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Actuarial Science Program FAQs
This page contains answers to some frequently asked questions about actuarial science and about our program. If you have any other questions, please feel free to email us at email@example.com.
1. How many students are in your program?
There are around 50 students in the program, but this number changes from year to year. Most of our students are from Missouri and Kansas and some others are from neighboring states as well as from other countries. There are a significant number of students who are transferred from community colleges.
2. What kind of classes should I take in high school or in community college to prepare me for the study in actuarial science?
First of all, you need to have a solid foundation in algebra and to develop an aptitude in statistics. Our major courses start with calculus sequence, so if you have time to take college classes in high school, take calculus and statistics. Your AP or honor calculus credits may be transferred to UCM. If you are in a community college now, take calculus sequence and calculus based probability as well as general education courses.
3. Can I graduate in four years?
Normally you can, but you need to be aware that most of our actuarial major courses are offered once a year either in the fall or spring semester and most of these courses have prerequisite(s). The best thing for you to do is to talk to your major advisor to prepare a 4-year plan. For a sample 4-year plan, click on the appropriate link on the left.
4. What other activities that I can participate at UCM?
When you are looking for jobs, employers usually like the well-rounded students who participate in extra curriculum activities and who demonstrate leadership ability. In our department, we have an actuarial student club for actuarial science students, Kappa Mu Epsilon, a Mathematics Honor Society and UCM MAA Student Chapter. Our students also participate in a variety of sports activities, student government and university orchestra/band.
5. What kind of scholarship does your school offer to actuarial science students?
In addition to the university scholarships, the actuarial science students are also eligible to apply several departmental scholarships which include the Achievement Awards for Undergraduates, the Harold & Sherralyn Craven Scholarship for actuarial science majors, and Freshmen Scholarship. Each year the Missouri Insurance Education Foundation awards several scholarships to students majoring in insurance related majors and the Kansas City Chapter of CPCU awards the Percy S. Lorie Scholarship. The UCM actuarial student club has set up an exam fee reimbursement fund for the students who successfully pass the exam.
6. What are the important factors that an employer is looking for in finding a good job at graduation?
The most important factor is the success on actuarial exams. It is strongly recommended that you pass at least one exam before your graduation. Students with no exams can still get jobs, but such students need to be strong on the other qualifications. The other factors include: (1) Prior internships/experiences (2) Leadership ability (3) Communication skills (4) High GPA (5) Personal connection.
7. From which companies did your students get internships and full-time job offers?
Our students got part-time and summer internships from the following companies: Allstate (Chicago), State Farm (Bloomington, IL), Mutual of Omaha (Omaha), American Express (Minneapolis), St. Paul Insurance (St. Paul), CNA (Chicago), Fortis (Kansas City), Kansas City Life (Kansas City), Americo (Kansas City), AgiLogic, Inc. (Overland Park), GE Insurance Solutions (Overland Park), Universal Underwriters Group (Overland Park), USDA-Risk Management Agency (Kansas City)
Our graduates got full-time job offers from the following companies: Allstate (Chicago), State Farm (Bloomington, IL), American Express (Minneapolis), Nationwide (Cincinnati), Farm Bureau (South Carolina), Watson Wyatt (Vancouver), CIGNA (Hartford), William Mercer (Kansas City), Towers Perrin (St. Louis), Assurant (formerly called Fortis) (Kansas City), Kansas City Life (Kansas City), Deloitte and Touche (Hartford); Americo (Kansas City), GE Insurance Solutions (Overland Park), Universal Underwriters Group (Overland Park), USDA-Risk Management Agency (Kansas City), Blue Cross/Blue Shield (Kansas City), Coventry (Kansas City), Lewis & Ellis (Overland Park), Pyramid Life (Prairie Village), Generali USA (Kansas City)