growth opportunities in health care and consulting firms. Becoming an actuary involves certification exams to meet stringent guidelines, but the rewards for meeting the qualifications are great in both career opportunity and salary potential. Because of broad career opportunities for actuaries, it’s a rewarding path for those willing to undertake the course of study.
Completion of courses in the professional actuarial science sequence prepares individuals to sit for the actuary examinations. Often, professionals complete their coursework and begin working in the field before sitting for their exams; to gain work experience but also because many employers are willing to pay for examinations and incent employees with pay increases for each progressive exam passed.
Before embarking on this course of study, visit the Bureau of Labor Statistics’ website to learn more about employment and certification for actuaries.
Actuarial Science Required Courses
- Macroeconomic Principles (EC 011)
- Microeconomic Principles (EC 012)
- Applied Probability (STAT 151)
- Business Statistics (STAT 183)
- Fundamentals of Financial Mathematics (STAT 195)
- Managerial Finance (BSAD180) or Corporate Finance (BSAD 308)
Current Course Offerings
- Courses for Summer 2012
- Fall 2012
- Summer 2012
- Courses for Fall 2012
How to get started
There is no application process for the Actuarial Science sequence. However, you first need to speak with a Continuing Education Advisor about your plans.
To learn more about the Actuarial Science Sequence:
Call: 800-639-3210 or 802-656-2085
Make a phone or in-person appointment with a Continuing Education Advisor to discuss your options on Actuarial Science.
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Career Spotlight
Actuarial Science Overview: The greater percentage of today’s actuaries work in the insurance industry, but the most significant growth will be in industries like health care and consulting firms, according to the Bureau of Labor Statistics. Their employment change projects show faster increases than average for all occupations with a 24 percent growth for actuarial jobs by 2016.
Actuarial Science Careers: Actuaries use their strong background in mathematics to help companies formulate policies by analyzing risk and its associated costs. Actuaries can assist in the design of pension plans and insurance policies, calculate profitable insurance rates, or work in the financial industry to manage credit or set prices for security offerings. There are diverse uses for the skills of actuaries no matter their interest.
Actuarial Science Salaries: From the BLS, median annual earnings of actuaries were $84,810 in May 2008. The middle 50 percent earned between $62,020 and $119,110. The lowest 10 percent had earnings of less than $49,150 while the top 10 percent earned more than $160,780.