Actuarial science involves using mathematics to help make decisions amongst uncertainty and risk. It is used in insurance, finance, investments, and more. A majority of actuaries are employed by insurance companies.
Program Highlights
FOCUS ON DATA SCIENCE
We focus on data science instead of hard math.
PREPARE FOR CERTIFICATION
Become fully prepared for two important certification exams by the Society of Actuaries.
BUILD YOUR PORTFOLIO
Our program is based on projects, not lectures, to build your resume.
Want more information about Roberts?
Download a guide with detailed information on costs, scholarships, and Roberts' majors and programs!
How Much Will I Pay?
Total Program
Sticker Price:
$52,127
Last year
100%
of full-time freshmen students who applied
for a scholarship received one
$25,324
average grants & scholarships package
for incoming freshman students last year
Roberts' Strategic Pillars
Online, Hybrid, and In-Person Programs In Rochester, NY
ANCHORED IN CHRISTIAN FAITH
You’ll be spiritually prepared for engagement in a diverse world.
CUSTOMIZED EDUCATIONAL PATHWAYS
Whatever your interests and circumstances, you’ll be equipped for your one-of-a-kind vocation.
READY TO
LEAD
You’ll be ready to lead, making meaningful contributions in your profession.
FLOURISHING PEOPLE & COMMUNITIES
Empowered to act in local and practical ways, you’ll make a difference in the communities where you live and work.
Coursework
Interested in seeing what courses you can take? Check out our course catalog!
What Will I Learn?
A degree in Actuarial Science prepares you with skills in mathematics, statistics, and financial theory to analyze the economic costs of risk and uncertainty. This is a project-based program that not only teaches you the exact skills employers are looking for, but also gives you real, hands-on experience that will help you in your career.
You’ll be fully prepared to take two Society of Actuaries exams - the "P" and "FM" exams. You can also receive credit for the Casualty Actuarial Society equivalents by taking the SOA exams.
You’ll study:
- Accounting
- Actuarial Science
- Calculus
- Data Analytics
- Mathematical Theory of Interest
- Python
- Risk Management
- R Programming language
- RStudio and RMarkdown
Career Outlook
Actuarial Science is one of the most in-demand college majors. According to the Bureau of Labor Statistics (BLS), the median salary for an Actuary in 2022 was $113,990 and the number of jobs in Actuarial Science is expected to grow 23% from 2022 to 2032 - driven by the changing needs of the insurance industry.
Furthermore, Actuarial Science degrees are valuable to those who seek a quantitative role in Finance, Business, Sports, and other industries.
U.S. News reports actuaries enjoy low stress and high upward mobility.
Potential careers include:
- Actuary
- Actuarial Analyst
- Quantitative Analyst
- Healthcare Actuary
Frequently Asked Questions
To become an actuary, you should first earn your bachelor’s degree. According to the American Academy of Actuaries, some actuaries have their degree in actuarial science, but others have a bachelor’s degree in business, economics, math, or even the liberal arts.
Along with your degree, to be an actuary in the US, you’ll also have to pass a series of exams. Examinations are given by the Society of Actuaries (SOA), the Casualty Actuarial Society (CAS), or the American Society of Pension Professionals and Actuaries (ASPPA).
What degree do you need to be an actuary?
While you can earn your bachelor’s degree in math, business, or economics, there are specific actuarial science degrees offered. An actuarial science degree from Roberts will prepare you to pass the exams necessary to practice in the field.
At Roberts you’ll not only take a range of courses, including Programming and Data Analytics, but also work on projects to build skills that will help you stand out to employers. These projects will help you build experience so you’ll graduate ready to thrive in your actuary career and all that this will bring.
According to the US Bureau of Labor Statistics, the median annual wage for actuaries in 2022 was $113,990. Naturally, salaries will differ by location, experience, and employer.
There are open positions for data analysts in many sectors. This provides not only many choices after graduation but security, as you now have the security of multiple backup plans in your career.
Can I meet with a professor when I visit Roberts?
Yes! If you come to campus for an individual visit, you can meet individually with a professor to get an overview of the major and your individual questions answered. Our Discovery Day events typically include a Faculty & Services Expo, where you can meet your future professors.
Does Roberts Wesleyan University offer financial aid?
Yes! At Roberts, we’re dedicated to supporting you. Our Office of Student Financial Services is here to help you make the most of every financial aid opportunity available.
We provide financial assistance to 100% of our undergraduate students, so you can focus on following your calling with confidence.
