Actuarial Science Minor

Department Contact:

Chair: Dr. Rachel Wagner

Program Description:

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. (insert link to www.soa.org/institutions/saint-francis-university/)

Student Learning Outcomes:

Upon successful completion of the program, students will:

• Have sufficient exposure to actuarial and financial mathematics to be familiar with at least 80% of the material on two of the preliminary Society of Actuaries credentialing exams;
• Have familiarity with several of the technical tools, computer languages or software packages used by actuaries;
• Be able to apply this knowledge and these skills in new combinations and to new problems. ​

Total Credits Required:

15 credits