Actuarial Mathematics

Actuarial Mathematics is an interdisciplinary subject that straddles business, economics, mathematics, and statistics.

In a single phrase, its focus is on the management of risk. The curriculum of this program is designed to support students in becoming an Associate of the Society of Actuaries (SOA). Three of these requirements are pairs of courses that satisfy the Validation by Educational Experience (VEE) requirement of the Society. The balance of the coursework is in support of passing the SOA’s exams:
Probability, Financial Mathematics, and Investment & Financial Markets.

There is a consistent demand for entry-level positions in the field at financial institutions, health care companies, larger corporations, and insurance companies. To be qualified for these positions, individuals typically must have completed one or two exams set by the Society of Actuaries (SOA).

What Will I Learn?

• Develop analytical and reasoning skills
• Apply theories and models to measure and manage risk
• Integrate disciplines to create a breadth of knowledge in mathematics and statistics as well as finance and economics
• Prepare for three of the professional exams required to obtain Associate credentials from the Society of Actuaries. The three Professional Exams addressed by this program are: Probability (P), Financial Mathematics (FM), Investment Finances and Models (IFM)

Degree Information

Visit the University Catalog to learn about degree requirements and coursework for the Actuarial Mathematics major.

General Program Information

• Bachelor of Arts/Science - Major
• Actuarial Mathematics Three-Year Course Cycle
• Internship and research opportunities available
• Actuarial Mathematics CASL Internships - Job Postings
• Scholarships available
• Actuarial Exam Support Scholarship request form

The Actuarial Mathematics program at the University of Michigan-Dearborn has been officially awarded Bronze Level recognition by the Casualty Actuarial Society (CAS). CAS is one of the two societies in the United States responsible for the certification process and for awarding the designations of associates and fellows within the actuarial profession. Read more about this news in the Reporter.

Learn more about this recognition program here.