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Wednesday, May 30, 2018

Actuarial Science, Bachelor of Science | St John's University News

An actuary is a business professional who analyzes the financial consequences of risk.
Photo: Peter J. Tobin College of Business
Actuaries interpret statistics to determine probabilities of accidents, sickness, death, and loss of property from theft, natural disasters and other causes of loss. Actuaries use mathematics, statistics and financial theory to study uncertain future events, particularly those that are insurable. Actuaries are considered the 'financial architects' of theinsurance world.

The field of actuarial science is demanding, rigorous and rewarding. Professional certification as an actuary in the United States requires passing one of two examination series; one is administered by the Society of Actuaries (SOA) and the other by the Casualty Actuarial Society (CAS). Actuaries are in high demand. Most work for insurance companies, consulting and investment firms, government agencies, employee benefit departments of large corporations, hospitals, or banks. The Bureau of Labor Statistics, in its Occupational Outlook Handbook, forecasts a 26 percent increase in the number of actuarial positions by 2022. The rates actuary one of the five best jobs of 2014.

The Actuarial Science program in the Tobin College of Business at St John’s University is recognized by the Society of Actuaries as a Center of Actuarial Excellence. Students learn not only quantitative analysis skills in preparation to pass professional examinations but also earn an undergraduate degree in business, which provides them with an education in accounting, finance, management, marketing, risk management and computer information systems. 

Source: St John's University News