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Actuarial Science Major

Major Overview

52 Credits

Why Actuarial Science?
Actuaries are business professionals who analyze the financial consequences of risk.  A career in actuarial science is hard to beat.  Organizations, such as CNN Money, consistently rate being an actuary as one of the best jobs in America, based upon categories such as work environment, employment outlook, job security, growth opportunity, and salary (especially salary). To become an actuary, an individual must pass a series of examinations to earn the actuarial designation.  The Actuarial Science major prepares students for the first two exams, which when passed, starts the student on the path to becoming an actuary.

General Goals for Learning:

Students in actuarial science:

  • Understand and use mathematical, statistical and business theory and techniques to analyze and solve problems;
  • Communicate about and with mathematics and finance in oral and written formats;
  • Possess the foundations necessary for a professional career as an actuary.

Career Options
Insurance, Consulting, Banking

High School Preparation
Calculus, Statistics, Economics

Sample Schedule (Paradigm) and Course Descriptions

For more information contact:

Todd Iverson, Ph.D.
Chair, Mathematics, Computer Science and Statistics Department
Saint Mary's University of Minnesota
700 Terrace Heights #1511
Winona, MN 55987-1399
(800) 635-5987, Ext. 1575