Actuarial Science

Department of Mathematics

Actuarial Science

A very lucrative industry, actuarial science dives into the study of probability and statistics. Actuaries work primarily in a professional business setting using mathematics, statistics, economics and finance to help companies understand and manage financial risk well in the future.

While UIndy’s actuarial science program focuses primarily on applying sophisticated math concepts to actuarial practice, you will also attend business courses to learn basic level business concepts such as investments, macro and microeconomics and risk management.

Program Strengths

  • Smaller classes allow for in-depth studies
  • Low faculty-to-student ratio means more face time with professors
  • Comprehensive program prepares students in both the math and business aspects of the industry
  • Math courses develop skills needed to take and pass actuary exams
  • Finance and business courses prepare students to enter the professional business world
  • Indianapolis location offers a number of internship and job opportunities with the many insurance companies and large businesses in the area

"The probability classes I have taken have helped me see how actuaries use the data they are given to evaluate risk. My finance classes, such as Financial Accounting, Investments, and Derivative Securities has helped me understand how the revenue needs to be allocated, and how the market affects the business."

Stacie Evans

About the actuarial science industry

  • Our actuarial science program prepares you to join the workforce immediately.
  • Actuaries are in high demand as one of the few careers in the United States with a near 0% unemployment rate across the country.
  • Actuaries work with companies of all types—primarily insurance companies—to help analyze and assess financial risk.
  • It’s a very lucrative industry with jobs available all over the world.

Actuarial Science might be for you if:

  • You enjoy math and solving problems
  • You wish to enter a promising career field
  • You are very goal-oriented
  • You are disciplined

"When I took the Probability & Statistics class, I knew I was in the right major. I loved how the numbers and statistics applied to real life problems. Programming was another favorite class. It allowed me to be a bit creative when finding solutions."

Grant Dilger

Actuarial Analyst, Humana

Curriculum Guides

These curriculum guides outline the classes you’ll need to take as an actuarial science major. The general education curriculum guide lists your class options and requirements to fulfill UIndy’s general education requirements, while the actuarial science curriculum guide lists the classes needed to major in actuarial science. You’ll need to look at both guides to get a complete picture of what classes you’ll take at UIndy.

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