Program Overview
DePaul University's Actuarial Science program empowers students to analyze financial risk and uncertainty using statistics, mathematics, and finance. Graduates are prepared for careers as Actuaries, Assessors, Cost Estimators, and Insurance Underwriters, with a high employment rate of 88%. The program offers a combined bachelor's and master's degree option and is a STEM-designated program for international students.
Program Outline
Degree Overview:
Actuaries analyze the financial consequences of risk and uncertainty. As an actuarial science major at DePaul, you will learn to interpret statistics to determine probabilities of accidents, sickness, death and the loss of property from theft and natural disasters. Actuarial science students draw upon mathematics, statistics and financial theory to learn to do the following:
- Apply the laws of probability and statistics to problems
- Understand the theory of interest and its applications to the pricing of securities
- Calculate the financial costs and benefits of insurance for various individuals
- Design, implement and monitor life contingency models
- Describe risk management frameworks and identify how specific risks can be quantified
- Study uncertain future events, concerning risk management and insurance For international students: this program is a STEM-designated program, which can qualify you to extend your post-graduation stay in the United States.
Careers:
- Common Career Areas:
- Actuary
- Assessor
- Education
- Cost estimator
- Credit analyst
- Insurance underwriter
- 88% of Actuarial Science graduates were employed, continuing their education or not seeking employment after graduation.
Other:
- This is a Bachelor of Science (BS) degree program.
- The program is housed within the College of Science and Health at DePaul University.
- The program includes a combined bachelor's + master's degree option.
