Actuarial Science Program

DePauw Actuarial Science Program

DePauw's Actuarial Science program is an established, credentialed business professional major with STEM certification. It equips students to apply mathematical and data-driven solutions to financial risk problems across diverse sectors including insurance, banking, finance, and investment. The comprehensive curriculum covers advanced quantitative skills, extensive knowledge of insurance and risk management, and essential business soft skills like communication and leadership.

 

What do Actuaries Do?

The future is uncertain and full of risk. Risk is the chance that an undesirable event will occur, but risk is also opportunity. That’s where we come in. Actuaries are the leading professionals in finding ways to manage risk.  As holistic risk managers, actuaries employ a probabilistic perspective to navigate complex business challenges. They analyze uncertainty, risk, and probabilities to mitigate adverse financial impacts on individuals and organizations. Actuaries are experts in:

 

Want to know more about the actuarial journey? Watch the following videos:

Why Should You Study Actuarial Science?

Career Outlook

The actuarial profession boasts a promising career outlook, with a projected 23% job growth from 2022 to 2032, significantly outpacing the average for all occupations. Risk is everywhere, and we always need actuaries to predict and manage it. The profession is ideal for individuals who enjoy challenges and problem-solving, offering numerous opportunities for growth and advancement. Employers typically award merit increases as actuaries gain experience and pass exams, often accompanied by cash bonuses, salary increases, and promotions for each professional designation achieved. The quantitative analysis skills actuaries acquire are highly valued, paving the way for substantial career advancement. Actuaries are always well compensated. 

Employment Opportunities

Employment opportunities for actuarial students are diverse and abundant, given the high demand for professionals with expertise in risk management and financial analysis.

 

Use the navigation menu on the left to learn more about our program and its offerings. Quick Links include information about the Actuarial Coursework, Validation by Educational Experience (VEE) credits, Actuarial Professional Exams and Financial Support, Jobs and Internships, Professional Organizations, Conference Attendance, and Student Organizations.

 

Contact Information: For more information about the Actuarial Science Program, please contact Zhixin Wu, Ph.D, ASA & MAAA, Professor of Business Analytics and Mathematical Sciences, zhixinwu@depauw.edu