Turn Your Love of Math into a Successful Career
The beauty of pure mathematics inspires a passion in some people that lasts their whole lives. How do you make a career out of it, though? You harness pure mathematics and put it to work. You turn it into applied mathematics. Actuarial science is one of the most powerful applications of mathematics, and it can become a career that enables you to do the thing you love most while being a highly in-demand professional with tremendous earning power.
What is an actuary? Simply, an actuary measures and manages risk for businesses, enabling them to make sound and strategic decisions. Besides having a profound understanding of mathematics, actuaries have serious skills in statistics and business management.
Envision Your Future
The information below is designed to show the many possible careers you could pursue with your major. The research is provided by Encoura, the leading research and advisory firm focused exclusively on higher education. It includes median national salaries and industry growth projections over the next decade. Click here to view the full report.
$134K
Financial Managers
12% Growth 2021-2030
$111K
Actuaries
15% Growth 2021-2030
$92K
Statisticians
26% Growth 2021-2030
Selected Courses and Programs
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Probability and Statistics
Axiomatic study of probability: sample spaces, combinatorical analysis, independence and dependence, Bayes’ Theorem, discrete and continuous random variables, functions of a random variable, sums of random variables, joint distribution functions, moment generating functions, central limit theorem. 3 credits.
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Financial Mathematics
This is a first course in the fundamentals of financial mathematics, with applications in calculating present and accumulated values for various streams of cash flows. These will form a basis for future use in reserving, pricing, valuation, duration calculation, asset/liability management, investment income, capital budgeting, and valuing contingent cash flows. 3 credits.
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Software Tools for Data Analysis
Topics include techniques for working with numerical data using analytical and computational tools, e.g., signal processing and post-processing data, numerical and functional approximation for data analysis, and statistical methods.
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Business Finance
An introduction to the principles of financial management and the impact of financial markets and institutions on that managerial function. An analytic emphasis will be placed on the tools and techniques of the investment, financing, and dividend decision. In addition, the institutional aspects of financial markets, including a description of financial instruments, will be developed. The course will be structured such that two hours per week will be devoted to lecture and one hour will consist of a hands-on application.
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Corporate Financial Management
A comprehensive analysis of the structure of optimal decisions relative to the functional areas of corporate financial decision making. Emphasis is placed on developing an understanding of the applications and limitations of decision models for the investment, financing, and dividend decisions of the corporation. Topics include firm valuation, capital budgeting, risk analysis, cost of capital, capital structure, and working capital management.
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Full List of Courses and Learning Outcomes for Mathematics
The University of New Haven offers a wide variety of in-depth courses that create a transformational educational experience for our students. To view the complete list of courses you'll take while pursuing a Bachelor of Science in actuarial science, check out the Academic Catalog:
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All University of New Haven students have access to the many resources available through the University’s Career Development Center, which has been named one of the best in the nation by The Princeton Review.
From career assessments, networking, and job shadowing to on-campus interviews and salary negotiation, the Career Development Center provides the skills and connections to identify a meaningful career and an opportunity to pursue your passion.
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Next Steps
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Admission Requirements
Whether you're still in high school or are transferring from another college, we offer full- and part-time opportunities for undergraduates from inside the U.S. and abroad. The admission process can begin as early as the end of your high school junior year.
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We offer a comprehensive financial aid program, with students receiving assistance in the form of grants, scholarships, student loans, and part-time employment. Funds are available from federal and state governments, private sponsors, and from university resources. More than 85 percent of the University's full-time undergraduate students receive some form of financial assistance.
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