ACTUARIAL SCIENCE I COLLEGE OF ARTS AND SCIENCES

B.S. IN ACTUARIAL SCIENCE PROGRAM HIGHLIGHTS HANDS-ON LEARNING An actuary is a business professional who Actuarial exams are administered by the Students in the actuarial science program are analyzes the financial consequences of actuarial credentialing societies, which include encouraged to seek internship opportunities risk. Actuaries use mathematics, statistics the Casualty Actuarial Society (CAS) and the after passing one or more actuarial exams. and financial theory to study uncertain Society of Actuaries (SOA). Topics for these Many students are afforded opportunities future events, especially those of concern to exams include Mathematics, Probability, to work in such environments as insurance insurance and pension programs. Students Statistics, Economics, Finance, Insurance, companies, consulting firms, private pursuing a Bachelor of Science in Actuarial and Law. Typically, students will need to pass companies, and government departments. Science degree study mathematics, including one or two exams to find employment as an calculus, probability, statistics, theory of actuary. Further exams lead to the designation CLUBS AND ACTIVITIES interest, and life contingencies. They also of Associate or Fellow. take several business and computer science The Department of Mathematics sponsors the courses. The coursework of IU Northwest’s Actuarial Actuarial and Math Club. The purpose of the Science program will provide the student with Club is to attract students to mathematics Students learn skills for problem-solving and a solid background for the actuarial exams. programs and promote awareness about decision-making, and the program is excellent Some of the courses are designed specifically importance and applications of mathematics for anyone preparing to apply mathematics in a to fit the requirements of the actuarial exams, and its relation to other disciplines. IU business environment. thus better preparing the student to pass the Northwest is selected as one of 15 colleges exams. The Department offers a problem- nationwide to participate in in a new developed DEGREE REQUIREMENTS solving seminar course for actuarial science pilot program of Society of Actuaries (SOA). Completion of a B.S. in Actuarial Science students that prepares them for actuarial Through this program, our students will requires 120 credit hours (105 credit hours with exams. Our faculty have actuarial exam have an opportunity to meet with SOA fellow the College of Arts and Sciences). experience, and can therefore better advise actuaries and discuss the actuarial profession the student in preparing for the exams. The and the SOA’s educational pathways. COURSEWORK faculty have obtained the grant for SOA that reimburses exam fees for students if they pass FOR MORE INFORMATION Mathematics Core Courses: the SOA exams. • Calculus I, II and III Indiana University Northwest • Applied Linear Algebra Validation by Educational Experience (VEE) is Department of Mathematics and • Probability a requirement for the actuarial exams by both Actuarial Science • Statistical Inference actuarial credentialing societies. Students in Hawthorn Hall, Room 445 the program can take VEE-approved courses Actuarial Science Core Courses: 3400 Broadway at the IU Northwest campus and thus avoid • Theory of Interest Gary, Indiana 46408 independent online courses with high fees. • Life Contingencies (219) 980-6590 Computer Science Core Courses: WHAT CAN I DO WITH A B.S. IN Email: • Introduction to Computer Science ACTUARIAL SCIENCE? Dr. Xiaofeng Wang (Alex) • Applied Programming Techniques Graduates of the actuarial science program Associate Professor of Mathematics have obtained excellent starting positions in Economics and Business Core Courses: ([email protected]) Chicago and Indiana. The field of actuarial • Microeconomics science offers exciting executive careers for Dr. Yuanying Guan (Michelle) • Macroeconomics strong mathematics students. Opportunities Associate of Society of Acturaries (ASA), • Financial Accounting include life, health, and casualty insurance, Assistant Professor of Mathematics • Managerial Accounting pension plan management, investment, and ([email protected]) In addition to the listed courses, the student consulting. Kristie Gilmore is responsible for fulfilling the general The actuary applies theories of probability Program Coordinator requirements of the bachelor‘s degree and statistics and the principles of finance to [email protected] as established by the College of Arts and the problems of insurance, pensions, social Sciences. insurance, population studies, and related Students should consult with the department fields. and their advisor for additional information concerning prerequisites, course content and academic counseling.

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