Actuarial Science, B.S.

Actuaries use mathematics to analyze risk in insurance, pension, and other financial situations. It takes a combination of strong analytical skills, business knowledge and understanding of human behavior to design and manage programs that control risk. The actuarial profession has consistently been rated as one of the top five jobs in the United States according to Jobs Rated Almanac.

To become an actuary, a candidate must pass a series of exams in probability, economics, finance and actuarial modeling. Most actuaries begin their careers with one or more of these exams already completed, but will take many of the exams after they have been employed.

General Education Requirement
NUB 102NU Beginnings 11
Foundation Courses27
Select 33 credits of Distribution Courses, including the following for this major:33
Financial Accounting
Principles of Macroeconomics
Calculus I
Visual Programming I
Major Requirement
MAT 112
MAT 221
Calculus II
and Calculus III
MAT 227Foundat of Math3
MAT 228Linear Algebra4
MAT 305Math of Finance3
MAT 335Prob and Stat I3
MAT 336Probability and Statistics II3
MAT 499Senior Seminar3
ACC 112Management Accounting3
ECO 102Principles of Microeconomics3
FIN 320Corporate Finance I3
FIN 340Corporate Finance II3
FIN 350Sec Analysis & Portfolio Mgt3
FIN 360International Financial Management3
or LAW 205 Legal Env of Business
MAT or FIN 300/600-level elective
Select one of the following:3
Math Modeling
Linear Models
Nonparametric Statistics
Select one of the following:3
Intermediate Microeconomics
Intermediate Macroeconomics
Money and Banking
Advised electives9
Total Credits121

All Niagara University students entering as freshman are required to take the one credit Niagara University Beginning seminar course (NUB 102 NU Beginnings) in addition to the 20 general education requirements.