Actuarial Science

Bachelor’s

Actuarial Science

imgManage risk with an actuarial science degree

You may get a thrill from taking risks, but most businesses don’t. With the Bachelor of Science in Actuarial Science degree from Trine University, you can make a career out of helping determine how much risk is acceptable.

Actuaries analyze future events to help businesses and government institutions manage risk and uncertainty. In these uncertain times, there is more demand for actuaries than ever.

The degree: Preparation for an actuarial career

The Bachelor of Science in Actuarial Science program at Trine University prepares students for a career as an actuary. Graduates will have the knowledge and skills to pass the preliminary exams P (Probability) and FM (Financial Mathematics) as given by the Society of Actuaries, or exams 1 and 2 as given by the Casualty Actuarial Society, as well as the foundation needed to prepare to pass the remaining exams offered by the societies.

The experience: Foundations in math, probability and finance

Courses in the Bachelor of Science in Actuarial Science program include the broad range of mathematics, statistics and finance needed for success in the actuarial profession.

Students will learn to solve problems in a non-deterministic setting using appropriate statistical and probabilistic methods, and to solve problems in a deterministic setting in finance and investments. They also will apply probabilistic and statistical tools and methods to areas such as finance, investments, insurance and risk analysis.

The result: A successful career path in government, finance or business

Graduates who eventually pass actuarial exams can be employed by the government or by any business that needs to manage financial risk, including insurance companies, consulting firms, large corporations, hospitals, banks and investment firms.

According to the Bureau of Labor Services, in 2016 there were 23,600 actuarial jobs in the United States, which is projected to grow to 28,900 by 2026, a 22 percent increase. The median actuary’s salary is $102,880 per year.

Actuaries bridge the gap between mathematics and business in a way that no other career can. Students at Trine often strength this link by taking various business minors or by double majoring in mathematics.

For questions pertaining to our Actuarial Science major contact Michael Smith at smithm2@trine.edu.

Additional Information

 

 For additional information on cooperative education or internships, contact the Career Services office by calling 260.665.4124, careerservices@trine.edu or visit the Trine Career Services web site.

Careers available to students in the Bachelor of Science with a major in actuarial science program include:

  • Budget Analyst
  • Banking and Financial Services Professional
  • Business Analyst
  • Chief Risk Officer (CRO)
  • Chief Financial Officer (CFO)
  • Consultant
  • Data Scientist
  • Enterprise Risk Manager
  • Entrepreneurial Actuary
  • Environmental Finance Specialist
  • Health and Retirement Financing Specialist
  • Insurance Risk Manager
  • Investment Banker
  • Investment and Fund Manager
  • Operations Research Analyst
  • Personal Financial Advisor
  • Pricing Specialist
  • Product Line or Segment Risk Manager
  • Quantitative Analyst (Quant)
  • Reinsurance Specialist
  • Sales and Marketing Professional
  • Senior Manager
  • Statistical Analyst
  • Underwriter
  • Valuation Specialist
  • Wealth Management and Financial Planner
Information about tuition can be found at Cost and Investment.

Program Information

Degree

BS in Actuarial Science

Program Feature

Lifetime Guarantee

Duration

120 hours

Level

Undergraduate

Campus Location

Angola, IN

School/College

Jannen School of Arts and Science

BS in Actuarial Science News

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Thunder Aces find success in sectional tournament at Trine

August 6, 2024

The Thunder Aces, the bridge team at Trine University, hosted more than 100 teams for the Trine University Sectional of the American Contract Bridge League, held Aug. 2-4 in the Keith E. Busse/Steel Dynamics Inc. Athletic and Recreation Center (ARC).

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