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Monday, June 15, 2015

New Actuarial Science Major to Prepare Assumption College Students for Success in Rapidly Expanding Field

Assumption College will introduce this fall a new Bachelor of Arts degree program in actuarial science. 

To meet the immense demand from insurance, financial services, and consulting industries for professionals who have solid training in risk analysis, the four-year program will prepare students through a curriculum emphasizing probability, statistics, finance, accounting, and economics.

The major was approved by the Assumption College Board of Trustees on May 9, 2015.

Photo: Assumption College

“Assumption’s new actuarial science major provides our students with yet another path to achieving professional success as they journey through the College’s strong, diverse liberal arts curriculum,” said Assumption College President Francesco C. Cesareo, Ph.D. “As the demand for actuaries continues to rise, Assumption is proud to prepare students to fill this need and, in doing so, secure lucrative, stable, and personally fulfilling careers.”

Actuaries use training in mathematics and economics to solve business problems involving risk and are highly sought after because of their multidisciplinary background and strong quantitative skills. To pursue a career as an actuary, students must earn an undergraduate degree and pass a sequence of rigorous professional actuarial exams.

Created in consultation with Assumption’s Departments of Business and Economics, and hosted by the Department of Mathematics and Computer Science, the actuarial science major will require completion of business and mathematics courses including accounting, actuarial mathematics, corporate finance, economics, honors calculus, investment theory, probability theory, and statistics. Extensive exam preparation is also included in Assumption classroom instruction. The program will assist Assumption actuarial science students in applying for summer grants, which could be used for either scholarship purposes or summer internships—which often lead to job offers upon graduation.

Source: Assumption College