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Actuarial Science
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About Actuarial Science

Learning Outcomes

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.

Curriculum

  • The program provides students with a broad and in-depth background in mathematics, statistics and economics.
  • Completing the core courses will provide the background to successfully complete the first two actuary exams.
  • Students will develop an understanding of the actuarial profession, what actuaries do and how they do it.
  • Students develop critical and analytical thinking skills necessary for success in the profession.
  • Courses develop logical thinking, quantitative reasoning and deductive analysis.
  • Actuarial science tutorial exam sessions are offered with the faculty director.
  • Exceptional faculty is trained in actuarial science, mathematics, statistics, economics, finance and computer science.
  • Carroll actuarial science majors have far exceeded the national pass-rate on professional exams.

Internships

  • Carroll has educational partnerships established with Northwestern Mutual and Assurant.
  • Selected students receive a 16-credit paid internship at Northwestern Mutual or Assurant after the sophomore year.
  • Students receive an authentic experience in the actuary profession.
  • Northwestern Mutual and Assurant provide 100 hours of paid study time during the internship for students to study for next actuarial exam.
  • The internship is completed during spring semester of junior year or fall semester of senior year.

Special features

  • Small classes allow for close contact between students and professors.
  • Professors teach all classes; there are no teaching assistants.
  • There is ample opportunity for interaction with professors and other students.
  • Students have the opportunity to be hired to staff the mathematics laboratory and tutor other students.
  • Close to 100 percent of all actuarial science majors pass the professional exams and will get jobs as actuaries.
  • Carroll's location ensures numerous social, cultural, internship and career networking opportunities.
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