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Actuarial Science

Actuarial science is the discipline that applies financial, mathematical, and statistical methods to analyze risks in a company or organization. Risks are undesirable events that an organization would like to avoid (mitigate). Combine that with solid business skills and you’ll have what you need to stand out in your career. Actuaries help businesses manage their risk, and help leaders make strategic decisions. 

Our 2021 Graduates

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average actuarial science starting salary
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average actuarial science internship wage

Make an Impact

Majoring in actuarial science is challenging and rewarding at the same time. It requires that you have strong skills and interest in business, finance, statistics, and mathematics. To be an actuary, you need a bachelor’s degree and must pass a series of exams given by the Society of Actuaries and Casualty and Actuarial Society. The Ivy program is designed to prepare you with the knowledge base and skills in finance, mathematics, and statistics needed to pass up to five actuarial exams, so you’ll be career-ready when you graduate.  

Many actuaries are employed by insurance companies, where they help calculate the premiums for their products. Given that insurance is a business, it is essential that actuaries have strong business skills. Actuaries are also employed by pension funds, Social Security, banks, investment companies, consulting companies, and education.  

The opportunities are endless!  

Real-World Experience

As a business student, you can participate in an internship as early as your first or second summer in college. Internships often provide an opportunity to confirm that your major is perfect for you. You will gain real-world experience where you can apply your classroom learning and skills in the workplace. After an internship, you’ll be better prepared for the global world of business. You will make connections with employers, network, and build relationships that may lead to full-time employment after graduation. Ivy students report high average salaries from their internships. Check it out in our annual business career services report.