Jun 24, 2024  
2023-2024 Undergraduate Catalog 
    
2023-2024 Undergraduate Catalog [ARCHIVED CATALOG]

Actuarial Science, B.S.


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About the Degree


  • A flexible program which prepares students for five exams of the Society of Actuaries (SOA)
  • Experienced faculty with both academic and professional credentials
  • An external professional advisory board of local actuaries
  • Assistance finding internships and preparing for actuarial careers
  • Validation by Educational Experience (VEE) credit for all three required courses
  • Opportunities to study abroad at some of the top universities around the world
  • Exam Reimbursement Benefits under the SOA’s UCAP Advanced Curriculum Program*

Arcadia has a long history of programs in actuarial science: originally we offered a concentration in actuarial science as part of our mathematics major and since 2013 we have a major. Our program has many graduates in local and regional insurance companies, consulting firms, and government agencies. Our major is administered by Irina Pogrebivsky, a Fellow of the Society of Actuaries.  Other faculty teaching actuarial courses include Dr. Edward Wolff, a statistician with many years of experience preparing students for actuarial careers, Dr. Weihong Ni, a PhD in Actuarial Science, Other faculty include Dr. Carlos Ortiz, whose publications include several in mathematical finance, and Professor Emeritus Dr. Louis Friedler, who is an Associate of the Society of Actuaries.

Actuaries are highly paid business professionals who use probability, statistics and mathematical finance to quantitatively assess risk. To advance within the field of actuarial science, individuals must pass a series of exams administered by the SOA. These exams reflect the importance of both mathematics and business to this career; our major combines these two areas of actuarial science. Our major offers courses covering the material for the five of these exams.

  • Exam P: Probability
  • Exam FM: Financial Mathematics
  • Exam FAM: Funamentals of Actuarial Mathematics
  • Exam ASTAM: Advanced Short Term Actuarial Mathematics
  • Exam SRM: Statistics for Risk Modeling

Our major also offers Validation by Education Experience (VEE) actuarial credit in Mathematical Statistics, Finance, and Economics in cooperation with Arcadia’s School of Global Business. Details are available on the Department’s Web page.

Our program qualifies for special benefits and recognition under the SOA’s UCAP Advanced Curriculum designation.

One of the strengths of our program is the individual attention we give students. We work with students to prepare them for the exams, to assist in writing resumes and applying for positions, and to offer advice on interviewing.

Our Advisory Board includes:

Maureen Whitman, FSA, Vice President, Actuarial at Tandigm Health

Ralph Donato, Principal Consulting Actuary, Long Term Care Group

Dan Sprik, FSA, Director and Actuary at Independence Blue Cross

We are pleased that the Actuaries Club of Philadelphia supports our program with financial help to partially reimburse students for the expense of taking actuarial exams.

Requirements


(72 credits as listed below, with Undergraduate Curriculum requirements and electives to total 128 credits)

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