Actuarial science education equips students with strong mathematical problem-solving skills that can be applied to business careers. The major requirements consist of courses in mathematics, actuarial science, computer science, business, economics and a course in communication. Coupled with a firm foundation in the liberal arts, this major provides a sound grounding in analytical problem-solving and communication skills. This program prepares students for a variety of careers with insurance companies, consulting firms, financial institutions, industrial corporations, or government agencies. It also provides a good preparation for non-actuarial careers in banking, finance, or insurance. In addition, the statistical background developed by an actuarial student is valuable in a variety of other fields. Students graduating with a major in Actuarial Science will become proficient in basic mathematics through multivariate calculus and probability together with basic notions of insurance and risk management. They will demonstrate the ability to think clearly and critically in solving problems related to the analysis and management of risk. They will be able to effectively communicate technical and non-technical information to their peers and to non-specialists in their work environment.

The actuarial profession consistently ranks among the best career fields, based on salary, job security, career perspectives, work-life balance and overall job satisfaction. Actuaries possess a vast set of skills and expertise that are in high demand by insurance companies and other financial service institutions. In addition, the Twin Cities area is a major insurance hub, with several large insurance companies headquartered here. You’ll have many employment opportunities as a result, and we offer numerous extracurricular activities to help you prepare for career fairs and interviews