Actuarial Science Minor
Use Probability and Economics to Assess Real-World Risks
Actuarial science is the discipline that applies mathematical, statistical, and financial methods to assess, manage, and model risk, primarily for insurance, finance, and pension industries. Actuaries analyze data to predict the likelihood and financial impact of future events, such as accidents or natural disasters, helping companies develop profitable policies, set premiums, and ensure long-term stability. The actuarial science minor equips students with the math and finance knowledge to be successful in a career as an actuary.
Students in the actuarial science minor are highly encouraged to complete two Society of Actuaries exams and complete an internship in order to be very marketable after graduation. Students who minor in actuarial science also take a variety of classes with the business school, resulting in a more multidisciplinary experience. The average salary for entry level actuarial assistants is $85,000.
| Course Number | Course Name | Credit Hours |
|---|---|---|
| BA 211 | Principles of Financial Accounting | 3 |
| BA 330 | Introduction to Finance | 3 |
| EC 211 | Principles of Macroeconomics | 3 |
| EC 212 | Principles of Macroeconomics | 3 |
| MATH 208 | Applied Statistics Concepts and Methods | 3 |
| MATH 302 | Multivariable Calculus | 3 |
| MATH 307 | Probability | 3 |
Program faculty are dedicated to each student’s success and technical abilities.
- Kevin Sinclair
- Chase Mathison
- Ralph Wojtowicz
- Cynthia Schneider
Shenandoah University is a proud member of the National Center for Women & Information Technology Academic Alliance.
NCWIT is a non-profit community that convenes, equips, and unites change leader organizations to increase the influence and meaningful participation of girls and women — at the intersections of race, ethnicity, class, age, sexual orientation, and disability status — in the influential field of computing, particularly in terms of innovation and development.