May 23, 2024  
2022-2023 Undergraduate and Graduate Catalog 
    
2022-2023 Undergraduate and Graduate Catalog [ARCHIVED CATALOG]

Mathematics, Actuarial Concentration, B.S.


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Go to information for Mathematics, Engineering & Computer Science/Cybersecurity .

Chair: Dr. Rachel Wagner

Coordinator: Dr. Norbert Youmbi

Program Description:

The program in mathematics embodies both views of mathematics: one, as the study of abstract structures and hence independent of the physical world; the other, as the cornerstone of all scientific inquiry. This program leads to a Bachelor of Science in Mathematics with a concentration in Actuarial Science.

Actuarial science is the management of risk. Life is full of uncertainties and risk. Risk is the likelihood that an undesirable event will occur but it is also an opportunity. Actuarial science uses mathematics, probability and statistics to plan how to evaluate resolve or decrease the impact that undesirable events could have in people life. The actuarial science minor at Saint Francis University prepares our students for the first two exams required to become an actuary.

An actuary can work wherever risk is involved. Actuaries apply analytical skills and business knowledge to solve problems in diverse areas such as banking and Finance Services, Enterprise Risk Management, Environmental Actuaries, Health and Retirement Financing, Pension, Wealth Management and Financial Planning.

Saint Francis University is an UCAP-IC school with VEE approved coursework in Economics and Mathematical Statistics. (www.soa.org/institutions/saint-francis-university/)

 

Student Learning Outcomes:

Upon successful completion of this program, students should be able to:

  • Demonstrate knowledge of diverse areas in Mathematics such as algebra, analysis, and Actuarial Science;
  • Demonstrate the ability to apply Mathematics and logical reasoning to problem solving including problems in other fields;
  • Read and communicate Mathematics with understanding and clarity.

 

Capstone Requirement

Students in the Mathematics, B.S, Actuarial Science Concentration, are required to pass the ETS Mathematics major field exam and complete a senior research project. The requirements can be met by successfully completing MATH 492 Mathematics Seminar  (1 credit).

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