Actuarial Science, Bachelor of Science

Program Overview

This Actuarial Science Bachelor's degree program equips students with mathematical, statistical, and financial skills to analyze future events and manage risks. Graduates are prepared for professional actuarial exams and careers in insurance, consulting, and finance, with a focus on identifying, measuring, and managing risks. The program offers core modules in loss modeling, applied statistics, and life insurance, along with elective courses in finance, economics, and risk management.

Program Outline

Degree Overview:

• Overview:
This Actuarial Science Bachelor's degree program prepares students to use mathematical, statistical, and financial theory to analyze uncertain future events.
• Objectives:
Upon completion, graduates are expected to be proficient in identifying, measuring, and managing risks, applying probability pricing models, recognizing market needs, using productivity software, identifying new capital sources, formulating effective business plans, integrating legal and regulatory knowledge into decision-making, and delivering well-written presentations.
• Program Description:
This program combines quantitative analysis skills, preparing graduates for professional actuarial exams, with a foundation in business, encompassing accounting, finance, management, marketing, risk management, and computer information systems.

Outline:

Freshman

• Discover NY (3 Credits)
• Macroeconomics (3 Credits)
• English Composition (3 Credits)
• Catholic Perspective on Christianity (3 Credits)
• Calculus I (4 Credits)

Sophomore

• Introduction to Statistics (3 Credits)
• Probability (3 Credits)
• Corporate Financial Management (3 Credits)
• Fundamentals of Accounting (3 Credits)
• Principles of Risk & Insurance (3 Credits)

Junior

• Loss Modeling I (3 Credits)
• Emergence of Global Society (3 Credits)
• Scientific Inquiry (3 Credits)
• Literature in a Global Context (3 Credits)
• RMI Elective (3 Credits)

Senior

• Loss Modeling II (3 Credits)
• Applied Statistics (3 Credits)
• Production & Operations Management (3 Credits)
• Language/Culture (3 Credits)
• Life Cont I (3 Credits)

Core Modules:

• Loss Modeling I & II:
Covers statistical models used in actuarial science, including survival analysis, extreme value theory, and simulation techniques
• Applied Statistics:
Focuses on applying statistical methods to real-world actuarial problems, such as pricing insurance policies and managing financial risk
• Life Cont I & II:
Introduces the theory and practice of life insurance, including mortality models, life tables, and insurance policy valuation

Elective Courses:

• Faculty:
The faculty includes experienced actuarial professionals and academics, including Dr. Mark J. Browne, a professor in the Greenberg School of Risk Management, Insurance, and Actuarial Science
• Unique Approaches:
The program offers opportunities for students to earn exemptions from certain SOA exams by achieving high performance in specific courses
• Fast-Track Programs:
Students can participate in fast-track programs to pursue a master's degree in fields like accounting, business analytics, enterprise risk management, finance, and marketing while completing their undergraduate degree

Careers:

• Career Paths:
Graduates are prepared for careers as actuaries in various industries, including insurance, consulting, and finance
• Opportunities:
Roles include pricing and managing financial risk, designing insurance products, and providing expert advice on risk and uncertainty
• Outcomes:
The program boasts high employment rates, with 95.9% of graduates from the GSRM graduate class of 2022 employed within six months of graduation