B.S. in Mathematics with a Concentration in Actuarial Science University of Saint Joseph

Apply your aptitude in mathematics to a challenging career in Actuarial Science

Students focusing on Mathematics Actuarial Science learn how to use mathematical concepts and procedures, become proficient with modern mathematical technology tools, and prepare for an actuarial science certification with the goal of passing the first two actuarial exams administered by the SOA and CAS before graduation. With the opportunity to minor in Management or Accounting, students will develop a strong business background and complete coursework that also satisfies Validation by Educational Experience (VEE) requirements in Economics and Corporate Finance.

Required courses (37 credits)

• COMP 110 - Computer Programming I 4 Credits
• MATH 165 - Discrete Mathematics I 3 Credits
• MATH 170 - Calculus I 4 Credits
• MATH 180 - Calculus II 4 Credits
• MATH 220 - Calculus III 3 Credits
• MATH 251 - Probability and Statistics I 3 Credits
• MATH 252 - Probability and Statistics II 3 Credits
• MATH 320 - Linear Algebra 4 Credits
• MATH 340 - Actuarial Problem Solving 3 Credits
• MATH 345 - Theory of Interest 3 Credits
• MATH 485 - Internship 1-6 Credits Or MATH 499 - Coordinating Seminar II

Supporting coursework (15-18 credits)

• ECON 101 - Principles of Macroeconomics 3 Credits
• ECON 102 - Principles of Microeconomics 3 Credits
• ACCT 201 - Principles of Accounting I 3 Credits
• ACCT 202 - Principles of Accounting II 3 Credits
• ACCT 205 - Managerial Accounting 3 Credits (strongly recommended)
• MGMT 305 - Financial Management 3 Credits
• ENGL 205 - Business and Professional Communication 3 Credits (recommended)

The student will:

• Understand and apply the fundamental principles, concepts, and techniques of major areas of mathematics, including calculus, linear algebra, discrete mathematics, probability, statistics, and financial mathematics.
• Demonstrate strong problem-solving skills: state problems carefully, articulate assumptions, be willing to try different approaches, devise and test conjectures, reason logically to conclusions, and interpret results
• Read mathematical literature with understanding; interpret graphs and diagrams
• Communicate mathematical ideas with clarity and coherence through writing and speaking
• Demonstrate familiarity with applications of mathematics to problems in a variety of fields, including business, insurance, finance, and risk management.
• Demonstrate proficiency in using computer technology as a tool for solving problems and as an aid to understanding mathematical ideas.
• Demonstrate success in learning mathematical concepts independently.
• Be prepared to take the first two actuarial exams before graduation.
• Gain practical experience in actuarial science through internships, independent projects, or research.

Why Choose a Career in the Actuarial Field?

What is actuarial science and what do actuaries do? Actuaries are professionals trained in mathematics, statistics, economics, and finance to solve problems involving long-term financial impacts on future events. Their skills are greatly valued by organizations that need to quantify financial risks. Actuaries are in high demand and are most commonly employed in the insurance, financial services, and healthcare industries, as well as in government agencies.

The actuarial profession is one of the most respected, well-compensated, and rewarding fields today. It is consistently rated as one of the best jobs in America based on factors such as job environment, salary, employment outlook, stress level, and growth opportunities. The Actuarial Science program at the University of Saint Joseph will give you the knowledge and skills necessary for meeting the demands of an actuarial career. This program is designed to help you prepare to sit for actuarial exams and stand out as a candidate for summer internships.

Being an Actuary is consistently rated as one of the best careers in America in terms of work environment, employment outlook, job security, growth opportunity, and salary. Actuarial science is the most valuable college major, according to a Bankrate.com study of 162 degrees.

Internships and Career Opportunities

With an education rooted in the latest actuarial science

practices, students become valuable candidates in a

competitive market and gain real-world experience through internships with insurance companies in the Hartford area, the “Insurance Capital of the World.” Their degree brings together mathematics, statistics, computer science, economics, and finance, ensuring they can serve in numerous settings, including insurance, private corporations, consultation agencies, government organizations, banks and investment firms, public accounting firms, and more.