Actuarial Science Major
In today’s uncertain business environment, the need for skilled actuaries – professionals who analyze the financial consequences of risk – has never been greater. Saint Joseph’s actuarial science program provides majors with a strong analytical foundation and powerful insights into how to manage risk. The program is multidisciplinary and includes courses in actuarial science, mathematics, economics, finance and accounting, leading to a B.S. degree in actuarial science.
Faculty members have a great depth of professional experience and ensure that the program maintains a high level of analytical training while providing strong business perspectives. Motivated students will be prepared to take the first two in a series of professional actuarial exams in their senior year. The major also ensures that students can receive credit in the three areas covered by Validation by Educational Experience (Economics, Corporate Finance, and Applied Statistical Methods), which is part of the professional certification process for actuaries.
Combining coursework from both the College of Arts & Sciences and the Haub School of Business, the curriculum ensures that students are fully equipped to succeed as actuaries. Majors also have the opportunity to participate in the Shadow Program, which allows them to follow a working actuary for a day to gain first-hand experience in the challenges of the field. Paid internships at major insurance companies and consulting firms are available to students who qualify.
Another strong component of the program is the student-run Actuarial Science Club, which sponsors colloquia and presentations by prominent actuarial executives in the region. It provides support in the key areas of exam preparation, resume writing and interview techniques.
The Industry Advisory Board, composed of chief actuaries and senior executives of regional and national insurers, consulting firms and industry rating organizations, facilitates internship and shadowing opportunities for qualified students.
The actuary profession is consistently rated as a top job in America. Graduates of the program often receive multiple job offers and work as successful actuaries, financial managers, statistical assistants and underwriters.