Actuarial science students learn to use tools from mathematics, statistics and finance to measure the impact of risk in order to improve forecasting and decision-making in business and government sector.
Actuaries are required to pass a series of professional exams in order to become credentialed, and this degree program prepares students for these exams. This program provides students with preparation for professional actuarial credentialing exams offered by the Society of Actuaries and the Casualty Actuarial Society.
Actuarial Science (BS)
Liberal Arts & Sciences, The College of
A major map outlines the degree’s requirements for graduation.
Learn more about the actuarial science program at Arizona State University.All students are required to meet general university admission requirements.
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ASU has many financial aid options. Almost everyone, regardless of income, can qualify for some form of financial aid. In fact, more than 70 percent of all ASU students receive some form of financial assistance every year.
Risk is a part of daily life and wherever there is risk, there are opportunities for actuarial intervention. Many actuaries work with insurance companies to calculate premiums, determine reserves needed to ensure an organization's financial health and to ensure organizations conform to stringent, complex legal mandates. Others help companies to establish retirement plans or are employed as consultants. Students with a Bachelor of Science degree in actuarial science possess skills that are transferable to any industry and any organization that requires risk modeling and management, including:
- colleges and universities
- consulting firms
- energy, such as utilities, oil and gas
- environment (on issues such as climate change and the financial impact or risk of extreme events)
- financial services, such as banking and investment management
- government agencies such as Social Security, the Department of Labor and Medicare (to manage social programs and to develop regulations and legislation)
- insurance companies
- retirement and pensions
- transportation, such as shipping and air travel
Students can also apply the advanced problem-solving skills learned in the actuarial science undergraduate program to a variety of other professional careers, including:
- business operations specialists
Students who complete this degree program may be prepared for the following careers. Advanced degrees or certifications may be required for academic or clinical positions. Career examples include but are not limited to:
|Business Intelligence Analysts||9.3%||$88,510|
|Claims Examiners, Property and Casualty Insurance||-1.4%||$64,900|
|Investment Fund Managers||8%||$105,610|
* Data obtained from the Occupational Information Network (O*NET) under sponsorship of the U.S. Department of Labor/Employment and Training Administration (USDOL/ETA).
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