Actuarial Science Specialization
What is the Actuarial Science program?
The Actuarial Science program is a specialization within the mathematics department. It focuses on preparing students in applications of mathematics within a business context.
An actuary is a business professional who deals with the measurement, modeling and management of risk and uncertainty. Actuaries analyze data to calculate risks in financial markets, particularly for insurance and financial companies. Actuarial work is a great career path for applying mathematics in a business setting.
Students here at the University of Minnesota gain a foundation in mathematics, statistics and programming, and learn to apply these skills in areas of business. Additionally, our program prepares students for four to six professional qualifying examinations. Graduates from our program work in insurance, banking and finance, risk management, graduate school, data science, consulting, and many other areas.
See if the actuarial program is right for you. Specialization information for prospective students.
Our program offers both BA and BS degrees in Actuarial Science through the School of Mathematics. Learn about our curriculum here. The Society of Actuaries recognizes our program within the Universities and Colleges with Advanced Curriculum (UCAP). See our actuarial-specific course offerings here.
Support for Students
Our program offers one-on-one academic advising, career counseling, scholarships. A student-run actuary club provides peer-to-peer mentoring and multiple career supports including an annual regional Actuarial Career Fair, hosted at the University of Minnesota.
Our students have many opportunities to get involved by joining the UMN Actuary Club, tutoring high school students, competing in a case competition, and attending MCFAM seminars. Read some testimonials from past students.