Actuaries are business professionals who use their knowledge of mathematics, statistics, economics, and finance to analyze and solve problems related to managing risk. Actuaries are commonly employed in the insurance, financial services, and healthcare industries and in government agencies. As an Actuarial Science major at Western New England University, you will be positioned to enter a profession that is regularly listed among the top 10 best professions (CareerCast.com), based on factors such as job environment, salary, employment outlook, stress level and growth opportunities.). And with so many companies in the Hartford-Springfield area that employ actuaries, Western New England University is an ideal place to study actuarial science.
The Actuarial Science major is designed to follow the recommendations of the two largest actuarial professional societies in the US: the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). The major is housed in the Department of Mathematics, a vibrant community of 15 full-time faculty members dedicated to excellence in teaching and research. Classes are small and majors experience a high degree of student-professor interaction. Our facilities in the newly renovated Herman Hall, including the Math Center and student lounge area, are a great environment for collaborative work.
The core coursework is in mathematics: calculus, linear algebra, probability, statistics, stochastic processes, interest theory, mathematical finance, and actuarial modeling. Required courses in economics, accounting, and finance provide necessary knowledge of the professional environment in which actuaries work, as do courses in business writing and ethics. Youll also hone your computer, oral communication, and independent learning skills, all of which are invaluable to the profession. We also offer support helping our students to pass at least one of SOA Exam P or FM before they graduate.
