Monmouth College offers a series of courses designed to prepare students with a strong analytical background necessary for a career in the actuarial field.
Students at Monmouth College interested in actuarial science will take a series of
courses which prepare them to study for and pass the initial credentialing exams (offered
by the Society of Actuaries and the Casualty Actuarial Society) in Probability (Exam
P) and Financial Mathematics (Exam FM). These courses also qualify Monmouth College
students for the first two Validation of Educational Experiences (VEE) required by
the credentialing societies.
Monmouth College students who want to work in the actuarial science field usually double major in Economics and Mathematics, or major in Mathematics and minor in Economics or major in Economics and minor in Mathematics.
Actuaries’ skills are in great demand throughout the financial sector, particularly in investment, insurance, consulting, and pensions. Actuaries are also increasingly employed in risk management for large companies.
One of the Best Jobs in America
Actuary is a regular entrant on many lists of the best careers in America. Actuaries work in dynamic, collaborative environments, solving problems involving probabilities and big data. The career offers many benefits, such as excellent employment opportunity and job security, as well as a generally good work environment and work/life balance. And with a median salary of over $100,000 annually, the financial potential is hard to beat. A bachelor’s degree is enough to secure a high paying entry level actuarial position. Many companies provide monetary support to help further actuarial studies.
Departtment Facilities and Equipment
At Monmouth, Mathematics and Economics students are able to use a variety of equipment that is located in the new $42 million state-of-the-art Center for Science and Business. There are three computer laboratories that are fully equipped with presentation technology. Students also have access to Mathematica, a high-level mathematical and scientific computational software tool. The comfortable classrooms and numerous individual and team-study spaces are also popular with students.
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