Actuarial Science Major

Broadly speaking, actuaries are professionals who analyze financial risks of future events. Trained in mathematics, statistics, economics and finance, actuaries quantify these risks by building and evaluating mathematical models. Such analyses are essential for the success of businesses in areas such as insurance, investment, and employee benefits. The Carroll University Actuarial Science Major gives students a broad and in-depth background in these core disciplines in preparation for entry into the actuarial science profession.

Carroll University has actuarial science internship programs with Northwestern Mutual, Assurant, Milliman, and Oliver-Wyman. Each year, representatives select interns from among Carroll University Actuarial Science majors for full-time (or part-time) paid internships. Selected student interns receive an authentic experience in the actuary profession while earning Carroll University credit. The full-time internships also include 100 hours of paid study time for the intern’s next actuarial sciences exam.

Learning Outcomes for Actuarial Science

Students majoring in actuarial science are expected to:

1. Develop an understanding of the actuarial profession, what actuaries do, and how they do it.
2. Develop a knowledge base and proficiency in the core subjects needed for entry into the profession.
3. Develop an appreciation for the linkages between these core subjects.
4. Develop the critical and analytical thinking skills necessary for success in the profession.
5. Develop the communication skills that are essential in the business environment.
6. Develop the learning skills necessary for continued success in the profession.