Actuarial Science - Mathematics
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Dr. Mathew Timm
The purpose of the program is to prepare graduates with the ability to apply a unique set of business and mathematical skills in solving financial and social problems, and have many different possibilities for employment upon graduation. These skills are of great value to insurance companies, investment firms, employee benefits consulting firms, and other types of companies that need to quantify financial risks. Bradley’s Actuarial Science degree in Mathematics is administered by the College of Liberal Arts and Sciences and also includes courses from the Foster College of Business Administration. Bradley’s Foster College of Business Administration has earned accreditation by the AACSB International: The Association to Advance Collegiate Schools of Business. AACSB International accreditation assures that the department is committed to continued improvement and quality.
Succeeding as an actuary depends significantly on passing professional exams offered by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Many of the required courses help students prepare for several of the standard actuarial exams administered by these societies. The program also helps student to complete parts of several of the more advanced exams. In addition, Bradley requires that students sit for an exam in order to graduate.
Outside of the classroom, Bradley Actuarial Science majors have a wealth of cocurricular and cooperative learning experiences from which to choose, including:
- Mathematical Association of America (MAA)
- Student Business Leadership Council (SBLC)
- Actuarial Science Organization
Jobs Rated Almanac consistently ranks Actuarial Science as one of the top three fields in the United States. Starting salaries depend partially on the number of exams completed; however, they usually range between $41,000 and $54,000 for those with one passed exam. Experienced professionals in either society have the potential to earn between $150,000 and $250,000. Placement rates for Bradley’s Actuarial Science graduates are outstanding. Bradley's actuarial science programs prepare students for entry into diverse professional enterprises including:
- consulting firms
- government risk pooling entities such as the Social Security Administration
- insurance companies
- public utilities
- select regulatory agencies