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Minor in Actuarial Studies

Offered by: Mathematics and Statistics

Actuaries are professionals trained in mathematics, statistics, and economics to solve problems involving long-range financial impacts of future events. Their skills are greatly valued by organizations that need to quantify financial risks. The minor in Actuarial Studies at SRU will provide you with the base skills to measure risks, estimate probabilities, and answer important financial questions.

Why Choose Actuarial Studies?

SRU's Minor in Actuarial Studies will prepare you for required national actuarial exams-on which our students have a pass rate about 20% higher than the national average.

This minor is an excellent addition if you have a major in a business field such as Finance, Economics, Accounting, or Management. It also adds flexibility to the BS in Math if you're majoring in another special interest area and you're curious about actuarial science.

What Will You Learn?

Earning a minor in a mathematical discipline helps you strengthen all the aspects of critical thinking. You'll learn to reason more clearly, recognize patterns and relationships, and be tenacious and creative in solving tough problems.

In SRU's Actuarial Studies program, you'll complete courses in Interest Theory and Mathematical Statistics. You'll also choose interdisciplinary courses to expand your knowledge, familiarity, and flexibility in applying the tools of actuarial science to areas like Accounting, Computer Science, Economics, Finance, and Advanced Mathematics.

Careers In Actuarial Studies

A minor in Actuarial Studies-especially when paired with a major in a business-related field-will increase your value to employers hiring positions that require strong critical reasoning skills for assessing and managing financial risk. 

Actuaries are commonly employed by:

  • Financial institutions
  • Insurance companies
  • Accounting firms
  • Government agencies
  • Industrial corporations
  • Consulting firms
  • Labor unions

Clubs & Organizations

  • Math Club
  • Kappa Mu Epsilon
  • Actuarial Club