Math and Information Technology

Actuarial Science

Bachelor of Arts in Mathematics
Concentration in Actuarial Science

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Actuarial Science classroom

The Actuarial Science concentration provides a foundation in mathematics and business for students interested in pursuing a career in actuarial science or a related field.

Actuarial Science at the Mount

Actuaries use mathematics, statistics, and financial theory to study uncertain future events, particularly those that are insurable. To become an actuary, a candidate must pass a series of exams in areas such as probability, financial mathematics, and actuarial modeling. These exams reflect the importance of both mathematics and business to this career; our program combines these two areas in the Actuarial Science concentration.

The concentration includes courses in Economics, Business, Finance, and Mathematics, giving you a strong foundation to solve problems involving risk assessment, and risk mitigation and management.

As a Mathematics major with a concentration in Actuarial Science, you will develop skills that every employer looks for: problem solving, critical thinking, effective communication, leadership potential, team work, and proficiency with technology.

Flexibility in course selection helps our math majors choose courses that meet their needs and abilities.

Research

Mount students have a variety of mathematical research opportunities during the semester, as part of our Summer Undergraduate Research Experience, and in the Coordinating Seminar, which gives students a chance to conduct research in their area of interest to help prepare for graduate school.

Career Options

Actuaries work for insurance companies, consulting firms, or government agencies in many different areas. You may choose to continue your studies in graduate school, or to find a career in math, finance, accounting, or other business related areas.

What you will study

Students majoring in Mathematics must take a minimum of 39 credits in the discipline and maintain a minimum Grade Point Average of 2.0.

Sampling of courses
 

  • Abstract Algebra
  • Calculus I, II
  • Corporate Finance
  • Financial Accounting
  • Financial Management
  • Intro to Management
  • Linear Algebra
  • Macroeconomics
  • Managerial Accounting
  • Microeconomics
  • Money and Banking
  • Probability & Statistics

Actuarial Exams

To become an actuary, a candidate must pass a series of exams.

Motivated students will be prepared to take the first two in a series of professional actuarial exams by the end of their senior year. With our small class sizes, you’ll benefit from the one-on-one interaction with faculty that can help prepare you for the exams required to start a career as an actuary.

Where our students go

Internships

Mount students intern and perform teaching fieldwork at Harriman State Park, Newburgh Free Academy, ConnectiCare, Mad Science, Boys and Girls Club of Newburgh, Greystone Programs, and Habitat for Humanity of Greater Newburgh.

Career Prospects

Students graduating from the Mount with degrees in Mathematics or Information Technology have found employment as financial analysts, actuaries, bank managers, statisticians, researchers, programmers, and teachers.

The Bureau of Labor Statistics, in its Occupational Outlook Handbook, forecasts a 26 percent increase in the number of actuarial positions by 2022.

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Actuarial Science - Alvey