"What Can I Do With a Major in...Actuarial Science and Statistics?"
Why Major in Actuarial Science & Statistics?
A graduate with a Bachelor of Science degree in Actuarial Science and Statistics will use the knowledge and skills obtained in the program to:
- Integrate and apply knowledge in the areas of mathematics, statistics,finance, and economics.
- Develop an aptitude for problem solving and apply mathematical,statistical, and financial models in the actuarial and other applied fields.
- Be able to summarize and describe data, conduct graphical analyses,and carry out basic formal statistical procedures.
- Be able to use a standard statistical software package to handle andmanage data, to create graphical displays, and to perform statistical analysis.
- Apply statistical methods, various credibility theories, and simulation methods within the context of actuarial models.
- Be able to use regression analysis, time series, and Bayesian methods to analyze data and perform forecast.
- Be able to select appropriate experimental designs based on the need, to extract information from experimental data, and to perform analysis on collected experimental data.
- Develop necessary knowledge and skills in order to successfully pass the first 4 actuarial exams.
- Develop the knowledge and skills to adapt to a dynamic multidisciplinary technological environment through team work, ethical concerns, and effective communication.
- Address the needs of society with a sense of professionalism.
- Establish a career in actuarial science, statistics, or related fields and prepare for entry-level positions in business, industry, government, or public education.
- Prepare for graduate study in actuarial science, statistics, or related fields.
Related Career Titles
*For further information, the following career titles may be used as keywords in Focus' "Search by Occupation Name," http://www.ucmo.edu/career/students/focus.cfm, or a general search engine.
Related Job Listing/Job Search Web Sites
Actuarial Grads Network
Casualty Actuarial Society (CAS)
Society of Actuaries (SOA)
American Academy of Actuaries (AAA) -
American Society of Professional Pension Actuaries (ASPPA)
Conference of Consulting Actuaries (CCA)
UCM Student Orgainzation
The Actuarial Organization of UCM (TAO)
Four-Year Academic Plan
The career paths listed are those which are commonly associated with this area of study and in no way does this site attempt to suggest that these are all of the career paths possible. Some of the career paths listed may require additional education, training, development, licenses and/or certifications. Listings of resources such as job listings, web links, professional organizations, library publications, and other information found on this page are believed to be accurate and true at the time published. The "What Can I Do With A Major In..." database is reviewed and updated every year in July. While no list is truly exhaustive, if you feel something should be added, deleted, changed or updated on this page, please contact the Career Services Center by e-mail at email@example.com and an out-of-cycle change will be completed.
Who Can Help Me?
Career Development Coordinator