Actuarial Science

BACHELOR OF Science

Actuarial scientists are usually the ones in their group of friends who calculate the risk and reward of every activity. With a B.S. degree in actuarial science, CBU students will have unparalleled analytical skills to help firms and organizations plan for the future and protect their assets from loss. They will become an expert in analyzing risks of all types and understanding how it affects the psychological, physical and financial stability of our society. They’ll help businesses grow, retirees invest with confidence and people gain security and peace of mind.

Minor
Actuarial Science Minor

About the Program
Interesting Courses
Student Learning
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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.

Business Finance

BUS 303

This course provides an overview of financial management, financial analysis and control, capital investment decisions, raising funds and cost of capital.

Statistical Computing I

STA 210

An introduction to data mining, management and statistical programming techniques using comprehensive and widely available tools.

Financial Mathematics I

STA 320

An introduction to the fundamental concepts of financial mathematics including basic interest theory.

Student Learning

Evidence of Student Learning

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.

Take the next step toward living your purpose

As you make decisions about college, keep in mind the full social, spiritual and educational experience awaiting you at CBU. Here, you will be supported by professors, staff and fellow students who will help you discover your strengths and challenge you to do more than you ever thought you could. Let us equip you with the education, training and opportunities you'll need to start making a unique difference doing what you love.

Apply today! When you complete and submit your application to CBU, a friendly and knowledgeable admissions counselor will guide you through the admissions process and all the necessary steps to become a Lancer.

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Career Opportunities

Actuarial Systems Analyst
Actuarial Technician
Insurance Pricing Analyst
Actuary
Insurance Consultant
Medical Cost and Analysis Manager
Risk Capital Analyst

*Some career opportunities may require further education

66

Units

22%

Expected Rate of Growth in the Field

2015

Year the Program Began

Student Testimonials

"I like the idea of determining risk and how we can apply math to everyday situations. I love how my professors are invested in my program and set on helping me achieve my goal of becoming an actuary."
Caitlyn James, 2020

Meet Some of Our Faculty

Linn Carothers

Professor of Mathematics

Forty-two years ago, God called me out of a comfortable job in research chemistry into a worldwide ministry in the mathematical sciences. God’s call drew me to travel, administrate and coordinate national and international teams of scientists and educators in academic institutions across the former Soviet Union, China, the Caribbean and even 40 miles north of Fairbanks, Alaska.

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Michelle Nielsen Hernandez

Professor of Mathematics

During my undergraduate education, I was given an opportunity by a discrete mathematics professor to be a contributing editor to a textbook he was writing. Getting a taste of the excitement of creating educational content convinced me to become a teacher and invest in the lives of students.

See Profile >

Linn Carothers

Professor of Mathematics

Forty-two years ago, God called me out of a comfortable job in research chemistry into a worldwide ministry in the mathematical sciences. God’s call drew me to travel, administrate and coordinate national and international teams of scientists and educators in academic institutions across the former Soviet Union, China, the Caribbean and even 40 miles north of Fairbanks, Alaska.

See Profile >
Michelle Nielsen Hernandez

Professor of Mathematics

During my undergraduate education, I was given an opportunity by a discrete mathematics professor to be a contributing editor to a textbook he was writing. Getting a taste of the excitement of creating educational content convinced me to become a teacher and invest in the lives of students.

See Profile >