DePauw University

ACTUARIAL SCIENCE, bachelor

Actuaries are responsible for determining rates and premiums on insurance policies (e.g., life, health, home, and auto) and forecasting future events affecting insurance programs' soundness. Some actuaries work with consulting firms as advisors to corporations regarding human resources and pension benefits. Government agencies, such as the Social Security Administration or insurance regulatory boards, also employ actuaries. Actuaries can specialize in life and health insurance, property and casualty insurance, or pension benefit programs. The department of mathematics encourages developing skills in analytical thinking and problem solving that prepare our students for life beyond DePauw. Actuarial Science is a collection of mathematical and statistical techniques that can calculate the monetary value of uncertain future events. Actuaries apply these principles and techniques to solve problems in finance, insurance, and related fields. Actuaries are involved with every aspect of the insurance industry and must possess strong mathematical skills and solid business background to apply their technical knowledge.

CAREER OPTIONS

Accountant, Actuary, Budget analyst, Cost estimator, Data analyst, Economist, Financial planner, Fraud investigator, Insurance underwriter, Inventory control specialist, Market researcher, Mathematician, Meteorologist, Purchasing agent, Risk analyst, Software engineer, Statistician, Teacher/professor.