Actuarial sciences, an option within the mathematics major, focuses on the study of research, planning, forecasting, and decision making methods for insurance, pension, and retirement programs. Actuaries develop mathematical models that evaluate the current financial implications of future events.

Most actuaries are employed by insurance companies. They also perform research planning, forecasting, and decision making for pension and retirement programs. Professional advancement and income depend on an actuary’s progression through a series of tests. Those who pass six actuarial exams become associates in the Society of Actuaries (SOA). After eight tests and 50 hours of professional development courses, they become Fellows of the SOA. The actuary field is ranked among the best jobs in the nation in terms of factors such as income, security, and working environment. Job opportunities are growing steadily, and the profession has the advantage of being resistant to recessions.