Actuaries use mathematics and financial theory to determine the financial effect that uncertain future events such as birth, death, retirement, fire, accident, and sickness have on insurance and other benefit plans. The competitive actuarial profession requires mathematics graduates to have analytic, statistical, and computational skills, which allow them to solve industrial problems, predict the financial effects of uncertain future events, and carry out decision-making analyses. (See Mathematics.)

Special Opportunities

Students at IU South Bend can join the Math Club, which is a student chapter of the Mathematical Association of America, and participate in math competitions, math fairs, and math exploration sessions. The Math Club joins forces with the Physics Club for many events.

Careers

Actuaries may work for insurance companies, employee benefits companies, consulting firms, or the benefits departments of general business and government agencies. Graduates who plan to pursue careers in actuarial science will need to take one or more actuarial science examinations to enter the actuarial profession. Graduates who choose not to become actuaries will be well prepared to enter industry and work in such areas as quality control, computational analysis, information management, forecasting, risk analysis, simulation, and finance. Students will also be prepared for graduate study in mathematics or business.

Degree Program

Bachelor of Science in Actuarial Science

Learn about certificate programs to enhance your education.

Actuarial Science degree requirements
Mathematical Sciences courses

For further information, contact:
Department of Mathematical Sciences
Northside Hall 301
(574) 520-4335
mshafii@iusb.edu