ug:overview
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ug:overview [2025/11/19 00:31] kargin [Statistics Track (BA)] |
ug:overview [2025/11/19 00:45] (current) kargin [Actuarial Tracks (BA/BS)] |
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| ===== Actuarial Tracks (BA/BS) ===== | ===== Actuarial Tracks (BA/BS) ===== | ||
| - | The track in Actuarial Science is designed to prepare students for an actuarial career. Actuaries use probability models to quantify uncertainty and risk in business problems. Actuaries assemble and analyze data related with risks to answer questions such as how much to charge policy-holders for auto, life or health insurances, how to set up retirement plans, how to formulate investment strategies in light of future risks. They provide an evaluation of risk for their companies for strategic decisions. | + | The Actuarial Science track is designed to prepare students for an actuarial career. Actuaries use probability models to quantify uncertainty and risk in business problems. They assemble and analyze data related to risks in order to answer questions such as how much to charge policyholders for auto, life, or health insurance, how to design retirement plans, and how to formulate investment strategies in light of future risks. They provide crucial evaluations of risk that inform their companies’ strategic decisions. |
| - | Because of the crucial role in such decision making, actuaries are rewarded accordingly; salaries offered to actuaries are [[https://www.dwsimpson.com/salary.html/|substantial]], and there is ample opportunity for advancement in the actuarial profession. Moreover, actuarial careers often lead to upper management and executive positions. | + | Because of their central role in decision making, actuaries are well compensated; salaries offered to actuaries are **[[https://www.dwsimpson.com/salary.html/|substantial]]**, and there is ample opportunity for advancement in the actuarial profession. Moreover, actuarial careers often lead to upper management and executive positions. |
| + | Refer to the **[[https://www2.math.binghamton.edu/p/actuary/start|Math department section on actuarial sciences]]** for more detailed information. | ||
| - | Refer to the [[https://www2.math.binghamton.edu/p/actuary/start|Math department section on actuarial sciences for more detailed information.]] | + | Professional advancement results from passing a series of examinations administered by the actuarial societies and by completing specific courses approved by these societies. |
| - | Professional advancement results from passing a series of examinations administered by the actuarial societies and by the completion of specific courses approved by the actuarial societies. The BA track in Actuarial Science requires 10.5 courses in Mathematical Sciences (that is 10 full-semester courses and one half-semester course) and 2 courses in Economics. | + | To obtain a BA degree in mathematical sciences with an actuarial science track, a student must complete 52 credits of coursework, including 11 courses in Mathematical Sciences and 2 courses in Economics. The BS degree with an actuarial science track requires 76 credits of coursework, including 15 courses in Mathematical Sciences and 4 courses in Economics. |
| - | To obtain a BA degree in mathematical sciences with an actuarial science track, a student must complete 42 credits of coursework, including 10.5 courses in Mathematical Sciences and two courses in Economics. The BS | ||
| - | degree with an actuarial science track requires 58 credits of coursework, including 14.5 courses in Mathematical Sciences and 4 courses in Economics. | ||
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ug/overview.1763530271.txt · Last modified: 2025/11/19 00:31 by kargin