Actuarial Science, B.S.
With a B.S. degree in actuarial science from CBU, students will have unparalleled analytical skills to help firms and organizations plan for the future and protect their assets from loss.
Actuarial scientists are usually the ones in their group of friends who calculate the risk and reward of every activity. A degree in actuarial science from CBU will enable students to become an expert in analyzing risks of all types and understanding how it affects the psychological, physical and financial stability of our society. Students will learn to help businesses grow, retirees invest with confidence and people gain security and peace of mind.
Why Study Actuarial Science at CBU?
Be prepared for certification
CBU’s actuarial science program prepares students to take the first two actuarial exams. The Society of Actuaries has approved CBU for validation by educational experience in all three areas of applied statistical methods, economics and corporate finance.
What You'll Learn
- Students will have a solid foundation of mathematical and statistical processes at a level comparable to that of students graduating with a BS in Actuarial Science at other universities. Processes should include (but are not limited to) a proficiency in collection, organization, design, and drawing inferences from data using appropriate statistical methodology and problem solving skill.
- Students will demonstrate their ability to apply Mathematics and Statistics of Actuarial Science in other fields at an appropriate level and demonstrate their ability to apply knowledge acquired from their major to real world models.
- Students will demonstrate mastery of data analysis and statistical concepts of Actuarial Science by communicating critically reasoned analysis through written and oral presentations.
- Students will acquire up-to-date skills and/or applications of computer and statistical programming related to Actuarial Science career choices.
- Students will apply their knowledge of mathematics and statistics of Actuarial Science through an in-depth senior project/research experience. Results will be presented in both written and visual formats (PowerPoint, poster, conference paper, etc.)
- Students will be able to read, interpret, and critically analyze mathematics and statistics related to Actuarial Science in journal articles directed at undergraduate students.
BUS 303: Business Finance
This course provides an overview of financial management, financial analysis and control, capital investment decisions, raising funds and cost of capital.
STA 210: Statistical Computing I
An introduction to data mining, management and statistical programming techniques using comprehensive and widely available tools.
STA 320: Financial Mathematics I
An introduction to the fundamental concepts of financial mathematics including basic interest theory.
Actuarial science majors can apply their field of study to a variety of careers. Some careers listed below may require further education.
- Medical Cost and Analysis Manager
- Actuarial Systems Analyst
- Actuarial Technician
- Insurance Pricing Analyst
- Insurance Consultant
- Risk Capital Analyst